LJM Preservation and Growth Fund, collapsed by 82 percent! (WTF?)

Here is the "dear investor letter" from Tony himself.

 

https://www.reuters.com/article/us-...und-that-lost-most-of-its-value-idUSKBN1FT2XL

 

https://www.cnbc.com/2018/02/28/reu...ys-it-will-shut-down-after-losses-letter.html

 

Wow. So it looks like their other funds didn't fare much better. They may not even have to report the losses now publicly so we might not here how bad they were.

 

It now looks like they actually went debit.

https://www.reuters.com/article/us-...ells-fargo-over-missed-payments-idUSKCN1GI307

 

Wow, that is terrible. Not even Brian Hunter managed to go debit. That takes some special magic.

 

No awards for them this year!

https://www.investorschoiceawards.com/new-york-2018.html

Macro & Volatility Fund
Haidar Jupiter Fund
LJM Moderately Aggressive
Malachite Capital Partners - WINNER
PWP Global Macro Fund

Macro & Volatility Fund - Long Term Performance
Autonomy Global Macro Fund
Haidar Jupiter Fund
LJM Moderately Aggressive
Malachite Capital Partners - WINNER
Tempo Volatility Fund

 

This guy was the king of short volatility until he wasn't. I sold options on futures until 2008 as I couldn't handle the increased volatility - and hedging is not easy when the underlying is a leveraged instrument. Picking up nickels in front of a steamroller and the steamroller won. Thought Caine was the master - not so much.

 

That malachite fund is pretty interesting.

Your nyc friend should be looking at them.

 

https://www.sec.gov/Archives/edgar/data/1552947/000158064218001814/ljmnq.htm

Positions as of Jan 31