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  • MJG July 2016
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  • MJG
    edited July 2016
    Hi Guys,

    Fraud is a very emotional and perjorative characterization. Yes, a few things are disquieting with the referenced fund, and caution should be the operative watchword. However, a fraud charge is premature at this juncture. It's probably a good idea to wait and see on this news item.

    I would likely pass on investing with the referenced Hedge fund because I would be reluctant to accept the terms offered by that firm. I do not agree with the policy of no allowable withdrawals for a 10-year period, and I don't invest with funds who are secretive about their strategies.

    Also, I am familiar with the exploits of Charles Ponzi and more recently Bernie Madoff. Both those guys did serious jail time. I am definitely not forecasting that outcome for the referenced fund manager, but history, although never exactly repeating itself, does have a way of rhyming with historical experiences.

    As usual, buyer beware. The lust for super returns always adds hyper risk to any investment program. That's not me. I'm happy with market equivalent returns so I don't fall victim to exaggerated promises that fail to deliver the goods.

    Best Wishes.
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