More on Tiger Hedge Fund rumors ...
... We have just received word from a reliable source that the renowned hedge fund, Tiger, is in deep, deep trouble and in even worse shape that we have been reporting to you.
The latest news is they are about to be hit with a $6 billion dollar redemption. At best, that will mean their capital base will have dropped from $22 billion to $6 billion - and perhaps it could be lower. In addition we have been told that 50% the staff has left.
If true, and our source is impeccable, it can explain why the swamp spreads are at such high levels - which indicates that there is tremendous stress in the credit system.
It explains why there is do much talk ( even in the Wall Street Journal ) about Goldman Sachs, Chase and other banks having some big problems.
Today, the bank index is tanking and is down 2% at the moment. The index broke 800 and is down 16 points on the day. It explains why financial stocks are reeling ...
exchange2000.com
Remember last year, during that LTCM fiasco? ...
NEW YORK (CNNfn) October 12, 1998 - Five days after suffering his largest one-day loss ever, Tiger hedge fund manager Julian Robertson Jr. on Monday applauded the U.S. Federal Reserve for acting swiftly to rescue a troubled rival and predicted a bright future for hedge funds once the current tempest subsides ...
cnnfn.com
LONDON (CNNfn) - November 2, 1998 - Tiger Management lost $5.5 billion in September and October, sending the hedge fund managed by Julian Robertson Jr. spinning into the red for the year ...
cnnfn.com
If true, what's FED gonna do this time? Lower interest rates again like they did last fall? What other tricks can they pull out of the hat this time? What's left?
House of cards ...
Shoot. Should have shorted those banks stocks last week when I was thinking about it.
Cheryl |
