We’ve all seen the horrendous price action in hedge fund favorites: SUNE, VRX, MNK, CNX and have maliciously paraded William Albert Ackman around these halls as the billionaire gone awry, clamoring for revenge in a world that is simply working against him.
Well, this morning, the billion dollar Goldman research wizards have confirmed what we already knew: hedge fund hotels are doing really, really bad.
You don’t say?
“The poor performance of favorite long positions has weighed on aggregate hedge fund returns, which entered negative territory during the market correction in August and have yet to recover,” Goldman said in the note
It’s a serious comeuppance, one that can have lasting effects on stocks prices, as these giant asset managers try to salvage their horrendously spiraling lower funds.
The worst since 2008. That’s quite a statement.
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The picture of Einhorn gets me laughing every time.
haha I win in VRX a fourth time….
KBIO halted up 151% hehe
Out of it’s mind. Long with some pocket change for fun.