Yes, my $7-8 bottom is starting to look shaky now (if I am a real analyst, I would be revising my price target downward now, but I am not, so I am...
Here is the news article:...
At this point, I don't think there is a possibility of outright fraud on client seg funds. So far it is just what some auditors call "receivable...
The simple answer is that because this is how the hedge fund industry works. If you won't do it at 2/20 (which, is already a bit on the high side...
Thomas H. Lee and Scott Schoen has always been known as quite trusting, in the first place. THLee is the anti-KKR, if you will. They will only...
And this just got worse, see the latest press release from Refco:...
I don't know about others. But even if I am aware of any possible loopholes, I won't risk my own registrations to provide advice as to how to...
Why I am commenting I have no idea. Being somewhat familiar with SEC regulations (I was with a hedge fund, and did prime brokerage with ibank...
You are absolutely right, I am not sure they will emerge from this still as an independent entity as well. Comparatively, Refco doesn't have...
Now this is something I may know something about. Bill Sexton was mainly focused on the ops and technology side of Refco. The key person was Joe...
Maybe I don't know all the facts on this one. However, I believe that the SEC investigation is related to the IPO. If the receivable is of...
An obvious trick is that the Receivable was purchased so that the overall Refco Receivable would appear to be higher quality than it actually is,...
I won't call him a market wizard, he is very very very good, but he struggles with parameter tuning and strategy optimization like everybody else....
To take profit, yes, more or less that is the philosophy. The market making side of the strategy is just so that I have a mechanism to...
I do neither. In the purest sense, I statistically model the market micro-structure (the book, the fills, etc), combine the model with an...
Let me add one more category, market making or pseudo-market making, which while not available most of the retail traders, have worked. My...
In a sense, the scenario you described is no different than an option oriented small hedge fund. Would the Trader A do option complex?...
I was the person who noted the situation in the second paragraph. The scenario was not a normal one, it was a professional trader (not retail)...
It depends on the situation. Of course, if I ran into someone at a party (for instance), and he says he is with a hedge fund, I wouldn't ask him...
This is incredibly true based on my experience as well. I would be open to discuss the method and philosophy of the trading strategy without...
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