I saw him say one time that most hedge fund managers only care about risk adjusted returns and all they (BP Capital) do is try and make big money. Sometimes they lose. They are pure speculators and that is the name of the game we play. Hey with one trade a month they are saving on commissions at least!
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Boone Pickens' HF down 35% in July
- Thread starter turkeyneck
- Start date
am i understanding this correctly: he is up 8X since inception.
but down now 35%
so it means he is down 35% of THAT 8X not some notaninal amount.
He is close to blowing up.
but down now 35%
so it means he is down 35% of THAT 8X not some notaninal amount.
He is close to blowing up.
Quote from Daal:
lol guys. the guy is up 8x since 2000. he had ups and down all along and everytime his fund went down it was a huge opportunity
Quote from itcanbedone:
am i understanding this correctly: he is up 8X since inception.
but down now 35%
so it means he is down 35% of THAT 8X not some notaninal amount.
He is close to blowing up.
Yes, but you are not accounting for withdrawals over that same period of time either. I agree that it is a pretty huge drop but I doubt that it is 35% of 8X.