Aug
24
A Stock Market Rout in a Month That Hedge Funds Would Sooner Forget
By
Leon Cooperman, founder of the $9 billion hedge fund Omega Advisors. The fund was said to have lost 11 percent this month. CreditHeidi Gutman/CNBC
From his getaway cabin deep in the woods, an experienced adviser to wealthy hedge fund investors was hopping from one conference call to another to manage clients’ mounting anxiety.
Similarly, a broker
described how he had interrupted his vacation to respond to the needs of his nervous clients. And a multibillion-dollar hedge fund said numerous investors had requested play-by-play commentary and performance figures…
A Stock Market Rout in a Month That Hedge Funds Would Sooner Forget
