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New Member
Dangerous Fund I
by Johnny Debacle
Tinderbox Capital LLC, an incendiary investment management firm and subsidiary of Long or Short Capital LLC, announces its first fund, Dangerous Fund I.
Dangerous Fund I will specialize in positions that lack defensible absolute return theses. Assets will be allocated so as to leverage Tinderbox Capital’s expertise in trades of which they have little understanding, so-called “dangerous” trades. These trades will include vega convergence bets, investments in opaque levered pass-through instruments, naked red/black hedge trades, and proprietary coin-in straddles. Their due diligence process will include a rigorous “bottoms up” analysis that is comparable to the processes of Fairfield Greenwich Group and other top Fund of Funds. Tinderbox Spokesman Johnny Debacle:Tinderbox Capital LLC is an investment firm that offers a focused set of investment products to a global institutional and high net worth client base. Tinderbox Capital LLC is currently structured to directly manage strategies in so-called “dangerous” trades. Despite this structure Tinderbox Capital is uniquely unqualified to manage your money well, and uniquely qualified to manage your money poorly. You would do well to simply light your money on fire instead because at least then you get the benefit of the heat it generates. Or you could just wait for Dangerous Fund II which Tinderbox Capital LLC is in the process of registering. It seeks to cut out the middleman of lighting money on fire and physically ignite investors’ dollars for them. It will charge a traditional 2 and 20 fee structure.
“We see a clear need for an investment vehicle for people who want to lose all their money. Competitors out there have lost on average 30-40% in this cycle. We think we can lose more, especially with our so-called ‘dangerous’ trades. Our trades are dangerous because we don’t fully understand them. Frankly, we may not understand them at all. Take a vega convergence bet where we form a pair trade with options with two assets with similar, but not the same, underlying. We make that trade and we’re pretty sure something happens we just don’t know what it will be. Does anyone? I may not have the details of that trade correct either. That is a core strength of our investment process.
Scores and Scores of bottoms up due diligence will strengthen everything we do. We aren’t content to just sit on our haunches while someone else just dances about doing work on our junk [bond portfolio]. No, we plan to do that and more, which is what makes our “bottoms up” approach so powerful. We will spend money and get the most bangs for your buck. We will get our hands dirty and our pinkies stinky if that’s what it takes to better understand the trades we make and ascertain their appropriateness.
We know that young risk-seeking investors demand places to put their money to work, places where they can place $10,000 and potentially lose it all. This is the niche that Dangerous Fund I will fill. We give you all the risk you will ever need and guarantee that we will potentially lose it all. Additionally Dangerous Fund I will be appropriate for investors who have too much return in their portfolio and too little risk, as it addresses both sides of that equation so that those investors can effect a proper balance.
We just need your money to fuel our fire.
http://longorshortcapital.com/dangerous-fund-i.htm
Credo che abbiano già chiuso le sottoscrizioni per raggiunta "capacity". O forse "in-capacity"...
