Whoa, WTF drawdown in Olsen Invest's FX Fund

Corso482 · Oct 26, 2005

https://www.olseninvest.com/docs/performanceRiskProfile.php?riskProfile=6

Wonder what happened here. :eek:

Sanjuro · Oct 26, 2005

35% Performance Fees.
That is just sick!

DT-waw · Oct 26, 2005

My guess is they traded against the 600-pips down trend all the way, probably adding to a losing position.

Olsen's oldest program is down more than 10% since it's inception 4 years ago https://www.olseninvest.com/docs/performanceHFF.php?shareType=EUR1

bolter · Oct 26, 2005

He's obviously a better broker than fund manager. So much for the whole notion of " High Frequency Trading".

dont · Oct 26, 2005

I know of one broker that trades a hedge fund through himself rather than another cheaper broker. Weird but he refuses to admit that what he is doing is fraud.

FXsKaLpEr · Oct 26, 2005

Quote from dont:

I know of one broker that trades a hedge fund through himself rather than another cheaper broker. Weird but he refuses to admit that what he is doing is fraud.

are you trying to say Oanda's Dr. Richard Olsen is trading a hedge fund thru his Oanda brokerage?

Is that what this whole thread is about?

hano53 · Oct 26, 2005

hello american traders,

Iam an australian day trader I find this site very interesting.
ill be very happy to hear from a fellow American day traders.
maybe to exchange some trading secrets. LOL

cheers

Johnny

dont · Oct 26, 2005

Quote from FXsKaLpEr:

are you trying to say Oanda's Dr. Richard Olsen is trading a hedge fund thru his Oanda brokerage?

Is that what this whole thread is about?

No thats not what I am saying it was in reply to post about perhaps he's a better broker than trader.

But you never know maybe thats what he's doing

DT-waw · Oct 26, 2005

http://www.iasg.com/dilligence.asp?ID=388
saisGroup questionnaire

page 10:
q: who is your prime broker(s)? could an investor clear through another of his choice?
a: an investor could use any broker. our automatic trading works on the OANDA FX trading platform

page 11:
q: at what brokerage firms are you currently approved?
a: Morgan Stanley, OANDA

dont · Oct 26, 2005

I have noticed that all the clever posts come from people registered before 2002.