SP Trader - Huge returns...anyone invested with them

P

Preston Forbes

SPtrader.com is something a few colleagues have talked about lately, its a fund you can buy into for a small amount, like 6k USD, but for a real share you need 400k USD.
One colleague has only 6k there right now...and is making 2% a month....nothing spectacular, but has anyone heard about them or invested with them before?

And no Im not affiliated with them in any way...just curious about a fund with rather big results...

Here is the yearly performance...I cut and pasted from their website

%TOTALS
54.00 - 2000
61.47 - 2001
75.21 - 2002
95.34 - 2003
153.89 - 2004
45.70 - 2005
25.85 2006


http://www.sptrader.com/track-record-2-1/index.html
 

Attachments

Their equity curve looks too good to be true. You could bet the ranch on a fund with a Sharpe ratio of 5 and quickly have all the money in the world.

Why would they even bother to take outside money with a record like that? Much less pikers with 6k minimum accounts.

Traveler
 
Yeah....so true isnt it, it appears to be Americans running it from Switzerland, someone I know actually went to meet them.
With those returns I would expect Goldman or MAN to just give them 300mil to trade for them privately and shut up....thats what Ive seen with other good traders/funds/systems....
 
Quote from Preston Forbes:

...nothing spectacular, but has anyone heard about them or invested with them before?

... someone I know actually went to meet them.
More...

You know...sometimes...is it really worth it...never mind...
 
They claim to be a fund but what is the name of the fund and where is it licensed ?

It all looks very fishy to me
 
It's really hard to believe. I would like to invest if they are real.
What prevents them from closing down and keeping your money?

www.register.com for www.sptrader.com

Registrant:
SP Trade Investments Capital Ltd
John Nichols (3086836725) (sptrader_fund@yahoo.com)
212 Piccadilly
London
NA,W1J
GB
Tel. +447.092017493

Creation Date: 30-Apr-2004
Expiration Date: 30-Apr-2008
 
I wouldn't be surprised if this turns out to be a HYIO scam (high yield income opp) - these are ALL scams. They are set up like a pyramid scheme - people late to the party are left holding the bag. I did a search and found them mentioned on some HYIO sites.
 
You must log in or register to reply here.
Back
Top