SPtrader.com is something a few colleagues have talked about lately, its a fund you can buy into for a small amount, like 6k USD, but for a real share you need 400k USD. One colleague has only 6k there right now...and is making 2% a month....nothing spectacular, but has anyone heard about them or invested with them before? And no Im not affiliated with them in any way...just curious about a fund with rather big results... Here is the yearly performance...I cut and pasted from their website %TOTALS 54.00 - 2000 61.47 - 2001 75.21 - 2002 95.34 - 2003 153.89 - 2004 45.70 - 2005 25.85 2006 http://www.sptrader.com/track-record-2-1/index.html
Their equity curve looks too good to be true. You could bet the ranch on a fund with a Sharpe ratio of 5 and quickly have all the money in the world. Why would they even bother to take outside money with a record like that? Much less pikers with 6k minimum accounts. Traveler
Yeah....so true isnt it, it appears to be Americans running it from Switzerland, someone I know actually went to meet them. With those returns I would expect Goldman or MAN to just give them 300mil to trade for them privately and shut up....thats what Ive seen with other good traders/funds/systems....
They claim to be a fund but what is the name of the fund and where is it licensed ? It all looks very fishy to me
It's really hard to believe. I would like to invest if they are real. What prevents them from closing down and keeping your money? www.register.com for www.sptrader.com Registrant: SP Trade Investments Capital Ltd John Nichols (3086836725) (sptrader_fund@yahoo.com) 212 Piccadilly London NA,W1J GB Tel. +447.092017493 Creation Date: 30-Apr-2004 Expiration Date: 30-Apr-2008
YEah...no clue what prevents them from takin client money. The picture I posted for fun....see how many opened it.
I wouldn't be surprised if this turns out to be a HYIO scam (high yield income opp) - these are ALL scams. They are set up like a pyramid scheme - people late to the party are left holding the bag. I did a search and found them mentioned on some HYIO sites.