Paul Sinclair Liquidates Equities in Face of Euro Crises

June 24, 2012 Debbie Jacobs Quote of the Day

The New York Observer recently discussed the Eurozone crisis’s impact on Paul Sinclair and his hedge fund.

“Expo Capital Management founder Paul Sinclair is returning $458 million managed by his Los Angeles-based hedge fund, telling Bloomberg that the turmoil surrounding the European sovereign debt crisis has left him ‘physically and mentally exhausted,’” the paper wrote.

The Observer continues, stating that Sinclair “intends to spend the summer sleeping and relaxing. He may even take up a hobby.”

Sinclair, who is liquidating his health care equities fund after over five years, explained his actions by saying:

“I don’t have an edge on Greek elections, the Spanish banking system, what the European Central Bank, the International Monetary Fund, the Chinese government, Angela Merkel, or the U.S. Federal Reserve will do.”

 

 

Economy, Eurozone Crisis, Expo Capital Management, Hedge Funds, Paul Sinclair,

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