Amazing!!! @smallfil has blocked me after answering the above! His statement: "Maybe, he was. Investors do not just take out their monies out of funds for the simple reason that you could be liquidating your shares just as the fund has been dropping in value for a while, which seems to be the case here. At the end of the day, investors have had enough and wanted out of his fund at all cost. At the peak, he had $20 billion, just before the fund was liquidated, he had just $3 billion left. Now, I do not know the extent of his losses but, it must be substantial enough for the investors to want what is left of their monies and to bail out. Of course, bailing out probably, compounded his losses as now, he was selling as the stocks the fund held kept going down. Still a risk management problem. Maybe, he should have closed positions when he had substantial profits and sold his losers to offset the gains?" My answer is in the above entry. @destriero was right about @smallfil destriero said: smalldik cannot read. @smallfil You loser, and of course, you illiterate dumbfuck (dude truly cannot read!!!)...