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Jim Chanos’ Kynikos Associates suffered 2008 asset redemptions of 20% even though his fund “had a good year”

Posted by WSF On February - 27 - 2009

With the huge market dislocations in 2008, hedge funds didn't have to lose money to still have substantial redemptions: Short seller Jim Chanos' Kynikos Associates, which "had a good year" in 2008, apparently suffered an outflow of 20% of assets. Such was the lot of being one of the seemingly small number of firms that hadn't blocked investor redemptions. "We were like an ATM machine" he joked according to Reuters.

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Jim Chanos’ Kynikos Associates suffered 2008 asset redemptions of 20% even though his fund “had a good year”

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The Daily Show’s Jon Stewart calls Apple “Appholes” after the cops stormed a Gizmodo guy’s door

Video: Former Goldman staffer and 2006 Hampton’s Magazine hot bachelor Josh Birnbaum testifies in the Senate inquisition of Goldman Sachs

Video: Jim Chanos adds his insights on short sellers to those of Bill Ackman

Video: Excellent interview with Bill Ackman; He’s on team Goldman, and comes out in their defense

Video: A Bloomberg tour of Prince Alwaleed’s palace

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VIDEO

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