could be, then it will be back to sending out ground troops to the same thing if it proves effective. We have used a similar idea called the private jet indicator to forecast the macro picture. Thr more private jets, the better the economy will be 6 months from now. There's dozens of these forecasting strategies-- After all our slogan is--- identify-- quantify-- exploit. Intrendx.com
23 Million and they employ 40 people ??????? Wow. That's absurd. When we started we had a small office right off of Clematis in downtown West Palm. Was a nice building, but we kept the office space small. Were a few other smaller start up funds in there as well. We kept it mean and lean. Seriously, what do these 40 people do? Unless they are running a lot of strategies (lets say 15+) and are trading around the clock, how do they explain the crazy overhead ? Even so....that's nuts. Can see why they haven't raised a dime. Hell, when John Henry was at it's peak of 2 billion I think they might have had 20 people employed there.
> Seriously, what do these 40 people do? Could be mostly marketing / client relations staff. Bridgewater, for instance, is said to have hundreds.
I hear ya. But last I checked Bridgewater ran a tad bit more than 23 Mil. How many people do you need to market a 23 million dollar fund? That's like 1.73 people per million. Bridgewater runs 120 billion. Bridgewater must have some serious office space. Their Christmas party costs must be astronomical.
Reminds me of a line in Rogue Trader 1999 movie....Ewan McGregor said something like: 'could have just as easily went the other way....if it went the other way, i would have been a hero.'
Every fund is different but my compensation is usually pari passu with the investor ---being purely performance based.