Dawson-Herman Capital Management is shutting down its once high flying Southport Millennium hedge fund. Word from inside is that friction is mounting between co-founders John Dawson and Russell Herman over last year’s performance, and traders have flooded the street with resumes in the last few days. It’s unclear at this time if John or Russell (AKA “Russ”) will stay with the firm. In its heyday Southport Millennium logged an AUM of over one billion but what’s currently left in the coffers is unknown.
Dawson-Herman was started in 1981 and lays claim to grooming the SEC’s favorite insider trader Art Samberg. DHCM runs a long-short equity strategy with $4 billion of assets out of CT and NYC.
Dawson-Herman did not return calls for comment.
Here Are Some Thoughts On Men And Wall Street
Jerk Running Ferry To Fire Island Not Up On The Celebs Of Financial Reform
Greg,
You can’t just call yourself Teri to avoid harassment.
@1 Nah, this can’t be Greg. This was actually comprehensible.
you fools Buhl has reported on hedge funds for Trader Monthly and the New York Post. She’s as real as u get and always has cool inside news.
Any one know what these guys lagging returns are this year?
Since when is a 1 bil AUM fund considered high flying?
To whom it may concern
Thank you, whoever you are, for taking the time to edit this post a little.
Sincerely
~~~~
I’m 87% long Teri Buhl and 57% short Greg Michaels
-Comfortably Smug
bang up job keeping this post under three thousand words
Isn’t Buhl the CityFile reporter who was completely wrong about Jim Dolan axing the Rocketts and is now being sued by Cablevision??
What WAS last year’s performance?
The June 30 13F is down to 59 entries and $410,634 from 84 and $833,275 on March 31, not that this necessarily means anything (it looks like all the stocks they held realized gains).
Buhl is the dude that wrote about WFC being a short / ready to implode. Kudos.
@6 – but that’s more than 100%. Your math must be wrong.
– Yahoo Finance Guru
I continue to think Teri Buhl is a pseudonym. It is way too similar to how Charles Barkley says “Terrible” to be a coincidence. No one would name their kid Teri with a last name like Buhl.
Than again, I wouldn’t have thought someone with the last name Trickle would name their kid Dick, so I could be wrong here too.
@12 You knuckohead
-Chuck
@13 Don’t be like a baby..
-Yao
@12 and @13 shut up shut up shut UP, i’ve got 3 bookies on the phone and they’re threatening my legs
- MJ
It was nice to see the NY Times write that Dealbreaker broke this news on its Dealbook blog. Keep it up TB and Bess. I appreciate the original reporting you guys put out.
http://dealbook.blogs.nytimes.com/2009/08/17/hedge-managers-split-over-strategy/
John
By the way Teri’s last name is pronounced ‘buell’ like Buell Motorcycles not ‘bull’.