JWM Partners down 41.57% in 2008

from wsj.....


"JWM said in its December letter to investors, sent in late January, that the value of its flagship fund, the Relative Value Opportunity Portfolio, dropped 41.57% over 2008 to reach a net asset value of $495.7 million."

 

So, what was the "opportunity" all about ?

 

His fund is like the opposite of taleb's

 

They got carried out on a lot of RV trades in inflation space last year... Wasn't pretty.

 

Oh for fucks sake how many times does this idiot need to lose money before he gets the point!

So much for allocation of capital we gave it to Madoff and JWM