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Hedge fund manager "truly sorry" for 99.8% loss
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Date: January 21st, 2015 2:55 PM Author: opaque deep church http://www.cnbc.com/id/102356275
I don't know what that comes out to in Rudolph maths. |
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Date: January 21st, 2015 3:25 PM Author: fuchsia mexican For the record, in Rudolph math it is a 50,000% loss. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159027) |
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Date: January 21st, 2015 3:30 PM Author: opaque deep church ouch (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159052) |
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Date: January 21st, 2015 3:58 PM Author: Cerise philosopher-king queen of the night That's 1000% right. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159227) |
Date: January 21st, 2015 3:00 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158892) |
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Date: January 21st, 2015 4:37 PM Author: Red dog poop No. Investcorp is PE. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159481) |
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Date: January 21st, 2015 3:03 PM Author: Emerald Fragrant Affirmative Action Son Of Senegal intergalactic NOWAG is alive and well (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158908) |
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Date: January 21st, 2015 3:03 PM Author: maroon idea he suggested trailer park expected this to be an onion link. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158912) |
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Date: January 21st, 2015 3:04 PM Author: stirring milk lettuce No worries, he just needs to show a 3000000% return next year. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158916) |
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Date: January 21st, 2015 3:08 PM Author: opaque deep church Powerball currently at $142 million lump sum. He can buy 100k tickets. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158934) |
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Date: January 21st, 2015 3:06 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158925) |
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Date: January 21st, 2015 3:08 PM Author: ebony pozpig now the question is does that include his 2% managemnent fee? (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158936) |
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Date: January 21st, 2015 3:15 PM Author: bonkers set filthpig of course. you get paid that regardless (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158985) |
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Date: January 21st, 2015 3:10 PM Author: alcoholic exhilarant hospital prole The guy gambled and lost. That's why people invest in hedge funds. It's right there in the disclosure that you could lose all of your money. If you're not happy w/ dem 6% returns on your mutual funds and ETFs, you run the risk of this. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158945) |
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Date: January 21st, 2015 3:27 PM Author: charismatic parlour but that's not fair! (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159036) |
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Date: January 21st, 2015 3:30 PM Author: alcoholic exhilarant hospital prole This is what I don't get, this should be a fucking celebration of the current system. It shows why hedge funds are only for accredited investors and people who can handle a major loss like this. But instead we get the fucking JOBS Act trying to let everyone in because "that's not fair!!"
Investing is gambling. You want a chance for big gains, you get a chance for it. We can't guarantee everyone will succeed in the market. |
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Date: January 21st, 2015 3:37 PM Author: Bisexual keepsake machete university (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159097) |
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Date: January 21st, 2015 3:35 PM Author: stirring milk lettuce Uh no, people do not invest in hedge funds to lose 99% of their principal.
This guy obviously invested in something extremely risky with a very small upside. |
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Date: January 21st, 2015 3:39 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159111) |
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Date: January 21st, 2015 3:41 PM Author: stirring milk lettuce That's actually the first thing I thought of. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159121) |
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Date: January 21st, 2015 3:45 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159143) |
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Date: January 21st, 2015 3:43 PM Author: charismatic parlour let me get my conclusion out of the way. you are a moron. let's hear about how you concluded that the upside was 'obviously' 'very small' |
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Date: January 21st, 2015 3:45 PM Author: stirring milk lettuce Let me get the bort consensus out of the way. You fucking suck.
HTH
It's pretty obvious that the risk this guy took on was not justified by the potential return.
The only way you lose this much money in such a small amount of time is by betting 100% of your capital on a single investment, which basically violates every fucking rule of responsible investing. |
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Date: January 21st, 2015 3:48 PM Author: poppy rough-skinned principal's office idiot Non-responsive (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159160) |
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Date: January 21st, 2015 3:48 PM Author: stirring milk lettuce non-responsive (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159165) |
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Date: January 21st, 2015 3:50 PM Author: charismatic parlour it's not pretty obvious, dipshit a single investment increases risk, it doesn't reflect on upside if it tanks or on downside if it quadruples. btw, you are a moron for thinking it does. |
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Date: January 21st, 2015 3:51 PM Author: stirring milk lettuce please stop responding to my posts.
You are a dumb faggot whose flame is tiresome.
-Everyone, ever. |
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Date: January 21st, 2015 3:55 PM Author: charismatic parlour maybe if you say pretty please or admit you are a moron obviously |
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Date: January 21st, 2015 3:57 PM Author: stirring milk lettuce I am a moron
Pretty please give a blowjob to your Glock. |
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Date: January 21st, 2015 3:47 PM Author: poppy rough-skinned principal's office idiot How do you know it had small upside? (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159154) |
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Date: January 21st, 2015 4:25 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159393) |
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Date: January 21st, 2015 4:31 PM Author: alcoholic spot becky CR. tremendous upside with very low probabilities = low expected value
Like betting on the Knicks to win the NBA finals right now |
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Date: January 21st, 2015 4:45 PM Author: charismatic parlour except your post is exactly why anne is a moron anne says low upside, you say the opposite |
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Date: January 21st, 2015 5:16 PM Author: alcoholic spot becky yes she must have meant low EV (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159704) |
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Date: January 22nd, 2015 12:41 PM Author: alcoholic exhilarant hospital prole No shit they don't invest to lose 99% of the principal. But that's always a possibility and always disclosed as such. You also, quite clearly don't know what upside means. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27164129) |
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Date: January 21st, 2015 3:14 PM Author: adulterous menage *loses 99,800,000 of other people's money*
*walks away with $6,000,000 in salary* |
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Date: January 21st, 2015 3:15 PM Author: laughsome effete dragon (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158984) |
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Date: January 21st, 2015 3:34 PM Author: Know-it-all base To be fair this is nothing compared to the kind of shit that caused ITE (see AIG, Bear Stearns, etc) (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159067) |
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Date: January 21st, 2015 3:38 PM Author: Adventurous useless brakes state Explain (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159103) |
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Date: January 21st, 2015 3:41 PM Author: Know-it-all base This thing blew up pretty quickly and wasn't systemic. Can't say that about ITE, and yet those bastards made off with a mint and didn't give a fuck. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159115) |
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Date: January 21st, 2015 3:39 PM Author: Well-lubricated space weed whacker i guess he learned it's harder to do this w/o inside info. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159109) |
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Date: January 21st, 2015 3:48 PM Author: alcoholic spot becky LJL @ giving Raj Rajaratnam's trader any money
JFC
Guy apparently gambled ALL his remaining AUM on short dated out of the money S&P calls banking on a huge run up before christmas
Instead the S&P cratered through mid december and dude lost it all |
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Date: January 21st, 2015 4:02 PM Author: ungodly new version holy shit. how bad must his losses have been to bet everything? he must have been ready to killlself the week before christmas. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159248) |
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Date: January 21st, 2015 4:10 PM Author: up-to-no-good coffee pot locale what's the problem with that? galleon group had great returns. i would happily give my money to a hedge fund that aggressively used inside information to trade. the risk doesn't fall on the fund investors. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159299) |
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Date: January 21st, 2015 4:30 PM Author: alcoholic spot becky This is true as long as it isnt a ponzi scheme
The issue is that Raj was the one wheeling and dealing. This dude was just his trade execution monkey |
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Date: January 21st, 2015 3:48 PM Author: poppy rough-skinned principal's office idiot Wouldn't be surprised if he stole the money and said he lost it. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159164) |
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Date: January 21st, 2015 4:00 PM Author: hairraiser bawdyhouse cumskin lol i thought this was gonna be about some snotty hf manager pretending to care about the fact that almost no americans can have houses, families, cars, retirements, decent lives, regular season nfl tickets, or cable tv anymore. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159235) |
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Date: January 21st, 2015 4:03 PM Author: Cerise philosopher-king queen of the night This dude will be going to jail. (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159255) |
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Date: January 21st, 2015 4:27 PM Author: Razzmatazz carnelian step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159407) |
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Date: September 30th, 2026 2:04 PM Author: opaque deep church Update: He did not go to jail (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162383) |
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Date: September 30th, 2026 2:32 PM Author: beady-eyed jet corner his investors should go to jail for their retardation (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162417) |
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Date: September 30th, 2026 2:50 PM Author: thriller messiness hope he's doing well (http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162458) |