Big Hedge Fund winds down?

Discussion in 'Trading' started by Babak, Aug 1, 2002.

  1. Babak


    I caught a bit of Faber saying something about a hedge fund liquidating...anyone care to fill me in on what happened? Thanks
  2. brad1970


    The following is a portion of a report aired Thursday on CNBC by reporter
    David Faber:
    You can count one less billion-dollar hedge fund on Wall Street. JLF Asset
    Management, a billion-dollar fund run by 34-year-old Jeff Feinberg, is closing
    down. Feinberg, an active trader, who has specialized in retail stocks, is a
    former protege of Jeffrey Vinik and also worked at Soros Asset Management,
    before launching his fund three and a half years ago. Feinberg tells me the
    decision to shutdown is a lifestyle choice; he simply wants to spend more time
    with his family.