Roger Montgomery blows up another fund... - The Chartist

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April 27, 2020 at 11:05 pm #102019

Nick Radge
Keymaster

How the f#ck can you blow up a long short fund?

https://www.montinvest.com/our-funds/montgomery-alpha-plus-fund/

He blew up a Hang Seng day trading system he sold back in the early 2000’s due to very poor backtest and execution assumptions. Like this fund, the Hang Seng strategy went into immediate maxDD without any extraordinary market conditions.

April 27, 2020 at 11:23 pm #111347

Nick Radge
Keymaster

Here’s another casualty…Forager.

This one -73% drawdown…

“We aim to maximise the Fund’s expected return whilst taking calculated risks. We focus on avoiding permanent capital losses although accept the risks of investing in deep value stocks.”

June 26, 2021 at 6:42 am #111348

KateMoloney
Participant

Interesting share Nick. A friend recommended that person to me years ago. I did my research and figured I was better off in a market index fund.
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