credit fund shorting sub-prime mortgages

[hedgez]

Harbinger Capital Partners, a hedge fund running approximately $10bn or so, last month made around 25% before fees, or $2.5bn profits, with the bulk driven by shorting sub-prime mortgages, lol.

Phil Falcone will get about 20% of the gains, his fund is up about 45% net this year.

 

[FoBoT]

is this spam? or just an incoherent post?
you are supposed to use the default avatar for spam, not the apple

 

[hedgez]

i would have thought some of the hippies like dave would like to know.

we nicked named them harbinger of doom.

 

[FoBoT]

i'll just go back to OT, i don't think i understand P&N

 

[dahunan]

Originally posted by: FoBoT
i'll just go back to OT, i don't think i understand P&N

2 posts and he knows other members personalities etc.. = spam and a second user account

 

[theeedude]

You can do it too, sorta. With SRS, real estate ultrashort fund. I am up 40% in 2 months, and I don't have to give 20% of my gains to some dude called Phil Falcone.

 

[compuwiz1]

Originally posted by: hedgez
i would have thought some of the hippies like dave would like to know.

we nicked named them harbinger of doom.

WWYBYWB?

Which IP spoof engine are you using? Hmmmmm :shocked:

 

[Thump553]

Don't feel bad FoBoT. It's probably a rather ill-disguised ad for a hedge fund. Against forum rules, and probably more importantly, a probable violation of federal securities laws as well.

The smart money is in running hedge funds, not investing in them.

 

[Jhhnn]

The smart money is in running hedge funds, not investing in them.

Indeed. Operators pay capital gains rates on the money they make, even thought their money is only a very small % of capitalization...

http://www.nytimes.com/2007/06...partner=rssnyt&emc=rss

 

[LegendKiller]

Great way of advertising for a hedge fund that very few, if any, members on this board could probably invest in. There's some stiff requirements there.

 

[dmcowen674]

Originally posted by: senseamp
You can do it too, sorta. With SRS, real estate ultrashort fund. I am up 40% in 2 months,

and I don't have to give 20% of my gains to some dude called Phil Falcone.

and I'm the one being called a moron. :laugh: