Quote from Wayne Gibbous:
And FWIW, I luv it when some other supposed fund managers come on here and explain how great they are, but they are not allowed to give performance info...
Yes, I know hedge funds do not give out performance numbers, but I doubt it is some government regs.
I suspect the
partners just want to keep things private. The whole
qualified investor test is just so much legal clap-trap.
How can stating a fact, like "my fund is up X% this year..." followed by disclaimers like Aaron's "PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK." and "we only take investors with a certain net worth that understand these high risks...", etc, etc. be construed as soliciting unqual people?
With enough disclaimers, you can get away with ANYTHING!!!
I know, I know...I'm not a lawyer and you can throw an ocean liner thru the holes in my post. You can get the performance info from pay services. Still, sometimes it seems very
convenient for some to say "I can't give out my numbers.!"
Good trading to all. I'll go back to my hole now...
