Dec
16
Battered, Apologetic and Still Pitching Their Hedge Funds
By
John A. Paulson is nursing double-digit losses in two of his three funds this year. He is now raising money for two new funds. CreditFred R. Conrad/The New York Times
It has been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape heavy losses, and several among them have made the industry’s list of worst performers. Some lost so much of their investors’ money this year that they have written apology letters.
Yet even in this most humbling of years, some of these same hedge funds are soliciting investors for more money and marketing new funds that promise bigger and better opportunities…
Battered, Apologetic and Still Pitching Their Hedge Funds
