|
PureBytes Links
Trading Reference Links
|
It just goes to show you that coming from an Investment Bank and having
Maths Phds does noit a good trader make. Most Investment Banks make their
money purely off the spread of customer business. Having worked in one I
certainly would be real hesitant about investing with them. Especially
because they never understand good money management.
David Hunt
http://adest.com.au
----------
| From: Tom Rehberger <trehberger@xxxxxxxxxx>
| To: JRT@xxxxxxxxxx; Timothy Morge <tmorge@xxxxxxxxxxxxxxx>;
omega-list@xxxxxxxxxx
| Subject: Re: Hedge Fund
| Date: Tuesday, September 29, 1998 12:53 AM
|
| I havnt been following the discussion here on the fund. but Im wondering
if
| everybody thinks these guys actted improperly. If you look at the margin
on
| spreads they are very low and they were leveraged out in the cash
probubly
| to a lower level then you could trade the futures spreads at. In my
| experience most big govie operations trade the spreads in a big way,
these
| guys just got stuck.
| tom
|
|
| -----Original Message-----
| From: Gerrit Jacobsen <jrt@xxxxxxxxxx>
| To: Timothy Morge <tmorge@xxxxxxxxxxxxxxx>; omega-list@xxxxxxxxxx
| <omega-list@xxxxxxxxxx>
| Date: Monday, September 28, 1998 9:45 AM
| Subject: Re: Hedge Fund
|
|
| Tim,
|
| > Someone posted here that the managers of such funds were indemnified
| > from prosecution--I would say this is not generally true. There are
| > always ways to get to the managers, and in the past five years, many
| > managers have found themselves staring down the uncomfortable hand
| > that held out a subpoena.
|
| I did not state that the managers are indemnified from prosecution.
|
| Most funds imdemnifiy their investment managers. Which means that the
| directors of the fund will not go after the investment manager in
| case of losses.Furthermore the fund reimburses the investment
| manager's legal fees in case investors or prosecutors go after him
| personally.
|
| Gerrit
|
|