“The American electorate has rejected extremist positions.” Hedge fund manager and Obama backer George Soros, speaking to a reporter after the election. (via Reuters)
''You win some, you lose some. We can all disagree. I have friends and we have spirited discussions. Sure, I am not getting invited to the White House anytime soon, but as citizens of the country we are all friendly.'' Daniel Loeb, founder of $4 billion Third Point, who supported Obama in 2008 and Romney in 2012, speaking to a reporter after the election. (via New York Times)
“Sorry to be so late. I’m pretty sure Obama will win.” Cliff Asness, founder of AQR Capital Management and Romney supporter, in a November 8 e-mail answering a September 18 message from a reporter asking him if he thought Romney had a chance of winning. (via businessinsider.com)
“Short red dirt that contains iron." David Einhorn, president of Greenlight Capital , predicting a collapse in iron ore prices at the Great Investors’ Best Ideas Investment Symposium in Dallas, Oct. 30. (via Dallas Morning News)
“Hedge funds getting 2 and 20 is not acceptable for us anymore. For example, if one of our metal workers has a €500 pension a month, they will not accept that they are investing in hedge fund managers who receive that kind of performance fee. We just cannot do that anymore.” Inge van den Doel, head of investments for PMT, the Netherlands’ third largest pension fund, on why she’s trimming investments in hedge funds. (via finalternatives.com)