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Main » 2015 » January » 23 » Hedge manager all the "leaked", but from the heart apologized
Hedge manager all the "leaked", but from the heart apologized

Not all hedge managers are equally useful. Manager of one of the western hedge fund (previously worked at Galleon Group, whose management has been convicted of insider trading) apologized to customers as an excuse for the fact that he "lost" all their money - based on AForex.




Owen Lee, founder and manager of the fund at the same time Canarsie Capital (New York), informed its customers that lost almost everything (except the $ 200 000) of the $ 100 million fund-th running. The Foundation worked with March 2014.

How did he do it? Quite simply - I put on the growth of the fastest growing companies the S & P 500 to generate maximum profitability - December promised good returns, but headlines encouraging. In the last 3 weeks Lee made some very aggressive deals with stock options to compensate for a modest return on the portfolio in December. However, the index fell instead to grow, and Mr. Li suffered serious losses.

Something to think about.

Views: 653 | Added by: mik | Rating: 0.0/0
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