“Where by there is smoke, There is certainly usually fireplace,�?claims a former portfolio supervisor at pension fund Calpers, who says the memo as well as Tiger’s investment action raises considerations concerning the organization’s method and system.
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“As a consequence of that habits, they caused lots of other funds to sense like they had to play Tiger’s sport to compete—which can be burning them, far too. It’s the comeuppance that’s happened.�?‘To see them slide this rapid isn't shocking’
But it wasn’t until late August which the doc—dubbed by lots of a “memo”—designed Yet another harming journey all over texts, e-mails, and cellphone calls. In the midst of a couple of working day, it was spreading like wildfire throughout the inboxes of numerous VCs, founders, and fund professionals. The memo, falsely billed for a draft of an exposé by The brand new Yorker,
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