A slight draw down

[nunrgguy]

Quote:
Lessons have been learned from this and the challenges that have caused this draw-down have been brought under control and cannot impact us again going forward

I bet the challenges have got the boot

 

[DionysusToast]

I bet the challenges have got the boot

They are now making the tea !

 

[PualoP]

after losing 70% in jan, im sure the investors that didnt pull out then have been watching the fund every day..

Unfortunateley, none of the investors knew they had lost 70% in Januray:

http://www.businessweek.com/news/20...e-fund-says-january-loss-was-70-not-1-1-.html

 

[jm99]

wow.....lacking a bit of diversity he he

 

[Black Swan]

Now suck my willy

unfookinbelievable...a small hedge fund firm (based in Southend) destroys capital from 40 mil to 1mil...Jeezus wept, if a few of us had run it we could have kept it at least level surely (after paying ourselves a *decent* salary + commission)...how the fook do these guys get these opportunities, where is the constant dilligence...? And who the fook created that joke of a logo...? Why does Lars look like he's just done some 'rooms...? and why is Mimi on a year long sabbatical?? taps nose...

http://www.ebullio.co.uk/ourteam.html

http://www.ebullio.co.uk/newsevents.html

 

[crude_lover]

unfookinbelievable...a small hedge fund firm (based in Southend) destroys capital from 40 mil to 1mil...Jeezus wept, if a few of us had run it we could have kept it at least level surely (after paying ourselves a *decent* salary + commission)...how the fook do these guys get these opportunities, where is the constant dilligence...? And who the fook created that joke of a logo...? Why does Lars look like he's just done some 'rooms...? and why is Mimi on a year long sabbatical?? taps nose...

http://www.ebullio.co.uk/ourteam.html

http://www.ebullio.co.uk/newsevents.html

more importantly who the hell would invest in a hedge fund located in the southend on sea

 

[Black Swan]

more importantly who the hell would invest in a hedge fund located in the southend on sea

Uh oh...now you've gone and done it..the Essex boys will be 'on thread' soon. Nothing wrong with Southend mate, spent many a nice day down there 16 years ago when my Daughter was first born, daunted by the responsibility of being a new Dad wondering what the fook am I gonna do with the rest of my life....? Not much has changed..

Anyhow they're based in The Caymans...

 

[Hoggums]

From reading that article sounds to me like they had no intention of reporting the 70% Jan loss and were gambling hard to make the money back in Feb - which didn't pay off.

Utter utter incompetance. There's absolutely no excuse for such a huge loss.

 

[Black Swan]

From reading that article sounds to me like they had no intention of reporting the 70% Jan loss and were gambling hard to make the money back in Feb - which didn't pay off.

Utter utter incompetance. There's absolutely no excuse for such a huge loss.

IMHO I reckon it's fraud...strange thing is I reckon it's so small time (relative to the largesse/hubris that existed/still does exist in that niche), it's probably big players only losing 100K each, no more than an accounting blip, it'll go nowhere..

 

[elitejets]

more importantly who the hell would invest in a hedge fund located in the southend on sea

Some of us (myself and thread starter included) invested in a fund located in a bedroom in St Leonards on Sea. We know how that ended.

 

[N Rothschild]

was that dantes hedge fund, or wasps?

 

[superfly]

“You don’t see it
coming, until it’s​

gone.....”

 

[wackypete2]

Gotta love this part:
"The good news is that whilst our NAV is obviously
impacted to the low side by this, the Fund continues
to do business as usual."

I guess it gives investors loads of confidence to know the ship is sinking but the the captain hasn't noticed.

Peter

 

[DionysusToast]

Gotta love this part:
"The good news is that whilst our NAV is obviously
impacted to the low side by this, the Fund continues
to do business as usual."

I guess it gives investors loads of confidence to know the ship is sinking but the the captain hasn't noticed.

Peter

LOL !

Well - seeing as 'business as usual' is 70% drawdowns, it makes you wonder who would feel better at reading this.