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Message Subject Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Poster Handle Anonymous Coward
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Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors


Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”
 Quoting: Baltar


THis was just repported on CNBC.
Also said something about..."looking into whipping action at open of the market/strange trading action"........... that is not a direct quote.
 
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