Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (46793)	6/14/1999 8:46:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

From today's WSJ. Tiger didn't deny the rumors now. They simply said that the speculation about redemptions is "overblown." ----------------- Tiger's Exposure But Tiger has less than 10% of its portfolio in nonequity investments, according to a person familiar with the group, and hasn't faced margin calls, or demands for more collateral, from lenders in recent days. Tiger has sliced its leverage since the fall, according to this person. People familiar with Tiger's operations say the funds are up 0.3% so far this month, leaving them down about 7% for the year. And a spokesman for Tiger said speculation about redemptions was overblown. Meanwhile, a spokesman for Soros Fund Management said the $6.6 billion Quantum Fund was down 19.1% for the year through April 12, but in recent weeks has recovered somewhat, and was down 14.6% for the year through last Wednesday. The spokesman declined to comment on the fund's investments. So-called macro hedge funds, which make directional bets on currencies, bonds and stocks, have been struggling this year. Through May, macro funds were up on average just 1.52%, compared with 9.76% gains for hedge funds overall, according to Hennessee Hedge Fund Advisory Group.