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Interesting article. He was able to save investors from the 2008 bloodbath, however that wasn't enough to satisfy the continuation of investor confidence with less than stellar performances thereafter. The fund manages $13 billion according to the article, so a $1 billion redemption is around...

He's paying for the right to be called a "sophisticated investor" as defined by SEC. :cool:

There was a recent article in the WSJ where pension plans are pulling their money (by the billions) out of hedge funds due to lackluster performance. I think the disaster with VRX which garnered major headlines didn't help the hedge fund industry. This article mentions that the failure to...

Yes, just like putting up 5k and getting 100k bp in a capital contribution firm has low odds. Live and learn. You can have all the "edge" in the world, but equity is key, not the lure of trading with 20x bp. My guess is the guys with 100k to 250k who were "anxious to blow all their money"...

I would actually applaud TST if your theory was correct. It's the backer, not the live trader, who has to shoulder the burden of risk, so it makes sense to internally monetize it. The Savius split according to their site is 70/30, which is better than the original 50%, however it's not as...

The company is still operational, and accepts traders in their challenge, thus my contention that they haven't "failed" as a company. Ok, we disagree on this point, fair enough. Yes, they realized the costs to acquire talent as they tried different recruiting techniques, and the Savius owner...

Ok, I forgot about this question, it's been awhile since I traded prop and filed out the U4. Indeed, it does ask if you filed bankruptcy. Page 14, Question 14K, it's clearly asked under "Financial Disclosure" in the U4 form. However, it's not asking whether you filed "ever" in your life, just...

If he's studying for the Series 57 then he's most likely joining a "capital contribution" firm where he has first dollar loss. In that case, he will simply require the following: a clean background check, the capital contribution, and a pulse. As rmorse wrote, the firm will have you join as...

Well, according to one of the owners, they were in process of opening up an office in Monaco, either as a fund or family office. If you search the profile of the owners, these guys actually trade for a living and had the balls to enter a risky endeavor. It's speculation to claim they "failed...

Volente questioned "the numbers" regarding profitable traders (at TST). Check out what the owner of Savius wrote from the trade2win thread, and take it for what's it worth... ..."That being said we were expecting that only 5% of candidates would have passed the test, while actually after a few...

Not sure if it's still an open thread. I posted it above, but you responded before I added the link, lol! Here it is again. Enjoy! http://www.trade2win.com/boards/trading-firms/203276-savius-new-prop-firm-looking-traders-your-comments.html

Thanks for mentioning the forum. I saw the link through another thread many years ago, although I hadn't viewed any of its content. After a review of just the first 5 pages (yes, it's a long thread and I can't read all of it right now), my take thus far is as follows: The forum has members...

You want numbers? If a trader is fortunate to get through the first 10 days of the live account stage and has a small balance, then the chance of longevity is slim to none. The combine will allow a trader to test/generate their "edge" and build a more disciplined track record, and for a...

Yes, they were mentioned here awhile back, I believe it was Pekelo who found the link. Looking at the Savius model, it seems they will refund the entrance fee of $198 if a trader passes their challenge, whereas Top Step stopped providing refunds. However, Savius traders must only trade 10...

So you were trading equities with a mortgage broker? The Google search term you cited comes up with a loan company in Seattle.

The MLP one doesn't send out K-1's, unlike others which send them even for IRA's. The performance has been horrendous though.

I'm not sure about going "insane" but I definitely agree with the second part, lol! The key is to learn from past mistakes and keep moving forward. Here's part of the FAQ's from another competitor, SaviusLLC. I think it speaks for itself. 12. Do most traders who take the Challenge pass it...

It actually reminds me of Uber being accused of trying to disrupt the algos of Lyft by ordering and subsequently canceling thousands of rides. There's nothing wrong with competitors using aggressive marketing to try and gain market share. Of course, it becomes suspect when the marketing...

We're playing with semantics here. I referenced BOTH firms in the same sentence as a matter of clarification regarding transparency. It's a fact that MES Capital has limited information, and TST has ample information. (In other words, comparing them in that method is immaterial, since it's...

"Where is your evidence that it isn't?" Not a single post on the links provided by the OP accuses the firm of breaching a contract with its traders. From just a cursory overview, it seems the firm doesn't collect any fees up front, neither during the trial period nor during the funding...