Imagine if you could pull in $3 billion in fees by losing $10 billion of someone else’s money. That’s a pretty good gig, if you can get it. And that’s exactly what goes on in the world of the hedge fund. Take John Paulson… he pocketed a few billion dollars in fees while losing $10 billion of his investors’ money. On the surface, this doesn’t sound like a good deal for investors. But the problem is far worse than that. One brave (or crazy) hedge fund insider has finally decided to “blow the whistle” on how hedge funds are taking your money… even if you don’t invest in them!
For a limited time, he’s making his findings available to individual investors at no cost. He’s published an exposé called:
The Great Hedge Fund Heist: A Hedge Fund Insider Blows the Whistle on the Greatest Scam Ever Sold.
Discover How They’re Taking Your Money Even If You Don’t Invest In a Hedge Fund
This report comes from James Altucher. James Altucher was the managing director of Formula Capital, an asset management firm and fund of hedge funds. He’s written five books on investing: Trade Like a Hedge Fund, Trade Like Warren Buffett, SuperCash, The Forever Portfolio, and his latest book, The Choose Yourself Guide To Wealth. He currently writes at Jamesaltucher.com and has released a newsletter, The Altucher Report.
Mr. Altucher is the founder of Stockpickr.com, a social network for finance that had millions of unique visitors per month when it was sold to TheStreet.com in 2007. He has written over 200 columns for The Financial Times and has written for TheStreet.com, Forbes, Yahoo Finance, Fidelity.com, and other publications. He was also the founder of a web services firm, Reset Inc, which he sold in 1998, at which time he became a partner at VC firm, 212 Ventures/Investcorp. Mr. Altucher regularly appears on CNBC, Fox News, Fox Business, and CNN Radio, and is also in his spare time a nationally ranked chess master. Mr. Altucher received his BA at Cornell University and attended graduate school for computer science at Carnegie Mellon University.