Brian Hunter left Amaranth

[eagle488]

He can live a very comfortable life doing nothing on the money that he earned.

Lets say he has left a cool 20 million. (Many of the rags put his worth several times that.) Take that cash and place it in a money market earning 5%, 1 million a year folks.

or

An aggressive mutual fund earning 8-10%

He could just kick back, do nothing and he will be fine for the rest of his life. Meanwhile, the pensioners of San Diego County are wondering what they are going to do. They spent their entire lives working for that retirement day and finally this guy Brian takes it from them and walks away a millionaire.

I am hoping some type of lawsuit is filed against the guy. This is simply unfair. . .

 

[der_kommissar]

Someone mentioned Hunter had alot of his compensation still invested in the fund. Sort of a cruel irony.

 

[Enfinity]

Quote from eagle488:

I am hoping some type of lawsuit is filed against the guy. This is simply unfair. . . [/B]

There's a reason why hedge funds are restricted to accredited investors only...Hunter will have his own fund next time around.

If you want to put up big numbers you have to trade in the high risk markets. And don't feel sorry for the SD pension fund people...

If you need to hate on someone, the responsibility ultimately falls on the general partner of the fund as he's the one who allocated the assets to him. Hunter merely traded his strategy and other market players smelled blood...

 

[WallstYouth]

Quote from eagle488:

He can live a very comfortable life doing nothing on the money that he earned.

Lets say he has left a cool 20 million. (Many of the rags put his worth several times that.) Take that cash and place it in a money market earning 5%, 1 million a year folks.

or

An aggressive mutual fund earning 8-10%

He could just kick back, do nothing and he will be fine for the rest of his life. Meanwhile, the pensioners of San Diego County are wondering what they are going to do. They spent their entire lives working for that retirement day and finally this guy Brian takes it from them and walks away a millionaire.

I am hoping some type of lawsuit is filed against the guy. This is simply unfair. . .

Who the fuck would put their pension into a Hedgefund?? The San Diego County officals who managed the pension should be shot, what retards.

Losing money is part of the game, someone looses, someone gains.

 

[Cutten]

Quote from eagle488:


He could just kick back, do nothing and he will be fine for the rest of his life.

Wrong. The sort of person who can go that far in the first place, can never be happy being a "retired" chump living off their interest, no matter how high the income. Once you get the hunger for greatness, it never leaves. Better to have been poor all your life and content with it, than to have been a success and now a has-been, desperate for a return of the good times.

 

[psytrade]

These firm put like 3% of their capital in HFs and 1% in VC. They are not "exposed".

http://www.calcsea.org/president/pension_attack/20050322-pension-nctimes.asp

Seems like a good fund to me.

Amaranth should rename itself Aftermath Advisors

 

[Rearden Metal]

Quote from eagle488:

He can live a very comfortable life doing nothing on the money that he earned.

Lets say he has left a cool 20 million. (Many of the rags put his worth several times that.) Take that cash and place it in a money market earning 5%, 1 million a year folks.

Once again, the 'living off the interest' myth rears its ugly head...
________________________

OK, say you invest in T-bills. One year later, you've made a 5% return. Congratulations.

The government taxes away 35% of your 'profit', leaving you with a 3.25% 'gain'.
Over that year, the CPI rises 4.25%

I still can't understand why most people consider that a 'gain'.

 

[ssternlight]

Quote from WallstYouth:

Who the fuck would put their pension into a Hedgefund?? The San Diego County officals who managed the pension should be shot, what retards.

Losing money is part of the game, someone looses, someone gains.

You should subscribe to some of the daily hedge fund news email offers. Many Pension Funds now do an allocation to hedge funds -- they need the extra returns as they are underfunded. What's scary is that huge funds like CALPERS have big real estate exposure. In the past that's what delivered their excess returns. Now...?!

 

[ang_99]

Quote from Rearden Metal:

Once again, the 'living off the interest' myth rears its ugly head...
________________________

OK, say you invest in T-bills. One year later, you've made a 5% return. Congratulations.

The government taxes away 35% of your 'profit', leaving you with a 3.25% 'gain'.
Over that year, the CPI rises 4.25%

I still can't understand why most people consider that a 'gain'.

I see your point but call it what you want, its still almost risk free easy living. A million bucks pre-tax is still a million bucks pre-tax no matter how you slice it.

 

[local_crusher]

it appears to me, his primary strategy was doubling down when he was strongly assuming he was right. thus it explains his ok performance in the past, but we all know where this will end up.