28JAN09:
Q1-09 DOW: 8900
Q2-09 DOW: 7250
Q3-09 DOW: 5810
Q4-09 DOW: 3960
CITI NATIONALIZED
OBAMA GETS SICK 27AUG09:
Mini Crash 21SEP09 Predicted correctly:
Bailout=Bonuses
Demise of Bear Stearns
Demise of Lehman Bros.
Demise of AIG
Subprime would cause problems
Date of 2007 crash
CRAs were to blame
G20 riots were a party
Northern Rock run
Northern Rock Nationalization
HBOS and RBS demise
UBS really was Useless
Apologies for the delay in producing this newsletter, but I fell asleep in my deck chair over looking the beautiful blue sea of the Mediterranean.
Last year we returned for you over 18% which was an exceptional achievement given the equity markets were tanking like a smack addict snorting talcum powder.
The Fintag Low Vol High Bull fund has returned -5% last month and -13% YTD which is not what you expected or wanted but highlights how even PhDers are not as smart as the average New Jersey / Essex fx trader.
We aim to please and often fail and this month is no different so keep that redemption document in your drawer.
Yours
Finbar Taggit CEO
Here are some choice cuts: dealbook says " Hedge Fund Fees Remain Intact, Report Finds "