Mad as hell and Icahn take it any more

 

 

“Independence is for the very few; it is a privilege of the strong.”

 

-       Friedrich Nietzsche.

 

There has been much chatter among the financial chatterati about Carl Icahn’s recent decision to hand back capital to investors in his funds. Since he’s apparently keeping some $5 billion of his own money invested, this doesn’t appear to amount to a closure as such, rather a polite de-emphasis of third party client capital. Here is what he wrote to his limited partners:

“While it may sound “corny” to some, the losses that were incurred by investors in our funds in 2008 bothered me a great deal more, in many respects, than my own losses. Perhaps this is because over the years I have become inured to dealing with large “paper” losses for myself. During 2008 and part of 2009, unlike many other funds, we did not impose “gates” on our investors that would have prevented them from withdrawing capital from our funds if they chose to do so. Therefore investors seeking liquidity did withdraw a fair amount of cash from our funds. Additionally, rather than liquidating positions that we believed in, we infused our own new capital into our funds which provided cash for withdrawing investors. As a result, fee paying assets now constitute only 25% ($1.76 billion) of total assets in the funds of approximately $7 billion.

“While we are not forecasting renewed market dislocation, this possibility cannot be dismissed. Given the rapid market run-up over the past two years and our ongoing concerns about the economic outlook, and recent political tensions in the Middle East, I do not wish to be responsible to limited partners through another possible market crisis. After careful consideration of all relevant factors, we have determined to return all fee paying capital to investors.”

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Comments

[book of ra downloaden]

Also ich bin mir sicher dies war eh nur eine Mode

[Samstagslottozahlen]

Theoretisch eine super Sache, ich bin mir nicht sicher, ob das dauerhaft machbar ist!

[novoline]

Da fragt man sich beim Lesen von thepriceofeverything.typepad.com ja schon, ob man nicht irgendwie bescheuert ist. Herzlichen Dank für eure Erklärungen

[Spielautomaten Tricks]

Wirklich ein guter Beitrag. Ich sollte thepriceofeverything.typepad.com mehr lesen :)

[Spielautomaten Tricks]

Also ich glaube das ist lediglich eine Mode

[Marco]

true, its only gettig tougher to live, and now with the new debt crisis, what will be the outcome for the man in the street

[coupons]

Ich kann wirklich sagen , dass ich nie so viel gelesen nützliche Informationen über Mad as hell and Icahn take it any more - The price of everything. Ich möchte meinen Dank an den Webmaster der ausdrücklichen thepriceofeverything.typepad.com.

[facebook login]

Nizza Post über Mad as hell and Icahn take it any more - The price of everything. Ich bin sehr zufrieden mit der Zeit und Mühe, die Sie in das Schreiben dieser Geschichte gesetzt haben beeindruckt. Ich gebe dir einen Link auf meine Social Media -Blog. All the best !

[American poker]

Wahnsinn dass das wirklich funktionieren kann :-)

[Genf20plus]

Ich merke jetzt in diesem Moment, dass ich thepriceofeverything.typepad.com deutlich ofter besuchen musste :) - da kommt man wirklich auf Ideen