{"id":11237,"date":"2009-08-12T00:00:00","date_gmt":"2009-08-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gendells-new-tontine-hedge-fund-off-to-strong-start","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/gendells-new-tontine-hedge-fund-off-to-strong-start.html","title":{"rendered":"Gendell&#8217;s New Tontine Hedge Fund Off To Strong Start"},"content":{"rendered":"<p> Wall Street Journal &#8211; Jeffrey Gendell&#8217;s new hedge fund returned more than 25% during its first quarter, as bets on energy and a steady economic recovery paid off, according to a letter the manager sent recently to investors. <\/p>\n<p> Gendell, who suffered big losses last year and is still winding down some old hedge funds, also criticized some of President Barack Obama&#8217;s policies and argued that political &#8221;gridlock&#8221; could help equity markets in 2010. <\/p>\n<p> The manager opened the new Tontine Total Return Fund in April after some of Tontine&#8217;s other funds lost more than 60% last year. The new fund, which focuses on more liquid, or easily tradable, securities, returned 25.3% in its first quarter after management fees, Gendell said in a July 20 letter to investors. <\/p>\n<p> <a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20090811-713315.html\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street Journal &#8211; Jeffrey Gendell&#8217;s new hedge fund returned more than 25% during its first quarter, as bets on energy and a steady economic recovery paid off, according to a letter the manager sent recently to investors. Gendell, who [&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":[4482,82,5118,4589,11148,11708,4504,3671,129,5173,15185,4464,2750],"class_list":["post-11237","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-barack-obama","tag-bets","tag-economic-recovery","tag-first-quarter","tag-hedge-fund","tag-hedge-funds","tag-investors","tag-jeffrey-gendell","tag-losses","tag-management-fees","tag-political-gridlock","tag-wall-street","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11237","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=11237"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11237\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}