Game Over RAB Capital: London's Once Star Fund Delists Following Terminal Deluge In Redemption Requests

Tyler Durden's picture

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I am a Man I am Forty's picture

another reason everyone should learn to manage their own money

LawsofPhysics's picture

Yes, and understand what real value is as well as what real money is.  Unfortunately, if humans want to really advance from a technological perspective, those engineers and scientists simply do not have time to manage their money.  At least mine don't.  They don't work fast enough as it is.  Hence, there had better be a system in place the prosecutes fraud at all level, otherwise, game over, period.

writingsonthewall's picture

Weren't these the pricks who bought Northern Rock after it had a run thinking there was some 'hidden value'?

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...

Classic contrarian mentality - "there's always a profit when there is blood on the floor" - except there wasn't.....and it all ended up in court and huge losses.

Add into the mix some speculative oil and gas holdings and hey presto - you have a 'gamblers fund' - which of course always ends up going bust (albeit quietly)

sabra1's picture

people. if we all could have "terminal redemptions" at those american bankster banks, we could be reading about it right here! lets roll!!!!!!

squexx's picture

Jump, you JOO bastards!

Coldfire's picture

<in the voice of "Nelson" from The Simpsons> Haa-ha!

PaperBear's picture

32MN ounce handle in COMEX registered silver which is only $1.2BN.

When COMEX goes to ZERO oz will the board members decamp straight to jail rather than have the american taxpayer pay for their criminal trials.

No doubt should they ever see the inside a jail it will be a minimum security facility because the punishment never fits the crime.

Cdad's picture

And so one more "hedge" fund proves that there is no such actual thing, but merely the aftereffects of riding on the coattails of one good trade, made at the right time and the right place.

Sounds like Cramer.  Made one good trade shorting the NASDAQ in 2001, and every day since considers himself a brilliant investor, one who consequently tells his dwindling audience never to short stocks.  Brilliant.

I think the criminal syndicate banking cartel is plagued with these phonies.  There are still thousands of "hedge" funds in operation that did not exist 10 years ago...and some of them with very dumb algos.  

Let the "hedge" fund purge continue!

SheepDog-One's picture

Another bunch of triple inverse leverage vampire squids bites the dust!

Hacksaw's picture

They're called charlatans:

–noun
a person who pretends or claims to have more knowledge or skill than he or she possesses; quack. The financial services industry is full of them.
Catullus's picture

Don't worry.  I'm sure the fund managers all got paid well before the investors did.

squexx's picture

I'm sure most of the bastards that got paid best were wearing beanies, too!

jkruffin's picture

I smell a huge dollar rally, the G-7 kind of rally to push USDJPY back to 85 again.  ALL aboard!

SP666_IsComing's picture

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All news everywhere now is completely worthless and irrelevant except for ONE!

 

Comet (falling angel) Elenin is coming Sept 27, 2011.  Comet Elenin will be the mightiest of all the angels (comets).  It will try to overpower God (the sun), fail, be banished, and literally fall to earth.  This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer.

 

This comet’s vapor trail is saturated with dust and it will sweep and engulf the earth in October (the falling angel!).  The massive vapor and dust tail will create enormous rainclouds for DAYS all over the world!!  Water levels will rise EVERYWHERE!

 

A biblical flood is coming in October!  This is not a joke. This is not a test.

 

SP-666 will be taken out before October! 

 

Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event.  They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October.

 

Financial market schizophrenic meters are off the charts due to the planning for this event!

 

Wake up world. Protect yourselves. Take appropriate positions, profit from those evil worshippers, survive, and take back some of that stolen bankster booty!

DogSlime's picture

This is sarcasm, right?  What kind of financial position would you advise in advance of an apocalyptic comet?  Umbrella futures?

Ident 7777 economy's picture

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FranSix's picture

RAB Special Situations was very into the TSX Venture Exchange stocks, holding large percentages of the float of select mining prospects.   The were very good at what they did.

 

RobotTrader's picture

One by one, precious metals and energy funds are getting destroyed and run out of business by Uncle Gorilla.

Easiest way to control inflation.

JW n FL's picture

dont fight the FED.. or the FED will KILL! YOU!!

 

and if you add in the comet coming in September with a vapor trail to follow in October? man.. we are screwed!

 

I hope you and yours are all fantastic Robo as always!