So, former Fortress PMs Philippe Peress and Jonathan Ratcliffe are apparently starting a hedge fund, scheduled to launch sometime between July and August. Can’t say we’re particularly interested, given that our money is already locked up in Ball Gag Capital, but perhaps one or two of you might be? As of mid-June only $50 mill had been raised, so it’d be nice if someone would fork over a little cash. If you need convincing, the marketing materials, which were dropped outside our door in an envelope marked only “Dealbreaker” sans address about ten minutes ago,* can be found after the jump.
*Guessing the cloak and dagger nature of it all had something to do with the issue of the SEC frowning upon this sort of thing but for future reference to any of you budding managers looking to have DB disseminate your business, know that we don’t bite unless expressly asked to do so and have no problem going to jail for our sources.
Liquid Macro Harness [PDF]
Investor Relations chick’s name: Nina Gineva. I love a good rhyme.
Makes me feel better about my Investor Presentation.
nice graphs
Now I see why Madoff’s model was so attractive to investors.
this will not end well
@2
Beat me to it, ha.
I am mesmerized by the pretty graphs and charts. I feel a strange desire to hand them my wallet.
Yup, it’s confirmed, Phil is still a douche….
Under Risk Assessment, are the stress tests handled in house, or are they just going by TG and Beardo’s pipe dreams?
Its inWESTor!
Will they be setting up shop in Dallas?
Wouldn’t some softcore porn help this? There aren’t any rules against softcore in an soi or prospectus.
their returns look as bad as their presentation…
Page 14 of this “Understanding how to benefit opportunistically from the
asymmetrical pay-offs that accrue when uncertainty is crystallised by an event trigger enhances performance returns and preserves capital”
Page 16 of the original Brevan Howard marketing material circa 2003: “Understanding how to opportunistically benefit from the asymmetrical payoffs
that accrue when uncertainty is crystallised by an event trigger”
probably just a coincidence…
skeet skeet skeet
NINA GINEVA NINE VAGINA
Page 14 of this “Understanding how to benefit opportunistically from the
asymmetrical pay-offs that accrue when uncertainty is crystallised by an event trigger enhances performance returns and preserves capital”
Page 16 of the original Brevan Howard marketing material circa 2003: “Understanding how to opportunistically benefit from the asymmetrical payoffs
that accrue when uncertainty is crystallised by an event trigger”
probably just a coincidence…
@15 they’ve raised 50 mm
Monitoring is good, and they do monitoring.
They should hire that guy from Madoff who is proficient in Excel and Word…spruce up that document a bit.
They should hire that guy from Madoff who is proficient in Excel and Word…spruce up that document a bit.
If I was an investor, and looked at that presentation…I would laugh and move along, that was Busch League..BUSCH
-@19
That was @15′s point I think. $50? What do you do with that?
my money’s all in Prestige Worldwide
Investors?? You??
Nina Gineva graduated from the University of Geneva
I swear to God. You can’t make this shit up (or are they?!)
It’s pronounced Gyneva you pricks.
Comment removed by moderator.
Bess – I’m starting Morningwood Capital Management. Let me tell you about our firm:
Our investments will focus mostly on the resession proof global vice sectors: Porn, Booze, Prosties/Escorts, Gak, and Junk Food.
Our risk management process is triggered by use of the safeword expression “BLANUS FEATHER”, at which point we pull out of Margret, ahem, the market, put on a silk robe, smoke a doob and lay back our plush porno-set inspired office furniture.
Our investment staff includes: Daniel Poon, head of trading; Harry Bollocks, CIO; Lahrge Johnson, Cuntitative Modeling; and Connie Lingus, Head of Back Orafice Relations.
Investors must be accredited and over the age of 18. Capital lockups will apply but investors can opt out by signing a BDSM waiver.
Can you help us get the word out and raise some cash?
“efficient usage of capital”
I’m sold.
gnom! like a baby’s arm…
Im a seller
Comment removed by moderator.
Good Evening,
We have been requested by the Fortress Investment Group to remove any
references to the performance history and track record information made within the Harness Liquid Macro Fund presentation materials (at pages 5 and 6) which we have provided to you.
We kindly ask you to remove and delete these pages from your files and
replace them with the attached updated presentation materials.
We look forward to discussing the opportunity set within the
macroeconomic investment environment and meeting at your convenience
Best
Philippe
PHILIPPE PERESS
Chief Executive Officer
Harness UK LLP
1a Avery Row
London
W1K 4AJ
Tel: + 44 207 290 7740
Mobile + 4179 373 0508
Good Evening,
We have been requested by the Fortress Investment Group to remove any
references to the performance history and track record information made within the Harness Liquid Macro Fund presentation materials (at pages 5 and 6) which we have provided to you.
We kindly ask you to remove and delete these pages from your files and
replace them with the attached updated presentation materials.
We look forward to discussing the opportunity set within the
macroeconomic investment environment and meeting at your convenience
Best
Philippe
PHILIPPE PERESS
Chief Executive Officer
Harness UK LLP
1a Avery Row
London
W1K 4AJ
Tel: + 44 207 290 7740
Mobile + 4179 373 0508
Free press: not censorable by the IR dept of your former employer, especially not for fabricating your track record there. Sorry, maybe try contacting google china if you want your misinformation blocked.
I love the legalese. Have Brevan Howard’s lawyers contacted you to advise that you should tell DealBreaker they aren’t allowed to cite your plagiarism of their 2003 prospectus? ? ?
I don’t understand why my earlier comment was deleted by the moderator except that Peress must have somehow protested the truth being out there about him.
Raised 20 mio at 1/2 fees from a bucketshop, not 50.
Lost 200-300 mio in his final year at Fortress.
Completely fraudulent track record that he had to remove from the prospectus and write that letter to all who had been sold a false bill of goods.
Those are facts and not slanderous and not in any way worthy of deletion by the moderator. Please let the truth be told.