College student's fund has a 500% annual return over 9 years
I saw pictures of him on fb, he's a young kid that drives a Porsche Turbo and a Lamborghini Murcielago LP670. I've seen that Lambo around tons of times, but I was shocked when I found out he was the owner of this fund. So while I doubt any college student can have returns greater than anyone in the history of finance, his lavish cars are the only thing preventing me from calling him a total fraud. This guy graduated from Tufts and is in law school now. Also, I'm sure he's not dumb enough to make false claims by the SEC claiming he is one of the 400 largest traders in America.
Thoughts?
1) that kid is probably you trying to gauge how believable your "hedge fund" is. 2) Neither he nor AutoTrader exists in official SEC records. 3) Another fantasy by a college kid who wants to be in a place he isn't yet. 4) I know because in freshman year way back I put that I was the founder of blah blah blah capital management on my FB because I made $4000 in a personal trading account and then took it off after a couple months realizing how fucking ridiculous i was. I even made a fucking website for it. 5) I know another guy back in college who was obsessed with Wall Street that he did pretty much the same and had even put fake employees on his website and "hedge fund"
This kid is a econ/computer science grad from Tufts, certainly no community college student, but what's the point of making these lies and fabrications.
My question is, how the hell did he get a Porsche and Lambo?
Regarding the name of the fund, my guess is he didn't name it after the car website, more like automatic trader or something.
Either way, this is pretty fishy.
Everything about this thread seems to be a little fishy...
This^ Terriers12 is obviously writing about himself, then after the negative feedback pretends he is not affiliated with this person.
hahahahaha you make me laugh. like i would waste all this time to pretend to be a fraud.
Things: 1) Lmao at the picture on the front page of that website 2) Who goes to law school when they're so talented that they always make triple digit returns 3) Why the fuck is the fund named after a car magazine 4) Who makes a website with absolutely no plans for public investment but spouts off returns 5) No mention of his strategy whatsoever because it doesn't exist, unless he swing trades F/GM lol
A homage to Joe Dirt:
Another name to add to the Aleksey Vayner and jeffrey chiang list?
bahaha Aleksey and Jeffrey took it WAAAAY too far. they deserved what was coming for them. Aleksey plagiarized an ENTIRE BOOK and claimed he had written it - I'm surprised the author of that book didn't sue his ass for that. Jeffrey basically tried to con his way into an investment bank by putting false words in the mouths of real professionals whose reputations were on the line.
This kid on the other hand -- as long as he's not handing out business cards with that shit on it or putting that shit in his resume to investment banks, he's insignificant in my opinion. i think the number of kids obsessed with Wall Street who make up fake websites like this and subsequently put "Founder/CEO of xxx Capital Management" on their Facebooks is way more than you think!
hahahaha, lmao at "that kid is probably you trying to gauge how believable your "hedge fund" is."
the only reason for this post is, if these are real returns, which explains why i seem him driving a lambo. i am in no way affiliated with this guy, know him, support him, or anything. just came across this and was really curious.
y y'all playa hatin'?
Some people actually do have legitimate funds that one could put on a resume. I think this conversation has been played out but if you have 6 figure AUM and it comes from maybe 5+ investors outside of your immediate family, and you've been doing it for at least 1-2 years, I think it's worth mentioning on a resume if you can back it up with an explanation of your strategy. I did this and I have a friend who's in college now who has 7 figure AUM, so at a point of legitimacy I think you'd be hurting yourself not to talk about it. But this kid is total bullshit so if he's trying to get us to tell him it's possible or validate it to himself/someone else, let's just say it's not.
I'm glad related content on this post is Mr. Kerviel's sentencing from the Soc Gen fuck up, for what it's worth.
That's true, this guy isn't anywhere close to Vaskey and JC status. But man, when you go out and say you're a fund manager of xxx Capital Management, AND say that you were able to achieve 3000%+ return a year, you better be able to back that sh-- up. When you make a statement like this, basically claiming you're better than the world's best hedge fund managers, you're gonna get attacked. Guys like this need to be exposed if he is indeed a fraud.
That's not his lambo.
Well, we're not sure if it is or not. I'm in the Boston area, and I can tell you that I have seen this kid drive it many, many times. I walked by this house that had the Lambo in a garage with the same license plate all the time when I used to walk to a nearby public tennis court.
I have no idea if it is his car or not, but he certainly has driven it. And his fb shows a video of him racing in a Porsche Turbo. If his fund is indeed real, it would make sense for him to be able to afford all these cars.
It makes my blood boil to see people with super inflated egos try to play themselves as young hot shots starting their "hedge funds" when they aren't even nothing close. They deserve to be exploited and embarrassed.
That's not a Lamborghini LP 760-4.....that's how you know it's not his.
Never evaluate a man's financial success based on the type of car he SEEMS to drive in pics on his FB. I once saw a niiice 2007 BMW with 40k miles on Craigslist from a former financial analyst who got laid off and need some cash - he was selling that for only $15k - anyone who could afford a new Honda Civic could have purchased that (although the subsequent maintenance costs are another story)
You can also rent Lambos for a day for $2000 although i've seen some promotions go for $500/day. Porches would go for a lot less.
Also the lambo could be his dad's or something similar.
Just keep an open mind.
he doesnt seem to drive this, he DOES drive this. of course this doesnt mean he owns it. believe me, i'm not a gullible person by any means, and am extremely skeptical of this whole situation. but i've seen him drive this car in person many times. i want to send an email asking for verified sources of his claims by the SEC.
you can actually lease a 2012 Lambo for $3000 a month with a $24k down payment (some kids can actually do this with a couple ibanking internships that give you $15k per summer assuming they had full college tuition covered already):
http://www.swapalease.com/lease/details/2012LamborghiniGallardo.aspx?sa…
And if you lived at home and saved the $3000 in rent if you were to live in NYC, split that up with another show-off of a buddy for $1500 a mo and you got yourself a lambo. Of course nobody actually does this because it's so fucking stupid but hey, I'm sure 1 out of 10000 out there is doing exactly this hahaha.
obviously a 2000 lambo compared to that 2012 model would make you look just as good and rich and would be a HELL of a lot less than $3000/mo with a $24k down payment, for example. so again, never judge a man's financial worth by the car he drives.
wtf....first a stripper( niki marx)..now a college kid.... what has the street come to!
He looks like Michael Jackson. I ain't jelly.
Also, why only ~100% in 2008?
^ hahahaha
someone needs to call this guy out, let him learn a life lesson while he's still young
terriers12 shut the fuck up.
any way
yall hatin bc u dont have his swag i heard rumors this kid is actually swagon
LOL
LMFAO +1
hahaha go suck this guys d more why dont you. youre an idiot if you think this guy is legit. wait, youre probably a friend or the guy himself given your defensive comment. anyway, take your comments elsewhere or go fuck yourself. thanks :)
I don't think he was supporting the guy.
What exactly are you looking for from us though? It sounds like you're pretty confident he's a fraud so what more is there to say?
You are confused my friend, I was in no way supporting this clown (you), read clearly before you make an ass out of yourself. Oh and btw why does "his" Lambo have Atlanta plates when his Facebook shows he went to high school and college in MA meaning he grew up in MA.
that comment was a response to blastoise. i have no idea why it says atlanta, there are lots of reasons to get an out of state license plate.
He doesn't have GA plates. He has a MA plate but his license frame says Lamborghini of ATL. GA license plate has a massive peach in the middle of it.
This is, by quite a stretch, the most stupid thread to squirt its disgusting nut on the WSO servers this year.
+1
The Porsche is definitely his, he had that in college.
Now I'm wondering if this thread and website was just made as an elaborate troll...
He might just come from an ultra wealthy family...that's why he drives a lambo.
3000% return in 2004. haha
He delivered about 3310% alpha... I don't see how this is that far-fetched.
if this was true he would be on Forbes billionaire list by now
3000% return is basically just doubling up 5 times in a row.
Nothing too spectacular. You have a little bit less than 1/32 chances of doing that playing roulette.
2.6% that you see a 35x return. 97.3% chance you lose everything. Go pitch that to the pension funds real quick, I'm sure they'll be on board.
Lol, totally fake
totally real, met the guy & partied several times in his brookline mansion. saw the lamborghini in the garage quiet guy, never spoke about trading.. not sure of his strategy, have some clues though & pretty sure its changed over time
Sounds legit.
I told you not to tell anyone, I don't to be bothered with interviews for Jack Schwager's next Market Wizards book!
bwahaha! nice.. generous as usual I see. I promise I wont tell anyone about the digital slushie machines & I shall order that book this wk.. thx ~ Wizard in Training
The key to this is looking at how much leverage he uses. If he is a ok trader he can make a boatload of money if say he had a nice sum to start with. For instance say he has 500k in his retail account. You can buy 20 cars of /Cl(crude oil future contract) for a little north of 90k on margin.One tick in crude with 20 cars is worth $200.00. Now scalping 10 ticks in crude really isn't that hard a 5 minute candle moves up about 20 ticks during ny trade, if he can do that every day on a consistent basis he can make 10k a week and that would be 500k a year or a 100% return but calculate it with say 2% leverage and its not that great. The big hedge funds do not use that much leverage because they could buy like 2 million contracts which is the daily volume of the e mini s&p 500 contract. Leverage brevan howards 15% return 20:1 and its proabably more like 2000 percent in a year.
You are an idiot if you believe this crap. Hedge Funds cannot advertise their returns on a website unless it is password protected and the credentials are given to accredited investors per standard SEC compliance protocol. Also, it's not hard to get 3,000% returns...buy fucking AAPL calls.
you mean puts? :P
haha....not back in the year he earned it. maybe now you could ;)
The kid's made his money off of HFT aka algo trading aka go read Flash Boys if you don't know what the fuk I just wrote. Yes, having a Lambo with the Gatsby vanity plate is a douchey move, but he's probably made tens of millions in HFT while all you monkeys obsessed with reaching MD level at GS and knowing how to write proper Excel macros are still logging 120 hour weeks for what he probably considers chump change. I say props to the kid if he's been making more money than your average BSD at a BB.
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