A Mutual fund of all things! and the name "LJM Preservation and Growth Fund" Makes it sound like Capital preservation is part of the plan with some growth thrown into the mix. All these jokers did at LJM Partners did was take in investor money and bet all on black and they did not even bother to hedge obviously. I bet they collected a shit tone of fees in the process. They are gonna get hit hard with lawsuits and I would have to say they are in deep shit. https://www.cnbc.com/2018/02/08/fund-crashes-after-wrong-way-volatility-trade.html
Wow, this is big. I remember when they took that 67% hit in 2008 and came back from that swearing it would never happen again.
But...but...but...look at all the rewards they got. The rewards! https://www.ljmpartners.com/performance-awards
LOL Wow so many trophies. I bet the sucked in a lot of investors to go into that fund by showing them all these rewards they won. Well they were right, they did not take a 67% hit they broke new records with this 82% hit!
What about 'Long Term Capital Management'? I think to not jinx it, its best not to do some overt marketing name. Definitely not bagholder fund Double bagger every year fund Best fund on Wall Street fund Buy low sell high fund
If I ever invest in a mutual fund again I'll pick one called 'short term capital destruction' just to be on the safe side.
Not sure why nobody made a fund with a stupid name like that as a joke. Bagholder fund Buy high sell low fund Margin called often fund Maybe it hurts attracting investor money. Maybe that's it. It's all about marketing yourself right? Up bigly fund Yuuuuuuge money fund MAGA fund