When you say, "lost everything," what exactly are you getting at?
Below is the estimated net performance for October 2008:Tontine 25 Overseas Fund, Ltd.
MTD : -30.60%
YTD : -53.90%
Tontine Capital Overseas Fund, Ltd.MTD: -48.90%
YTD : -63.40%
We value our partners' time and we appreciate you joining us for this conference call.This conference call may not be recorded, rebroadcast or transcribed without the expressed, written consent of Tontine Associates, LLC.
Thank you.[redacted]
Tontine Associates, LLC
203-xxx-xxxx
Posted by guest , Nov 07, 2008 9:20AM
Alan Furst!
Posted by guest , Nov 07, 2008 9:23AM
El Camino: car or truck?
Posted by MarshallStack , Nov 07, 2008 9:23AM
Candid camera?
Posted by guest , Nov 07, 2008 9:24AM
I wonder if people who invested in the Tontine 25 Overseas Fund are thinking "Whew, thank god I didn't invest in the Tontine Capital Overseas Fund, I chose wisely"?
Posted by MarshallStack , Nov 07, 2008 9:25AM
@3 -
That was Alan Funt you moron.
Now cover your shorts and get to the sidelines.
Posted by guest , Nov 07, 2008 9:28AM
Don't frown - double down!
Posted by guest , Nov 07, 2008 9:38AM
@4 YOU TOTALLY MADE MY DAY!!!! and i am sure that some people in stupid geneva-switzerland are thinking that way....
Posted by guest , Nov 07, 2008 9:38AM
I hope management didn't have any money in those funds.
Posted by guest , Nov 07, 2008 9:41AM
those numbers look wrong. Tontine was dow 66.7% through Sep. Numbers dont' match up.
Posted by guest , Nov 07, 2008 9:41AM
What a fucking kick in the junk...
Posted by guest , Nov 07, 2008 9:42AM
@9- that was tontine partners.
Posted by guest , Nov 07, 2008 9:51AM
@9
-66.7% or -53.9% what’s the difference? It’s like waiting in line for a gang-bang, it doesn’t matter if your 1st or 31st you’re still getting screwed.
Posted by guest , Nov 07, 2008 9:56AM
Even with the pounding they've taken, the T-funds are probably all well above their original basis, those guys bought tons of stuff at $1 or $2/share that went to $50, so now it's back at $5.
Posted by guest , Nov 07, 2008 9:57AM
@12, in that example i would rather we first. but if you compared say being 5th or 31st i see your point.
Posted by guest , Nov 07, 2008 10:00AM
@1 best WWII era literary thriller writer reference coupled with DB -- Ever. Quality stuff.
Posted by guest , Nov 07, 2008 10:01AM
@12
you obviously don't understand the mechanics of a gangbang
you are in line and getting screwed? are you a girl and your idea of a gangbang is a long line of girls waiting to get screwed by one guy? How the fuck would that work.
Or you are a guy. but then what's up with the GETTING screwed?
Posted by guest , Nov 07, 2008 10:10AM
too negative; didn't read
Posted by guest , Nov 07, 2008 10:17AM
@4 HAHAHAHAHAHA, good one buddy!
Posted by Anal_yst , Nov 07, 2008 10:24AM
Those #'s invoke images of monkeys, whiskey and darts in hand...
Posted by Seaman Bodine , Nov 07, 2008 10:35AM
i used to cover these guys - couldn't happen to a more smug crew
suck it
Posted by guest , Nov 07, 2008 10:57AM
Are these guys going to shut down?
Posted by StupidEquityGuy , Nov 07, 2008 11:00AM
Sir Anal, TY for the morning chuckle...
~SEG
Posted by guest , Nov 07, 2008 11:19AM
AUM for Tontine?
Posted by guest , Nov 07, 2008 12:16PM
Turn those machines back on! TURN THOSE MACHINES BACK ON!
Posted by american bandersnatch , Nov 07, 2008 12:58PM
"expressed, written consent" - I imagine they applied the same level of accuracy and attention to detail in their trading operation.
Posted by guest , Nov 07, 2008 1:37PM
@Anal_yst #19
The S&P is down about 35-40% YTD, and I assume whatever the comparable index is for an "overseas" fund is probably just as bad, or worse. So, with the amount of leverage on these funds wouldn't they actually be outperforming the market after you adjust for that?
(not that anyone with money in them would actually give a shit one way or the other)