Will you buy timmay's hedge fund book?

Discussion in 'Educational Resources' started by ghostzapper, Jun 29, 2007.

Will you buy Timmay's book ?

  1. Hell Yes ! I can't wait

    41 vote(s)
    10.3%
  2. Yes

    85 vote(s)
    21.3%
  3. No

    77 vote(s)
    19.3%
  4. Hell No ! I wouldn't pay a nickel for that crap

    197 vote(s)
    49.3%
  1. spinoza

    spinoza

    Tim, please repost and re-upload your file/audited 10 yr performance record. It did not show up with your post.
     
    #1191     Sep 8, 2007
  2. Sure, my trading career only spans 9 years though and these numbers have been adjusted to account for my fund's 30% incentive fee and 2% annual management fee so basically, the actual numbers are approximately 1/3 HIGHER:

    1999: 564.91%
    2000: 292.64%
    2001: 35.08%
    2002: 86.89%
    2003: 6.06%
    2004: 20.37%
    2005: 23.56%
    2006: -25.83%
    2007: -10% (estimated through Aug)

    For a 9-year average annual return of 110.41%.
     
    #1192     Sep 8, 2007
  3. bobby babak --- where's your track record? timmay posted his, where's yours?

    surf:D
     
    #1193     Sep 8, 2007
  4. EPrado

    EPrado

    Why do you charge 2 and 30 instead of 2 and 20 ?


     
    #1194     Sep 8, 2007
  5. When I started my fund I was cocky enough to believe my superior numbers made my fund worthy of a higher free structure. It's now 2 and 20, but I never adjusted my track record numbers to account for the fee change just so I could lowball my track record because my large gains actually worked against me in that they made people suspicious
     
    #1195     Sep 8, 2007
  6. spinoza

    spinoza

    What happened over time to cause you to lose your edge?(Don't refer us to the book....). Seriously, something has happened and accredited investors and Fund of Funds are staying away from you?
     
    #1196     Sep 8, 2007
  7. Something did happen (which you can read all about soon!), but FoFs and accredited investors were staying away from me long before my drawdown started. The problem with my fund is that my strategy is not scalable, it's somewhat risky, and I'm a one man shop. I didn't take any of these issues into consideration when I started, all I knew was that I had a consistently profitable strategy and I wanted to take larger positions.
     
    #1197     Sep 8, 2007
  8. bobby who? My name is Bob Rowshan surferboy.

    My track record doesn't have a single minus sign in front of any of my years. Plus, I don't whine that my results "should be" 1/3 or whatever higher if you take out fees. Fees are a part of this business, and leave it to timmy to be the first person i've ever heard to say "my results should be 1/3 higher".

    I'll do better than post mine, i'll come on his "show" and illustrate them. That is surferboy, if you make a substantial bet with me and make it worth my while. The bet is: I put both you and your gay lover timmy to shame (if that's possible), and destroy both of your track records according to any and all impartial observers. This would make for a great pre-publicity stunt, so why is my bet not being accepted?
     
    #1198     Sep 8, 2007
  9. raising capital is extremely difficult even with pedigrees, trackrecords and edge for a small fund. its the classic catch 22, no one will give you money untill you reach a certain critical mass, but you can't reach that mass without anyone giving you money.

    FOF and institutional money is even more difficult---one needs a substanitial back office, well known auditors, administrators, contingency back up plan, redundent technology, etc----generally, all costing much more than a small fund can afford.


    its much more difficult than it appears.

    regards,

    surf
     
    #1199     Sep 8, 2007


  10. just post them here, tough guy. then if your lucky, timmay will invite you once again to his show.

    do you run a fund, otherwise, why are you talking about fees??

    surf
     
    #1200     Sep 8, 2007