How Wall Street & Greenwich Have Changed: Masters of The Universe

AAA30 · Sep 30, 2008

Isn't Sept 30th the last day to ask for your cash and you can do so for weeks in advance. If so I am sure the Greenwich Hedgies have already prepared for this.

bkveen3 · Sep 30, 2008

Quote from stock777:

Dont you know you have to invest for the long term.

No one can time the market.

Never sell, you will always sell at the wrong time.

Thats what they say.

I believe.
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I don't trade stock i'm strictly a fx man and i'm on an ultra short term basis. But i love studying makrets in general for fun.

W4rl0ck · Sep 30, 2008

Trudat.

Quote from AAA30:

Isn't Sept 30th the last day to ask for your cash and you can do so for weeks in advance. If so I am sure the Greenwich Hedgies have already prepared for this.
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vv111y · Sep 30, 2008

Quote from W4rl0ck:

Trudat.
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But what about this:

...
Itâs important to note that hedge fund managers donât need to start selling right away. The 90-day window gives them an opportunity to try and persuade investors to change their minds. If stocks were to rally in the coming weeks, some investors might be convinced to sit tight and keep their money put. But with so much turmoil in the credit markets and uncertainly surrounding the health of the banking industry, a big year-end stock rally looks unlikely.

Right now, things look ugly for hedge funds, which control nearly $2 trillion in assets. The average hedge fund was down 5.8% going into September, which has been another brutal month, according to The Barclay Group, a hedge fund tracking service. The performance is even worse for so-called hedge fund fund-of-funds, which spread investor money between lots of different funds. Through the end of August, the average fund-of-funds was down 6.6%. Sol Waksman, Barclay Groupâs president, says this is the worst period for hedge funds heâs ever seen.

A flood of year-end redemptions wonât only mean a tidal wave of selling by hedge funds. It also could lead to outright liquidations and closings of funds. So far, the number of hedge funds that have closed shop isnât much great than in past years. But many in the industry are bracing for a wave of fund closing, especially smaller funds with under $2 billion in assets. In the current environment, itâs harder for smaller hedge funds to raise money and keep the investors they already have from leaving. Small fund-of-funds also may roll up the carpet.

In short, the next three months could be a blood bath in the hedge fund world.
Posted by: Matthew Goldstein on September 26
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http://news.alibaba.com/article/detail/finance/100008354-1-look-out-bloody-tuesday%3F.html

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How Wall Street & Greenwich Have Changed: Masters of The Universe

AAA30

bkveen3

W4rl0ck

vv111y