Redemptions

Bob Chapman: He hit a kid with his car, sure, and it’s true I said his behavior can be ‘extraordinarily odd,’ but that doesn’t mean he’s not a masterful steward of capital any one of you would be lucky to have manage your money. Read more »

They redeemed 90 percent of their money because they thought everyone else was going to redeem for that reason. Read more »

  • 09 Sep 2013 at 12:03 PM

Layoffs Watch ’13: Comac Capital

The UK firm’s decision to cut 1/3 of its staff is said to be part of a “strategic” plan to stop losing money. Read more »

Eddie Lampert: Investor-Relations Wiz Kid

Curious about that surge in AutoNation trading volume this week? Well, I’m going to venture a theory, anyway: It may have something to do with ESL Investments’ continuing campaign to teach redeeming shareholders to be careful what they wish for. Read more »

Redemption Watch ’13. Read more »

If anyone was considering redeeming from the fund, just slow down and think things through; you don’t want to wake up in the morning and realize you’ve made the biggest mistake of your life, walking away from all this [gestures to warehouse full of fleece apparel]. Read more »

SAC Capital Advisors will pay out about $660 million next month to investors who had requested withdrawals amid concerns the hedge-fund firm will face mounting legal and regulatory scrutiny, people familiar with the plan said. Clients had until Thursday to inform SAC if they wanted to withdraw money from the Stamford, Conn.-based firm this quarter. The people said investors asked to redeem about $1.7 billion from SAC. The remaining withdrawals will be paid out over the course of 2013, the people said. “As we have been saying, the redemptions will have no significant impact on our funds,” a SAC spokesman said in a statement Friday. [WSJ]