Sept. 10, 2007 (LPAC)--The Financial Crimes of London reports on the list of hemoragghing hedge funds. The one-month (August) losses for these pirates ranged from 4-10%. The profit losses have "many of the biggest hedge funds in the world telling investors they have lost money for the year". Do not mourn...rather, celebrate the demise of the following awful hedge funds:
The biggest loser reported was Atticus, a New York "activist and financial specialist" outfit which saw two of its funds, combined, lost 10% in August.
Raptor, a hedge fund belonging to Tudor Investment Corp., was down 5.6% for the month and down 9% for the year so far.
Caxton's $11 billion flagship fund was down 4.8% in August (1.5% for the year).
Tewksbury's $3 billion investment fund fell 8% in the month.