**UPDATE** Keith decided sue @CramersShirt (whose Twitter can be followed for disclosure on the topic) for a second time:
I had heard of these guys but I never paid much attention to them. One of the major issues I have with a minority of Ivy Leaguers is their sense of entitlement and their personas that radiates the "my shit doesn't stink like yours does" attitude. Not even close to all Ivy league guys are like that but if I shared the same alma mater, I would do what is possible to distance myself from people like the one you're about to read about.
To be honest, I'm getting tired of these guys and aside from my snarky Twitter commentary, this may be the last time I write about this group of fraudsters non-trading investment research professionals (who find time to tweet all damn day), unless they shut down. I never engaged Chief Keif either, I was brought into this when I became of a target of Hedgeye's "Twitter Trend Attachment" process...this is where they find out what topic is "hot" and seek to inject themselves into. For a recent example, see their attempts to converse intelligently on market micro-structure.
After we finished the material for Wall Street Code and VPRO began making it public and promoting the film, Keith decided to come at me as part of FraudEyeGuy's Hedgeye's "Twitter Trend Attachment" process #Process. Then, as usual and without any evidence, Hedgeye started to hurl libelous claims at me regarding basement living and some other generic shit these geriatrics spew in effort to get their next dopamine hit before the depression hits when they go home to that AARP application they've been procrastinating to fill out. So that's how I became involved in the shrewed marketing #process that is perpetrated by these Connecticut fraud eye hedgers, eye goobers, whatever the hell their name is (Ice Edge, Research Edge, Hedgeye...it's all a charade).
What I really want to highlight is how this tight group of Yale chooches blatantly lie in a effort to enrich themselves through subscription sales, which actually makes them a fraud. Let's go back to the beginning though.
Hedgeye took a Connecticut loan that was part of broader cash disbursement from the CT government to local businesses. The terms of the deal stated that of the $2.5 million Stinkeye received (at 2%), half would be forgiven if they hired 120 people (Page 20, last two paragraphs). What kind of people were hired to reach the goal? Make-up artists and cartoonists, that's the kind. No traders were brought on board...they don't trade but one wouldn't know that when the CEO Tweets misleading and fraudulent comments such as these:
Also, this one:
The "booked gains" tweet that came from the firm's official Twitter handle:
These are heavily misleading comments. Especially when you consider this: we're all real traders, either individually or with a firm. No one in my circle would ever pay for someone else's trade idea. So I'm going to assume those that would pay for someone elses trade ideas is either new to the game or just a tourist. These are people who are easily mislead by Keith's comments mostly because they don't have the resources we have to do research. Point and case, do Mom and Pops have Morningstar to look up AUMs and receive reports like this?:
How does one book gains when in their very CT complaint against Pirone (see below, number 3) they label themselves as "providing investment research and advice". I'm confused here. Confused like most people who come across Hedgeye on Twitter and on their website. Keith behaves in a very misleading way...probably because he realized no one gives a shit where you went to school.
Hedgeye is using the United States Government for personal and corporate enrichment. Here's Frau McCullough serving a blogger with a lawsuit...further tying up US judicial resources (what kind of tough guy can't handle a little virtual portfolio analysis?)...what a Princess this Twitter thuggin', mis-representing, non-trading research mooch is.
It's shocking, appalling, and offensive how Hedgeye behaves. They could just as easily stop implying they trade. If they stuck with the research firm angle (something Keith won't do because after his 1 year stint at a fund that closed down while he was employed, he realized how pathetic his "attribution" values are) they wouldn't be getting heat from industry professionals willing to look out for the "little guys", not so we can rob them of $29.95 per month but because we make enough money we can do this on an "integrity" claim.
Now we have these guys preparing for what will be an investigation into their operation as they continue with the lawsuit. Here's one example:
And let's not forget these statements publicaly made on Twitter that conflict with Hedgeye's claims in the court document:
You decide...is Hedgeye a fraud or not?