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Hedge fund manager "truly sorry" for 99.8% loss
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Date: January 21st, 2015 2:55 PM Author: ivory thirsty depressive school http://www.cnbc.com/id/102356275
I don't know what that comes out to in Rudolph maths. |
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Date: January 21st, 2015 3:25 PM Author: lilac big-titted orchestra pit haunted graveyard For the record, in Rudolph math it is a 50,000% loss. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159027) |
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Date: January 21st, 2015 3:30 PM Author: ivory thirsty depressive school ouch (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159052) |
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Date: January 21st, 2015 3:58 PM Author: heady bright institution antidepressant drug That's 1000% right. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159227) |
Date: January 21st, 2015 3:00 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158892) |
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Date: January 21st, 2015 4:37 PM Author: walnut bipolar plaza No. Investcorp is PE. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159481) |
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Date: January 21st, 2015 3:03 PM Author: irradiated pale sanctuary reading party intergalactic NOWAG is alive and well (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158908) |
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Date: January 21st, 2015 3:03 PM Author: purple weed whacker stage expected this to be an onion link. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158912) |
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Date: January 21st, 2015 3:04 PM Author: odious poppy location new version No worries, he just needs to show a 3000000% return next year. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158916) |
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Date: January 21st, 2015 3:08 PM Author: ivory thirsty depressive school Powerball currently at $142 million lump sum. He can buy 100k tickets. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158934) |
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Date: January 21st, 2015 3:06 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158925) |
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Date: January 21st, 2015 3:08 PM Author: razzle-dazzle home place of business now the question is does that include his 2% managemnent fee? (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158936) |
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Date: January 21st, 2015 3:15 PM Author: metal talented market of course. you get paid that regardless (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158985) |
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Date: January 21st, 2015 3:10 PM Author: smoky forum The guy gambled and lost. That's why people invest in hedge funds. It's right there in the disclosure that you could lose all of your money. If you're not happy w/ dem 6% returns on your mutual funds and ETFs, you run the risk of this. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158945) |
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Date: January 21st, 2015 3:27 PM Author: arousing lake ticket booth cuck but that's not fair! (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159036) |
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Date: January 21st, 2015 3:30 PM Author: smoky forum This is what I don't get, this should be a fucking celebration of the current system. It shows why hedge funds are only for accredited investors and people who can handle a major loss like this. But instead we get the fucking JOBS Act trying to let everyone in because "that's not fair!!"
Investing is gambling. You want a chance for big gains, you get a chance for it. We can't guarantee everyone will succeed in the market. |
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Date: January 21st, 2015 3:37 PM Author: Mind-boggling stead voyeur (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159097) |
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Date: January 21st, 2015 3:35 PM Author: odious poppy location new version Uh no, people do not invest in hedge funds to lose 99% of their principal.
This guy obviously invested in something extremely risky with a very small upside. |
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Date: January 21st, 2015 3:39 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159111) |
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Date: January 21st, 2015 3:41 PM Author: odious poppy location new version That's actually the first thing I thought of. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159121) |
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Date: January 21st, 2015 3:45 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159143) |
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Date: January 21st, 2015 3:43 PM Author: arousing lake ticket booth cuck let me get my conclusion out of the way. you are a moron. let's hear about how you concluded that the upside was 'obviously' 'very small' |
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Date: January 21st, 2015 3:45 PM Author: odious poppy location new version Let me get the bort consensus out of the way. You fucking suck.
HTH
It's pretty obvious that the risk this guy took on was not justified by the potential return.
The only way you lose this much money in such a small amount of time is by betting 100% of your capital on a single investment, which basically violates every fucking rule of responsible investing. |
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Date: January 21st, 2015 3:48 PM Author: trip corner organic girlfriend Non-responsive (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159160) |
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Date: January 21st, 2015 3:48 PM Author: odious poppy location new version non-responsive (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159165) |
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Date: January 21st, 2015 3:50 PM Author: arousing lake ticket booth cuck it's not pretty obvious, dipshit a single investment increases risk, it doesn't reflect on upside if it tanks or on downside if it quadruples. btw, you are a moron for thinking it does. |
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Date: January 21st, 2015 3:51 PM Author: odious poppy location new version please stop responding to my posts.
You are a dumb faggot whose flame is tiresome.
-Everyone, ever. |
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Date: January 21st, 2015 3:55 PM Author: arousing lake ticket booth cuck maybe if you say pretty please or admit you are a moron obviously |
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Date: January 21st, 2015 3:57 PM Author: odious poppy location new version I am a moron
Pretty please give a blowjob to your Glock. |
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Date: January 21st, 2015 3:47 PM Author: trip corner organic girlfriend How do you know it had small upside? (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159154) |
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Date: January 21st, 2015 4:25 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159393) |
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Date: January 21st, 2015 4:31 PM Author: Jet-lagged stage CR. tremendous upside with very low probabilities = low expected value
Like betting on the Knicks to win the NBA finals right now |
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Date: January 21st, 2015 4:45 PM Author: arousing lake ticket booth cuck except your post is exactly why anne is a moron anne says low upside, you say the opposite |
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Date: January 21st, 2015 5:16 PM Author: Jet-lagged stage yes she must have meant low EV (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159704) |
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Date: January 22nd, 2015 12:41 PM Author: smoky forum No shit they don't invest to lose 99% of the principal. But that's always a possibility and always disclosed as such. You also, quite clearly don't know what upside means. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27164129) |
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Date: January 21st, 2015 3:14 PM Author: concupiscible gaped macaca center *loses 99,800,000 of other people's money*
*walks away with $6,000,000 in salary* |
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Date: January 21st, 2015 3:15 PM Author: exhilarant cobalt telephone (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158984) |
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Date: January 21st, 2015 3:34 PM Author: learning disabled point To be fair this is nothing compared to the kind of shit that caused ITE (see AIG, Bear Stearns, etc) (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159067) |
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Date: January 21st, 2015 3:38 PM Author: carmine station rigor Explain (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159103) |
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Date: January 21st, 2015 3:41 PM Author: learning disabled point This thing blew up pretty quickly and wasn't systemic. Can't say that about ITE, and yet those bastards made off with a mint and didn't give a fuck. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159115) |
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Date: January 21st, 2015 3:39 PM Author: Ruddy vibrant indirect expression i guess he learned it's harder to do this w/o inside info. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159109) |
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Date: January 21st, 2015 3:48 PM Author: Jet-lagged stage LJL @ giving Raj Rajaratnam's trader any money
JFC
Guy apparently gambled ALL his remaining AUM on short dated out of the money S&P calls banking on a huge run up before christmas
Instead the S&P cratered through mid december and dude lost it all |
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Date: January 21st, 2015 4:02 PM Author: Rusted parlor multi-billionaire holy shit. how bad must his losses have been to bet everything? he must have been ready to killlself the week before christmas. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159248) |
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Date: January 21st, 2015 4:10 PM Author: Burgundy hall what's the problem with that? galleon group had great returns. i would happily give my money to a hedge fund that aggressively used inside information to trade. the risk doesn't fall on the fund investors. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159299) |
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Date: January 21st, 2015 4:30 PM Author: Jet-lagged stage This is true as long as it isnt a ponzi scheme
The issue is that Raj was the one wheeling and dealing. This dude was just his trade execution monkey |
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Date: January 21st, 2015 3:48 PM Author: trip corner organic girlfriend Wouldn't be surprised if he stole the money and said he lost it. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159164) |
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Date: January 21st, 2015 4:00 PM Author: Magical salmon lay lol i thought this was gonna be about some snotty hf manager pretending to care about the fact that almost no americans can have houses, families, cars, retirements, decent lives, regular season nfl tickets, or cable tv anymore. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159235) |
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Date: January 21st, 2015 4:03 PM Author: heady bright institution antidepressant drug This dude will be going to jail. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159255) |
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Date: January 21st, 2015 4:27 PM Author: awkward dashing genital piercing (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159407) |
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Date: September 30th, 2026 2:04 PM Author: ivory thirsty depressive school Update: He did not go to jail (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162383) |
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Date: September 30th, 2026 2:32 PM Author: Contagious Theater Philosopher-king his investors should go to jail for their retardation (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162417) |
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Date: September 30th, 2026 2:50 PM Author: aromatic anal menage laser beams hope he's doing well (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162458) |