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Old 12-03-2012, 11:20 AM   #1
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Lots of hedgefunds around my parts are closing their doors..

This is supposedly one of the main reasons why the resource sector (especially equities) have been suffering over the past 18+ months. Hedgefund Redemptions.

http://www.bloomberg.com/news/2012-1...nd-closes.html

My biggest client who runs and ETF told me that in addition to Kleinheinz, around 400 other small asset managers are closing their doors this year. Small meaning $10 million or less in assets.

In addition to this.. There is a short china fund with around $50 million fund rumored to be closing it's doors after being down 40% over the last 18 months(which is shocking considering how much the Chinese markets are down over that period.)

The master fund for that China short fund is also in trouble apparently. They are supposed to be closing shop pretty soon. Their manager hit it big by catching the Greek CDS deal (no, not Kyle Bass) and has sense struggled. Tough markets and no one is winning right now.
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Old 12-03-2012, 11:30 AM   #2
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Investing is not easy when markets aren't "real".
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Old 12-03-2012, 12:11 PM   #3
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Originally Posted by PMBug View Post:
Investing is not easy when markets aren't "real".
Definitely.. What sucks is there are a lot of good managers that have been beaten up pretty bad even though they were "right". The China short idea was a great one. It just didn't pan out for some reason. Maybe they were just resting on their laurels or something after the Greek CDS deal. Usually it's a bad sign when the manager buys a Roles Royce and 3 houses after a winning trade. You'd usually like to see something a little less flashy.
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Old 12-04-2012, 04:44 PM   #4
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Originally Posted by PMBug View Post:
Investing is not easy when markets aren't "real".
... also, investing is not easy, when there's no high tide, to lift all the boats...
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Old 12-04-2012, 05:53 PM   #5
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Au contraire, guys, investing is easy!

Our company (Ameru Trading del Peru S.A.) is considering a bond offering. Send us a minimum of $50,000 (which we will use to buy more bearings), and we will pay 5% per year. Come down to Peru and check it out for yourselves!



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Old 12-04-2012, 06:23 PM   #6
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DCRB, I guess Fletch was right... "It's all ball bearings nowadays."

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