What's up with Pointstate Cap?
Hearing lot of negative rumors, in addition to the somewhat weak performance numbers relative to peers such as Brevan/Caxton, etc
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https://www.bloomberg.com/news/articles/2020-04-03/pointstate-hedge-fun…
Somewhat weak? See above. Multi year bad performance and lots of redemptions. Hedge funds are super volatile business, even for managers that once were viewed as some of the hottest around. LPs hate paying fees for people that lose them money.
terrible numbers in what should be a macro environment for them
I’ve seen this story 100 times. Have no direct knowledge but I’d be surprised if they’re not DOA.
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