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Drama's picture

Crappy hedge fund managers

Who is the least qualified hedge fund manager you know or heard of?

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juicyj's picture

tim sykes

tim sykes

mwgr5's picture

lol I second tim sykes,

lol I second tim sykes, although he did have a track record

www.sharpeinvesting.com

MMmonkey's picture

Kirk Wright

Kirk Wright

The best was when he showed investors account statements that were taped together and had Ameritrade at the top. He didn't let them touch; just look.

"Authorities say Wright took in $150 million from thousands of clients and used false documents to make them believe their investments were doing well, when he actually was losing money in the market."

Takes some balls to scam Steve Atwater. That man used to blow suckas up.

http://www.ajc.com/metro/content/metro/stories/2008/05/25/hedgefund_0525...

Edit: Didn't mean to take this in a fake, not simply unqualified, direction

Drama's picture

Tim Sykes made a lot of

Tim Sykes made a lot of money in a BULL MARKET. Not at all impressive. And he went to a non-target (some Cayene University or something..)

trade4size's picture

Rofl @ non target. "Oh - the

Rofl @ non target.

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

aachimp's picture

if you ever were unfortunate

if you ever were unfortunate enough to read the shithole that is elitetrader.com, you'll know that Tim Sykes is a complete quackjob.

trade4size's picture

rofl @ et. Whats wrong with

rofl @ et. Whats wrong with et? Some siick indepedent traders on that site. And some people that literally are flushing their money down the toilet on there.

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

finance1234's picture

non-target vs target

does going to a target school matter that much? isnt it more what you do when you go into the working world that counts? Ie. getting into a good firm and proving your worth? there are lots of people that are from "good schools" that are total idiots, at the same time there are lots of people from good schools that are brilliant too. But i think basing someone worth just on their university (AFTER HAVING WORK EXPERIENCE) isn't fair.

aachimp's picture

...

trade4size wrote:

rofl @ et. Whats wrong with et? Some siick indepedent traders on that site. And some people that literally are flushing their money down the toilet on there.

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

the noise to content ratio on et is worse than what you'd find on myspace.

trade4size's picture

But they still have 100X the

But they still have 100X the trading content that WSO does. Relevent stuff for futures/equities/fx/options. ET is a solid site, would love to steal some of their members. The site probably brings in 350k a year... not bad for a niche website....

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

ARD45's picture

...

finance1234 wrote:

does going to a target school matter that much? isnt it more what you do when you go into the working world that counts? Ie. getting into a good firm and proving your worth? there are lots of people that are from "good schools" that are total idiots, at the same time there are lots of people from good schools that are brilliant too. But i think basing someone worth just on their university (AFTER HAVING WORK EXPERIENCE) isn't fair.

untitled123 is obviously an idiot... you really think the school you went to is going to directly affect the kind of returns you make? I'm sure there's some good correlation between the top managers and their schools... but c'mon.

aachimp's picture

.

trade4size wrote:

But they still have 100X the trading content that WSO does. Relevent stuff for futures/equities/fx/options. ET is a solid site, would love to steal some of their members. The site probably brings in 350k a year... not bad for a niche website....

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

et has a few good apples. in fact, in a very, long convoluted way, et contributed to me getting my current job. but for every quality post on ET, you'd have to filter out 100 shitty ones. definitely agreed that it would be nice to have some of their better members.

ideating's picture

aachimp, what do you do now?

aachimp, what do you do now?