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Hedge fund manager "truly sorry" for 99.8% loss

http://www.cnbc.com/id/102356275 I don't know what that c...
cerise confused shrine
  01/21/15
For the record, in Rudolph math it is a 50,000% loss.
hairless toaster
  01/21/15
ouch
cerise confused shrine
  01/21/15
That's 1000% right.
misunderstood cowardly den giraffe
  01/21/15
...
Pale people who are hurt stead
  01/21/15
No. Investcorp is PE.
beady-eyed institution
  01/21/15
intergalactic NOWAG is alive and well
Laughsome parlor
  01/21/15
expected this to be an onion link.
Fear-inspiring kitchen kitty cat
  01/21/15
No worries, he just needs to show a 3000000% return next yea...
Fantasy-prone Sanctuary
  01/21/15
Powerball currently at $142 million lump sum. He can buy 100...
cerise confused shrine
  01/21/15
...
Pale people who are hurt stead
  01/21/15
now the question is does that include his 2% managemnent fee...
out-of-control startling queen of the night
  01/21/15
of course. you get paid that regardless
Embarrassed to the bone crackhouse
  01/21/15
The guy gambled and lost. That's why people invest in hedge...
Vengeful pearly pisswyrm school
  01/21/15
but that's not fair!
carnelian balding mental disorder
  01/21/15
This is what I don't get, this should be a fucking celebrati...
Vengeful pearly pisswyrm school
  01/21/15
...
thirsty disgusting legal warrant
  01/21/15
Uh no, people do not invest in hedge funds to lose 99% of th...
Fantasy-prone Sanctuary
  01/21/15
...
Pale people who are hurt stead
  01/21/15
That's actually the first thing I thought of.
Fantasy-prone Sanctuary
  01/21/15
...
Pale people who are hurt stead
  01/21/15
let me get my conclusion out of the way. you are a moron. l...
carnelian balding mental disorder
  01/21/15
Let me get the bort consensus out of the way. You fucking su...
Fantasy-prone Sanctuary
  01/21/15
Non-responsive
mind-boggling mint digit ratio theater stage
  01/21/15
non-responsive
Fantasy-prone Sanctuary
  01/21/15
it's not pretty obvious, dipshit a single investment increa...
carnelian balding mental disorder
  01/21/15
please stop responding to my posts. You are a dumb faggo...
Fantasy-prone Sanctuary
  01/21/15
maybe if you say pretty please or admit you are a moron ob...
carnelian balding mental disorder
  01/21/15
I am a moron Pretty please give a blowjob to your Glock.
Fantasy-prone Sanctuary
  01/21/15
How do you know it had small upside?
mind-boggling mint digit ratio theater stage
  01/21/15
...
Pale people who are hurt stead
  01/21/15
CR. tremendous upside with very low probabilities = low expe...
multi-colored painfully honest resort love of her life
  01/21/15
except your post is exactly why anne is a moron anne says l...
carnelian balding mental disorder
  01/21/15
yes she must have meant low EV
multi-colored painfully honest resort love of her life
  01/21/15
No shit they don't invest to lose 99% of the principal. But...
Vengeful pearly pisswyrm school
  01/22/15
*loses 99,800,000 of other people's money* *walks away wi...
180 honey-headed bawdyhouse weed whacker
  01/21/15
...
Charismatic Church Building
  01/21/15
To be fair this is nothing compared to the kind of shit that...
slate talented piazza generalized bond
  01/21/15
Explain
Black garrison striped hyena
  01/21/15
This thing blew up pretty quickly and wasn't systemic. Can't...
slate talented piazza generalized bond
  01/21/15
i guess he learned it's harder to do this w/o inside info.
Aphrodisiac haunting stag film
  01/21/15
LJL @ giving Raj Rajaratnam's trader any money JFC Guy...
multi-colored painfully honest resort love of her life
  01/21/15
holy shit. how bad must his losses have been to bet everythi...
concupiscible canary clown hunting ground
  01/21/15
what's the problem with that? galleon group had great return...
vibrant hospital pistol
  01/21/15
This is true as long as it isnt a ponzi scheme The issue ...
multi-colored painfully honest resort love of her life
  01/21/15
Wouldn't be surprised if he stole the money and said he lost...
mind-boggling mint digit ratio theater stage
  01/21/15
lol i thought this was gonna be about some snotty hf manager...
dashing filthpig
  01/21/15
This dude will be going to jail.
misunderstood cowardly den giraffe
  01/21/15
...
Pale people who are hurt stead
  01/21/15
Update: He did not go to jail
cerise confused shrine
  09/30/26
his investors should go to jail for their retardation
passionate parlour goal in life
  09/30/26
hope he's doing well
wild contagious point
  09/30/26


Poast new message in this thread



Reply

Date: January 21st, 2015 2:55 PM
Author: cerise confused shrine

http://www.cnbc.com/id/102356275

I don't know what that comes out to in Rudolph maths.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158864)



Reply

Date: January 21st, 2015 3:25 PM
Author: hairless toaster

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)



Reply

Date: January 21st, 2015 3:30 PM
Author: cerise confused shrine

ouch

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159052)



Reply

Date: January 21st, 2015 3:58 PM
Author: misunderstood cowardly den giraffe

That's 1000% right.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159227)



Reply

Date: January 21st, 2015 3:00 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158892)



Reply

Date: January 21st, 2015 4:37 PM
Author: beady-eyed institution

No. Investcorp is PE.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159481)



Reply

Date: January 21st, 2015 3:03 PM
Author: Laughsome parlor

intergalactic NOWAG is alive and well

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158908)



Reply

Date: January 21st, 2015 3:03 PM
Author: Fear-inspiring kitchen kitty cat

expected this to be an onion link.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158912)



Reply

Date: January 21st, 2015 3:04 PM
Author: Fantasy-prone Sanctuary

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)



Reply

Date: January 21st, 2015 3:08 PM
Author: cerise confused shrine

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)



Reply

Date: January 21st, 2015 3:06 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158925)



Reply

Date: January 21st, 2015 3:08 PM
Author: out-of-control startling queen of the night

now the question is does that include his 2% managemnent fee?

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158936)



Reply

Date: January 21st, 2015 3:15 PM
Author: Embarrassed to the bone crackhouse

of course. you get paid that regardless

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158985)



Reply

Date: January 21st, 2015 3:10 PM
Author: Vengeful pearly pisswyrm school

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)



Reply

Date: January 21st, 2015 3:27 PM
Author: carnelian balding mental disorder

but that's not fair!

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159036)



Reply

Date: January 21st, 2015 3:30 PM
Author: Vengeful pearly pisswyrm school

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.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159051)



Reply

Date: January 21st, 2015 3:37 PM
Author: thirsty disgusting legal warrant



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159097)



Reply

Date: January 21st, 2015 3:35 PM
Author: Fantasy-prone Sanctuary

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.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159081)



Reply

Date: January 21st, 2015 3:39 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159111)



Reply

Date: January 21st, 2015 3:41 PM
Author: Fantasy-prone Sanctuary

That's actually the first thing I thought of.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159121)



Reply

Date: January 21st, 2015 3:45 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159143)



Reply

Date: January 21st, 2015 3:43 PM
Author: carnelian balding mental disorder

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'

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159129)



Reply

Date: January 21st, 2015 3:45 PM
Author: Fantasy-prone Sanctuary

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.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159140)



Reply

Date: January 21st, 2015 3:48 PM
Author: mind-boggling mint digit ratio theater stage

Non-responsive

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159160)



Reply

Date: January 21st, 2015 3:48 PM
Author: Fantasy-prone Sanctuary

non-responsive

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159165)



Reply

Date: January 21st, 2015 3:50 PM
Author: carnelian balding mental disorder

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.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159177)



Reply

Date: January 21st, 2015 3:51 PM
Author: Fantasy-prone Sanctuary

please stop responding to my posts.

You are a dumb faggot whose flame is tiresome.

-Everyone, ever.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159185)



Reply

Date: January 21st, 2015 3:55 PM
Author: carnelian balding mental disorder

maybe if you say pretty please

or admit you are a moron

obviously

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159211)



Reply

Date: January 21st, 2015 3:57 PM
Author: Fantasy-prone Sanctuary

I am a moron

Pretty please give a blowjob to your Glock.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159224)



Reply

Date: January 21st, 2015 3:47 PM
Author: mind-boggling mint digit ratio theater stage

How do you know it had small upside?

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159154)



Reply

Date: January 21st, 2015 4:25 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159393)



Reply

Date: January 21st, 2015 4:31 PM
Author: multi-colored painfully honest resort love of her life

CR. tremendous upside with very low probabilities = low expected value

Like betting on the Knicks to win the NBA finals right now

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159441)



Reply

Date: January 21st, 2015 4:45 PM
Author: carnelian balding mental disorder

except your post is exactly why anne is a moron

anne says low upside, you say the opposite

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159535)



Reply

Date: January 21st, 2015 5:16 PM
Author: multi-colored painfully honest resort love of her life

yes she must have meant low EV

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159704)



Reply

Date: January 22nd, 2015 12:41 PM
Author: Vengeful pearly pisswyrm school

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)



Reply

Date: January 21st, 2015 3:14 PM
Author: 180 honey-headed bawdyhouse weed whacker

*loses 99,800,000 of other people's money*

*walks away with $6,000,000 in salary*

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158977)



Reply

Date: January 21st, 2015 3:15 PM
Author: Charismatic Church Building



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27158984)



Reply

Date: January 21st, 2015 3:34 PM
Author: slate talented piazza generalized bond

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)



Reply

Date: January 21st, 2015 3:38 PM
Author: Black garrison striped hyena

Explain

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159103)



Reply

Date: January 21st, 2015 3:41 PM
Author: slate talented piazza generalized bond

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)



Reply

Date: January 21st, 2015 3:39 PM
Author: Aphrodisiac haunting stag film

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)



Reply

Date: January 21st, 2015 3:48 PM
Author: multi-colored painfully honest resort love of her life

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

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159162)



Reply

Date: January 21st, 2015 4:02 PM
Author: concupiscible canary clown hunting ground

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)



Reply

Date: January 21st, 2015 4:10 PM
Author: vibrant hospital pistol

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)



Reply

Date: January 21st, 2015 4:30 PM
Author: multi-colored painfully honest resort love of her life

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

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159430)



Reply

Date: January 21st, 2015 3:48 PM
Author: mind-boggling mint digit ratio theater stage

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)



Reply

Date: January 21st, 2015 4:00 PM
Author: dashing filthpig

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)



Reply

Date: January 21st, 2015 4:03 PM
Author: misunderstood cowardly den giraffe

This dude will be going to jail.

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159255)



Reply

Date: January 21st, 2015 4:27 PM
Author: Pale people who are hurt stead



(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#27159407)



Reply

Date: September 30th, 2026 2:04 PM
Author: cerise confused shrine

Update: He did not go to jail

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162383)



Reply

Date: September 30th, 2026 2:32 PM
Author: passionate parlour goal in life

his investors should go to jail for their retardation

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162417)



Reply

Date: September 30th, 2026 2:50 PM
Author: wild contagious point

hope he's doing well

(http://www.autoadmit.com/thread.php?thread_id=2788137&forum_id=2#50162458)