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The prop returns with the HF fees did 17 in 04, 19.5 in 05, 17 in 06 and 13 in 07 as of August... which does kind of put them at 18 annualized. And gee, I wonder why anyone would want to see historical returns to mull over a prospective investment... hmmmm, oh, and they launched in 08 riddle. These are ex-GS Prop, which off the bat makes them some of the most desired HF managers in the world... i.e. Eddie Lampert, TPG-Axon, Eton Park, and David Fuckin Tepper to name a few. They should be ok.
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