Wheres it say that Aaron worked for Trout? All I found on his web page says: Mr. Aaron E. Schindler is the Commodity Pool Operator and General Partner of the Partnership. From June 1996 to May 1998 Mr. Schindler was employed as a financial officer and underwriter for the Centre Group, a reinsurance and risk management company, in Hamilton, Bermuda. From May 1998 to June 1999 he was employed by a subsidiary of the Centre Group, Florida Select Insurance, a Sarasota, Florida, homeowners insurance company, as Chief Actuary and Risk Manager. From June 1999 to March 2000 Mr. Schindler was Chief Actuary for American Horizon Insurance, a Lincolnshire, Illinois, auto insurance company. Plus, Trout has by now retired from his fund, which has been renamed Tewksbury after his former second in command.
The greatest job in the world! Nitro's signature nails it "BUT ABOVE ALL, YOU GOTTA DO SIZE" Average individual trader Joe deals with severe stress (especially when s/he doesn't have other income source) and ~maybe~ will earn $15 - 50k/year. Mr Crabel gets $40M - how lucky and -of course- intelligent person he is! ...WE GOTTA DO SIZE...
You bet. The dark, dark secret of the buy side: "Most hedge funds are private partnerships; many are offshore and thus unregulated by the SEC. The most authoritative work in the field is Offshore Hedge Funds: Survival & Performance 1989-1995 by William N. Goetzmann, Roger G. Ibbotson, and Stephen J. Brown. They found "high attrition rates of funds, low covariance with the U.S. stock market, evidence consistent with positive risk-adjusted returns over the time, but little evidence of differential manager skill." In other words, sure, theyâre great diversification vehicles, but trying to pick a manager who can do it consistently well is a crap shoot. Tracking investor returns was complicated by severe survivorship bias: Only 25 of the original 108 funds survived the six-year period of the study! Investor returns were not available in the year a partnership was merged, terminated, or went bankrupt."
where the fuck did all these responses come from! I don't know if I'll read them or wait for the movie. Thanks everyone, I'll read them later today as I'm figuring out how to win your money from you.
Let me tell you, it is odd running into your bio by chance! I worked for Trout Trading prior to the Centre Group back in the early '90s. I think Darkhorse got that information from the IASG.com website. You must be in the business to know about Trout retiring and Tewksbury taking over. What do you do, TigerO?
Hats off to you guys! When you shovel through the mental mastrabation and throw out all jiz there is some FANTASTIC infomation for newbies! Here's what I've gotten so far, please critique and offer advice on improving my developing idea. Thanks. --------- 1. Size of account. I'll probably start by managing $100K and trade 50 contracts, allowing me room for draw downs and still trading the same size. Overcomes having to make a bigger return on subsequent trades to break even after a loss. I know, I know. $3K to $5K per contract, etc, etc. My logic: I'll be having a 50% draw down stop, having any more money in the account than that is useless. 2. Draw Profits will be drawn from the account as follows: A. When the account is +50% all profit immediately paid out to investor and I. B. Each last day of month all profit paid out to investor and I. C. Once the investor has drawn out the amount of his origional risk capital he may leave his share of profits in the account so we can increase size. 3. Profit sharing A. First 6% (10 year Tbill rate, thank you very much to the poster) to the investor: My commision: 0% B. From 6% until the investor draws all of his origional risk capital from the account: My commsion: 25% C. After the investor has drawn all of his origional risk capital from the account: My commsion: 50% Now, what about taking a share of the loss if any, etc? ------- Don't email me, I don't want to talk to you. Don't tell me your opinion, I'm not interested. I just want your knowledge and money.