Tykhe takes a tumble: WSJ
Manager was set for Man's US-listed hedge fund
Tykhe Capital, a New York hedge-fund firm that manages about $1.8 billion, has suffered losses of about 20% so far in August, and is moving quickly to trim its investment positions, according to an investor in the firm briefed by Tykhe executives. The selling by Tykhe and a range of similar hedge funds is putting pressure on the holdings of a number of funds.
Tykhe isn't closing down, according to the investor. Repeated calls to Tykhe were not returned.
NakedShorts would only note that a Jun. 4 article on Tykhe, published on these very pixels more than two mnths ago and linked below, is currently being hit with Cat. 4 hurricane-force traffic.
Second Goldman Hedge Fund Moves to Sell Some Positions
by Kate Kelly, Henny Sender and Gregory Zuckerman
From Greek mythology, Tykhe was the personification of fortune. She was revered as the divine power guiding and conducting the world’s affairs, and as a representation of the plentiful gifts of fortune and also of fortune’s instability, capable of rolling in any direction.
Tykhe Capital LLC website
A Renaissance for the rest of us?
Part I: Fast-rising quants to run
most of US listed hedge fund
NakedShorts Jun. 4 2007
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