B'berg TV reporter: "He's a very charismatic guy ..." 'Nuff said "All it does is look at the last trade and calculate trades that would be equivalent of, ‘What if this security increases 50 percent in value in the next three seconds,”’ Meyer says of his program." Possibly risk management at its most cautious. But then ten years is sufficient time for most underwater trades to float back into the black
Most likely a ponzi scheme....Relating video says 1) SEC is investigating him 2) he is unable to articulate his strategy 3) most of his investors are mom & pop IE unsophisticated 4) when pressed on his so called quant strategy he said he is mostly in treasuries 5) he has very little quant experience 6) cycling through outside audit firms 7) part time office.
Most hedge funds invest other people's money and only pay back a pathetic percentage and keep the rest. The average dividend is about a measly 5% per year so if they give out say 8% it looks good.
On topic please @Humpy The guy guarantees no losses... and you have to invest for at least 10 years. And he doesn't provide any details or statements about the funds portfolio... If it smells like Madoff and sounds like Madoff... it's probably Madoff
It's pretty clear that he got himself one of those shiny new fancy pants indicators over at Big Mike's... In all seriousness, the three auditing firms is pretty sketchy. The only thing worse than an auditor is a new auditor who you have to explain everything to over again.