Mini-documentary on Steve Cohen

It was a well known fact that SAC traded on inside information. I bet maritoma wasn’t the only POS psychopath at that firm on the longshort platform.

 

Be naive to think that hedge funds don’t dabble in borderline trades. The smart ones know how to hide it better

 

obviously everyone is pushing the line. SAC was the most notorious of all the major funds.

 

%%
SEC took notice of that in its court case/fines also. But Mr Cohen was not guilty/in the legal ruling anyway.Cop asked me last month ''why did you keep getting so close to the right edge line [JUNE] ?? LOL i said well\ i sure dont want to favor the left line + he laughed,

 

Hedge fund's biggest problem is their size. The bugger you get the harder it is to outperform. Smart funds put caps in place.

 

%%
True\ caps + gates for some of them;
that'$ why many of them charge on profits and assets/LOL.

 

haha. You said bugger and hard.

 

Depends on their goals.

A. Medallion fund from Renaissance Technologies, their fund that is only open to employee, caps at ten billion, up from six billion.

This is their legendary decades old market crushing fund.

You can't get in.

B. Most funds have no cap as their unstated goal is to part their clients from their money through fees, even though they think they figure to underperform.

Some pitch the idea they strive for lots of low correlation bets and/ or that they really know how to use that leverage and have expertise.
_____

The Truth?

Much of the hedge fund industry is a scammy hustler industry as the great majority of funds figure to underperform over an extended period of time but of course they do not tell you this.

The great majority of the industry asks for large fees while providing negative alpha, without disclosing this.

 

Yes, yes.

Here are two channels I greatly enjoy:

https://youtube.com/c/PatrickBoyleOnFinance

https://youtube.com/c/Finaius