Friday, November 21, 2008
Shocked.. Shocked!
to find gambling going on in here!
Manzke, 60, who founded Rye, New York-based Tremont Capital Management Inc. in 1985, sent an e-mail this week to 500 wealthy individuals, money managers and fund of funds calling on them to fight high fees and practices such as limiting or suspending client withdrawals. Her e-mail was forwarded to so many people that she’s gotten more than 500 responses, she said. All of them have been positive. “While we all recognize the difficulties of the current market environment, I am appalled and disgusted by the activities of a number of hedge-fund managers,” she wrote in the missive, which asks investors to form a group -- the Hedge Fund Investors United Forum -- to protect clients’ rights. She declined to name specific funds until she compiles a list of those that aren’t acting in the best interest of clients.I've defended Hedge Funds against charges of causing this crisis, but anyone who thinks they are in it for anyone but themselves is an idiot.
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