U&BYRNE REMAIN 2PATHETIC FOOLS who should get a room together to stroke each other off. Don't 4get to copy and paste the twitter link into your browser, you FNG CHARLATAN!
Byrne says he was “completely vindicated,” because defendants in lawsuits Overstock brought, including Goldman and Cohodes’s firm, eventually settled. There’s a difference between betting against a horse and “trying to poison” it, he says. Still, “I have a strange affection for Marc as one sometimes develops for an opponent,” Byrne says of Cohodes now. “At the end of the day we sort of put it behind us.”
The 2005 lawsuit hastened Rocker’s retirement the following year—at least according to Cohodes—and indirectly had a hand in the fund’s demise. As for Rocker and Cohodes, they don’t speak. Cohodes blamed Rocker for unnecessarily riling Byrne, while the argument can be made that the tactics Rocker Partners used against Overstock were no different from those it employed for any other short investment. (Rocker declined to comment for this story.)
Whatever the case, Cohodes was left in control of the company, whose name he changed to Copper River Partners. Then came the financial crisis, which should have been a godsend for a short-biased fund. “We were having an outstanding year. Outstanding,” Cohodes says. “We were knocking the ball out of the f---ing park.”