Who needs John Paulson? Not Paolo Pellegrini.
Canned by JP for his bad attitude, this Italian Stallion knows that living well is the best revenge. And so far, Pellegrini’s PSQR Management is living very well, up almost 65% this year.
But the return reported in the October monthly is a good deal lower than it was in the quarterly report. Indeed, the fund is now up less year-to-date than it was in January according to the quarterly, although the fund didn’t plummet last month.
Interesting.
23258501 PSQR Investor Report September 2009
PSQR October 2009 Report
This dude is in the running for richest Ex-FIG Banker:
Others include:
-2 or 3, Ex-CEOs of Re-Insurers
-Bilionaire PE Fund head
-Husband of Hollywood star
-Cashed out CEO Life Re-Insurer
-Poker Super Bowl Finalist
-Lotto winner
the first report shows gross #s, the monthly shows net. +80% gross and +64% net makes sense.
without jan, the guy is basically running a money market fund this year…
Investorcluzo: you’re a moron. It takes skill do do what he did in Jan 09 and 2008. Also, better to preserve capital when you don’t have strong conviction.
@3
If your strategy is shorting, 50% of the time it works all the time.
Kind of like how Swensen (the guy that runs Yale endowmen) was like the jesus of endowment managers, since he predominantly invested in real estate in the last 20 years. Then they lost 1/4 of the pot last year.
@3. Yes, and without his positive months, he is running a negative return fund.
@4 – hey a$$hat, is that luck or skill? even a broken clock is right twice a day. yahoo finance is calling.
@4 pay this hack, cluzo, no attention. He’s not a trader or PM. He’s in IB. Not hatin’ on IB, just on your clown ass.
typical case of HF manager making a killing in one month and then just playing it safe to collect his fees.
if he’d fucked up in january, $1 says he would have been far more aggressive the rest of the year
2+20 doesnt work…
@9 He has not collected much in the way of fees because it has been primarily his own capital. funds just opened up to outside capital.
@4 Hang up your hat. Do you think it was simple to produce that result in 2008 when the markets were in complete turmoil? It was all of his own money- to have the conviction he did with everything on the line was quite impressive. But I’m sure this is all in a day’s work for cluzo…
@8/@11 – in your effort to “school me” you’re missing the point…notice he has “monthly” subscriptions. tell me how happy you are if – after seeing january’s outstanding returns (not taking anything away from that performance) – you gave him $1 mm and all you got was money market returns (and the market raced up 50% since feb)? it doesn’t take a PM to understand that.
@12 please introduce us all to the money market fund that pays 11%+ in 9 months- not even in Brazil can you get that. Stop embarrassing yourself and learn something about the markets…I suggest you study compound interest first…
[...] Earlier: Who needs John Paulson? Not Paolo Pellegrini. [...]
[...] Earlier: Who needs John Paulson? Not Paolo Pellegrini. [...]
[...] Earlier: Who needs John Paulson? Not Paolo Pellegrini. [...]