Posted by guest , Nov 03, 2008 10:03AM

That's a fucking deballing.

Posted by guest , Nov 03, 2008 10:03AM

Pardus, has Automotive and Airline Related stocks and has held basically the same 8 core stocks for over a year, perhaps 2. Basically, Pardus is short oil and gas and long Macro Economic growth with little diversification. Not surprising the results.

Posted by guest , Nov 03, 2008 10:07AM

@3, How can someone who is "short oil and gas" get hammered so hard?

Posted by guest , Nov 03, 2008 10:09AM

Special Opportunities - AKA Getting Ass Raped.

Posted by guest , Nov 03, 2008 10:11AM

A "truly" special opportunity indeed! Nonconsentual buttsechs.

Posted by guest , Nov 03, 2008 10:14AM

I have dealbreaker in my death pool.

Posted by guest , Nov 03, 2008 10:14AM

They've owned Valeo (15MM shares FR FP) since 2006.. Auto parts manufacturing. Oil and gas is much higher now than it was in 2006 and Valeo is much lower... So are GM, UAUA, DAL, ATO FP, VMED

Posted by guest , Nov 03, 2008 10:16AM

thanks Bess now i called myself a retard..

Posted by guest , Nov 03, 2008 10:19AM

I don't think this is going to be too far off the run for a lot of funds October month end returns. Worst month ever especially for fixed income funds.

Posted by guest , Nov 03, 2008 10:20AM

@4 - they own Atos, Visteon and Valeo... amongst other junk. Oops...

Posted by guest , Nov 03, 2008 10:21AM

Did anyone happen to save the image from friday's post (with the girls on it)? The picture is gone now, and I feel like I missed out.

Posted by guest , Nov 03, 2008 10:22AM

Am I missing something. Moore Capital hires Greg Coffey as Co-CIO for Europe after he blows up the GLG Emerging Markets Fund. The guy never made money in anything but a bull market.

Posted by guest , Nov 03, 2008 10:28AM

who's merideth whitney?

Posted by guest , Nov 03, 2008 10:31AM

Greg Coffey wanted to go alone and set up his own company. But the way he left GLG pissed off most of investors because they were stuck with GLG EM fund and GLG EM Special Situations fund with no captain on board. He went out to check investors appetite for a COffey Fund Limited, but apparently the appetite was way too low for him (of course the guy is Greg COffey, he never wanted to start a fund with ONLY USD1B under management...) and therefore he teamed up with Moore.

Posted by guest , Nov 03, 2008 10:33AM

Pardus...I mean Pardon Us...we have some special news to report to you, our valued investor

Posted by guest , Nov 03, 2008 10:35AM

Thaats a shame

Posted by guest , Nov 03, 2008 10:36AM

thanks for taking of that, bess.

Posted by guest , Nov 03, 2008 10:40AM

What is incredible is that Pardus shut the gates over 6 months ago, yet they have not apparently reduced their core positions or liquidated their major holdings as far as one can see from Bloomberg HDS pages.

Posted by guest , Nov 03, 2008 10:42AM

@10:31 I understand why Coffey would join Moore, but not why Moore would want Coffey, unless they have a deathwish. The guy seems like the typical sellside spiv who only makes money when his market goes up and immediately blows up when the markets sell off. Thought Moore was smarter than that.

Posted by guest , Nov 03, 2008 10:48AM

2: Yes, emballage perdu. Just plain old "perdu" works too.

Posted by guest , Nov 03, 2008 10:48AM

Are your dollars are belong to us.

-Don Pardus

Posted by guest , Nov 03, 2008 10:48AM

These guys put up a gate on an equity portfolio of midcap stocks (at the time they were midcap stocks, at least) then proceed to hold them for another 60% drop in value. Meanwhile, their pb probably won't let them hedge because they suspended redemptions. Kudos Protege Partners on another brillaint seed investment. Glad to know you guys are still receiving fees on this one. Pathetic.

Posted by guest , Nov 03, 2008 10:49AM

Louis is a big boy and he is trying to replace Kaveh - a very good trader that went to Citadel - if Coffey does not work out he will get whacked shortly.

Posted by guest , Nov 03, 2008 10:51AM

I need performance results for Walton St. Can anyone help? Please...

Posted by guest , Nov 03, 2008 10:51AM

GLG and Moore in same building with open floor plan. New strategy is to get office on higher floor and good set of binoc's....take the other side. I just wonder if Moore has the "three neon words" tack on the wall that GLG has.

Posted by guest , Nov 03, 2008 10:54AM

main issue with Pardus is that at inception of the fund, the guys knew already that would built a book of activist/event driven positions that wouldn't be easy to liquidate in case of redemptions. They gave investors some stupid terms (quarterly redemptions) while the investment horizon was something like 12-18 months in normal market conditions. they should certainly buy "Asset & Liabilities matching for Dummies"...