Tags: babies, Citadel, E*Trade, Ken Griffin, letters
After a good first half, Citadel is getting so close to its high-water mark that Ken Griffin is starting to reminisce about the good old days when he used to earn performance fees. That in turn reminds him of what else he was up to back in those care-free pre-crash times, like sinking $2.5 billion into an online brokerage saddled with a disastrous mortgage lending operation in November 2007.
And so today he decided to catch up with E*Trade Financial, where he’s the largest shareholder after leading a rescue in 2007. But what started as a nice note to the CEO quickly turned ugly.
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Tags: before Google buys you rips you apart and turns you into their hardware division, Blackberry, clean up your act, I have never been more displeased with a device, I no longer want to support a poorly run and immature company, I wish you best of luck, Jobs: not trendy? how dare you, letters, quote evolutionary smart phone unquote, reluctantly and without pleasure, RIM, waited tolerantly
According to the 3,000 word email written by the ex-customer, RIM can kiss his $120/month good-bye. Read more »
Tags: Hedge Funds, John Paulson, letters, Paulson and Co, people who aren't ready to quit Sino-Forest, Sino-Forest, trees or lack thereof
Not really enough to get upset or even mildly perturbed over, though in a letter to investors today re: the Chinese company, Paulson did note that “as the largest investors in the Paulson Advantage strategy,” the disappointment in the lack of trees is shared by the Paulson partners. Read more »
Tags: Chuck Grassley, insider trading or lack thereof, letters, SAC Capital, Steve Cohen
The senator wants to be kept in the loop re any ‘suspicious trading’ at SAC Capital (he doesn’t know of any, but in case anything comes up in the files) and also has questions just generally about what life is like there. Read more »
Tags: Dennis Gartman, earthquakes, Japan, letters, tsunamis, we were laughed at
When discussing the horrible tragedy this afternoon, please, remember to give Gartman credit. Here’s what he wrote in a note today: Read more »
Tags: Christian Siva-Jothy, Goldman Sachs alums, hedge fund managers, I'm happy to offer my letter writing services, letters, SemperMacro Fund
In a letter sent this week, hedge fund manager (and former co-head of proprietary currency trading at Goldman Sachs) Christian Siva-Jothy informed investors that he would be shutting down his firm, SemperMacro, due to poor performance (the fund is down 2.3 percent year to date, and lost 8.7 percent in 2010 and 27 percent in 2009). He also made some truly disturbing statements. Read more »