Expect More Hedge Fund Pressure By Jim Cramer About this article: The letters go out at the first of the month for places we think of citadels and fortresses of capital. They read like this: "Our performance is X vs. the S&P, and we see multiple opportunities and we have lots of cash. We have never been in better shape, and we are excited about the great possibilities we see." The letters go to sophisticated investors, institutions and funds of funds. The first two pretty much take them in stride. They've made a lot of money with these hedge funds, and they aren't sanguine but they aren't panicked. And then there are the funds of funds. These people are supposed to be the keepers, the shepherds of the money. They are desperate to try to keep their jobs and demonstrate that they are being fiduciaries. They are basically saying, "Our raison d'etre is on the line." That means they... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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