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Will you buy timmay's hedge fund book?
- Thread starter ghostzapper
- Start date
One of the tell tale signs of an fund 'blowing up' is the length of time from the end of month for a performance estimate to be released.
Funds that smoke the benchmark release reports at like 12:00:01 on the 1st day of the new month.
Funds that get smoked tend to avoid releasing their numbers as long as they possibly can. If they are down 9.5% ending June, they refrain from updating so they do not slide farther than their peers. Obviously, the funds investors can demand an estimate, in fact the offering memorandum spells out the duty of the manager to provide a return estimate, generally no later than the 5th day of the next month.
Pretty apparent this fund has gotten smoked, or blown up as is the industry jargon for funds that have undergone a -20% YTD drawdown.
With the launch of the book coming up, no way will this fund post its results.
If on the other hand he had spanked the benchmark, he would be all over it.
Funds that smoke the benchmark release reports at like 12:00:01 on the 1st day of the new month.
Funds that get smoked tend to avoid releasing their numbers as long as they possibly can. If they are down 9.5% ending June, they refrain from updating so they do not slide farther than their peers. Obviously, the funds investors can demand an estimate, in fact the offering memorandum spells out the duty of the manager to provide a return estimate, generally no later than the 5th day of the next month.
Pretty apparent this fund has gotten smoked, or blown up as is the industry jargon for funds that have undergone a -20% YTD drawdown.
With the launch of the book coming up, no way will this fund post its results.
If on the other hand he had spanked the benchmark, he would be all over it.
Hey man..welcome back...the place had quieted dow...although Timmay has a new admirer in the other thread.....fxtraderwill.....guy is hammering Timmay
Tell Seben I am sorry....I'll buy him a new connect the dots book to make up for it...should keep him busy for a year or so...
Tell Seben I am sorry....I'll buy him a new connect the dots book to make up for it...should keep him busy for a year or so...
Quote from Darkside:
SEBEN ANGRY YOU SPOIL HIS JOKE!!!!!
That's great, everybody's style is very different, but it never hurts to look at others. That's the point of this guy's review:Quote from ptunic:
I plan on buying the book, though more for entertainment than other aspects. (No offense to Tim, it's just our styles are different).
Good luck and thanks for sharing your experiences.
http://alephblog.com/2007/07/28/book-review-–-an-american-hedge-fund-by-timothy-sykes/
Quote from EPrado:
Hey man..welcome back...the place had quieted dow...although Timmay has a new admirer in the other thread.....fxtraderwill.....guy is hammering Timmay
Tell Seben I am sorry....I'll buy him a new connect the dots book to make up for it...should keep him busy for a year or so...
ha ha yeah matter of fact man I just posted something asking where you were to catch the Hammer of God FxTraderwill was dropping on the other thread. ha ha!
Glad to be back.
Quote from EPrado:
Yes....he has gone over the line with the Dial-A-Timmay....damn..I still cant say that without laughing....
I was at Busch Gardens yesterday and started cracking up thinking about it....you know the Dial-A-Timmay has to be fucking stupid if it makes me laugh even when I'm on vacation.
Timmay-good one. heh heh Dial-a-Timmay
has SEBEN and FROZZLEBOTH called collect yet?