Posted by guest , Jun 04, 2009 10:57AM

@cluzo- um, no. they were down between 70-80 percent last year.

Posted by guest , Jun 04, 2009 10:57AM

only 1000% to go til they make their high water marks.

Posted by guest , Jun 04, 2009 11:01AM

What's 20% * 72% * $1MM?

/have no idea what their actual fee structure is

Posted by guest , Jun 04, 2009 11:03AM

@3, cluzo's been here since day one; pretty sure he knows this

Posted by guest , Jun 04, 2009 11:05AM

@6- apparently not, if he thinks gendell is in any position to be buying property.

Posted by guest , Jun 04, 2009 11:10AM

@7, I don't think he was being 100% serial there

Posted by guest , Jun 04, 2009 11:17AM

Paulson Loses US$165 Million On Barclays Short

http://www.finalternatives.com/node/8123

Please discuss...

Posted by guest , Jun 04, 2009 11:18AM

Lets put this in perspective. They closed the old funds, raised $12 million to start the new, which of course wiped out the old high water mark. $12 million though is nothing in this space and the partners probably put in most of that. So now they have a very short record that hopefully will impress a new round of investors who they hope will ignore their old record. Their story will be that this is impressive cause the old fund used leverage, this one doesn't. So on a risk adjusted basis.. blah blah.... Could work, but its too soon to declare this as the start of the return of the good times.

Posted by guest , Jun 04, 2009 11:19AM

@10- that was in write offs yesterday, thanks for being quick on the uptake.

Posted by guest , Jun 04, 2009 11:23AM

@12

Who is this guest and why does he hurt me so good.

Posted by guest , Jun 04, 2009 11:25AM

Cluzo, I agree. We were down 51% last year, up 43% a/o today. I understand 60% more to go to get even, but we run family(not mine)$$, so the payout is different. That being said on June 30 the three of us are splitting a $400k bonus. Things are looking better. Also we are in the Midwest, not New York, so I may pick up a property.

Posted by guest , Jun 04, 2009 11:28AM

@11, they're not truly sans leverage if they're investing in highly levered companies, which they'd have to be to get 72%.

Posted by guest , Jun 04, 2009 11:29AM

@11- wayyy too soon. and "blah blah blah" is right.

Posted by guest , Jun 04, 2009 11:50AM

Jerry : The New York Yankees?!

Ruth, Gehrig, DiMaggio, Mantle ... Costanza?

George : I'm the assistant to the travelling secretary. I'm going on the road trips with them! I'll be on the plane... I'm working in Yankee Stadium! This is a dream, I'm busting, Jerry, I'm busting!

And I' moving out of my parents' house, I'm taking that apartment on 86th street, remember the one we saw?

Jerry : That's a great place!

George : I'm back in business, baby!

Jerry : George, I wouldn't get too excited about this stuff, you know, things have a way of evening out.

Posted by guest , Jun 04, 2009 12:02PM

BWEN