After a tussle (i.e. lawsuit) with one of her largest investors, Meredith Whitney has decided she's had it with this entire industry and is packing up her things and leaving. And if you thought she might call or write, think again. She has nothing good to say about running a hedge fund and would more or less like to forget it ever happened.
Meredith Whitney, who turned fame as a banking analyst into a stint running her own hedge fund, is through with managing other people’s money. “I think that chapter of my life is over,” she said in an interview with Fox Business on Wednesday. “This whole experience has been highly unfortunate and I’m putting it behind me.” [...] “At the end of May I returned money to every single investor,” she said in the Fox interview.
Luckily, she's got a fallback: the gig that earned her the nickname Dollar Dominatrix.
Whitney is now focused on analyzing financial stocks, including the company that made her famous. “Citi’s interesting,” she said.
Be afraid, Mike Corbat. BE VERY AFRAID.