Obscure Hedge Fund Manager

The numbers that have been seen coming out of a hedge fund all the way down in the Atlanta area are quite surprising given the recent performance of the hedge fund industry.


Annual returns of 13%, 24% and 91% since 2013

The fund is called Arjun LP and the man behind it is Joseph A. Meyer Jr. Meyer contributes his success to a computerized system that he designed on his own aside from investing his clients money in treasury bonds. Meyer is very confident that his fund is doing so well that it is offering almost a guarantee.

Here's the catch, the price of admission is steep as Meyer keeps half the principal if clients leave early in the decade they hand their cash over. Also, you don't really know what he's doing with your money.

How extreme are these given the industry as a whole?

The fund is under the parent company Statim Holdings Inc. and it has been discovered by the Georgia secretary of state that the securities division has discovered multiple irregularities with Meyer and the fund.


Arjun might never have gained much attention at all except for one thing: The numbers Meyer has been reporting have placed him, quite improbably, near the top of the hedge-fund game.

Bloomberg had also reported on his performance as well,


Meyer’s numbers certainly are enticing. Relying on data reported to Bloomberg LP, Bloomberg News ranked Arjun eighth in 2015 among hedge funds with between $250 million and $1 billion in assets. BarclayHedge, which also tracks hedge funds, has bestowed no fewer than 17 awards on Arjun, according to Meyer’s website. Arjun was named one of five top global macro funds of 2015 in HedgePo’s Investors Choice Awards

Meyer says his secret sauce is the proprietary program running on his computer that automatically sends orders to Arjun's prime broker. He tweaks his program every 16 months or so which keeps him constantly innovating. “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.

For a fund manager doing so well with the capital that has been invested into it, the clients have so little communication as to what is being done with their money. He doesn't even send audited financial statements to clients either. Therefore, they basically just have to take his word for it.

How often should fund managers interact with their clients? It seems like answers always vary, but to me, if the annual returns are superb (like here) why would I even need to reach out?

Source

 

Aut velit excepturi vel earum porro tempora. Eos molestiae quia atque. Recusandae quia et sunt sed nisi assumenda consectetur.

Minus sunt odit dolor voluptatem. Quas placeat neque assumenda non. Sequi hic ut dolorum non voluptatibus rerum corporis.

Assumenda et nobis accusamus. Quia hic quia sapiente impedit iusto exercitationem quia.

Voluptas similique veniam velit aut sed velit optio non. Illo facilis aut est expedita unde. Sequi amet soluta dolorem quibusdam modi tenetur.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”