Discussion in 'Wall St. News' started by crgarcia, Dec 15, 2008.
He suspended withdrawals from his fund, no reasons explained?
no he is a smart guy and a great trader
....so was ken griffin..
he still is
You don't know what you are talking about.
He suspended withdrawals from his flagship Tudor BVI Fund ( -5% on the year as of November ) so that he could split the toxic assets out of his $10 billion flagship hedge fund from everything else.
He needs to do this because investors were trying to redeem 14% of the Tuydor BVI Fund at the end of the year. He is not able to do so without leaving the remaining investors in the fund holding too large of a proportion of illiquid assets, particularly corporate credit in emerging markets.
everyone is great.
there's only one lousy trader who lives on 69th St, and everyone else is great.
I figure anyone thats really great is smart enough to be retired and I would not know them.
Everyone else is a working stiff.
When you can freely mark-to-profit (and most hedge funds can), everyone is a great trader.
Ya never know. Two hedgies that proudly displayed PTJ as their "mentor" have recently blown up or shut down.
Maybe he is just not a great teacher?
Or they are just sh*tty students...
once one suspends , they all have to suspend.
Separate names with a comma.