Buffeted

Hedge Fund Tracking: Tiger Global (Chase Coleman), Q3 2008

What I think we are seeing (and its just my 2 cents) and will continue after fund redemptions in January is the slow, inevitbable return of Oct, Nov. liquidation to the markets also in the form of hedgefunds - it has to go somewhere and even with the consensus being middle Q1 of 2009 being another bloody botttom finder, most Hedgefunds, which all operate similarly and usaully buy the same stocks, plan to make some short term profits banking on a pop when Obama takes over in late January, only to reduce percentages following Obamas announcements and fading euphoria when unemployment numbers steal the show. A subsequent slow L shaped recovery rather than a V shape should follow. Hopefully, for hedgefunds, the first half of January wont be hell, because if it is, there wont be many left. (I'm not banking on any of this - just an exercise.)

Hedge Fund Tracking: Lee Ainslie's Maverick Capital, Q3 2008

Maverick as in John McCain, pronounced by Sarah Palin as "Mäverick" or Maverick as in the T.V. show. Probably a Hybrid.
Anything called maverick is TOAST in 2009!
Poor folks who baught this dying horse and those who design there portfolios after what they see above.