Letter from Hedge Fund up 1000% in 2007 to investors

imirza · Jan 27th, 2008, 10:04 PM

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%2007.pdf

Rawr · Jan 27th, 2008, 10:58 PM

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++

kimberland · Jan 29th, 2008, 11:30 AM

I see your point about the informal language
but if he's truly returning 1000%,
I doubt he gives a crap what other people think.

Rawr · Jan 29th, 2008, 03:58 PM

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.

imirza · Jan 31st, 2008, 09:54 PM

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.

Jan 27th, 2008, 10:04 PM	#1 (permalink)
imirza Level: (9) Cadillac Joined: Jul 2007 Posts: 165 Thanks: 0 Thanked 3 Times in 3 Posts	Letter from Hedge Fund up 1000% in 2007 to investors 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%2007.pdf

Jan 27th, 2008, 10:58 PM	#2 (permalink)
Rawr Level: (6) Mercedes Joined: Aug 2007 Locale: Midwest Age: 24 Posts: 446 Thanks: 12 Thanked 4 Times in 4 Posts	Re: Letter from Hedge Fund up 1000% in 2007 to investors 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++ __________________ It's not doing a 9-5, eating at Applebees w/the wife and kids after work, and going home to watch TV until bedtime.-Russ H

Jan 29th, 2008, 11:30 AM	#3 (permalink)
kimberland Level: (4) Ferrari Joined: Jul 2007 Posts: 791 Thanks: 19 Thanked 59 Times in 40 Posts	Re: Letter from Hedge Fund up 1000% in 2007 to investors I see your point about the informal language but if he's truly returning 1000%, I doubt he gives a crap what other people think. __________________ My New Business Development Thoughts My Investing Thoughts

Jan 29th, 2008, 03:58 PM	#4 (permalink)
Rawr Level: (6) Mercedes Joined: Aug 2007 Locale: Midwest Age: 24 Posts: 446 Thanks: 12 Thanked 4 Times in 4 Posts	Re: Letter from Hedge Fund up 1000% in 2007 to investors 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. __________________ It's not doing a 9-5, eating at Applebees w/the wife and kids after work, and going home to watch TV until bedtime.-Russ H

Jan 31st, 2008, 09:54 PM	#5 (permalink)
imirza Level: (9) Cadillac Joined: Jul 2007 Posts: 165 Thanks: 0 Thanked 3 Times in 3 Posts	Re: Letter from Hedge Fund up 1000% in 2007 to investors 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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