Well.. I see my pink slip coming

D

demoship

My hedge fund has lost about a third of NAV.. I don't know if the investors were told yet. It sucks, big time, especially since the job market is contracting right now..

I don't know the management's plans yet, whether they're in the process of liquidating or what not. All I know is we're down big, and lost around a third of capital, and I heard about enough hedge funds liquidating after 25 - 35% losses to have legitimate concern about the fund blowing up.
 
sorry to hear, at least its during a time when its not a rare occurrence. What type of strategy did the fund employ?
 
Relative Value & Macro.

Relative Value is off ~ 1/3, and our biggest funds.

Macro is off like 15%, but those funds are a very small part of our business.
 
Well, the Nasdaq is 25% off its high, so it isn't unexpected that a risk-taking hedge fund might be down by a third. If your fund isn't advertised as low volatility I would think your investors would understand.
 
Quote from demoship:

My hedge fund has lost about a third of NAV.. I don't know if the investors were told yet. It sucks, big time, especially since the job market is contracting right now..

I don't know the management's plans yet, whether they're in the process of liquidating or what not. All I know is we're down big, and lost around a third of capital, and I heard about enough hedge funds liquidating after 25 - 35% losses to have legitimate concern about the fund blowing up.
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Are you responsible, partially or wholly, for the loss? It seems you have spent your time at the wrong place. ET is for day traders, hedge funds use long-term strategies.
 
Quote from empee:

sorry to hear, at least its during a time when its not a rare occurrence. What type of strategy did the fund employ?
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Usual strategy is to freeze withdrawals.
 
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