'The middle innings of frothy speculation': A $3.4 billion hedge fund is sounding the alarm

Keith Williamson via Flickr Tourbillon Capital is a $3.4 billion New York hedge fund led by Jason Karp. The fund has lost money in its flagship fund, but says despite the bull market, there are still stock-picking opportunities; it just requires patience. Jason Karp, the head of $3.4 billion hedge fund firm Tourbillon Capital, ispreaching patience. The firm's flagship Global Master fund has lost money in 2017. And in an October letter to investors,Karpleads with a quote from author David G. Alle...