Why the Apparent Cheerleading for Candlestick's Closure?
Why are people here and on Twitter (X) so happy that Candlestick is closing down? The HF industry forums seem so cynical that they enjoy the downfall of others. It's understandable to have a competitive spirit, but there's a difference between being competitive and being unnecessarily aggressive.
Candlestick is closing down despite its performance, not because of it.
Of course, there are better performers out there, and Candlestick could have done better, but why the negativity here? WHAT AM I MISSING?
People be hating in this industry
People hate to lose more than they love winning, but being able to win and watch the downfall of someone else probably tickles the right part of the brain
Not saying that’s right, just my observation
They’re down in a market where virtually all peers are having years somewhere between decent and great, not to mention the bull market across many asset classes. They received one large redemption, and my guess is they saw the writing on the wall and chose to shutter on their own terms. Many fund managers choose this path versus the alternative.
"All peers". I don't think you understand how Candlestick ran nor who its peers were.
Also, for the hundredth time: a hedge fund with low-net is not to be benchmarked against the SP500.
Not trying to be difficult, but who else is actually down this year? I mean actually down, not “underperforming expectations.” I’m only aware of very isolated circumstances funds being actually down. Granted I know a few pods down; but doesn’t feel like more numerous than any other year.
less competition
everytime a HF shuts down, we should think "there by the grace of god go i"
funny but butchered the quote
that performance is not particularly good. Yes, I know they're supposedly market neutral but this wasn't a hard year for market neutral funds.
Market neutral funds are doing fine this year, but I think consumer pods not so much. Candlestick was a consumer market neutral fund.
don’t think anyone in actual seats are hating…just the type of gallows humor that you find amongst older folks…
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