{"id":8818,"date":"2008-10-10T00:00:00","date_gmt":"2008-10-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-learn-to-say-sorry","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-learn-to-say-sorry.html","title":{"rendered":"Hedge Funds Learn To Say &#8216;Sorry&#8217;"},"content":{"rendered":"<p>Forbes &#8211; It&#8217;s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds&nbsp;in recent years are apologizing for their dismal showing.<\/p>\n<p>&quot;The last quarter has been abysmal,&quot; wrote TPG-Axon Capital Manager Dinakar Singh, highlighting the sentence in bold and underlining the word abysmal. &quot;And we are sorry to have let you down with the terrible performance of the portfolio.&quot; TPG-Axon is down about 20% through September, say market players. A spokesman declined to comment. <\/p>\n<p>Greenlight Capital, well-known for its long-time bearish position on <strong>Lehman Brothers, <\/strong>acknowledged to investors that &quot;we made some mistakes. &#8230; In hindsight, our suggestion from last quarter&#8217;s letter to go to cash and go to the beach would have been the better option.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.forbes.com\/business\/2008\/10\/03\/hedge-funds-tpg-greenlight-biz-wall-cz_ar_1003apologies.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; It&#8217;s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds&nbsp;in recent years are apologizing for their dismal showing. &quot;The last quarter has been abysmal,&quot; wrote TPG-Axon Capital Manager [&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":[526,707,96,1037,83,3105,3106],"class_list":["post-8818","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-contention","tag-december-31","tag-lehman-brothers-holdings","tag-mainstream","tag-medallion","tag-natural-evolution","tag-ties"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8818","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=8818"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8818\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}