The Implications Of Schindler and VN
- Thread starter Pa(b)st Prime
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ahhh..new name..daily updatesâ¦benchmarks
http://www.schindlertrading.com/index.php?page=performance
http://www.schindlertrading.com/index.php?page=performance
Schindler is evidently all about reducing volatility as his graph shows from 2001 just 10% invested in his fund along with 90% s&p and zero bonds greatly enhanced returns! By such logic 20% in the fund and 80% s&p is even better and so on... that is how dolts wind up 100% of their retirement in managed futures- it's called greed. How giving this man $20 grand does anything but enrich him is beyond me. But evidently if the index he decides to track is down say 3% in a month then by utilizing the great Schindler method our returns become less up and down somehow by his increased up and down... in other words the whole system makes no sense. If you are good and can beat an index then why not ask for all the money that is out there? If over long periods of time you have ups and downs and still in the long run beat the index, folks will stick by you when you have a bad qtr or two.... If by nature managed futures are more risky than straight stocks why not employ leverage yourself and skip the fees.?
1.5 to 2% backed out out of a 3% loss for the month is a way to smooth out returns too- just fire the guy already and move on. ~ stoney
1.5 to 2% backed out out of a 3% loss for the month is a way to smooth out returns too- just fire the guy already and move on. ~ stoney
H20 have you ever gambled? If so then you would know what I am talking about is progressive reasoning and if you ever took a debate class you would know about black and white fallacies... both are employed here by lemmings who readily hand their money over to others promising HIGHER returns. Nothing ever is for free and especially so when it concerns Mr. market. Now if you tell me put just $20,000 in and you will double your money.... let's just say it happens... then you are sitting their with $40,000 and everything is great right? Now more opportunities, I give $40,000 and I get $80,000 back Nirvana! I'll just go home now with my $120K and declare victory right? Wait there is a foreign opportunity fund that will allow even HIGHER investments with the same outsized returns! So I give my $120,000 over and begin shopping for my new car and planning my vacation... when those bills come and I ask for my money I am surprised to find out it's all shrank back to my initial investment, even less in fact- I walk away from the whole process with $7,000.
It's all about the fees baby! That's how small hedge funds really stayin business, performance in most cases is an afterthought, just do well enough to establish a three or five year record and then let the money roll in; what happens after that is of little consequence to the fund runner, the fees are booked. It's fees vs drawdowns and that's why some are preventing customers from taking their cash back....
Put this all through your water filtration system
H2O and get back in touch when you have a better argument. ~ stoney
It's all about the fees baby! That's how small hedge funds really stayin business, performance in most cases is an afterthought, just do well enough to establish a three or five year record and then let the money roll in; what happens after that is of little consequence to the fund runner, the fees are booked. It's fees vs drawdowns and that's why some are preventing customers from taking their cash back....
Put this all through your water filtration system
H2O and get back in touch when you have a better argument. ~ stoney
Boy BJL you have a lot to learn. I have been in the investing game for over twenty years it has taken THAT long to find an honest outfit. Behind the scenes it's all a big joke and the joke is on you. Your holy mangers own $'s are put in at the beginning and get the fund- if it has a NAV- at the ultimate best price. There are ways of backdating legally and setting up constant drips into the fund at set prices that are not what you or me or the average joe ever gets. Why don't you ring up your local fund and " demand " they put their own money up! When the line goes dead post here again and I'll help you through it. Go to Goldman Sachs and better yet, hire a private eye and do a little digging , see if those exec's have the same cost basis as everyone else in their fledgling funds; then check their bonuses and then check how much is reinvested to help the other investors..... you don't have to be a grizzled vet to know the game just be aware and know the entire system is rigged, it always has been and it always will be. If you are smart enough to go your own way, non of this will matter, if you blindly give your $'s away to others, you will learn the hard way... it's all about the fees... and when you see a prospectus that looks good that may only take 2% after a certain milestone is reached ask yourself and of them- do they charge themselves the same fees? Some of these outfits like Ron Assana's new one are just facilitating piggy backing on big hedge funds by pooling assets, so once you get through the first fee structure, you get another. You may end up paying 4% to get a 10% return and after taxes and fees.... by the time the dust settles and the paperwork is done you would be better off just having someone honest manage your account which is what I do... Through my years I have developed the contacts that has led to me having a hedge fund manager managing my account pewrsonally, so I get some of their home runs and all of their thinking and watching and maneuvering, IPO's if I want them, & they have long short funds too, so if I want to go to the dark side that can be done as well. This works well. I don't ever want my $'s to be unavailable to me or restricted to 4 times a year to take it out. Jana parters Shoetenfeld that guy in Westchester who's in Barrons- Art Sanberg, my family has been through them all.
Where I am now is a totally above board outfit. They may have their investments personally tied up in the funds or not, but be aware they are always on the hunt for new money and from my inside perch I can tell you that they pay the daily bills with the FEES! And by brotherinlaw is a big broker at Wackyovia and there too much of the day is spent figuring out who will take these dead letter secondaries
because there is a nice FEE there for him too.
The days of someone making money off their stock picking ability and getting just a reduced commission.... well those days are gone.
Take the blinders off and you may not like what you see but it's best to be informed.
When you see insider buying on a stock before celebrating look at the numbers- are they just small purchases dwarfed by bigger sells in the past? Take that same attitude to these hucksters and their managed futures and pie in the sky graphs and you will do better.~ stoney
Granted, my comments were a bit generalized. But I've been in this business for over 10 years and am running my own fund so I do have some knowledge.
Sure, the big IBs are all out to get you (and everyone else for that matter), but there are a lot of good HF guys out there that have a large personal stake in their funds. (Too bad in the case of LTCM and Peloton, kudos in the case of Renaissance and BP Capital for instance).