Capitalist Pig is getting slaughtered. Returns below 2008 highwater mark.
http://capitalistpig.com/investment-fund/
http://capitalistpig.com/investment-fund/
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Another Trading God that Failed
- Thread starter billyjoerob
- Start date
Quote from billyjoerob:
Capitalist Pig is getting slaughtered. Returns below 2008 highwater mark.
http://capitalistpig.com/investment-fund/
Huh? The dude has outperformed the s&p 8 times over since inception and is up 24% this year. Where do you see he is shutting down his fund? The guy is killing it. And I would hardly call him a trading God.
Quote from Maverick74:
Huh? The dude has outperformed the s&p 8 times over since inception and is up 24% this year. Where do you see he is shutting down his fund? The guy is killing it. And I would hardly call him a trading God.
6 years? That's a long time to show no absolute or relative performance.
Quote from Maverick74:
Huh? The dude has outperformed the s&p 8 times over since inception and is up 24% this year. Where do you see he is shutting down his fund? The guy is killing it. And I would hardly call him a trading God.
To be candid, this guy had first 4 SLAM BANG years. After that his performance just flattened out. This happens to lots of PM and CTAs. They start with small portfolio and score big but when portfolio becomes large then the test of real 'guts and grits' kicks in. That is where most fail and especially if in the CTA, Options and Derivatives type funds. Those into other metrics like quality of returns i.e. risk reward on positions taken.............can further rip his numbers apart.
Peter Lynch was a big name in 80s and he left Megallan saying it has become too big to manager. That was a very clever exit as he got to keep his track record intact. Guess Peter Lynch was big only for his time, in today's game he would just be someone average at best. He was too fundamental although under the table might have been technical guy too.
However, when it comes to equities portfolio management big size can be well managed as volume is there and overseas plays can also be included. Not the same in derivatives.
Two points to stay alive in the Hedge Fund game
a) play equities both long and short
b) stay away from taking leverage, that is faster way to blow up
Quote from billyjoerob:
6 years? That's a long time to show no absolute or relative performance.
Hold on here. You stated the guy was getting "slaughtered" which he is not. You stated he is a trading god, which he is not. You stated he failed, which he did not. You only get 3 strikes here.
He is outperforming the spoos by 20% this year. And then you data mine an arbitrary point in the past to use as your baseline to say he is not performing.
ET just made a new lower low here.
Quote from billyjoerob:
Capitalist Pig is getting slaughtered. Returns below 2008 highwater mark.
http://capitalistpig.com/investment-fund/
Huh?
Quote from toc:
To be candid, this guy had first 4 SLAM BANG years. After that his performance just flattened out. This happens to lots of PM and CTAs. They start with small portfolio and score big but when portfolio becomes large then the test of real 'guts and grits' kicks in. That is where most fail and especially if in the CTA, Options and Derivatives type funds. Those into other metrics like quality of returns i.e. risk reward on positions taken.............can further rip his numbers apart.
Peter Lynch was a big name in 80s and he left Megallan saying it has become too big to manager. That was a very clever exit as he got to keep his track record intact. Guess Peter Lynch was big only for his time, in today's game he would just be someone average at best. He was too fundamental although under the table might have been technical guy too.
However, when it comes to equities portfolio management big size can be well managed as volume is there and overseas plays can also be included. Not the same in derivatives.
Two points to stay alive in the Hedge Fund game
a) play equities both long and short
b) stay away from taking leverage, that is faster way to blow up
The guy describes his fund as absolute return but he is a big time bear. He just uses alternative asset vehicles to express that vs simply getting short. But no, I'm not surprised that a big time bear has not performed that well the last 4 years while the ES is up 150% in a straight line. Most bears have been slaughtered on this move up. At least he is preserving capital. Honestly, I don't know what there is to complain about here. Most funds have bang up years when their style is en vogue and struggle when it's not. This describes 99% of the funds out there. But to say he is getting slaughtered or failed is a stretch.
Quote from Maverick74:
Hold on here. You stated the guy was getting "slaughtered" which he is not. You stated he is a trading god, which he is not. You stated he failed, which he did not. You only get 3 strikes here.
He is outperforming the spoos by 20% this year. And then you data mine an arbitrary point in the past to use as your baseline to say he is not performing.
ET just made a new lower low here.
The highwater mark is not an arbitrarily chosen datapoint, some funds can't charge performance fees below that level. It's not arbitrary. 2nd, there were multiple puns going on there . . . some will pick it up.
He's not paid to be a bear, he's paid to be a PIG. And he's getting SLAUGHTERED - like a PIG, not a BEAR, nobody slaughters bears. As a CAPITALIST, it's IRONIC that he's a GOD THAT FAILED.
Quote from billyjoerob:
He's not paid to be a bear, he's paid to be a PIG. And he's getting SLAUGHTERED - like a PIG, not a BEAR, nobody slaughters bears. As a CAPITALIST, it's IRONIC that he's a GOD THAT FAILED.
Jesus fucking christ what on earth are you talking about? You are rambling. How is beating the index by 20% this year getting slaughtered? You haven't put down your Jack Daniels long enough to explain that to me. In order to get slaughtered can we at least agree that one has to lose money? LOL. I mean trading sideways is not getting slaughtered. And why do you call this guy a God? He was a small local on the midam back in the day.