Comments on: Sowood Capital Management bites the dust http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/ Beauty is in the eye of the shareholder Fri, 21 Nov 2008 18:42:53 +0000 http://wordpress.org/?v=2.6.1 By: Ugly http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31551 Ugly Wed, 01 Aug 2007 04:07:25 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31551 Born2Code: nevermind, I have found information about Solengo Capital Advisors - thanks. Born2Code: nevermind, I have found information about Solengo Capital Advisors - thanks.

]]> By: Ugly http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31550 Ugly Wed, 01 Aug 2007 03:59:51 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31550 sorry, I meant 11th largest hedge fund sorry, I meant 11th largest hedge fund

]]> By: Ugly http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31549 Ugly Wed, 01 Aug 2007 03:58:54 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31549 john: yes, it's interesting that the way it is set up it really pays off to take such large risks. Something doesn't seem right about it. Babak: not a vulture but a <a href="http://en.wikipedia.org/wiki/White_knight_%28business%29" rel="nofollow">white knight</a>. They are actually <a href="http://en.wikipedia.org/wiki/Citadel_Investment_Group" rel="nofollow">the 8th largest hedge fund in the world</a>. Born2Code: really? do you have a link that I could read about it? thanks john: yes, it’s interesting that the way it is set up it really pays off to take such large risks. Something doesn’t seem right about it.
Babak: not a vulture but a white knight. They are actually the 8th largest hedge fund in the world.
Born2Code: really? do you have a link that I could read about it? thanks

]]> By: Born2Code http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31543 Born2Code Wed, 01 Aug 2007 02:55:54 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31543 it is all about OPM. and then they get taxed as cap gains on their fees... by the way, the dude from Amaranth already started another hedge fund, with much higher fee structure than Amaranth's... it is all about OPM. and then they get taxed as cap gains on their fees…
by the way, the dude from Amaranth already started another hedge fund, with much higher fee structure than Amaranth’s…

]]> By: Babak http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31514 Babak Wed, 01 Aug 2007 01:24:54 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31514 No stop loss would work in that situation, it might actually exacerbate it, which is why they stood pat and watched their capital melt. The first and only mistake was going into a position you can't easily exit. Who's Citadel? A vulture hedge fund? No stop loss would work in that situation, it might actually exacerbate it, which is why they stood pat and watched their capital melt. The first and only mistake was going into a position you can’t easily exit.
Who’s Citadel? A vulture hedge fund?

]]> By: James http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31496 James Tue, 31 Jul 2007 23:22:49 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31496 I too am amazed that someone could piss away that amount of capital and still call themselves a professional. Have they never heard of stop losses to protect themselves? We are talking about losing 1.5 BILLION dollars in a few weeks! What planet are they trading on? I too am amazed that someone could piss away that amount of capital and still call themselves a professional. Have they never heard of stop losses to protect themselves? We are talking about losing 1.5 BILLION dollars in a few weeks! What planet are they trading on?

]]> By: john http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31486 john Tue, 31 Jul 2007 21:58:59 +0000 http://www.uglychart.com/2007/07/31/sowood-capital-management-bites-the-dust/#comment-31486 imo managers take larger risk with other people's money...the downside is limited, but the rewards can be huge if they get it right...i'm sure most of these guys wouldn't be as reckless with their own funds i wouldn't be surprised if he manages money again in the near future...he wouldn't be the 1st to blowup, and start up another fund imo managers take larger risk with other people’s money…the downside is limited, but the rewards can be huge if they get it right…i’m sure most of these guys wouldn’t be as reckless with their own funds

i wouldn’t be surprised if he manages money again in the near future…he wouldn’t be the 1st to blowup, and start up another fund

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