alpha asset strategies Posted July 27, 2016 Share Posted July 27, 2016 http://www.bloomberg.com/news/articles/2016-07-26/the-curious-case-of-joseph-meyer-a-little-giant-of-hedge-funds What does everyone think? Link to comment Share on other sites More sharing options...
jawn619 Posted July 27, 2016 Share Posted July 27, 2016 http://walkingdead.wikia.com/wiki/File:Shut-up-and-take-my-money.jpg Link to comment Share on other sites More sharing options...
Crip1 Posted July 27, 2016 Share Posted July 27, 2016 "Investors must hand over their cash for a decade. If they exit early, Meyer keeps half the principal." Perhaps a better title for this thread is "Things that make you run like hell..." -Crip Link to comment Share on other sites More sharing options...
cmlber Posted July 27, 2016 Share Posted July 27, 2016 “All it does is look at the last trade and calculate trades that would be equivalent of, ‘What if this security increases 50 percent in value in the next three seconds,”’ Meyer says of his program. 99.999% chance this is a ponzi scheme. Link to comment Share on other sites More sharing options...
Picasso Posted July 27, 2016 Share Posted July 27, 2016 Doesn't it just seem like he put 70% of the assets in Treasury bonds, in ten years those bonds would be worth 100% of the portfolio. Then he did a bunch of crazy trades with the other 30%. Combine a bull market in long-term Treasuries with a bull market in stocks = this guy. Or maybe he's also running a ponzi scheme. He looks like he could be from Utah after all... Link to comment Share on other sites More sharing options...
Guest wellmont Posted July 27, 2016 Share Posted July 27, 2016 investor base is mostly local mom and pop, "unsophisticated". Link to comment Share on other sites More sharing options...
Travis Wiedower Posted July 27, 2016 Share Posted July 27, 2016 "Meyer extends inexpensive short-term loans against their investments. Recknagel says he’s used the money to invest even more with Meyer." So he loans his clients money (which is backed by their investments) and then those loans are invested back into the fund? Is that legal? Link to comment Share on other sites More sharing options...
alpha asset strategies Posted July 27, 2016 Author Share Posted July 27, 2016 That article will surely give Mr. Meyer's fund plenty of exposure.........just not the exposure that he likely wanted. I wish I could buy a call option on the number of phone calls he will receive this week from concerned investors. Link to comment Share on other sites More sharing options...
Jurgis Posted July 27, 2016 Share Posted July 27, 2016 He should merge with Wohl Capital asap. Think of the opportunities. Link to comment Share on other sites More sharing options...
doughishere Posted July 29, 2016 Share Posted July 29, 2016 SPX at new highs. If you had that happening with crude oil down 20% from June peak, record low yields, and an earnings recession - you win. Link to comment Share on other sites More sharing options...
RadMan24 Posted August 2, 2016 Share Posted August 2, 2016 If it isn't a ponzi scheme, something's amiss. Numbers, returns, fiduarciary duties, etc just don't add up. Link to comment Share on other sites More sharing options...
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