The hedge fund named after a Swiss watch designed to counter the effects of gravity has, itself, found gravity. Tourbillon Capital Partners told investors in a letter that the hedge fund was shutting down, citing poor returns in a challenging market environment.
[buffett]
Q3 hedge fund letters, conference, scoops etc
The Tourbillon Global Master Fund (TGMF) was hit by poor performing investments again in August. During a period of strong stock market returns, the equity-focused fund was reported down 2.6% on the month, off 3.2% year-to-date through September.
This past June, Tourbillion hired BAM Capital founder Ross Berman as its president...
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