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bakersfieldbubble
Dyn-o-mite!


Joined: 25 Jan 2007
Posts: 488

Black Mesa Capital
PostPosted: Thu Aug 09, 2007 6:12 pm Reply with quoteBack to top

http://www.marketwatch.com/new.....t=hplatest
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bakersfieldbubble
Dyn-o-mite!


Joined: 25 Jan 2007
Posts: 488

Re: Black Mesa Capital
PostPosted: Thu Aug 09, 2007 6:19 pm Reply with quoteBack to top

Quote:
Clearly, something is amiss in the markets that few in our strategy, if anyone, have experienced before," Black Mesa's managers Dave DeMers and Jonathan Spring wrote. DeMers declined to comment on Thursday.



So when it goes up you are a f***ing genius. When the poo poo hits the fan its the "systems" fault?

HF macaroons. I hope they all go down!
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Justin
My head implode


Joined: 17 May 2006
Posts: 493
Location: Atlanta

Re: Black Mesa Capital
PostPosted: Thu Aug 09, 2007 9:09 pm Reply with quoteBack to top

HA - yeah thought that was hilarious. Added that to the ailing/watch!

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Justin @ Justin Owings dot Com @ The Mortgage Lender Implode-O-Meter
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RichardCWilson
Dud?


Joined: 08 Feb 2008
Posts: 20
Location: Cambridge, MA

RE: quote
PostPosted: Fri Feb 15, 2008 2:50 pm Reply with quoteBack to top

I don't think that quote is saying that the market or system is at fault as much as they are saying that 50 hedge fund managers all got taken by surprising by a unique combination of market events. The best hedge fund managers admit that a 70% return is partially luck and will probably never happen again if you have good risk controls in place, the worst will claim they are geniuses. I guess you could argue that with fees as high as 2 and 20% they better be genius's at what they do, and maybe you are right. With 15,000-19,000 hedge funds out there some truly deserve to eat dust while others are literally ran by geniuses and professionals who work very hard for their investors.

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Richard C. Wilson
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http://richard-wilson.blogspot.com
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