Hedge Funds Get Rattled As Investors Seek Exits (hedge funds death watch)

WSJ ^ | 09/05/08 | Gregory Zuckerman and Craig Karmin

[TigerLikesRooster]

Hedge Funds Get Rattled As Investors Seek Exits

Friday September 5, 11:44 pm ET

By Gregory Zuckerman and Craig Karmin

With anxiety about hedge-fund woes gripping the market, funds have their own fear: their investors. Some investors, particularly what are known as "funds of funds," are demanding their money back and may ramp up requests in the weeks ahead. That has prompted hedge-fund managers to sell securities to raise cash.

"As the hedge fund investor base broadens, hedge fund portfolio management...slips out of the hands of the portfolio managers and into the hands of the investors," wrote , who runs Whitebox Advisors, a Minneapolis hedge fund with about $5 billion under management, in an August client letter. "It is no insult to the investors to say that this worsens performance."

[ex-Texan]

Soros must be a naturalized U.S. citizen. How else could he legally make all these contributions to the Democrats _______ ?

I noted with interest that back in 2000 he supported John McCain -- that was his only contribution to a Republican. He appears to have lived in NYC since 1956 as does older his brother, Paul.

[TigerLikesRooster]

I suspect the man has more than one passport. The guy like him has no problem making a permanent resident of many countries.

[jas3]

The winner is the person who sold a house with $150,000 street value for %500,000.

In the last year many developers have been selling new homes at or below cost. Many sellers of existing homes have been selling them below their purchase price.

Just because there is a definitive sales price in a transaction does not requires that one or either party profited from the transaction. Many transactions are less than zero sum.

For example if I spend 100 hours knitting yarn that I bought at Costco to make an Obama 2008 quilt to sell and nobody buys it, I have wasted hundreds of dollars of labor and the cost of the yarn. It is not correct to suggest that the transaction was zero sum because Costco may (or may not) have made a profit on the yarn.

Capital is destroyed every day....mostly in Washington, D.C.

jas3

[muawiyah]

Different way to look at it.

There is no financial crisis at all. In fact, the prices of houses became more affordable in "W"'s second term of office than in his first.

The people rejoice!

[Freedom_Is_Not_Free]

Like I said. I completely agree with you, just not the example you gave, which was zero sum. The bank lost and the guy who sold for $500,000 won. But I agree that not all financial transactions are zero sum. Wealth can be created and it can be destroyed. It is not just zero sum.

[bvw]

Blood in gutters running means buy-buy! Too bad I am flat broke!

[bvw]

No portfolio, stacks of cash, gold coins, art collections etc carry any any credit in the afterlife. However if one is honest and energetic and humble and charitable in dealings one can build up quite a portfolio.

[ovrtaxt]

lol on the quilt!