Where did you get that I was a fan of her? Anyway, if you do a search on ET, the first Youtube/TT video of her came out in 2012 and she was already big then, managing 160M. A few years later TT did a recap with her and she was doing fine and still big, so there you have 4-5 years of big money management. I even quoted numbers in some of the threads, one year she was up 30% by October. https://www.elitetrader.com/et/threads/karen-the-supertrader.254837/ So let's just assume we are right about her good years. Can you see why she doesn't have to worry about her retirement? The real mystery is that she lost money during average market conditions, when the Yahoo boys using her strategy were making profits hand over fist. That is the part I don't get...
tastytrade said her AUM was $190M and she made $105M? https://steadyoptions.com/articles/karen-the-supertrader-myth-or-reality-r110/
The SEC filings that cite the NFA audits are from 2016. Throw all that YouTube TT nonsense out the window. I’ll trust the NFA audit that says she had in reality lost $50M. In fact, Karen just formally agreed with the government’s case that used the NFA audits.
It surprises me too. Are people really that stupid? She is a criminal with a criminal record. Why would any investor in his right mind wait to invest with her again? I believe from the bottom of my heart that some individuals, even some on this website, try their utmost to divorce themselves from their savings and investments. In the end they will probably exactly get what they hoped for. In that we shall all be happy.
Lol, a 100m or 200m fund does not lose 50m all the time. What's with your justifying her the entire time?
I can tell you, and perhaps @sle can add his own wisdom (he knows a thing or two about fund performance and remuneration). Managing a 100m fund hardly makes anything for the PM. Not sure what her profit share was but it does not appear that she has a whole lot of money left after she was taken to the cleaners by lawyers and the justice system (for good reasons)
Please quote me justifying her. I want to know the facts, and I usually describe the facts. If you don't like that, tough shit. The thing is, she is sitting pretty right now. She might be done as a manager, but she doesn't have to work ever in her life again. That 100K SEC fine a few years back saved her from future lawsuits, because she started to disclose more. As a result her investors have no legal standing, because they knew from then on what they signed up for. Stupidity and greed, go hand in hand...