Reuters- Hedge fund investors will soon see just how bad the month of July really was when thousands of managers report performance data, and industry experts are warning disasters may loom where people least expect them.
“The numbers are going to be all over the place,” said Jack Yang, a partner at $40 billion hedge fund Highland Capital, which specializes in fixed income strategies.
Highland hastily assured investors that all is well with its bets after people confused the fund’s name with a similarly titled separate fund and rumors of heavy losses surfaced.
Talk that Bruce Kovner’s Caxton Associates was on the brink of blowing up had to be extinguished with a rare public letter that acknowledged small losses in July but stressed the firm is still in the black.
