Is anyone worried about the sharemarket atm?
I am and I think after the recent share market appreciation perhaps we should start taking out some of our gains.
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Abandoning a treacherous market | Karen Maley | Commentary | Business Spectator
I am and I think after the recent share market appreciation perhaps we should start taking out some of our gains.
A fortnight ago, Pellegrini – who rose to fame as the former Paulson & Co executive who helped the firm make more than $3 billion by masterminding a bet on the US housing crash – announced that he intended to wind down his hedge fund, PSQR Capital, and return money to investors. The fund, which gained 40 per cent in 2008 and 62 per cent last year, fell by almost 11 percent in the first seven months of this year
Anyone reading Paolo Pellegrini's farewell letter to investors hoping to find sweet, soothing words about the challenges of investing will be disappointed. Instead, the high-profile hedge fund manager has issued a grim warning of impending calamity.
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Abandoning a treacherous market | Karen Maley | Commentary | Business Spectator