From the WSJ (Subscription Required): LONDON — The two-year-old hedge fund founded by Jonathan Wood, a former UBS AG trader, is down about 85% from its inception through July, according to a person familiar with the matter.
Just as a reminder, when you’re down 85%, you’ll need to make around 200% 570% (thanks everyone!) just to [...]
Archive for August, 2008
And I thought I was doing bad…
Posted in Humor on August 15, 2008 | 3 Comments »
Thanks to everyone….
Posted in Strategy Update on August 9, 2008 | 3 Comments »
I just wanted to drop everyone out there a quick note. A lot of you have written to wish me well during my recent drawdown. I really appreciate the support and positive feedback. Having worked at a hedge fund, drawdowns are part of the game – if you don’t have the stomach for risk, you [...]
July 08 Strategy updates – Thrashed! Trashed! Crashed!
Posted in MOMO1, MR1, Strategy Update, TREND1 on August 4, 2008 | Leave a Comment »
Or, taken to the woodshed, or, well, pick your favorite analogy. Bottom line, all the strategies took it on the chin this past month and have given back their gains for beginning of the year and then some. In one way, this isn’t unexpected – momentum strategies always have trouble “at the turn” when there [...]
