Cax: “The flagship Global fund, which oversees $12 billion, dropped about 3 percent in July.”
Arky Busson: He is nice, his intelligence ranges.
“Arky runs EIM…it is a legitimate business. He made his name because he was an early investor in Tudor, Moore and some other funds. So, he has access to a lot of funds that have good performance but are now closed. The truth is it doesn’t take much brains to run that type of fund of funds. It is all about contacts. Arky is very charming and very French. And, rumored to be, dumb as a brick. But nice enough."
“He's an incredibly lucky, really nice guy, but not whip smart. Not dumb, necessarily.”
John Carney: “I just miss him, is all. When’s that drunken magic Leprechaun coming back from his vacation in Omaha?”
(Monday, provided we haven’t burned this thing down before then.)
Tudor Raptor Fell 9% in July; Caxton's Global Lost 3% [Bloomberg]
Posted by SDH , Aug 01, 2007 1:34PM
Didn't Carney just get back from vaction where he stayed in some swank hospital or something like that?
Posted by Anon , Aug 01, 2007 1:38PM
So then Arky is not a "Swiss banker" as previously claimed.
Posted by anon , Aug 01, 2007 1:42PM
as previously claimed by the New York Post...
and if you can't trust them, who can you trust?
Posted by , Aug 01, 2007 2:02PM
The Wall Street Journal?
Wait...shit.
Posted by news , Aug 01, 2007 2:53PM
14:44 NEW YORK, Aug 1 (Reuters) - Caxton Associates LLC posted
negative returns of nearly 3 percent in July, erasing nearly
half its gains for the year, the hedge fund firm told investors
in a letter on Wednesday.
Caxton didn't detail how it lost money in its main Caxton
Global Investments fund, except to say it was related to
equities trading in the $11 billion fund. It said the losses
still left it up 3.46 percent for 2007, net of fees, according
to the letter that was obtained by Reuters.
It said the losses "are not unusual for us during major
market shifts" and added that it sent the letter to reassure
investors after "unfounded rumors" appeared on the Internet.
Posted by anonny , Aug 01, 2007 3:47PM
wait, wait, wait. Omaha? Isn't that where the Sage hails from? What's Carney doing out there for real?