First, I'd like to say that I have enjoyed your site. It has been, until now, very informative.
That said, it seems that you have your facts completely wrong and you are currently misrepresenting an entire sector in the hedge fund industry.
Life Settlements is, and will continue to be, a legitimate asset class. Moreover, there are plenty of legitimate and highly regarded funds in this sector. The biggest being an Austrailian fund focused on the US insurance market that has accumulated over $1B in assets under management in the past 24 months ($500M coming from institutional investors). Please refer to their site: http://www.lifesettlementsfund.com/
In addition, there has been zero fraud discovered with regards to Lydia Capital. As a matter of fact, the portfolio has been turned over to a Receiver and the portfolio has actually been evaluated as profitable. The facts of the case do not lead to fraud and soon the managers involved will be vindicated. If you really want to point the finger at someone, maybe blame the US and UK authorities for interfering in a profitable and legitimate investment scheme, and for causing so many problems for the 57 Taiwanese investors who were involved--not to mention the financial planners involved who sold the product. Their pain and frustration, unfortunately, continues because the Receiver seems to like to milk profits far more than returning the client's money.
Everything that I'm saying can be qualified with just a little bit of investigation. Again, I enjoyed your site, but then when you posted something about a fund that I happen to know personally, and those "facts" you posted aren't really facts but opinons by corporate owned newspapers, then your site became a little less interesting and more typical trash we might find in any newspaper in the US or UK.
It's one thing to try and make people aware, but when your means can't justify your ends, what's the point?!?!
_________________ "Having a little inflation is like being a little bit pregnant"
"I'm normally not a praying man, but if you're up there, please save me Superman!!!"
http://www.thosewhoneed.tk
Aaron A-Bomb
Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA
Sweet... now, feel free to run through all the imploded/ailing funds and comment on them to your heart's content
Actually if you have any intel on updates, especially to the ailings, that would be a great thing to post.
I will.. and thanks again for the forum... hope everything is well....
_________________ "Having a little inflation is like being a little bit pregnant"
"I'm normally not a praying man, but if you're up there, please save me Superman!!!"
http://www.thosewhoneed.tk
Aaron A-Bomb
Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA
Jesus christ man, chill out. First of all, we never said all of "life settlements" as an asset class is illegitimate. Get your reading glasses out and try again.
Second, we never expressed as more than speculation that Lydia is "fraudulent". All we could conclude from the articles is that there were accusations of such, and the fund was being put in receivership.
If you have any evidence to the contrary, please present it, don't just mouth off.
Jesus christ man, chill out. First of all, we never said all of "life settlements" as an asset class is illegitimate. Get your reading glasses out and try again.
Second, we never expressed as more than speculation that Lydia is "fraudulent". All we could conclude from the articles is that there were accusations of such, and the fund was being put in receivership.
If you have any evidence to the contrary, please present it, don't just mouth off.
You never said it but you cut-n-paste garbage like this: "It sounds open and shut, but it isn't. In fact the question of whether owners of life insurance policies have the right to sell the policies, and under what circumstances, is currently one of the hottest issues being debated by the National Association of Insurance Commissioners (NAIC)."
WTF does this have to do with Lydia?
My evidence is this shitty web-site! This site is just like the US corporate news in the States: Spin, spin, spin, spin with a little disinformation to confuse the sheeple.
Get a real job!!!
Last edited by bad_santa on Wed Jul 09, 2008 6:53 am; edited 1 time in total
Aaron A-Bomb
Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA
Oh I see. So now including background information on a directly-related controversy is bad, especially if you disagree with the author's bias.
I really have to wonder how you're connected to this fund. I take it you have a direct, maybe high-level interest in it and are in hot water.
Regardless, you never provide any concrete counter-argument to the perceived misinformation, so your behavior is pretty worthless and immature. We are just supposed to take your reference to ANOTHER fund in the same market being questioned , plus your assertions, as "proof"?
You're probably damaging the reputation of Lydia in the eyes of anyone who is reading this, especially if this is the best one of their "defenders" can do!
By the way, you are welcome to post real information but any more childish behavior will result in a ban.
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