Some very smart guys, had big losses in September. Making money in the market is all about people with convictions taking money from the people that lack it. These guys do their homework and they have conviction. I’m sure they will bounce back as they have time and time again.
There’s no big bank failure on the horizon. The housing market is booming, not melting. Yet for a handful of well-known hedge fund managers, 2015 is looking a lot like 2008, when their industry suffered record losses and investor withdrawals.
Source: Ackman, Einhorn Lead Hedge Funds on Track to Rival ’08 Slump