{"id":10712,"date":"2009-06-01T00:00:00","date_gmt":"2009-06-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-face-serious-trimming","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/hedge-funds-face-serious-trimming.html","title":{"rendered":"Hedge funds face serious trimming"},"content":{"rendered":"<p class=\"1\">Crain &#8211; For years, Dan Loeb was the hedge fund world&#8217;s hanging judge, firing off blistering letters to hapless chief executives that condemned them for their shortcomings.<\/p>\n<p>&ldquo;Do what you do best,&rdquo; he hissed in a 2005 letter to a soon-to-be-gone CEO. &ldquo;Retreat to your waterfront mansion in the Hamptons. &#8230; The matter of repairing the mess you have created should be left to professional management.&rdquo;<\/p>\n<p>How times change. After years of posting average gains of 27%, Mr. Loeb&#8217;s Third Point hedge fund crashed to earth last year with a shattering 33% loss. In response, many investors grabbed their money and ran, driving assets under management to less than $2 billion from more than $5 billion previously. Now it&#8217;s Mr. Loeb who&#8217;s left to clean things up&mdash;or face oceanfront exile.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.crainsnewyork.com\/article\/20090531\/FREE\/305319992\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crain &#8211; For years, Dan Loeb was the hedge fund world&#8217;s hanging judge, firing off blistering letters to hapless chief executives that condemned them for their shortcomings. &ldquo;Do what you do best,&rdquo; he hissed in a 2005 letter to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1007,1563,3832,12414,12411,5533,12416,1172,12412,11148,4504,5289,48,12413,12415,12410],"class_list":["post-10712","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets-under-management","tag-ceo","tag-chief-executives","tag-crain","tag-dan-loeb","tag-earth","tag-exile","tag-hamptons","tag-hanging-judge","tag-hedge-fund","tag-investors","tag-mdash","tag-money","tag-professional-management","tag-shortcomings","tag-waterfront-mansion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10712"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10712\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}