Would you let McMillan control your money?

Do you mean instead of learning to trade yourself?


or in addition to your own trading as a means of diversification.

Steve
 
Quote from steve46:

Do you mean instead of learning to trade yourself?


or in addition to your own trading as a means of diversification.

Steve
More...

Why? If you trust him well enough, and his performance is adequate, then why not let him handle the options part of the portfolio?

I'm actually more interested in his volatility arbitrage fund, which is beyond what I want to get into. Is it true that if you don't fsck it up that arb can be risk free? I've heard that before. I assume it means that if you don't have a profit locked in then don't do the trade.

I'm diversified in bonds, emerging international markets (which aren't exactly emerging these days), and other stuff. Not too much in US equities at the moment.
 
this guy knows his theory and wrote a couple of good books on the subject, but I don't know if he can trade for a living.

RedOptions had him run a strategy for a few months, but quickly withdrew his service. I don't think the results were good, thus the decision.
 
Call 'em up!



Hedge Fund

McMillan Analysis Corporation
is the Portfolio Manager
for the Hardel Volatility Arbitrage Fund

This is a 3(c)(7) fund.

For further information, please visit www.hardelcapital.com
or contact:
Brian Toelle
Managing Partner
Hardel Capital Management
715 824 2700
 
Nevermind. I found it. Not too impressive, I think I'll pass. Plus, with the $1M minimum I wouldn't have much left to lose on my own :) .

BTW, I guess I have a different idea about arbitrage than they do. I thought it was a sure deal for profit, like buy/sell the S&P and sell/buy the individual stock only when there is a difference. Sounds like they are making volatility bets, that IV and real volatility are different and 'should' converge.
 
If an expert like Macmillan can't make money trading options, who can? I am curious what skills is he lacking? Directional reading on the market, maybe?

Thanks for any thoughts on this.
 
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