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发表于 2009-6-3 08:20 AM
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Can someone help me do the math here? With total 1.3 billion from two funds, with 500B and 800B each?
Also, flat performance for the year is not that bad, and definitely is not a reason for closing.
The information is not convining. But I do think this rally with end when several bear funds go belly up.
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A pair of unrelated Boston-based hedge funds managing a total of more than $1.3 billion separately told investors Tuesday they're shutting down and returning investor cash because of recent disappointing performance.
Noble Partners' George Noble told investors in his $550 billion Gyrfalcon QP and Offshore Funds that "my performance over the past several months of 2009 has been the most professionally disappointing and personally frustrating" of his nearly 30-year career.
James Pallotta, who heads the $800 billion Raptor Funds, told investors in a letter that his firm has returned an average of nearly 13.9 percent per year since the funds' inception in October 1993 through the end of last month. That compares with a 6.5 percent return over that period for the Standard & Poor's 500 index.
But the funds' performance this year has been "roughly flat," he said. |
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