Qualified Eligible Person (QEP) An investment with DUNN Capital Management, Inc. ("DUNN") is highly speculative and involves a substantial degree of risk. Our trading programs are designed for sophisticated investors who are able to bear the loss of their entire investment. In that vein DUNN has filed a "NOTICE OF CLAIM PURSUANT TO COMMODITY FUTURES TRADING COMMISSION RULE 4.7(c) UNDER THE COMMODITY EXCHANGE ACT, AS AMENDED ("ACT") which restricts solicitations to someone who is a QEP (Qualified Eligible Person) as defined by the ACT. Please review the list below to see if you may be considered a QEP. 1 FCM 2 Broker / Dealer 3 CPO which has been registered and active for 2 years or has >$5M in assets 4 CTA which has been registered and active for 2 years or has > $5M in assets 5 Investment adviser which has been registered and active for 2 years or has > $5M in assets 6 Qualified Purchaser 7 Knowledgeable Employee 8 CPO, CTA, IA for the exempt pool or account (see note below) 9 Principal of CPO, CTA, IA for the exempt pool or account (see note below) 10 Employee of CPO, CTA, IA for the exempt pool or account involved in investment activities for 1 year (see note below) 11 Employee or agent of CPO, CTA, IA for the exempt pool or account involved in legal, accounting, auditing or financial services activities for 2 years and is an accredited investor (see note below) 12 Trust not formed to invest in exempt pool or account with trustee being a QEP 13 Organization described in Sec. 501 (c)(3) of the Internal Revenue Code with trustee being a QEP 14 Non-U.S. person or entity 15 An entity in which all participants are from any of the above groups 16 4.5 entity with all QEP investors 17 Registered investment company 18 Bank 19 Insurance company 20 Plan, with > $5M in assets, for employees of a state or political subdivision 21 Employee benefit plan with > $5M 22 Private business development company 23 Organization described in Sec. 501 (c)(3) of the Internal Revenue Code with > $5M in assets 24 Corporation, trust, partnership with > $5M not formed to invest in exempt pool 25 Person with net worth >$1M 26 Person with net income > $200,000 each of the last 2 years or > $300,000 when combined with spouse 27 Pool, trust separate account, collective trust with > $5M in assets 28 Certain governmental entities
I don't recall the exact numbers (in my first book), but I believe he went into a -50% drawdown within the first 18 months of his trading in the 70s. You are not accurate on that one.
Fortunately, at that time, maybe he only had $10,000 of his OWN money under management. A 50% drawdown would be no big deal (page 96).
Following November 08 he is pretty damn close to being fully recovered from a 57% drawdown. That's not early in his career, that's now. Not saying this is for everyone, but he is someone to learn from...and he has made a bloody fortune from doing it his way.
Yes, they are up +75% in one of their programs Jan 08 through Nov 08 - obviously some of the best around.
Michael, enough with the book publishing, speaking engagements and movie stuff. When are you going to launch your own fund?