What people are saying about: Caxton, Arky, John Carney

By Bess Levin

crutches&kilt.jpgCax: “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]

Comments (6)

  1. 1
    Posted by SDH | August 1, 2007 at 1:34 PM

    Didn’t Carney just get back from vaction where he stayed in some swank hospital or something like that?

  2. 2
    Posted by Anon | August 1, 2007 at 1:38 PM

    So then Arky is not a “Swiss banker” as previously claimed.

  3. 3
    Posted by anon | August 1, 2007 at 1:42 PM

    as previously claimed by the New York Post…
    and if you can’t trust them, who can you trust?

  4. 4
    Posted by Anonymous | August 1, 2007 at 2:02 PM

    The Wall Street Journal?
    Wait…shit.

  5. 5
    Posted by news | August 1, 2007 at 2:53 PM

    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.

  6. 6
    Posted by anonny | August 1, 2007 at 3:47 PM

    wait, wait, wait. Omaha? Isn’t that where the Sage hails from? What’s Carney doing out there for real?

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