Schindler Trading

ProfitTakgFool · Oct 16, 2008

There's nothing wrong with removing this from his site but the performance of his old fund MUST be in the disclosure documents. And now that you mention his site.....I wonder if he knows he needs to be registered with the SEC to put up a site.

Quote from 99atlantic:

The old thread got closed, but did anybody notice that he launched a new fund and deleted all mention of the old one from his site?

Too funny - if one fund blows up sweep it under the rug and start a new one

ProfitTakgFool · Oct 16, 2008

Am I looking at the right site here? Looks like the performance of the new fund isn't going well either.

http://www.schindlertrading.com/index.php?page=performance

fluttrader · Oct 16, 2008

Quote from ProfitTakgFool:

There's nothing wrong with removing this from his site but the performance of his old fund MUST be in the disclosure documents. And now that you mention his site.....I wonder if he knows he needs to be registered with the SEC to put up a site.

SEC for futures ?

stock_trad3r · Oct 16, 2008

I knew he was a putz from the start. No surprise.

ProfitTakgFool · Oct 16, 2008

Yes, if you are advertising to the public. Having a website up qualifies as advertising to the public. If you don't do this then you don't have to register with the SEC, just the CFTC. The SEC gets involved when you cross the line from private to public.

Quote from fluttrader:

SEC for futures ?

ProfitTakgFool · Oct 16, 2008

If he did that then he is also in violation of Blue Sky Laws.

Quote from Port1385:

Aaron had come on here to pump and advertise his fund. He even lured a few elitetraders to invest money.

GTS · Oct 16, 2008

Quote from Pekelo:

I noticed but so what?ERASED is the operative word. At the end of the year, you look at the endresults, and not what it was like back in May or Sept.

Not sure what your point is - he is TARGETING 5-10% outperformance not GUARANTEEING it. For a while he was able to achieve it, recently he has not.

When the markets started to slide, he should have hedged it with his futures and he could have kept his 5% edge or even increase it....

Wow, if only he had you around to point this out to him at the time. Thanks Mister 20-20 hindsight.

Edit: I see all the ET wannabe lawyers and assorted losers have gravitated to this thread to put in their worthless opinions. Classic ET. Anyone who thinks he violated any laws or rules should contact the appropriate authorities instead of blowing smoke here.

Clubber Lang · Oct 16, 2008

Quote from GTS:

If you read the description of the EIP fund then you would know its objectives.

http://www.schindlertrading.com/index.php?page=trading_program

Its really irrelevant what investors would demand of other funds/managers. He created a fund that is primarily designed to track the EAFE index so its not surprising that his fund is down with that index.

He does not have the latitude to simply stop tracking the index and go to cash because then it wouldn't be following its core principle.

Aaron seems like a very nice guy and I wish him the best.

That being said, this fund really makes no sense.

This is from his website--

"With the addition of the short term futures trading strategies the program targets a return of the EAFE Index plus 5-10%. Because the futures trading is uncorrelated with the core EAFE position, the program is similar in volatility to the EAFE index alone. "

-------------------------

An investor could simply buy EFA. It's the ETF that tracks the EAFE index.

The ETF expense is only .34% compared to Schindler's 1.0% and the investor could move to cash any time he wants.

The only upside to Schindler is the 5%-10% "extra" from his "proprietary futures trading".

The risks far outweigh the rewards.

GTS · Oct 16, 2008

Quote from Clubber Lang:

That being said, this fund really makes no sense.

This is from his website--

"With the addition of the short term futures trading strategies the program targets a return of the EAFE Index plus 5-10%. Because the futures trading is uncorrelated with the core EAFE position, the program is similar in volatility to the EAFE index alone. "

-------------------------

An investor could simply buy EFA. It's the ETF that tracks the EAFE index.

The ETF expense is only .34% compared to Schindler's 1.0% and the investor could move to cash any time he wants.

The only upside to Schindler is the 5%-10% "extra" from his "proprietary futures trading".

The risks far outweigh the rewards.

Yea I agree. The 5-10% juice comes from uncorrelated futures trading (the same trading that he uses/used in his now closed original fund) - the combination of the two don't make a lot of sense to me. Seems like two kinds of investments that you would want to keep separate.

Brandonf · Oct 16, 2008

Quote from sammybea:

I am actually a supporter of Aaron and would like to follow in his footsteps in some ways..

But why should anyone invest in a fund that is competing with larger players who have a team of PHd's that would likely destroy any edge you have on the quant side?

Seems like this is a recipe for disaster..

agree

Schindler Trading

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