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Hedge fund gets its start at home - Greenwich Time

Full story: Greenwich Time

Two 25-year-old Harvard graduates from Greenwich are bucking the trend that has sent hundreds of hedge funds to their graves and have started their own fund, investing primarily in currencies, fixed incomes and ...

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DtRatTouth

Hartsdale, NY

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#1
Jan 10, 2009
 

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Wow, these guys are beasts! Best of luck, I'll be watching you.
fool and their money

Monroe, CT

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#2
Jan 11, 2009
 
are oon parted. don't give them a dime.
mak

Stamford, CT

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#3
Jan 11, 2009
 

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"We do intend to grow as fast and as much as possible. Our strategy and the liquidity of markets in which we invest will allow us to absorb any amount of capital with diseconomies of scale"

Uh...yea...right.

If I was contemplating investing with you, and I read this, I would turn and run.
J Perfetto

Wilmington, DE

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#4
Jan 12, 2009
 

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You can tell that the quote should have been "without diseconomies of scale"; the journalist clearly misquoted them which happens more than one would think. Regardless, to launch fund in this environment takes some serious balls and im sure these guys know what they are doing. Why would they willingly leave seemingly comfortable jobs to roll the dice on something like this if they werent completely confident in their investing abilities? Good luck, I expect some Paulson-esque returns.
Joshua

New York, NY

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#5
Jan 12, 2009
 

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These guys are intense, ridiculously intelligent, and deathly serious about their work. They are the ones to watch out for over the next 20+ years. Mark my words - these two will be able to make you money over the long haul.
Blue

Boston, MA

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#6
Jan 12, 2009
 
Their timing couldn't be better. An opaque HF environment (coupled with illogical fee structures) breeds complacent managers. These young guys recognize that investors will need/require transparency as the sector comes under increased scrutiny.
Why Not

Harrison, NY

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#7
Jan 12, 2009
 

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I am giving these 25 years old Harvard graduates my money. Where is the mailing address?
Borgia

Naugatuck, CT

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#8
Jan 12, 2009
 
Like any hedge fund, the proper response would be DONT INVEST your nest egg. If you want to gamble with a little, fine. WHat do you have to loose? If it isnt expendable, you have no business being in a hedge fund. But dont do what those idiots did with their money in Madoff.
Why Not

New York, NY

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#9
Jan 12, 2009
 
Borgia wrote:
Like any hedge fund, the proper response would be DONT INVEST your nest egg. If you want to gamble with a little, fine. WHat do you have to loose? If it isnt expendable, you have no business being in a hedge fund. But dont do what those idiots did with their money in Madoff.
Why mention Madoff? I want to mention Bill Gates was also from Harvard. How many of us were serious about investing with him when he started Microsoft?
fast money

New Canaan, CT

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#10
Jan 12, 2009
 

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Walter Noel went to Harvard. So did those crooks from Drier law firm who also ran a ponzi scheme. Harvard is over-rated - a lot of big failures from that school. That's the problem, investors assume they are smart because they went to Harvard, then they get a reality check the hard way.
Why Not

Harrison, NY

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#12
Jan 12, 2009
 
Madoff did not go to Harvard but many of his investors did go.
Hedge Fund Attorney

San Francisco, CA

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#13
Jan 12, 2009
 

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In these markets it is not surprising that hedge funds are providing more transparency to their investors. While starting a hedge fund will be more difficult in this environment, some of these funds will be successful. I wish the best to these new hedge fund managers. For more information, please see http://www.hedgefundlawblog.com for more information on hedge fund start ups.
Borgia

Naugatuck, CT

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#14
Jan 12, 2009
 
Why Not wrote:
<quoted text> Why mention Madoff? I want to mention Bill Gates was also from Harvard. How many of us were serious about investing with him when he started Microsoft?
I mention Madoff b/c some people lost their life savings on him. Why were they investing ALL of it in a hedge fund? Ever hear of diversification? Thats why I labeled them idiots. I suppose I could of been gentler in my label, so that it didnt appear like I was kicking them when they were down. Sorry.

As per Harvard, that means NOTHING to me. Not impressed, and not revolted either. People are people, no matter where they went to school.
Why Not

Harrison, NY

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#15
Jan 12, 2009
 
Borgia wrote:
<quoted text>
I mention Madoff b/c some people lost their life savings on him. Why were they investing ALL of it in a hedge fund? Ever hear of diversification? Thats why I labeled them idiots. I suppose I could of been gentler in my label, so that it didnt appear like I was kicking them when they were down. Sorry.
As per Harvard, that means NOTHING to me. Not impressed, and not revolted either. People are people, no matter where they went to school.
People are people, but maybe if Bernie went to Harvard he would not have done this giant Ponzi scheme.
SgtBarryPepper

Cleveland, OH

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#16
Jan 12, 2009
 
I heard of that Petri Cat...heard he looks delicious topless
NYOB

Stamford, CT

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#17
Jan 13, 2009
 

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More rich, yuppie, snobby, scum to muck up the works.
Cool Justice

Prospect, CT

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#18
Jan 13, 2009
 

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"We are highly confident that our combined analytical skills will enable us to generate stellar returns, particularly in the global macro space as current severe dislocations offer substantial opportunities for profit," said Petri.

LEGALIZED GAMBLING.....that's all it is...LEGALIZED GAMBLING. One exception, the snooby, little rich kid will ALWAYS make the money, while WE will lose our retirement funds and his response will be: "Its a tough market, it'll turn around".

MEANWHILE, we lose our house, retirement, and kids college fund so that young, master petri-dish can use his parasitic ways to drive a brand new '09 convervatable BMW, while we tell our kids that they cannot go to college because Master RIP-OFF, Petri -stole your college money in a ponzi scheme.

STAY AWAY FROM US, YOU HEDGE-FUND CROOK. This has nothing to do with Harvard - your a FRAUD! There's anaylsis in your investment - just gambling, and I wouldn't bet on you with my last dollar.
J Perfetto

Wilmington, DE

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#20
Jan 13, 2009
 

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Cool Justice is nominated for calling in a bomb threat to the Special Olympics, maaaan!!!!

Hate, Hate, Hate
TruthHurts

Hartsdale, NY

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#21
Jan 13, 2009
 

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Cool Justice: As a fellow human being, I wish your misplaced anger could help you get control of your own life. But alas, if history is any guide, people like you will always blame all their problems on the feigned demons of a little mind (evil hedge fund spirits) while continuing to pay homage to the effigies (buying US Treasury bonds) of your true slave masters that covertly try their hardest to strip you of all your purchasing power and complete your financial servitude.
SgtBarryPepper

Cleveland, OH

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#22
Jan 13, 2009
 

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everybody relax and get over yourselves....Cool Justice you especially. i can just picture you as some middle age depressed man staring at his homely wife who used to be halfway decent while his once promising career melts away to a sad puddle of mediocrity. its easy to place labels such as "rich snobby ivy league kids" or "master ripoff" on people you don't know while you sit on your laptop in "Wallingford, CT" but the anger and resentment you harvest in your disappointed soul should not be let out on others you don't know and topics you obviously do not understand. Still, I'm not telling you to go buy a Corvette or a hairpiece as a middle age crisis coping mechanism but why not try something new. like making love to a man. or getting a cheeseburger at McD's, hold the burger. do anything just get out from your tired, sad, played out act. your rhetoric is boring and trite. clean it up
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