:) On Thu, Aug 11, 2011 at 11:45 AM, positif01 <[email protected]> wrote:
> ** > > > Jawara krisis finansial 2008 yang ketika itu hanyalah hedge fund manager > kecil yang nyaris tidak dikenal, John Paulson yang mampu meraup $15 miliar > atau setara Rp150 triliun lebih saat itu, kini juga tidak lepas dari jeratan > kerugian masif atas nilai aset hedge fund di bawah kelolaannya. Advantage > Fund dengan AUM $17 miliar sudah menderita kerugian antara 10-11% sejak awal > Agustus. Sementara Advantage Plus Fund sudah merosot 31% sejak awal tahun > dan menderita kerugian sama besarnya pada bulan Agustus saja sebagaimana > Advantage Fund. > > Barton Biggs, who last week called U.S. equities a “strong buy,” said he > cut risk in his Traxis Partners LP hedge fund. “I’ve taken some risk > off, and I hate to do it, I think it’s probably the wrong thing to be > doing,” Biggs, who helps manage $1.4 billion as managing partner and > co-founder of Traxis, said in a Bloomberg Television interview. “But I’m a > fiduciary to a certain extent, and I’ve got to protect my capital.” > > Even Cohen, one of the industry's titans, hasn't escaped the global > sell-off — his $14 billion SAC Capital is down 4 percent this month. Still > after SAC's poor start to the year, the fund is still in the black with a > roughly 6 percent gain this year. > > Just the same, few big fund managers are rejoicing. Indeed, Bill Ackman and > David Einhorn, already nursing losses in their funds through July, likely > got hit hard when financial stocks and nearly everything else tumbled, > people familiar with the numbers said. For instance, Ackman's Pershing > Square Capital Management, which was down 4.2 percent at the end of July, > likely is feeling more pain because some of the activist investor's biggest > holdings have been getting crushed in August. > > But it's not just poor performance that worries investors. Another concern > is redemptions and whether managers will be forced to sell shares to raise > cash to pay fleeing investors. > > With the deadline for submitting end-of-third-quarter redemptions fast > approaching, some investors say they are readying a run toward the exits. > Brad Balter, managing partner of Balter Capital Management, says some > investors are putting in redemption notices to protect themselves in case > the numbers get worse. > > '+' > >
