Skip to main content

Is Sailfish Sinking?

  • Author:
  • Updated:

Sailfish Capital Partners is blowing up, according to the hedge fund experts at FinAlternatives. Yesterday the traders at the Stamford based fund were ordered to begin liquidating its entire portfolio as quickly as possible.
The trouble began when the two partners, Mark Fishman and Sal Naro, got into a shouting match yesterday. At the conclusion of the argument, they ordered the traders to start reeling in their positions.
“They told everyone to start selling their positions, to liquidate,” a source tells FinAlt. “It’s basically blowing up. Everyone is sending out their resumes. They want out. It’s basically mayhem.”
A spokesman for Sailfish dismissed the notion that there was a fight, describing the event as a “discussion.”
Redemptions are due tomorrow, and many investors are reportedly taking advantage of this date to pull their money. The fund saw major redemptions in October. It has been plagued by rumors of an implosion and employee dissatisfaction for several weeks.
Traders At Hedge Fund Sailfish Ordered To Liquidate Positions [FinAlternatives]