THURSDAY FEBRUARY 28
UK Hedge Fund Eats It

In a year that, so far, is kicking most fund managers’ arses, someone had to be named the biggest loser by somebody. Today, The Wall Street Journal casts the first stone, naming the London fund of Luca Bechis, an experienced trader with a track record of posting strong gains, as one of the worst performers of 2008. We hear that Bechis, conversely, plans to name the WSJ the worst newspaper (since it had to sell out to its mortal enemy, Rupert Murdoch, to stay on its A game) but no word of whether this announcement will be accompanied by the usual, all-night blowout.

February 2008

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