Zeev, RE: I am not sure that hedge funds that are organized as limited partnerships and sold only to "high worth" individual need to publicly report at all (they report o their limited partners, but not publicly). I thought that Vinik's new fund is of that kind.
Vinik Capital Management is a large enough money management firm that it must report all his long equity holdings publicly via a 13F form. That form is available for anyone to view. (I just got through checking it. If anyone cares, Vinik's largest long position is about $80mm in AEOS.) His fund is indeed a limited partnership that is marketed only to 'qualified' investors, but that does not change his reporting requirements. The only way he would be able to avoid a 13F would be to have the hedge fund be an offshore fund. In this situation I am not aware of the reporting requirements.
Quantum (Soros), another hedge fund that does not report publicly, has often been the target of "complaints" for leaving other hedge funds with the empty bag in some of his more famous currency "raids".
Soros is one of the 'macro' guys, a very different animal than Vinik. Those guys operate in a very different universe, one that I do not understand at all. Still, the on-shore part of Quantum, Soros Fund Management in New York, is subject to the same reporting regulations as Vinik and all other equity managers. Soros Fund Management has a 13F on file. (BTW, Soros Fund Management didn't own any RMBS at the end of 1Q 99, just so I can keep this post somewhat on topic.) |
