Where’s The Risk Management?
Source: http://alphatrends.blogspot.com/2008/09/wheres-risk-management.htmlPosted on Friday, September 5th, 2008 | In Technical Analysis Videos
Atticus shrugs off liquidation rumors. Giant hedge fund Atticus Capital, with $14B under management, denies rampant speculation it may have to sell its positions and close down. Its two main funds have lost 25% and 32% this year, and investors are jittery after this week’s news that Ospraie Management is closing its largest fund after substantial losses. The rumors helped fuel Thursday’s heavy market losses, as other hedge funds sold positions in stocks that Atticus may be forced to liquidate if it closes its fund, including Union Pacific (UNP), down 6%, and MasterCard (MA), down 5.9%. Founder Tim Barakett said “we’ve heard these rumors as well and they’re not true… In fact we have a large net cash position and are looking for opportunities to invest capital.”
DEFENSE WINS THE GAME!!
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 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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