The tech-focused hedge fund apparently just started notifying people this morning, though investors have not been formally told yet. Performance has been “solid” and apparently no explanation has been offered for the shuttering at this time.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
you got a source on this?
STG informed investors two days ago, including the business reasons for the shutting down.
STG informed investors two days ago, including the business reasons for the shutting down.
they use to stress their “information” edge in meetings.
they use to stress their “information” edge in meetings.
ok, and what was the business reason?
ok, and what was the business reason?
ok, and what was the business reason?
ok, and what was the business reason?
Yup. Any other brain busters?
Yup. Any other brain busters?
Word is they had a big redemption and Steve is taking a breather for a while
Word is they had a big redemption and Steve is taking a breather for a while
Word is they had a big redemption and Steve is taking a breather for a while
Word is they had a big redemption and Steve is taking a breather for a while
Word is they had a big redemption and Steve is taking a breather for a while
Word is they had a big redemption and Steve is taking a breather for a while
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
he’s been a pretty solid performer. is the foosball table going to be sold off?
http://www.bloomberg.com/news/2010-09-21/hedge-fund-closure-rate-may-rise-to-20-on-lack-of-capital-merrill-says.html
http://www.bloomberg.com/news/2010-09-20/hedge-funds-have-run-out-of-reasons-to-exist-commentary-by-matthew-lynn.html
http://www.bloomberg.com/news/2010-09-21/hedge-fund-closure-rate-may-rise-to-20-on-lack-of-capital-merrill-says.html
http://www.bloomberg.com/news/2010-09-20/hedge-funds-have-run-out-of-reasons-to-exist-commentary-by-matthew-lynn.html
http://www.bloomberg.com/news/2010-09-21/hedge-fund-closure-rate-may-rise-to-20-on-lack-of-capital-merrill-says.html
http://www.bloomberg.com/news/2010-09-20/hedge-funds-have-run-out-of-reasons-to-exist-commentary-by-matthew-lynn.html
http://www.bloomberg.com/news/2010-09-21/hedge-fund-closure-rate-may-rise-to-20-on-lack-of-capital-merrill-says.html
http://www.bloomberg.com/news/2010-09-20/hedge-funds-have-run-out-of-reasons-to-exist-commentary-by-matthew-lynn.html
“Abruptly Close” to what?
“Abruptly Close” to what?
“Abruptly Close” to what?
“Abruptly Close” to what?
And your source is…?
Considering 95% of what you wrote is completely erroneous!!!
Haha, journalists….if only it was as easy for us to make a buck.
And your source is…?
Considering 95% of what you wrote is completely erroneous!!!
Haha, journalists….if only it was as easy for us to make a buck.
Some thoughts:
- the multiple exclamation points and use of the term ‘haha’ really add a lot of gravitas to your comment.
- rather than the vague “95% of what you wrote,” why don’t you tell me exactly what you believe is erroneous
- it’s adorable that you are under the impression I would give anyone, let alone an anonymous commenter in a public forum, the name/ identifying details of a source. don’t quit your day job, sweet cheeks.
Does it matter?
you’re weirdly fucking defensive. ever read an article about a hf or other company closing? generally a reason is cited; especially if business was going well.
big redemption, dwindling aum, impossible to raise new capital, mentioning “information edge” in marketing meetings starting to raise eyebrows. the commentors are far more accurate than the news writer.
I dismissed these people as idiots, years ago.
Source being current employee, letter, etc. Pretty simple question. Your ‘thoughts’ are irrelevant to the facts. I agree with Phatso.
1. ‘far more’ = wild hyperbole considering two people offered vague theories as to what’s up
2. it’s not really that shocking that dealbreaker, a site read by insiders, has people with intel (‘commentors’); Levin isn’t expected to know every detail of every fund. and i haven’t seen any other outlets report this (though tomorrow bberg and wsj will presumably have stories, having read the one on DB).
1. ‘far more’ = wild hyperbole considering two people offered vague theories as to what’s up
2. it’s not really that shocking that dealbreaker, a site read by insiders, has people with intel (‘commentors’); Levin isn’t expected to know every detail of every fund. and i haven’t seen any other outlets report this (though tomorrow bberg and wsj will presumably have stories, having read the one on DB).
Dearest Zzz,
Are you an idiot or do you just play one in the comments section of Dealbreaker? “current employee,” would be an identifying detail as to who my source is, now wouldn’t it? as I’m not in the business of getting my sources in trouble, but rather, protecting them, that’s not info I give out. Ever read an article that merely quotes sources as being “familiar with the matter”? Same thing happening here.
And it’s not surprising you agree with Phatso, considering you share an email address, IP and so on and so forth.