http://www.reuters.com/article/fundsFundsNews/idUSN1033644420080410 ------------------------------------snip Platinum Grove Asset Management, the $5.8 billion hedge fund group headed by financial luminary Myron Scholes, last month suffered its worst performance since inception amid turbulence in fixed income markets, the firm told investors this week.
Platinum Grove, which the Nobel Prize-winning Scholes founded in 2000 with other alumni from defunct hedge fund Long-Term Capital Management (LTCM), suffered an 11.37 percent drop for its domestic fund and 10.72 percent for its offshore sister fund, according to a letter the fund sent to investors on April 7. [...] The market turmoil also slammed hedge funds with similar fixed income strategies, such as JWM Partners' flagship Relative Value Opportunity fund, a $1.6 billion hedge fund founded by John W. Meriwether, another LTCM alumnus. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
