opihiman2 Posted September 11, 2014 Share Posted September 11, 2014 Hey folks, Long time no post. I thought I would make a post about fund managers who blew up their stellar track records over the years. Please add to this list if I'm missing any: Bill Miller Legg Mason Beat S&P for 15 consecutive years, blew his fund up in the next 5 and was ousted as the fund manager Eric Sprott Sprott Asset Management Not that long ago (I can't remember how long), their hedge fund had 18+% CAGR. The Sprott Canadian Equity Fund was averaging near 30% since 1997. Being a gold bug and precious metal fan, Sprott's funds took a big dive and is now averaging 6% and 11-12% CAGR respectively. Trapeze Asset Management Up until the 2008 recession, TAM had unreal returns for 10+ years, averaging 33% CAGR. After the major blow up, their long/short fund is now averaging about 10-11% CAGR since 2008. They no longer post their previous performance graphs that showed their stellar performance up til 2008 Ken Heebner, CGMFX Had the best performing mutual fund there with almost 20% CAGR. Blew up the fund a couple times the past few years ago but seems to be back on track. Now averaging 10% CAGR. Any more? Link to comment Share on other sites More sharing options...
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