Tom Hudson May Be Forced To Make Own Trips To PetSmart

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Our resident Pirate mole informs us that Tom Hudson has suspended redemptions following a 4% decline in August, and let two of his last remaining employees go (apparently “his best analyst” and “his”—apparently only—“trader”). This probably has little to do with the current state of the market, and is more so symptomatic of what happens when your hedge fund is run by a guy who spends his days printing up free t-shirts (in place of persuasive arguments) to give out during proxy battles, and dispatches interns to a PetSmart to buy minnows for bigger fish to devour in front of a staff busy not executing trades. On the bright side, Michael Bolton’s progeny is still with the firm.

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