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Devastating article on Hussman
- Thread starter billyjoerob
- Start date
That fund is a train wreck. You know how hard it is to lose a quarter of your money in a supposed "market neutral" strategy the last 6 years?
Just another example of a "hedge fund genius" who still got rich the last six years while losing everyone's else's money.
Just another example of a "hedge fund genius" who still got rich the last six years while losing everyone's else's money.
Hussman never gets bad press and only gets good press, so this is really a change of tone. He had the good fortune to open up his bear fund at the height of the 2000 bubble (although I think somebody said he had another fund before that) and then was lucky enough to live through another crash and another round of suckers pouring money into his fund. He really is the worst and least honest of the bears. If anyone cites Hussman it's immediately discrediting.
I posted on him here back in 2013.
http://www.elitetrader.com/et/index.php?threads/hussman-drawdown.279960/
I posted on him here back in 2013.
http://www.elitetrader.com/et/index.php?threads/hussman-drawdown.279960/
what are his aum(assets under management)? then you can figure out how much money he made.How do you know he "still got rich the last six years"?
He averaged roughly 3-4 Billion AUM for the last decade.How do you know he "still got rich the last six years"?
At 1% per year that's 30-40MM a year for a decade.
I would say that's rich.
He averaged roughly 3-4 Billion AUM for the last decade.
At 1% per year that's 30-40MM a year for a decade.
I would say that's rich.
Definitely not rich by fund manager standards his peer group and a fund doesn't run on $0....
OK, so 300-400 million even if he only keeps 1/3 of it himself isn't rich?Definitely not rich by fund manager standards his peer group and a fund doesn't run on $0....
And this wasn't a comparison to other fund managers, it was to prove a point that over the last decade he's lost over $1,000,000,000 of his investors money yet he still cashed out $100,000,000+ for himself.