The Economist - "Going nowhere fast" (article about Hedge Funds)

[Fool]

Performance Summary

Total Net Profit $961,779.80
Gross Profit $1,367,177.04
Profit Factor 3.37

Total Number of Trades 1569
Percent Profitable 74.38%
Winning Trades 1167
Losing Trades 402
Even Trades 0

Total Shares/Contracts Held 1,589,300
Total Commission $22,693.92

Return on Initial Capital 19.24%
Annual Rate of Return 72.82%

Avg. Monthly Return $240,444.95
Std. Deviation of Monthly Return $269,055.45

Trading Period 2 Mths, 27 Dys, 5 Hrs, 50 Mins
Percent of Time in the Market 54.51%
Time in the Market 1 Mth, 17 Dys, 2 Hrs, 31 Mins
Longest Flat Period 5 Dys, 21 Hrs, 21 Mins

Max. Equity Run-up(Daily) $1,180,815.69

 

[piezoe]

Quote from Fool:

Performance Summary

Total Net Profit $961,779.80
Gross Profit $1,367,177.04
Profit Factor 3.37

Total Number of Trades 1569
Percent Profitable 74.38%
Winning Trades 1167
Losing Trades 402
Even Trades 0

Total Shares/Contracts Held 1,589,300
Total Commission $22,693.92

Return on Initial Capital 19.24%
Annual Rate of Return 72.82%

Avg. Monthly Return $240,444.95
Std. Deviation of Monthly Return $269,055.45

Trading Period 2 Mths, 27 Dys, 5 Hrs, 50 Mins
Percent of Time in the Market 54.51%
Time in the Market 1 Mth, 17 Dys, 2 Hrs, 31 Mins
Longest Flat Period 5 Dys, 21 Hrs, 21 Mins

Max. Equity Run-up(Daily) $1,180,815.69

Get back to us when the trading period equals 20 years and I will make a decision on whether to invest. As the guy who jumped out of the skyscraper said, "so far, so good!"

 

[Fool]

Take out all the profit periodically and restart with $5 million again. For example, every three months. Capish?

 

[Fool]

Dear Piezoe,

That major Bozo no-no opinion of yours has the dubious distinction of being not only outrageously puerile but also a double redundancy... in the long run we are all dead, and face it, when we are dead we don't need to make decisions any more.

Sincerely,

Fool

 

[Ash1972]

Quote from marketsurfer:

Man, hearing this kind of covel talk gives me the willies!

very dangerous ----please post your results and the funds you are in-- i'll be interested in a first hand account--- but please don't sit through the typical drawdown--you may lose all your money/ my bet is the big trend funds will all be gone in the next 5 years... be very afraid

Thanks for the advice - I'm sure it's well intentioned. But.. were you also saying this at the end of 2008?

I figure you're an experienced, well connected guy who doesn't trade but advises some serious investors. Therein lies the difference.. you're trying to make a living relatively safely, I'm trying to be the next Paul Tudor Jones

IMO it's very important to select a CTA with state of the art risk management, which more often than not means an emerging CTA. The best funds have tightly managed drawdowns BUT as a consequence have fewer opportunities to make money. In the long run avoiding losses takes precedence over everything else.

 

[marketsurfer]

Quote from Ash1972:

Thanks for the advice - I'm sure it's well intentioned. But.. were you also saying this at the end of 2008?

I figure you're an experienced, well connected guy who doesn't trade but advises some serious investors. Therein lies the difference.. you're trying to make a living relatively safely, I'm trying to be the next Paul Tudor Jones

IMO it's very important to select a CTA with state of the art risk management, which more often than not means an emerging CTA. The best funds have tightly managed drawdowns BUT as a consequence have fewer opportunities to make money. In the long run avoiding losses takes precedence over everything else.

All good points--- I agree, find the right emerging CTA and it should equal $$--- my beef is with the behemoth institutionalized so called trend funds--not emerging CTAs best wishes! surf

 

[Option_Attack]

Quote from Fool:

You can come to my funds. Here is a sample performance report. $5 million minimum account requirement No margin is used.

I dunno...according to legend you will probably be separated from your capital in a short period of time...