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Letter from Hedge Fund up 1000% in 2007 to investors

imirza

Contributor
Jul 29, 2007
227
91
48
98
This Southern California based hedge fund was up around 1000% in 2007 betting against real estate and subprime. Here is a letter from the manager to investors. A good read. http://billcara.com/assets/Dec 07.pdf
 

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Rawr

Gold Contributor
Speedway Pass
Aug 12, 2007
1,816
1,685
454
south florida
A good read - but something is bothering me about it. He writes too informal for a report. I am all for making things understandable and simple but things like "LOL!!!" and swearing could potentially question the validity of his points.

Given that, not a bad read. Rep++
 

Rawr

Gold Contributor
Speedway Pass
Aug 12, 2007
1,816
1,685
454
south florida
I am in the same boat that I think if a person does a great job, he can use latin for all he wants..but does anyone have links that confirm this 1000? I've looked around, its mostly blog posts.
 
OP
OP
imirza

imirza

Contributor
Jul 29, 2007
227
91
48
98
His returns are published in the letter itself. 869% for his main fund. These guys get audited so I doubt he'd publish bogus returns to his investors. Hedge funds all have third parties that audit them and their Prime Broker keeps records too.
 

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