{"id":8775,"date":"2008-10-06T00:00:00","date_gmt":"2008-10-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goodwood-adds-to-hedge-fund-red-ink","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/goodwood-adds-to-hedge-fund-red-ink.html","title":{"rendered":"Goodwood adds to hedge fund red ink"},"content":{"rendered":"<p>Globe and Mail &#8211; Goodwood Inc., a value-oriented manager, briefed investors Thursday on a dismal September. There&#8217;s a lot of these letters going out from hedge fund managers. Goodwood&#8217;s funds were down 16 per cent last month, bringing the year-to-date loss to 32 per cent. Year-to-date, the S&amp;P\/TSX benchmark is down 13 per cent.<\/p>\n<p>Goodwood executives Peter Puccetti and Cam MacDonald used their September letter to unitholders to explain the madness of markets, and plead for patience and perspective. They certainly deserve a hearing. But investors who bought into hedge funds on the basis of absolute returns &#8211; making money in good markets and bad &#8211; are going to struggle with these pleas.<\/p>\n<p>&ldquo;We have seen many well-known investment management operations badly harmed as a result of their leverage exacerbating the effects of the ongoing credit crunch and deleveraging we are currently living through,&rdquo; said Goodwood&#8217;s team.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20081002.WBstreetwise20081002091826\/BNStory\/WBstreetwise\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; Goodwood Inc., a value-oriented manager, briefed investors Thursday on a dismal September. There&#8217;s a lot of these letters going out from hedge fund managers. Goodwood&#8217;s funds were down 16 per cent last month, bringing the year-to-date [&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":[87,3017,1558,3018,693,197,80,3019,2445,83,81,1372,2637,923,516],"class_list":["post-8775","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-angela-merkel","tag-asia-pacific","tag-codex","tag-fifth-avenue","tag-good-managers","tag-housing-market","tag-inception","tag-jail-time","tag-mantra","tag-medallion","tag-newcastle","tag-rjr-nabisco","tag-seligman","tag-squeeze","tag-stage-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8775","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=8775"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8775\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}