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Wait, what? A whole fund, in 1 stock, it’s bulletproof – we should all aspire to such genius.
-Phil Falc.
Wait how did he get this letter out so fast? What’s the story with the October 19th conference call, is that to discuss Q3 already? Wouldn’t it be more prudent to let things sink in a few months?
How could this past quarter’s gross return be worse than its net return?
One stock. Other than that, no concerns.
Ctrl+c / Ctrl+v in excel?
Investors still would have been better off in a 6% tax free bond
lol @ hedge funds
im just glad i have my name back.
Sadly, agree with Asdf
- HF analyst
With Bill Ackman, you’re buying the sizzle, not the steak.
I was out of my office the last few hours. How can I tell if I got any additional “Likes” :)
I was out of my office the last few hours. How can I tell if I got any additional “Likes” :)
RIP Dealbreaker – 8/26/2010
“Like”ing your own comment is the new JO&C
Bess – A casual google search reveals this bit of information:
“Giveaway blog owners like to have numbered comments so that they can easily find the comment number of the winner. DISQUS does not have an option for this.”
How will we assign a winner to ‘guess the close’, how will order be maintained, how will we be able to quickly identify posters with long names, how will multiple posters be addressed in a succint manner?
Just to be clear – is there any chance this is changing?
…and to stay on topic, the Pershing Sq. letter is good.
I cant wait to intergrate my Facebook profile on this platform, that way everyone can see how cool I am and how much fun I am having in my Facebook photos.
Hey Darkbrows – S a D!
(Suck a Disqus)
Conceptually, you are giving back performance fees that were accrued in Q1 (when the fund was profitable) in Q2, when the fund was unprofitable and the YTD return number declined from where it was at the end of Q1. I’m actually pretty sure that the accounting methodology used to report the performance statistics to HF investors is alpha generative, as the performance fee has the effect of smoothing out volatility (read: reducing beta). Lol @ investors in hedge funds.
Each quarter’s performance (gross and net) is not recorded on a stand-alone basis? I’ve never seen this before.
Not covered in your Comp Lit seminars?
If Lisa Falcone can teach a pig how to play the piano, how come someone can’t teach the DB IT fucktards how to get this right?
Slow.Disqus.Day.
Remove the sand from your vagina. TIA.
Remove the sand from your vagina. TIA.
look @ bess getting some quotes (love) on the wsj site:
http://online.wsj.com/article/BT-CO-20100826-714251.html
This is some sad, sad, sad, sad shit right here.
Big badass bill ackermancomping himself to the”indexes” !!!
BWAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHA.
Listen byaaatttccchhhh. You set your standard and if you dont meet it, then you failed. Period.
Follow billybathwater, follow. Mutual funds comp to indexes. Not hedge funds.
And if you have any questions, just ask
deeznutz
Can we rely only on the quarterly results of the funds???
Can it not be changed???? What happened before financial crisis??? Quarterly reliance on the data could be twisted and can be manipulated as well….
You might know that Bill Ackman plays tennis regularly with George Soros.
But did you know he’s also rallied with a former Wimbledon champion?
And yes, it’s pretty obvious that the Pershing Square chief is a stellar investor.
Thank You Very Much For Sharing This Article.
Hope this year will be better….
Nice article.Keep on sharing..