Will you buy timmay's hedge fund book?
- Thread starter ghostzapper
- Start date
Sure, my trading career only spans 9 years though and these numbers have been adjusted to account for my fund's 30% incentive fee and 2% annual management fee so basically, the actual numbers are approximately 1/3 HIGHER:
1999: 564.91%
2000: 292.64%
2001: 35.08%
2002: 86.89%
2003: 6.06%
2004: 20.37%
2005: 23.56%
2006: -25.83%
2007: -10% (estimated through Aug)
For a 9-year average annual return of 110.41%.
bobby babak --- where's your track record? timmay posted his, where's yours?
surf
surf
When I started my fund I was cocky enough to believe my superior numbers made my fund worthy of a higher free structure. It's now 2 and 20, but I never adjusted my track record numbers to account for the fee change just so I could lowball my track record because my large gains actually worked against me in that they made people suspicious
Something did happen (which you can read all about soon!), but FoFs and accredited investors were staying away from me long before my drawdown started. The problem with my fund is that my strategy is not scalable, it's somewhat risky, and I'm a one man shop. I didn't take any of these issues into consideration when I started, all I knew was that I had a consistently profitable strategy and I wanted to take larger positions.
Quote from marketsurfer:
bobby babak --- where's your track record? timmay posted his, where's yours?
surf
bobby who? My name is Bob Rowshan surferboy.
My track record doesn't have a single minus sign in front of any of my years. Plus, I don't whine that my results "should be" 1/3 or whatever higher if you take out fees. Fees are a part of this business, and leave it to timmy to be the first person i've ever heard to say "my results should be 1/3 higher".
I'll do better than post mine, i'll come on his "show" and illustrate them. That is surferboy, if you make a substantial bet with me and make it worth my while. The bet is: I put both you and your gay lover timmy to shame (if that's possible), and destroy both of your track records according to any and all impartial observers. This would make for a great pre-publicity stunt, so why is my bet not being accepted?
raising capital is extremely difficult even with pedigrees, trackrecords and edge for a small fund. its the classic catch 22, no one will give you money untill you reach a certain critical mass, but you can't reach that mass without anyone giving you money.
FOF and institutional money is even more difficult---one needs a substanitial back office, well known auditors, administrators, contingency back up plan, redundent technology, etc----generally, all costing much more than a small fund can afford.
its much more difficult than it appears.
regards,
surf
FOF and institutional money is even more difficult---one needs a substanitial back office, well known auditors, administrators, contingency back up plan, redundent technology, etc----generally, all costing much more than a small fund can afford.
its much more difficult than it appears.
regards,
surf
just post them here, tough guy. then if your lucky, timmay will invite you once again to his show.
do you run a fund, otherwise, why are you talking about fees??
surf