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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (106472)	8/4/2008 1:06:46 PM
From: Kayaker	Respond to of 206325

The poor performance of Hedge Funds this year and now the July performance reports are perhaps causing some panic redemptions. ------------ Hedge Funds May Have Fallen in July Most Since 2002, WSJ Says By Joseph Galante Aug. 3 (Bloomberg) -- Hedge funds are expected to announce their returns fell 2.8 percent last month, the worst performance since July 2002, the Wall Street Journal reported, citing Chicago-based Hedge Fund Research.... bloomberg.com ==================== New York Hedge Funds Need Quick Turnaround August 4th, 2008 New York (HedgeCo.Net) - New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post. Prominent hedge funds are still trying to recover from the credit crunch and unless they see a turnaround soon, 2008 could be the first year that hedge funds as a whole lose money since 2000. Big time fund Appaloosa, who manages about $4 billion, is down almost 18 percent this year, compared to returns of 8 percent and almost 25 percent in ‘07 and ‘06 respectively. Cantillion Capital Management, another monster fund that has $2 billion tied up, is closing in on 20 percent when it comes to losses this year. And the $10 billion Tontine Associates isn’t faring so well either.... hedgeco.net

To: tom pope who wrote (106472)	8/4/2008 1:12:03 PM
From: Gold Beach	Read Replies (1) \| Respond to of 206325

CNBC--hedge funds As I recall, they said the end result was a big dump of oil stocks on the market today. I was walking by the TV and only caught part of the conversation. I still don't see a big volume drop in CNQ, SU and other larger Canadian oil stocks--nor for that matter XOM. Seems like a steady down over the past weeks. For every $4 down on oil, CNQ drops over $6. Where will CNQ be if oil hits $80?