Tontine Partner’s Latest Fund Finds Early Success
| August 12th, 2009 | ||
| Tontine Partner’s newest hedge fund, Tontine Total Return Fund, is off to a strong start as it posted returns in excess of 25% during its first quarter, according to The Wall Street Journal. Jeffrey Gendell, Tontine’s founder, told investors via a letter that the fund’s early successes are due to a combination of favorable energy bets and the economic recovery. Tontine Partners was hit particularly hard by losses in 2008 and, as a result, was forced to shutdown two of its flagship funds: Tontine Capital Partners and Tontine Partners. | ||
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Tontine Partners |
Related People: Jeffrey L. Gendell
Related Entities: Tontine Capital Partners*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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