Comments on: GLG Partners Halts Withdrawals

By: guest

guest — Thu, 06 Nov 2008 15:55:47 +0000

the entire hedge fund industry is a scam. they’re just long whatever market they’re in.

By: guest

guest — Thu, 06 Nov 2008 02:03:12 +0000

It’s all about raising money for the hedge funds! They don’t need people to manage it – just people to raise new capital (CON the wealthy and institutions).
Evidently Coffey is a supurb sales(con)man.

By: guest

guest — Thu, 06 Nov 2008 01:24:13 +0000

the GLG people i’ve met at conferences were were a strange bunch – the rest of us buy-siders wore pretty standard attire, these guys stroll in with jeans and act more like they are on a runway than at a conference. europeans…very odd.

By: guest

guest — Wed, 05 Nov 2008 23:37:29 +0000

Bitch !!! You betta bring me my money !!!
- Angry investor

By: guest

guest — Wed, 05 Nov 2008 22:47:47 +0000

Actually, Coffey’s returns were not that great considering how much he was probably leveraged. The guy is all hype. He does have long hair though which seems to be enough for Moore Capital

By: guest

guest — Wed, 05 Nov 2008 22:32:13 +0000

Well, Coffey can make mad money in a bull market. And he has long hair.

By: guest

guest — Wed, 05 Nov 2008 21:24:37 +0000

The best is Greg Coffey, who screwed the pooch down 50%+ this year in the GLG EM fund, then got to go to Moore Capital as co-CIO! WTF?

By: guest

guest — Wed, 05 Nov 2008 21:17:00 +0000

Most of these performance numbers, while down huge, are actually much better than the real “mark to market” performance. If these funds didnt freeze redemptions and actually had to sell assets at current market prices, most would likely be close to worthless. All of these guys get their brokers to give inflated prices on their illiquid holdings which works well until you start getting redemptions and have to sell 20 points below where you have them marked.

By: Anal_yst

Anal_yst — Wed, 05 Nov 2008 20:25:49 +0000

nice work gents!
*golf clap*

By: guest

guest — Wed, 05 Nov 2008 20:17:25 +0000

all that market neutral talk is a scam

By: guest

guest — Wed, 05 Nov 2008 20:11:38 +0000

interesting that a ‘market neutral’ HF drops 29 percent when the market is down by the same

By: guest

guest — Wed, 05 Nov 2008 19:46:16 +0000

@4, right on!!

By: guest

guest — Wed, 05 Nov 2008 19:30:49 +0000

Has anyone seen any numbers for AQR?

By: guest

guest — Wed, 05 Nov 2008 19:22:13 +0000

market neutral…….bwahahahahahaha. Let that term perish with bottle service.

By: guest

guest — Wed, 05 Nov 2008 19:20:05 +0000

I’m guessing they keep them suspended until they can liquidate enough of their holdings to accommodate the number of redemptions?