2008 numbers are in.
Moore Emerging Market Fund Ltd: -17.6%
Moore Global Fixed Income Ltd: +1.3%
Moore Global Investments, Ltd: -4.3%
Maverick Fund, Ltd: -26.22%
Pequot Core Global Offshore: -17.5%
Pequot Health Care: -27.9%
Omega Overseas Partners, Ltd: -36.2%
Raptor Global Fund: -20%
Tosca Fund Limited: -67.5%
788 China Fund LTD -94.62%
Greater Europe Fund -84.9%
Russian Prosperity Fund A -76.68%
Turnberry Capital INTL -72.78%
Tosca Fund Limited Class A -67.54%
Templeton Emerging Markets Fund LTD A -52.8%
Quattro Offshore Fund LTD -58.45%
Greenlight Capital Offshore, Ltd: -16.5%
Black Bear OS Fund Ltd ($1.7B Short-biased fund): -37.2%
Stark Multi Strategy: -23%
Davidson Kempner Distressed Opportunity Int'l Ltd: -20.7%
Davidson Kempner Int'l Ltd (Multi-strat): -8.4%
Davidson Kempner Healthcare Int'l Ltd: -30%
Cerberus Intl'l (Distressed Fund): -13.2%
Perry Partners Int'l: -24%
Harbinger Capital Partners Offshore Fund I: -22.7%
Satellite Overseas Fund: -41.8%
Satellite Credit Opp Fund Ltd: -39.5%
Caxton Global Investment Ltd ($6B fund): +0.1%
Tudor B.V.I. Global Fund Ltd: -4.9%
Traxis Fund Offshore: -31.4% (Barton Biggs' hedge fund)
Mulvaney Global Markets Fund LTD +98.28%
Tulip Trend Fund, LTD A +62.05%
JWH Global Strat. Fin & Metal +39.3%
Paulson Advantage Plus LTD +37.58%
Tudor Tensor Fund Limited Class I +35.4%
Peak Partners Offsh FD LTD B +24.45%
Paulson Advantage LTD A +24.04%
Posted by guest , Jan 14, 2009 2:42PM
Global Alpha?
Posted by StillNoCouch , Jan 14, 2009 2:42PM
Mulvaney Global Markets Fund LTD +98.28% -- Next on the Ponzi bandwagon ?
Posted by guest , Jan 14, 2009 2:43PM
I'm actually impressed that 788 managed to be down 95%. That takes some doing.
Posted by guest , Jan 14, 2009 2:44PM
Ok Bernie, we know you are waaaay too bored at the latest Bail hearing, but please stop scratching up these numbers on the back of your docket to keep us placated,
Your Investors
Posted by guest , Jan 14, 2009 2:44PM
-94.62% is the new killing it.
Posted by guest , Jan 14, 2009 2:48PM
Ugh. If -77% is "Russian Prosperity", I'd hate to see Russian impoverishment.
Posted by StillNoCouch , Jan 14, 2009 2:49PM
@6 Bravo ! (I was just going to say that !)
Posted by guest , Jan 14, 2009 2:50PM
Nice job Black Bear...how'd you fuck that one up
Posted by guest , Jan 14, 2009 2:51PM
traders don't lose money, Barton Biggs does
Posted by Garuda , Jan 14, 2009 2:54PM
#3 -- I guess they weren't using stops.
Posted by guest , Jan 14, 2009 2:55PM
@6: pwnage
Posted by guest , Jan 14, 2009 2:55PM
any insight on Goldman SSG?
Posted by guest , Jan 14, 2009 2:55PM
@2. No, managed futures. Your own account in your own name with daily statements provided by the broker. Limited Power of Attorney to the trader. About the most transparent alternative investment out there.
Posted by guest , Jan 14, 2009 2:58PM
Black Bear OS Fund Ltd ($1.7B Short-biased fund): -37.2%
wow. just wow.
Posted by guest , Jan 14, 2009 3:16PM
What's Atticus Capital looking like these days?
Posted by guest , Jan 14, 2009 3:23PM
Ponzi schemes are annotated by the "+" symbol.
Posted by guest , Jan 14, 2009 3:25PM
Tulip trend fund?
too doomed to repeat, didnt learn history.
Posted by guest , Jan 14, 2009 3:25PM
Who gets up early and goes to work at a -90% fund? & Caxton Global +.1 my ass.
Posted by guest , Jan 14, 2009 3:27PM
I'll 2nd a request for Global Alpha and raise for an AQR request.
Posted by guest , Jan 14, 2009 3:30PM
Please tell me that the Tulip Trend Fund is a joke.
Also, anyone know how John Devaney finished the year?
Posted by guest , Jan 14, 2009 3:31PM
@18- these are from the hsbc hf performance report, if caxton lied to them they'd be in huge trouble.
Posted by guest , Jan 14, 2009 3:32PM
please tell me "anyone know how John Devaney finished the year?" is a joke.
Posted by guest , Jan 14, 2009 3:43PM
How about Covepoint? the former Bear Stearns EM fund which I hear follows the BSAM tradition of fraud and deception
Posted by guest , Jan 14, 2009 3:52PM
@22 - @20 here. Yes, it was definitely a joke.
Posted by guest , Jan 14, 2009 3:54PM
Anybody know Exis Capital numbers? Little man was up double digits as of November NYT article...
Posted by guest , Jan 14, 2009 4:00PM
@25 - When you say "little man" are you referring to the tool with 20+ monitors at his desk?
Posted by guest , Jan 14, 2009 4:04PM
Black Bear, short biased fund down 37.2%, that takes talent. I think we just found the next CEO of Citi
Posted by guest , Jan 14, 2009 4:08PM
@18
I was thinking the same thing.
Clown operation.
Posted by guest , Jan 14, 2009 4:08PM
@26 -- Call him a tool if you want, but a fund +53% NET last year and positive this year earns him the right to as many screens as he wants. Just my two cents.
-25
Posted by guest , Jan 14, 2009 4:13PM
tulip trend, cayman islands
Historic Performance
2008 +55.61%* (to 12/17 for the class J, GBP)
2007 +41.10%
2006 +20.40%
2005 +13.06%
2004 +24.70%
Background:
The Tulip Trend Fund invests into the successful Transtrend Diversified Trend Program which has been systematically trading across 230 global futures markets for nearly 15 years. Tulip holds 515M USD in funds under management.*
Tulip Trend Fund has returned an impressive 31.38% per annum (CAR* ).
* GBP Class J effective 17/12/08. Please note this investment is not capital guaranteed and is only suitable for investors who can leave their capital for 3-5 years or more and are prepared for medium risk. Historical performance is no guarantee of future returns.
Posted by guest , Jan 14, 2009 4:25PM
Bushleague formatting skills there. All the decimals should be to the nearest tenths!
Posted by guest , Jan 14, 2009 4:26PM
@13
What the hell do you think Madoff was? Your own account in your own name with regular statements from the broker and limited power of attorney.
Wake up and smell the cat food, Dude.
Posted by guest , Jan 14, 2009 4:26PM
Bushleague formatting skills there. All the decimals should be to the nearest tenths!
Posted by guest , Jan 14, 2009 4:26PM
Bushleague formatting skills there. All the decimals should be to the nearest tenths!
Posted by guest , Jan 14, 2009 4:29PM
take it up with hsbc, who put together the doc, Bushleague [sic] commenter @31 and @34 and @35
Posted by guest , Jan 14, 2009 4:41PM
@ 20 and @ 30. Tulip is not a name to use in the investing game. If it is speculation it is also not a good name because that tulip thing did not end well.
Yours truly,
Bennie
Posted by guest , Jan 14, 2009 4:54PM
@35,
I think he was referring to Bess, not you
Posted by guest , Jan 14, 2009 4:57PM
@37- i realize he was referring to bess (i'm not @30), and i was telling him to take it up with hsbc, which is where the numbers posted came from.
Posted by guest , Jan 14, 2009 5:02PM
@36 Maybe they were being ironic?
Posted by guest , Jan 14, 2009 5:10PM
Can someone post the actual pdf document. Bess, I've also noticed you rarely post pdf files anymore. Is this some legal issue?
Posted by guest , Jan 14, 2009 5:12PM
@40 um, ya think? dumbass.
Posted by guest , Jan 14, 2009 5:13PM
"Bess, I've also noticed you rarely post pdf files anymore. Is this some legal issue?"
no, no legal issues whatsoever with posting a firm's internal documents. genius.
Posted by guest , Jan 14, 2009 5:37PM
@32, Madoff being the broker/dealer who had the ability to create bogus statements is different from you opening an account at broker then assigning LPOA to an outside manager.
Posted by guest , Jan 14, 2009 6:01PM
Black Bear not a short fund. BB began life as a short-bias fund but changed to generalist L/S way back in 1998 or so.
Posted by guest , Jan 14, 2009 9:29PM
JWH Global Strat. Fin & Metal +39.3%
go red sox!
Posted by guest , Jan 14, 2009 10:07PM
F U..
we want the PDFs.
they are so melodramatic...i want to read them,
Posted by guest , Jan 15, 2009 7:56AM
#2--Mulvaney is legit. Trend following commodity/FX/rates. Very volatile, huge swings (I think they were up 45% one month, down 23% another). Part of Man Group. Not a huge fund--probably about $150mm even inclusive up the up 100% year.
Posted by guest , Jan 15, 2009 9:10AM
@25/29 - @26 Here. Point taken. But you might agree the screens are a bit excessive.
Posted by guest , Jan 15, 2009 9:13AM
Anyone seen the number's for Vince Offer?
Posted by guest , Jan 16, 2009 5:35AM
Suprisingly, Madoff didn't find any victims in here. Ingorant and unprofessional.
Mulvaney and Tulip are trendfollowers. Returns 100% understandable and largely replicable. Highly correlating with peers and indices. No Madoff-like magicians.
Managed accounts with well-known independent institutions, not their affiliated broker-dealer. auditors, accountants, administrators well-known and independent.
#30 not even able to find the official website of the tulip fund. gimme a break. do your homework. #2 to call Mulvaney a Ponzi couldn't be more incompetent.
Shut up if you have no clue. Apologies for being so straightforward, but think and research before you badmouth funds or people.
Mulvaney is a top serious guy. He fully and clearly discloses risks. He will tell you in which market environments he will lose money, a lot of money. Same true for Tulip. They don't try to tell you they make money in all market environments. They tell you the truth and make you aware of the high risks.
Posted by guest , Jan 16, 2009 10:58PM
fund managers to investors: "...coulda been worse...coulda been my money".
Patrick
Grosse Pointe
Posted by guest , Jan 16, 2009 10:58PM
fund managers to investors: "...coulda been worse...coulda been my money".
Patrick
Grosse Pointe
Posted by guest , Jan 16, 2009 10:58PM
fund managers to investors: "...coulda been worse...coulda been my money".
Patrick
Grosse Pointe
Posted by guest , Feb 20, 2009 10:37AM
Here is the official site of the Tulip Trend fund... http://www.trend.ky/index.cfm/en/3/performance
The fund is run by Progressive Capital Partners, here is the site
http://www.progressivecapital.com/bottom.htm
They made their money by shorting the stock markets around the world and Interest rates, shorting energy, being long only bonds, dollar and gold and Libor... easy money...
Myself did +20% in 2008 for my personnal account...
Among other funds that performed well are MAN AHL Diversified +21%; Winton Capital etc...