Whitney Tilson is reported to have sent a letter to the investors in T2 Partner funds saying that:
- He has dissolved his hedge fund and will be parting ways from his partner Glenn Tongue. - He has sold majority of his positions including Berkshire Hathaway (BRK.A)(BRK.B), Goldman Sachs (GS), J.C. Penney (JCP), AIG (AIG) and Netflix (NFLX). - He has raised his cash position to 70%. - He will building his portfolio slowly with 60% long bets and 40% shorts.
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