{"id":11279,"date":"2009-08-18T00:00:00","date_gmt":"2009-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-managers-split-over-strategy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/hedge-fund-managers-split-over-strategy.html","title":{"rendered":"Hedge Fund Managers Split Over Strategy"},"content":{"rendered":"<p>New York Times &#8211; Russell Herman, the chief executive of the hedge fund firm <strong>Dawson-Herman Capital Management<\/strong>, is the latest manager to shutter his fund after heavy losses last year and differences with the firm&rsquo;s founder, Jonathan Dawson.<\/p>\n<p>Mr. Herman told clients in a letter last week that he was shutting the Southport Millennium Funds and returning capital to investors. The move was first reported by <span class=\"tickerized\">Dealbreaker.com<\/span> on Friday. The firm currently has about $902 million of capital under management after reaching a height of $3.2 billion at the beginning of 2008. <\/p>\n<p> Like many in the hedge fund industry, Dawson-Herman suffered big losses last year. The main Southport fund was down more than 35 percent and has failed to make up for the losses this year. &ldquo;We have not been able to build the portfolios with high conviction ideas and themes to the degree that is satisfactory to me and in line with our historical standards,&rdquo; Mr. Herman said in the letter.<a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=\"><\/a><\/p>\n<p><a href=\"http:\/\/dealbook.blogs.nytimes.com\/2009\/08\/17\/hedge-managers-split-over-strategy\/\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; Russell Herman, the chief executive of the hedge fund firm Dawson-Herman Capital Management, is the latest manager to shutter his fund after heavy losses last year and differences with the firm&rsquo;s founder, Jonathan Dawson. Mr. Herman [&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":[1913,67,1067,4586,11148,4504,1713,15374,3986,4291,5987,15375,15377,15376],"class_list":["post-11279","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-capital-management","tag-chief-executive","tag-conviction","tag-heavy-losses","tag-hedge-fund","tag-investors","tag-jonathan","tag-jonathan-dawson","tag-millennium","tag-new-york-times","tag-portfolios","tag-russell-herman","tag-shutter","tag-southport"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11279","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=11279"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11279\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}