5 replies to this topic

[nimblebear]

See article:

http://www.msnbc.msn.com/id/20680312/

Results after Sept should be very interesting.

[denleo]

For some reason people love when hedge funds lose money. Well, people who are not invested in them. Average hedge fund is up 8% at the end of August. But who would post that on the board? Success does not attract interest. Failure does. Denleo

[greenie]

For some reason people love when hedge funds lose money. Well, people who are not invested in them.

Average hedge fund is up 8% at the end of August. But who would post that on the board? Success does not attract interest. Failure does.

Denleo

Primary business of most hedge funds is to steal money. There are only few honest ones - xD's one for example.

[OEXCHAOS]

For some reason people love when hedge funds lose money. Well, people who are not invested in them.

Average hedge fund is up 8% at the end of August. But who would post that on the board? Success does not attract interest. Failure does.

Denleo

Primary business of most hedge funds is to steal money. There are only few honest ones - xD's one for example.

Where in the H&%% do you get off saying such a slanderous thing?

Do you have ANYTHING to back that nonsense up? Frankly, it's just offensive. Most of those guys (there are tons of them nowadays) may not be any better than one could do on his own, but that's a performance issue, not an ethical issue.

How'd you feel if somone called you a crook for shorting, Greenie? If your fantasy comes true, you could be in their sights next as a scape goat.



M

[denleo]

Greenie, it is offensive and stupid. Why would you call 10,000 fund operators and over 100,000 people working for them thiefs? Have you met any of them? What the hell is wrong with you? Denleo

[toni]

Denleo, Where did you get the figure of 8% profit this year for hedge funds? You may be right, I don't know myself, but Larry Swedroe of Buckingham Asset Management said at a meeting of the Vanguard Diehards that the average hedge fund has underperformed the S&P500 for the last 3 years when one counts all of the hedge funds that were in existance 3 years ago. That is counting not only the reported profits of the hedge funds in existance now, but charging back all the losses of the hedge funds that have blown up and gone out of business. Swedroe is a fee only asset manager, mainly for Vanguard index funds and DFA. He doesen't believe in active management, calling them amateur hour contestants. By the way Charles(tuffy 88's) son Mike was there also. He is a fee only index fund money manager too. He was very impressive. Has a Masters degree in finance from the University of Chicago. toni

Edited by toni, 10 September 2007 - 07:04 PM.