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TheBlueCat

Another Hedge Fund In Trouble

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Well, this hedge fund is not in trouble ..it says

http://www.reuters.com/article/marketsNews...137140720070801

NEW YORK, Aug 1 (Reuters) - Caxton Associates LLC posted negative returns of nearly 3 percent in July, erasing nearly half its gains for the year, the hedge fund firm told investors in a letter on Wednesday.

Caxton didn't detail how it lost money in its main Caxton Global Investments fund, except to say it was related to equities trading in the $11 billion fund. It said the losses still left it up 3.46 percent for 2007, net of fees, according to the letter that was obtained by Reuters.

It said the losses "are not unusual for us during major market shifts" and added that it sent the letter to reassure investors after "unfounded rumors" appeared on the Internet

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Well, this hedge fund is not in trouble ..it says

http://www.reuters.com/article/marketsNews...137140720070801

Some kind of statistical arbitrage fund I think. Betas go all over the place when the markets move quickly but tend to stabilise once the volatility drops (by definition I guess) - it's funny how that always seem to produce a loss rather than a profit (as it should do 50% of the time in a genuinely market neutral strategy).

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