Hedge funds
04Sep

Hedge Fund Closes Shop, Blames HFT In Investor Letter

Hedge fund manager Andrew Cunagin might be in the need of some therapy.
Hedge fund trader blasts high frequency trading
As Rinehart Capital Partners LLC, the fund Cunagin operated, closes shop, the primary trader had some vitriol he needed to get off his chest.  In his final letter to investors, he didn’t disappoint, blasting a stimulus driven economic environment dominated by high frequency trading predators in what he characterizes as a “dash for trash” market environment.

After beginning life in pre-crash 2007 . . .

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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