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Re: CTAs and Richard Dennis



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Andy:

Just a brief note to let you know what I think of Richard Dennis: 

I managed offshore funds in a pool with a group of other CTAs and Richard was
one of the other fund managers. He is helpful beyond imagining and he really is
a wonderful trader. I have had the privilege to watch him trade, either as one
professional watches another, or as a fund manager in the same pool [and the
pools I have been in have had the very best fund managers in the world]. If I
personally had to pick a fund manager to manage my own money, it would be
Richard Dennis.

Best,

Tim Morge

Andy Dunn wrote:
> 
> Does anyone else out there get the STARK report? I find it fascinating!
> 
> You can order it at http://www.managedfutures.com
> I think it is $500 a year
> 
> anyways...here are some of the things I found interesting
> 
> RICH DENNIS RULES
> )))))))))))))))))))))))))))))))))))
> Richard Dennis (King Of All Turtles) is on a bigger comeback trail than the Beatles!
> He blew out in 88, failed in a come back in 92
> and now his 4 year return on Dennis Trading Group is
> AROR: 63.14%
> TROR: 768.46%
> 
> can anyone say "money printing machine!"
> 
> LOTS OF OFFSHORE
> )))))))))))))))))))))))))))))))))))
> Do any of you have offshore corps? I talked to some accountants and tax attorneys and they all said "don't do it" but it seems that many CTAs are going offshore. You can tell because instead of having one big fund, they have like 5-10 funds ...ABC world, ABC World 2X Leverage, ABC Currency ...since they need to get around US laws.
> 
> DISCRETIONARY VS SYSTEMATIC
> )))))))))))))))))))))))))))))))))))
> both do well, but the underwater curves of most discretionary traders always look nicer...or is it me?
> 
> anyones thoughts on CTAs and or the STARK report?
> 
> Andy