Former Peter Lynch protege George Noble, 51, will close his $550 million Gryfalcon hedge fund. The WSJ has details on his "disappointing" 2009 that saw the fund drop half of its asset base.
@gnoble79 2/2 โWhatever the reasons for our poor performance, the numbers speak for themselves and are simply unacceptable,โ Noble said in a letter to investors about the fundsโ 30 percent loss this year.
@gnoble79 1/2 Noble Partnersโ George Noble told investors in his $550 billion Gyrfalcon QP and Offshore Funds that โmy performance over the past several months of 2009 has been the most professionally disappointing and personally frustratingโ of his nearly 30-year career.