Current news for this fund:
Tontine Partners - Global macro hedge fund
Count of distinct funds: 2
David Faber at CNBC is reporting that Tontine Partners ("Tontine") is liquidating two of its funds, Tontine Capital and Tontine Partners, over the next year and a half.
Of two funds being liquidated, Tontine Capital is down nearly 78%; we have not been able to determine this figure for Tontine Partners.
Interestingly (oddly) enough, Tontine is not liquidating Tontine 25 (down almost 54% YTD) or Tontine Financial (down 83% YTD).
Original ailing/watch listing: 2008-10-15
Stockpickr reports that Tontine Partners may be in trouble having expected losses on the year of some 65%. According to the article on this "global macro hedge fund":
If you hear anything about Tontine and whether or not they are going to close up shop and return funds back to investors, please let us know!.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.