Been interested in getting invested in the hedge fund game but after shopping around various firms not quite found the right fit? Having some trouble swinging the minimum at LaBeouf Capital Management? Great news! A can’t-lose opportunity has come along. Litigator Sarah Bernett has founded hedge fund Bernett Diversified Global Fund, catering to “low- and middle income individuals.” Here are the deets:
* Minimum investment: $1,000
* Money raised so far: $30,050 from four non-accredited investors
* 2% management fee, no performance fee disclose
* Headquarters: Bernett’s apartment on East 81st Street.
* Prime broker: TD Ameritrade.
Lawyer Founds Hedge Fund With $1000 Minimum Investment [FINalternatives]
I only deal with Scottrade
Is she hiring?
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sign me up.
-sc
Im Bernie Madoff, whats a ponzi scheme??
is that a strict number or are they flexible?
@6 make me your best offer.
-sarah
Anal_yst, what does give you pleasure? Thoughts?
Does she port alpha? I don’t want to port alpha.
~San Diego County Employees Retirement Association member
@7 i have about $6.43 from bottle deposit refunds
-@6/LD
I hear she’s going to trade her FX with the Travelex currency exchange counter at JFK.
A thousand dollars does not a QIB make. This broad is probably planning on taking your money and buying a hundred Fat Wallet tickets from a bodega.
@11 FTW
Are any Nobel laureates on her advisory board? That is important, you know. Being smart is real important.
@11 FTW
@12…so what?! Might beat the returns at Motherrock.
What kind of lock-up period are we talking about here?
I bet the biggest expense of the fund will be the legal fees she herself is charging it. No conflict there I’m sure.
-Timmay
You all just keep laughing, it is possible to become fantastically wealthy doing this.
–Tim Sykes
2% on $30,050 is the new killin’ it
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Does she have a dollar menu?
11 just won the internets.
@13/15/23
http://www.amazon.com/Internet-Dummies-John-R-Levine/dp/0764506749
@13/15/23 = 11
This investment club (aka hedge fund) is definitely not too big to fail. Its the wave of the future. Get on board, or get the hell out of the way.
@25 = 11
She learned everything she knows from this book (sorry cg):
http://www.amazon.com/exec/obidos/ASIN/0812930088/themotleyfool
I’ll let you deposit money into my Schwab account and I’ll only charge 1.5%. Helllloooo positive carry!
I hear she plans on getting out of her long RBOB position by just driving around for a while.
I hear you have the option to take your payouts in the form of poon
Umm, i’m pretty sure without offering documentation and due diligence on the investors, this is illegal. Excellent.
pending opine from my legal counsel i’d like to invest $9.50. Take it or leave it dingleberry
@30 Nice.
@30….Tom O’Malley?
@36 I applaud your inability to detect a joke/sarcasm.
A few edits to this item are necessary:
The name of the hedge fund is Bernett Diversified Global Fund, L.P. – not Bernett Capital Management, LLC, which is the General Partner of the hedge fund.
The “money raised so far” and number of investors is updated as of January 8, 2010.
Just because I launched a hedge fund doesn’t mean it is a scam.
hello @38
Sarah @38 -
Yes it does. Anyone from another profession professing (see what I did there?) to offer financial expertise is 100% certain to be a scammer.
And you should know I’ll be watching you like a hawk.
A mean, nasty, red-underpants-wearing hawk.
-Mark Klein, MD
hello @38
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@38 Sarah, any comments regarding @31?
To #40: That’s the problem with people who have trouble reading and comprehending. I never anywhere said or implied that I am “professing to offer financial expertise.” You know nothing about my background, nothing about my experience investing, nothing about my hedge fund, and apparently not much about life except that you take cruel enjoyment in slandering those you don’t know and cutting down anybody who is receiving the limelight.
Sarah – Mark Klein, MD is nothing. You’d better toughen up that hide before vicious animal liars like this Beth Levin creature get around to you, or they’ll eat you alive.
-Biff
PS – you’re new around here, ain’t ya?
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RECEIVE THE LIMELIGHT!!!
Paging Mr. Joke Briefer, Mr. Briefer, please report to the thread immediately, Mr. Briefer . . .
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@38/44
Care to acknowledge, in order, comment #’s 12 and 32?
Hey Bess, can we get a weigh-in from you on @49?
Perhaps you should call an attorney.
~Hedge Fund Lawyer
@49– a Dollar Dominatrix
I personally invest all of my savings in KMP Capital Management.
HSD
But for third parties I am starting a new hedge fund. For the first three months my fees are -2 / -20.
Shia LB can kiss is movie goodbye to DVD if this is coming out. Who are they going t get to play Angelo Mozillo and Joe Cassano?
http://nymag.com/daily/entertainment/2010/02/vulture_exclusive_brad_pitt_op.html
Vulture Exclusive: Brad Pitt Options Michael Lewis’s Upcoming Book About the Housing Bubble
My responses to the following:
2. Check my website
3. Madoff was not a lawyer, and I was not arrested
4. Check my website
5. Not worthy of a response
6. Check my website
7. This is an imposter; I did not post this.
11. Check my website
12. Stop writing lies. Slander is punishable and actionable.
14. If you knew anything about hedge funds, then you’d know that hedge funds don’t have advisory boards. You are confusing hedge funds with mutual funds.
17. One month lock-up period.
18. I am not charging my hedge fund legal fees. Stop making up lies about me or my hedge fund. Get psychological help for your propensity to lie.
22. I am not opening a restaurant.
29. See http://www.bernettcapital.com to learn of FDIC-insured banks yielding 4% APY
31. Not worthy of a response
32. Who says I don’t offer hedge fund offering documents? Why do you imply that I’m not? Why don’t you ask? Has anybody hear of the principle of having an opinion based on facts?
33. Check my website
42. Not worthy of a response
45. I am new here. I sent a correction request e-mail to Beth Levin. So far, no response.
46. 2% is the fee. The hedge fund is not allowed to charge 20% as per SEC laws regarding small hedge funds.
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For a Lawyer, I would have thought you’d have the sense to disable comments (for a non-lawyer, I’m not so naive so as to leave one myself, however).
http://www.bernettcapital.com/comment/reply/9#comment-form
Also, care to elaborate on your strategy besides ETF’s and mutual funds? Why would anyone pay you 2% when most wrap accounts are 50-150bps from much more established managers?
wow! you manage $30 g’s and still have time to reply to every post on DB?
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@56 / Sarah
Nice, but do you think I should visit your website?
Responses to:
52. I am an attorney.
58. I need to be aware of and respond to lies and inaccuracies propagated about me and my hedge fund. It is not about “being offended” it is about stopping slander and lies. The web is a small place since 1994.
59. Not worthy of a response.
60. Subject and verb missing.
61. The website reference was addressed to specific posts to address inaccurate statements and assumptions. If you wish to avail yourself of public information in the form of a website, you may do so at your own risk. Last time I checked I was living in the United States – this is not China yet where they’d prevent you from accessing a public website.
@62 / Sarah
肏你祖宗十八代
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Oh my God . . . I am, like, so receiving the limelight right now.
The sbernett person has to be a troll. Has to be.
$30 large AUM and an @yahoo.com addy are the new killing it.
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Sarah – there is a joke here you’re not getting.
See, this small investor idea has already been discussed, and actually implemented, by posters on this board. I think doing a little research on Handbridge Capital Partners would help you fill in the gaps. There are virtual mountains of information on the subject, although some of the commentary (especially near the consummation of the deal) is explosive.
Hopefully this will help you understand some of the inside jokes being bandied about.
anal_yst ftw for the win
Sarah, would you care to respond to the second part of Anal_yst’s thoughts @58? I’m still not sure what your edge is with alpha generation that I can’t achieve with my personal account.
70 – thank you. Some of the comments make sense in this light; not the personal attacks on my character though.
So, I don’t mean this as a personal attack, but this just seems like a scheme to “publish” returns in hopes of doing something else in one’s life. This woman has no finance/investment experience (from what I could tell), $30k from 4 people? = family & friends. I know the area where this “fund” is based and it’s basically pre-war walk-up apartments. Yes, good to see that the 2% on $30k is not going to office, bloomberg, research, etc.!
Friends and former colleagues of mine have considered this as a stepping stone to launch larger funds. My advice is always, just invest your personal money, hire a CPA to sign-off that you’re not selectively reporting returns and leverage that. People look like a joke launching a fund of this size and you risk doing irreperable damage to your family and friends’ savings. My two cents but I could be completely off…
…not to mention people that typically consider this are 22 year old 1st year analysts right out of college.
Brings to mind the signalling effects of a late 20s/early 30s attorney who most recently worked “at various law firms” who is now considering this…not a pretty proposition.
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Look, I agree with #75 that this is just a way to get one’s name out there. That said, it’s a horribly risky (and stupid) way to do so.
I am not an attorney but having worked in finance and advising new funds, I know enough to say this is an absolute recipe for disaster (both in the legal profession and future opportunities in finance down the road should she choose to pursue that path).
That said, no personal digs against her. I wish her luck. But, this just does not look like it will end well.
Some of the posters on this board are douchebags/rude-jokes, etc. but I sincerely think this is a train-wreck (not regulatory-wise, but for her professionally)
I wonder if she is really trying to make some sort of legal financial point about hedge fund regulations, and gain some fame in challenging existing laws.
That might make sense.
If not though, I hope she does manage to create something, no matter the smallness/outlandishness of the effort.
I think that guy above (@10:50#74) was quite wise.
@sbernett
Look, I’m not trying to rain on your parade, but why the hell would I want a lawyer (one who hasn’t supplied a single credential and appears to be thoroughly out of her league) to manage my money with ETF’s and mutual funds AND charge me 200bps for the privelege of shit I could do:
1. on my own with like 2 hours worth of “research” on morningstar with likely the same/similar success for 0bps additional
2. pay half as much to have…wait for it…actual, professional money managers do it, across a number of strategies, allocations, etc, etc.
Look, I’m a big fan of the underdog, and bucking the system in general, but unless you provide ALOT more information there’s no chance I can believe what you’re doing is anything but retarded, at best.
oh, also, does working at a personal injury and “consumer protection” firm qualify you to run a hedge fund?
According to the NY State Attorney Registry, at least at one point you worked for http://www.morellilaw.com/index.php, no?
Of course, you may be the next investor superstar, strange things happen every now and then. Maybe you’ve spent all your spare time the past decade studying your ass off, maybe you have a Sykes-esque audited record of turning your Bar Mitzvah money into millions.
However, current odds on you are running somewhere around 17,000:1, give or take.
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From the website’s careers section:
“Potential Investors are requested to refrain from reading the information below. The Securities and Exchange Commission does not think you are sufficiently intelligent to handle certain information that is revealed below which is directed solely at those seeking employment opportunities with the corporate entities referenced in this website.”
A lawyer wrote that?
@83 – Ha! I hope this is a joke. And if not, may G*d have mercy on you soul.
@83 – Ha! I hope this is a joke. And if not, may G*d have mercy on you soul. And blessed art thou Blankfeins.
@76 Many hedge funds have advisory boards at the management company level. From small to multi-billon $AUM. Does ‘you’re a hedge fund lawyer’ mean you applied to school one time and got rejected? I bet you have “Candidate for CFA Level 1″ on your resume too.
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@89 FUCK FUCK FUCK. You even tried to warn me. I wont be eating lunch today.
@70 welp that settles it. You won.
@91 73 adds to its brilliance.
your ad hominem attacks against this hedge fund manager are despicable. You have nothing better to do than attack her new hedge fund. You don’t know if she’s qualified, so you decide she’s unqualified? are you so narrow-minded to think people who have professions – attorneys, architects, whatever – can also be managing money for themselves / others, and successfully? What gives you the right to judge without facts whether she is a brilliant financial investor or mediocre or not good at all? You have zero evidence to base the nasty words you use to malign Ms. Bernett’s reputation and companies. Shame on all of you who have resorted to such unjust personal attacks on someone without any basis in fact.
your ad hominem attacks against this hedge fund manager are despicable. You have nothing better to do than attack her new hedge fund. You don’t know if she’s qualified, so you decide she’s unqualified? are you so narrow-minded to not be able to comprehend that people who have professions – attorneys, architects, whatever – can also be managing money for themselves / others, and successfully? What gives you the right to judge without facts whether she is a brilliant financial investor or mediocre or not good at all? You have zero evidence to base the nasty words you use to malign Ms. Bernett’s reputation and companies. Shame on all of you who have resorted to such unjust personal attacks on someone without any basis in fact.
The first question we should take off the table is qualifications. There really are no qualifications for being a hedge fund manager. If you haven’t been *disqualified* you’re qualified.
That being said, you need to have something to tell people to persuade them to invest with you, and there a proven track record helps and big AUM also helps (this is called “social proof” – people will do almost anything if they think a bunch of other people are doing it).
re 95: agreed, but what 75% of the (negative) commentators here forget or “pretend” to forget is that Ms. Bernett is constrained by securities laws of a private placement offering to publish her past performance and investment experience. She has alluded that more information is available at her website, and has addressed substantive points to the extent she is permitted by law. For some of you to continue to attack her and ask questions you know she can’t answer in this forum because this is not a level-playing field – you are the ones hiding behind the cloak of anonymity whilst she has been dragged through the mud by slanderous websites such as this one (i.e., referring to her hedge fund as it “might be a scam?!”), she never agreed to interview to any press outlet, they have quoted her pretending they interviewed her when in fact they simply copied what she wrote on her website / linkedin page / lifted her facebook picture without permission, and then some of you have the gall to allege she has been seeking this publicity / that’s the reason for her hedge fund launch. Attribute your sick motives to yourselves. And the number of sexist pigs postings is scary. Keep your nasty, anti-female, sexual innuendo to yourselves or better yet, share it with those who supposedly admire you. Surely you would never utter such filth to your loved ones. Your conduct is reprehensible.
to the posters who don’t know, and to the posters who do know, but pretend not to know, it apparently needs reminding that a hedge fund manager is required to file SEC form D within 15 days of hedge fund launch. That the author Bess Levine lists $30,050 as the assets is obviously not an updated figure. To continue to use that figure, to insult the manager, the hedge fund, to pretend that this amount is static over time – just shows your nefarious motives: attack, attack, attack a new idea, a new venture, something different – simply because it’s different and this bothers you on some level. You think the hedge fund manager didn’t consult the law before launching? you think know obviously know better? you can’t fathom this is a stepping stone to a larger, second hedge fund launch? excuse me for thinking I was stumbling upon a semi-intellectual discussion of a unique hedge fund launch. Some of the posts here were fine, but most of them were blatant personal attacks on Ms. Bernett’s character, appearance, motives, and website. The facts don’t matter. Just attack, attack, attack. Your aggression and anger levels are high. Get some help. Quickly.
i heard a slander suit against this website may be in the works…calling someone else’s hedge fund a “scam?” even “might be a scam” is sufficient to qualify as slander. guess bess levin has bad lawyers or maybe none at all
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some of you who post such nasty personal attacks should ask yourselves why do you care so much that someone has launched an innovative hedge fund. You don’t know her, why do you care so much? there is no proof it is a scam. why do you care about a complete stranger to you?
@100 “innovative”? Didn’t Vanguard master this exact model in 1976?
@ 101: it’s “innovative” to the media, those investors who are not invested in hedge funds because they don’t have millions to invest, and to those who were born after 1960. So yes, innovative in that it is a hedge fund for the average investor @ $1,000 minimum investment criteria. As far as the media / hedge fund blogs are reporting, it is innovative and unique. But that is not really my point as you are mincing words. The point is – is that the media considers this fund sufficiently innovative and unique so as to report about it non-stop for the past 6 days – and again, I ask all the naysayers and those who think it’s accepted to engage in personal attacks against someone they don’t know – why do you care so much Ms. Bernett has launched a unique type of hedge fund? How does this affect your life if you don’t plan to invest in it? There is nothing illegal in what she has done, so this is not even a public policy issue. Where are your values of decency, responsible discourse, and common sense?
@102. I guess you have correctly identified that my values of decency, responsible discourse, and common sense are in play here.
Why in the WORLD would a retail investor that is not a qualified investor need to invest money in a “hedge fund” that charges a 2% management fee on top of all of the trading costs that will, at a minimum, eat up another 1.5% in returns?
I didnt even mention to logistical nightmare of sending out K-1s to 5,000 different partners come tax time. How much will that eat up in costs on top of trading costs, management fees, performance fees ect?
So maybe all in about 5% in fees before we even start talking about performance? Just so some hard working people that have saved money can claim they are invested in a hedge fund?
How can value be generated for these folks where there is so much administrative overhead that goes into running a hedge fund?
And to your point of “…the media considers this fund sufficiently innovative and unique so as to report about it non-stop for the past 6 days.” The media also considered the “Pants on the ground” guy from American Idol so “innovative and unique” that they reported on him for 14 days straight.
@103: If you actually carefully read what I wrote, I directed the lack of values toward the “naysayers and those who think it’s accepted to engage in personal attacks against someone they don’t know” – obviously anyone reading your post would see you did not engage in this conduct. Stop trying to create drama and animosity that does not exist between the two of us.
Hedge funds cannot have more than 499 partners, and in other websites Ms. Bernett has indicated her hedge fund has no more than 100 partners. Therefore, your allegations about the logistical nightmare of sending out 5,000 K-1 forms will never come to fruition. Her SEC filing makes clear there are no performance fees, so stop making stuff up. It is a 2% management fee. Have you seen the offering memo? No. I have. It’s 2%. It’s not 5% or anything above 2%. Stop making up lies about her hedge fund.
To put it bluntly, an investor should choose an investment vehicle based on the total return obtained, not the expense ratio / fees. Ms. Bernett has investment experience and performance data. That she doesn’t make it available to you does not mean it does not exist or that it is not a good record. She is constrained by securities laws related to a private offering – again this is not a level playing field where you can accuse her of non-disclosure – when she is REQUIRED BY LAW not to disclose such information in a semi-public forum such as this website. Stop pretending she is withholding information. The law requires her to not advertise her hedge fund / past returns, etc., it’s the non-general solicitation rules she has explained already. That someone can generate value to average investors and that you can’t figure it out doesn’t mean the person can’t do it. Again, just because you are unaware of / ignorance of the offering memorandum of Bernett Diversified Global Fund, L.P. doesn’t mean you can therefore assume all the nonsense you have written above.
My reference to the media was merely used to make the point that it is the media that is making a big deal of this because for obvious reasons they want to run stories and generate interest (I was not, and am not saying that what the media chooses to make a big deal about means the item is of general consumer or investor interest – hardly). My point was directed at the negative commentators here who have such an interest in attacking her fund – and I was asking why do you care so much about what the fact that a total stranger is offering her hedge fund to her friends and family? This is a private offering and it is the media that made it public – not Ms. Bernett. I know why the media cares, I was asking why are the negative commentators basing their attacks on no facts, making personal attacks, etc.
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You know why there are negative comments? Cause this idea sounds fucking retarded…
there is not a problem to post negative comments, we live in America. The issue several posters have with some of the comments is that they are based on LIES and SLANDER. If you don’t understand the difference between freedom of speech and slander, look it up. Personal attacks is not the equivalent of an opinion that this hedge fund launch is a bad idea. Again, opinions based on fact are fine. The concern is with opinions based on lies or false assumptions, which there are plenty of, above.
there is not a problem to post negative comments, we live in America. The issue several posters have with some of the comments is that they are based on LIES and SLANDER. If you don’t understand the difference between freedom of speech and slander, look it up. Personal attacks is not the equivalent of an opinion that this hedge fund launch is a bad idea. Again, opinions based on fact are fine. The concern is with opinions based on lies or false assumptions, which there are plenty of, above.
Sarah (or should I say Mike D or Melinda),
You, of all people, must realize how difficult it is to win a slander case. It damn near impossible. So instead of wasting your time responding to each comment, why don’t you go back to brainstorming your next brilliant idea? While you’re busy running a $30k fund, I’ll go spend $30k of my bonus (the after-tax cash part of course).
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
@ 110: Ms. Bernett didn’t ask you for your valuable, obnoxious legal advice. That you thought she cared about what you had to say about her enterprise suggests you need your ego deflated, and pronto!
Seriously? 109 comments? Why is this even getting so much attention? If you are skeptical, just don’t invest — it’s not like this is someone running for political office that’s going to affect your life. If she wants to make a go out of it, build access for small-time investors, try to make some money in the process, etc. whatever! Let the people who invest worry about its validity and viability. And, for those of you defending your negative comments in the theoretical name of “protecting the public”, your arguments would be much more seriously received and answered if they omitted the personal, slanderous, and sexist attacks. All you do is make yourselves look pathetic and corrupt, not Ms. Bernett or her fund. Stop wasting everyone’s time.
@ 110: Ms. Bernett didn’t ask you for your valuable, obnoxious legal advice. That you thought she cared about what you had to say about her enterprise suggests you need your ego deflated, and pronto!
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate of.
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate about.
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate about.
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate of.
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate about.
If you are without a doubt certain that the Bernett Diversified Global Fund is illegal, then report it to the police.
Defamation of character and sexual harrassment on this blog constitute an unprofessional conduct. Sexual harassment is never acceptable anywhere and in any time.
This is not fair for Sarah Bernett who is an entrepreneur. If you are without a doubt certain that on your free time you don’t trade or participate on activities outside of your own profession, then you are a fraud and have no right to throw a stone on someone honest, creative, and brillant. Out of your jealousy, you harass the person with an idea to start something she is passionate about.
posters – please only click once on “post comment” button – it takes about 3 minutes for your comment to post ONCE – pressing it more than once yields to multiple posts.
posters – please only click once on “post comment” button – it takes about 3 minutes for your comment to post ONCE – pressing it more than once yields multiple posts.
From http://www.bernettcapital.com/:
“Managing hedge funds for Americans of any tax bracket”
Do you accept paypal?
Wow. An awful lot of the people who have responded to this issue, on this and other sites, continue to amaze me with their lack of maturity, knowledge, and security. Again, there is no need to be rude, or to make those of us interested in this topic wade through your off-the-cuff, ill-conceived, and baseless conjectures. Get a life!
Wow. An awful lot of the people who have responded to this issue, on this and other sites, continue to amaze me with their lack of maturity, knowledge, and security. Again, there is no need to be rude, or to make those of us interested in this topic wade through your off-the-cuff, ill-conceived, and baseless conjectures. Get a life!
Boy, some I’m quite delighted to see a financial savvy individual work hard for the average “not middle class” person anymore. Maybe if all your negative comments were directed complainging about changing the rules on bankers becoming investment bankers we could change our problems. Why not Ken Lewis is on teh hot seat today! The hard working Sarah ought to be commended. YEAH KEEP UP THE HARD WORK. That’s how good things happen.
Boy, some I’m quite delighted to see a financial savvy individual work hard for the average “not middle class” person anymore. Maybe if all your negative comments were directed complainging about changing the rules on bankers becoming investment bankers we could change our problems. Why not Ken Lewis is on teh hot seat today! The hard working Sarah ought to be commended. YEAH KEEP UP THE HARD WORK. That’s how good things happen.
All those nasty, petty and under the belt comments speaks about the immaturity of the slanderers who probably have no job to go to and are too cowardly to set up their own businesses. Rather than throw unsubstantiated claims, they are better served to shut the hell up and do something constructive. Oh wait they probably have nothing better to do than troll through websites and pick easy victims.
Wow! This seems to be the talk of the town. I have never read so much garbage. Give the woman a break. She is out there and has a hedge fund!!! Do you??!!
If you have doubts… read the prospectus! I’m sure all you financial jocks should know that diligence is what it is all about.
Ponzi scheme?? I doubt this is some kind of ponzi scheme or any kind of scam….. Seriously, $1k for an investment? It seems she is giving the common Joe an opportunity to invest in a hedge fund they may like… let the financial advisor decide. I’d take it. I’m no millionaire.
Garbage in and garbage out…
Colorful NYC
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Listen Folks,
I actually find great interest in this newly formed hedge fund. I have read all the online articles and related media concerning this new fund but I was appalled when I came across this site. Your harsh comments have no merit whatsoever and the personal attacks on this fund manager Sarah Bernett are very unfair and inappropriate.
Being cynical is one thing but comparing Sarah to Bernie Madoff is ludicrous. I don’t know anymore about her than anyone here does but until she is proven to be a fraud I will give her the benefit of the doubt. Honestly I hope her fund does very well and she whoops ass in terms of performance.
Her ability to challenge the establishment that would have you believe that hedge funds are only for the wealthy is very commendable and I applaud her efforts and this must have been a very labor intensive endeavor. Sarah, if you find this posting, I wish you much luch and many blessings. Don’t allow these naysayers to get you down!
KT
I am sure that whatever the commentors on DB had to say will be the only reason for the failure of this innovative investment vehicle concept. She might have found the second-best exit strategy now (next to running a balance transfer for nine months at 0% apr and investing the money in a FDIC insured account, the potential lawsuit against COMMENTERS ON A CLUSTER-BLOG seems fair).
Is it true that in NY, you have to be nasty to make a buck? (oops, the people of NY can now sue the site for slander, too).
I do not understand the negative statements which have been made about the future of Ms. Bernett’s hedge fund. On what do these prophets of doom base their predictions? Do they think a woman attorney from a non-Wall Street background is automatically bound to fail? What has happened to the American entrepreneurial spirit that used to characterize this country? These nay-sayers should be congratulating Ms. Bernett on her initiative, rather than criticizing her —criticisms which sound like sour grapes to me.
A proprietor wants to start a fund and develop a track record with a modest amount of money. She is engaging in free enterprise. Why do so many people feel the need to criticize, make personal attacks, or make insinuations about her character? She isn’t bothering anyone and hasn’t done anything wrong. If you don’t want to be a limited partner, then don’t. To criticize without any basis for doing so is petty and meaningless.
I second #138.
And to Sarah (and her multiple personalities), by now you should have gotten the hang of this site. Please hit post comment ONLY ONCE.
@ 143 and your sordid posters, by now *you* should realize nobody’s interested in reading your filth garbage, personal attacks
As one of the investors in Ms. Bernett’s hedge fund, I can say she certainly does offer thorough documents. And given her accurate, non-emotional responses to the idiots on this website, I would also choose to have her defend me any day in court. I must be the only one who must have lost LOTS of money in the stock market several years ago after basing my choices on Morningstar 4-and 5-star funds! So now I am thrilled to have someone doing the reading/research I cannot do / do not like to do!
Your vicious posts show you lack clarity of mind and maturity. This is an intelligent, creative woman – and you obviously can’t handle that.
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Dear Sarah,
What you have created is an investment company. They have been around for over a hundred years. In 1940, Congress passed a law regulating the activities they can engage in and requiring that they be registered with the SEC and such registered investment companies are commonly known as mutual funds. By limiting the number of investors or requiring that virtually all investors meet the definition of “qualified purchaser”, certain investment managers are able to create investment companies not subject to such regulation and those exempt investment companies became known colloquially as hedge funds. As your investment company does not include any such limitations allowing it to meet an exemption from the Investment Company Act, it is merely an unregistered investment company that will violate the Investment Company Act as soon as it has 100 investors.
Love,
A Lawyer
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slander and sexual harassment is not entertaining no matter what website we’re talking about
slander and sexual harassment is not entertaining no matter what website we’re talking about
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@ 152
sbernett hasn’t posted since Feb. 2. Do the math…and your “evidence” is flimsy — r u too dumb to think people other than herself support her and post in your playground? r u too comp-illiterate to know the post comment button is slow = multiple posts from not regular users of your playground website?
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@154:
no offense, but clearly a person smarter than you (and let’s not pretend there aren’t those who’d support her no matter how ignorant they are of the law, ok? It’s called loyalty and most people out there aren’t securities lawyers anyway). the hedge fund she offers doesn’t have to register if less than100 investors invest, just like other unregistered investment companies. That’s what she’s offering – perfectly legal. I’m all for being a wall street sheriff (though wouldn’t resort to name-calling and the fighting words going on here) but blow the whistle when there’s illegal stuff going on, hello ~
As an investor, I think the debate is over. If you are not interested in investing in the fund, do not. If you are, do. This repartee is tiresome, child-like and offensive.
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@155, if less than 100 investors invest at around the $1k minimum, that’s not an investment vehicle, that’s a (very, very modest) brokerage account where you pay a 2% fee. Sounds like a great plan!
@ 158
media reports 4 investors @ 30k, do the math her investors aren’t putting in 1k/each. look up definition of investment vehicle. hedge fund can invest in all sorts of fin. products that a brokerage account isn’t allowed to. asset size is not the definition of a hedge fund, again, do some research before posting nonsense. that’s why she’s gotten the press coverage she has, b/c she broke the supposedly “exclusive wealthy club” minimum investment ceiling.
that your website, despite its “terms of service” rules that don’t permit libelous or defamatory statements to be posted by users, continues to allow these libelous statements about Ms. Bernett is alarming and disgusting. I suggest you hire a lawyer immediately, if you don’t remove the sexual harassment and defamatory content about Ms. Bernett’s profession. You are accessories to defamation of character by allowing these disgusting posts.
To those of you who feel you can use harassment as an over all presentation of your self, I am just really sorry you have nothing better to do with you life and time. You are a real professional.
The moderator has removed 25 defamatory statements from this website. Defamatory statements are not permitted, and you agree to the TOS prior to posting. Defamatory statements are false statements about a person intended to defame the person’s character. This would include sexually harassing statements.
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What did you look like?
@ 161 – this is a typical question posted by a sexual harasser (one of many who frequent the dealbreaker website – yes, we are in good company!) who thinks that a woman is to blame for being sexually harassed. What the hedge fund manager looks like is of no relevance to the article that she launched a hedge fund, or as to her investment strategy. Sexual harassment is always wrong, and in many settings – illegal – which is evidently a concept many posters on this website don’t seem to understand.
Cue joke about the vag-vag being so loose that there were echos….4 to be precise
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