{"id":9095,"date":"2008-11-11T00:00:00","date_gmt":"2008-11-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"turtle-hedge-fund-to-restructure-after-losses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/turtle-hedge-fund-to-restructure-after-losses.html","title":{"rendered":"Turtle hedge fund to restructure after losses"},"content":{"rendered":"<p>Reuters &#8211; The Turtle Fund, an $80 million Swiss-based hedge fund trading volatility, has stopped trading and will let investors exit after sharp losses, following a disagreement between the fund&#8217;s managers. In a note to investors, seen by Reuters, the fund said it lost 8.7 percent in September and 14 percent in October &#8212; its worst-ever monthly performance. <\/p>\n<p>That took year-to-date returns, which had been in positive territory, to around a 13 percent loss.<\/p>\n<p>On October 10 alone, there was a 14-percent loss, which the note said was caused by a &quot;disagreement within the team concerning the hedging strategy.&quot;<\/p>\n<p>&quot;Our third partner &#8230; by virtue of his majority stake in the company revoked our trading authority and liquidated all existing positions at the &#8230; worst possible moment, arguing to protect his clients from further losses,&quot; it said.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/ousiv\/idUSTRE4A34GP20081104?rpc=77\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; The Turtle Fund, an $80 million Swiss-based hedge fund trading volatility, has stopped trading and will let investors exit after sharp losses, following a disagreement between the fund&#8217;s managers. In a note to investors, seen by Reuters, the [&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":[1696,779,117,1375,83,417,236],"class_list":["post-9095","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-friends-provident","tag-government-debt","tag-investment-arm","tag-materials-companies","tag-medallion","tag-staffers","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9095","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=9095"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9095\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}