89% of capital from July 2008 to Feb 2009! http://www.autumngold.com/Advisor/Statistics/cta_profile.php?op=profile&id=359 8 months in a row each losing over 10%. One month was -49% Investors seem to think its a good place to invest money. Oh, and management fee is only 4% a year
Looks to be a levered version of their program, hence the huge run-ups and drawdowns. A CTA that lost anything like 90% in their plain vanilla program wouldn't still be in business. It does appear a large subscription came in just before their meltdown. Murphy's Law...
Lots of wealthy gamblers out there. Throwing several million into a fund is like buying a scratch off ticket to the super rich. surf
if you blow up big on wallstreet, it's actually easier to raise money--- weird but history proves it as true. surf