Redemptions on the way?: The list of hedge funds that sprung major leaks in August keeps getting longer. The carnage includes not only well publicized losses at some of the funds at Tudor, Caxton, and Moore Capital, but also includes Atticus, Third Point, Tontine, GLG, Sloane Robinson and Landsdowne among others:
Continue reading "More big name funds added to the August sucky results list" »
The Wall Street Journal goes through a list of some of the likely winners and losers in the market meltdown:
Continue reading "Searching through the rubble for hedge fund winners" »
And now he gets to play in next month's World Series of Poker in Las Vegas:
Peter Dougherty, 33, an accountant at Chatham, New Jersey- based hedge-fund firm Appaloosa Management LP, took first prize in the No Limit Texas Hold 'Em competition Tuesday at the W Hotel in Midtown. The event, which lasted until almost 1 a.m. yesterday, was the Big Deal tournament benefiting Washington, D.C.-based Hillel: The Foundation for Jewish Campus Life.
Dougherty won a trip to next month's World Series of Poker in Las Vegas, where Einhorn also will compete after paying his own way. Einhorn, 38, founder of Greenlight Capital LLC, placed 18th among more than 8,700 contestants last year. He and Ackman, 41, founder of Pershing Square Capital Management LP, didn't make the top 10 at the Big Deal, and rankings for all 180 players weren't tabulated.
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