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US hedge fund admits 35% plunge in value since downturn
IEHI Feed: The Hedge Fund Implode-o-Meter — US hedge fund admits 35% plunge in value since downturn (guardian.co.uk) Search Enter your search terms Web HF Submit search form 2008-10-25 ``One of the world's biggest hedge fund managers, Citadel, told clients last night that two of its main funds have lost 35% of their value this year after rumours swept the market about its financial position.'' ...

Citadel: Those Paybacks are a Bitch
InvivoAnalytics.com — A mentor at my old firm told me that “getting screwed” was part and parcel of doing business in the securities industry, and that his policy was to never acknowledge it when he got the short end of the stick so that he could get even down the road. So when I read Citadel boss Ken Griffin say , “We’ve made it through 18 years. We will make it through the next six to eight weeks,” what came to mind was Jamie Dimon humming Billy Joel’s song, Getting Closer : I went searching for the truth But in my innocence I found All the con men and their acrobats Who stomped me in the ...

THE FINTAG NEWSLETTER @ 27 October 2008
FiNTAG - Hedge Fund News, Views, Opinions and Gossip — ... Don't they realise that hedge funds ARE the stock markets and without hedge funds the market meltdown / crash / unwind / correction / adjustment will be a whole heap worse? Of course this is a good thing too. There are too many people pretending to be hedge fund managers who should be running a chain of starbucks. Capitalism will sort out the wheat from the chaff and we welcome this. US HEDGE FUND ADMITS 35% PLUNGE IN VALUE SINCE DOWNTURN guardian ...