I choose chicagofx
chicagofx Wrote: ------------------------------------------------------- > Umm… a) we made money last year, b) no > complaints about what the market does c) 20%+ > annual performace over the last decade and more > (with no down years) justifies high fees, d) > deleveraging didnt bother me, i went short > commodities, so I was happy with it. made money last year+no down years last decade = Madoff??? LOL 20%+ annual is quite impressive…ummm are you guys open to new investors?? how can we benefit from your endless experience and investment knowledge?? i bet you also shorted suprime MBS but you are too shy to tell
itstoohot Wrote: ------------------------------------------------------- > chicagofx Wrote: > -------------------------------------------------- > ----- > > Umm… a) we made money last year, b) no > > complaints about what the market does c) 20%+ > > annual performace over the last decade and more > > (with no down years) justifies high fees, d) > > deleveraging didnt bother me, i went short > > commodities, so I was happy with it. > > made money last year+no down years last decade = > Madoff??? LOL > > 20%+ annual is quite impressive…ummm are you > guys open to new investors?? how can we benefit > from your endless experience and investment > knowledge?? i bet you also shorted suprime MBS but > you are too shy to tell I had no down years too in my investments and my volatility was almost 0%
comp_sci_kid Wrote: ------------------------------------------------------- > itstoohot Wrote: > -------------------------------------------------- > ----- > > chicagofx Wrote: > > > -------------------------------------------------- > > > ----- > > > Umm… a) we made money last year, b) no > > > complaints about what the market does c) 20%+ > > > annual performace over the last decade and > more > > > (with no down years) justifies high fees, d) > > > deleveraging didnt bother me, i went short > > > commodities, so I was happy with it. > > > > made money last year+no down years last decade > = > > Madoff??? LOL > > > > 20%+ annual is quite impressive…ummm are you > > guys open to new investors?? how can we benefit > > from your endless experience and investment > > knowledge?? i bet you also shorted suprime MBS > but > > you are too shy to tell > > I had no down years too in my investments and my > volatility was almost 0% Is it hard to sleep with all that cash under your mattress?
Hahaha no need for sarcasm guys, Im sure our down year will come, we are just fortunate that we have enough good traders with uncorrelated styles and investment horizons that when some do badly, others do well enough to cover for it. As for shorting subprime, I wish, huge missed trade that. I said 20% not a Paulson-esque 500%. And theres plenty of funds who can boast similar returns or even better over the last decade. To assume that means we are likely to be Madoffs is an amusing insight into your psyche. Does that mean Soros, with no down years in 30+ years and 35% annual returns was another Madoff? And how about Buffet - another Madoff? Paul Tudor-Jones? All the others that you have never heard of who produce consistent returns? Please. Oh and my endless experience spans 2 years of managing money. While I have done ok I think, nowhere on my posts do I claim to be a great money manager, I merely stated that I work around colleagues who are clearly diligent and good at their jobs.
Plenty of HFs have had no down years. Madoff was claiming something like 2 down months in 20 years. As long as your Sharpe ratio is in line, there’s no reason to suspect anything.
The Sharpe Ratio assumes normal distribution, which makes it an inappropriate measure at times (any time options are involved in the strategy would be an example).
fooled by randomness… haven’t you heard of “mean reversion”?!? aaaanyways guess it takes more than 2 years to learn the truth hahaha
chicagofx Wrote: ------------------------------------------------------- > question for louisvillegrad: I unashamedly > disagree with 95% of what you say with the > exception that the market is likely to go down > more near term (though I dont expect the > apocaplyse that you do). But I want to know your > logic. > > You accuse hedge funds of making a killing by > naked shorting and basically stealing money off > average joe investors by market manipulation. So > how is it that hedge funds lost 19% on average > last year if its that easy? > > I work in the global macro area of a fairly large > hedge fund that trades predominantly in equities. > So I can see the diligence of research, investment > experience and knowledge of the people around me. > And they never naked short sell. Many of them had > a rough time last year. So your accusations are > fairly insulting to them and Id like to understand > where on earth they some from - along with the > other accusations of, for example, banks shorting > themselves. > > Im hoping there is some basis for all this rather > than wild posturing, otherwise its a cry for > attention thats rather sad, and you would do well > to stop polluting otherwise interesting threads. > If you genuinely have some kind of basis for what > you say, please post it. There is something JDV calls the silliness of louisvillegrad and probably you should not waste your time replying. This is just silly too.