David Rocker, who started the short-biased hedge fund firm
Rocker Partners 21 years ago, has announced he will retire as
of January 2, 2007.
In a personal letter sent to limited partners on Tuesday
night, Rocker said he would continue to pursue "issues which
are meaningful to me, including the rising threat to free
expression in the investment business. I believe I can be more
effective in this particular matter by being an independent
outsider than as an insider with a perceived axe to grind."
That comment appears to be directed to the suit against
Rocker by Overstock.com, as sources close to Rocker say that he
believes Overstock Chief Executive Patrick Byrne is
spearheading the efforts to chill independent analysis on