After all, Insana didn't blew up, right?

Discussion in 'Wall St. News' started by crgarcia, Sep 18, 2008.

  1. An article in the NY Times describes the Insana story.

    In short he didn't blew up.
    He just had fewer customers than he expected and no profits (3% losses), so he couldn't keep up with his office expenses.

    He supposedly was a fund of funds, who could had funds managed by SAC and Jim Simons; hedge funds usually closed to the public.

    I don't know why customers withdrew their accounts. Most investors (including me) would like to have their funds at Reinassance Tech or SAC; even if they had a -3% year.