Webb under pressure as losses mount at Verus
Sat May 1, 2004
David Webb achieved big successes as the portfolio manager
for Cleveland-based Shaker Investments hedge funds, where he
oversaw more than $1 billion of assets for the firm's
long/short equity hedge funds. When he left at the end of 2002
to start his own fund, Shaker converted its $1 billion of hedge
fund holdings into cash, and many investors redeemed to follow
Webb to his new venture.
ISSN: 2151-1845 / CDC10004H
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