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Do A Lot Of Hedge Fund Managers Who Lose 86 Percent In A Month Try To Hush It Up From Investors?

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Once again, I’m not asking for myself, I’m asking for Ebullio Capital Management, and its founder, Lars Steffensen. For those of you who haven't been keeping up on your ass-bleeding news, Lars' commodities fund lost 86 percent in February, after declining 70 percent in January, and YTD, is down 96 percent. He mentioned this to investors the other day, while also noting that the losses? While seemingly sack-rippingly bad? They are but a blip. Lars has seen worse, way worse, and he's always "bounced back." He also made a case for why you should stick with him, despite the fact that "Sac ripping," "Ass bleeding," "Clown facing," and "Donkey punching" would all be accurate descriptions for what's happened to Team E during this extraordinary quarter.

Most Managers would probably try to hush this up and not send out this Newsletter, but we have always been about transparency and having broadcast our winning months, we are going to do the same with our (albeit quite a lot more spectacular) losers and take the heat that comes with the territory.

That's right ladies! You could go with the fund that would only lose you 20 percent a month or even, you know, make you money, if you're into that sort of thing. Or you could go with the guys at Ebullio, who'll lose you, let's just say a lot more than that, but be honest about it. (Except of course when they're accidentally sending out letters saying they only lost 0.01% when they actually lost 70, like they did in January. But that was their b, and they came clean about it, too). Totally your call.

Ebullio: We messed up, and we’re sorry [FTAlphaville]


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