Add a Comment
Tontine Partner’s Latest Fund Finds Early Success
Tontine Partner’s Latest Fund Finds Early Success | ||
| Date: 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. | ||
See Full Story from Source | ||
