http://www.times-series.co.uk/news/8332019.EXCLUSIVE__Tory_councillor_looks_for_support_to_begin_leadership_challenge/
The actual comment :-
whtvr, hendon says...
7:29pm Fri 13 Aug 10
is this the same mark shooter
http://www.bloomberg.com/apps/news?sid=aehuMSW1UH0A&pid=newsarchive
lost a few hundred million for his clients but still walked away a multi milionaire himself.... wow what a moral man not taking a pay rise and is nonone concerened about him being incharge of budget
lost a few hundred million for his clients but still walked away a multi milionaire himself.... wow what a moral man not taking a pay rise and is nonone concerened about him being incharge of budget
http://hf-implode.com/viewnews/2007-11-02_ShooterFundDown28InOctober.html
anyone fancy iceland as an investment
----------------------------------------------------------------------------------------------------------anyone fancy iceland as an investment
This comment is absolutely typical of the sort left by "sources close to the Tory Leadership". I'd even put a fiver on the author. It does show that they are seriously worried. Now I've limited knowledge of hedge funds. What I do know is this, they are at the riskiest end of investments. When they work you make a shedload of cash and when they don't you lose it. Anyone investing in a hedge fund should only do so if they can afford to lose the lot. As far as I can tell, Shooter Fund Management LLP Ltd is still trading. It clearly had a bad year 2007-8, but I'm rather intrigued that they had to go back three years to find a bad story. What has happened since then? Well the Hendon Conservative Party selected Shooter to stand as Councillor for Hendon. They clearly know all about him and were happy enough.
If they are saying that running a company which loses money disqualifies you from being Leader of the Council, then surely Hillan must go. The company she was the boss of, Ashurst Direct Marketing Ltd went bust in 2006. Has Mark Shooters business career prepared him for a role such as running a council? Clearly he's got to make that case. He appears to be a dynamic player, a risk taker by nature. Is this what we want from a Council Leader? It is a question Mark Shooter needs to answer. The point is that so far the choice is him or Hillan. Both are clearly risk takers, it appears that Shooter is rather better at calculating the odds. Whilst Hillan is happy to live in an Ivory Tower and take the mickey out of the rest of us, at least Shooter has the sense to listen to what the people who elected him are saying. I'm not a Tory, quite the opposite. I'm not going to endorse anyone, but if it was down to me I'd say the choice between Shooter and Hillan is rather like a choice between a hiccup and a heart attack.
Expect more of this stuff from "The Helpers of Hillan"
(Duplicated on another post, this is where I meant to put this.)
ReplyDelete=================================
SHOOTER FUND MANAGEMENT LLP:
=================================
BRIDGE HOUSE
LONDON BRIDGE
LONDON
SE1 9QR
Company No. OC308159
The Shooter Multi Strategy Fund Limited, launched November 1st 2004, is a relative value fund seeking to generate consistent absolute returns in a range of market conditions. Historically the firm has traded in equity (US and Europe), FX and interest rate markets (G10) with a sizeable allocation to equity volatility and quantitative strategies.
Case Type: Voluntary Members Liquidation:
Wind Up Date: 08/05/2008
Appoint Practitioner: 08/05/2008
Status: Dissolved 29/09/2009
=================================
MARK SHOOTER:
=================================
Employment History:
Exciting Actuary
(that's what it says)
Shooter Fund Management LLP
Utilities Manager, Global Fund
European Hedge Fund Manager News
Options Trader
UBS O'Conner
A fellow called Mark Shooter ...
www.contracts-for-difference.com,
24 Nov 2008
A fellow called Mark Shooter of Shooter Fund Management. One of THE best options traders around, made a lot of money, was super smart... etc. But he's now busted out, lost £100's millions when volatility went throught the roof in the summer of 2007.
Shooter: Fund Management
www.shooterfund.com,
1 Jan 1992 (shume mishtake?)
Mark Shooter: Chief Investment Officer & Founder, Over 10 years of trading experience in the financial bond and equity markets, with a consistent, highly profitable record.
2004 CEO, CIO and founder of Shooter Fund Management LLP
Head of Trading/CEO of Shooter & Curtis Options Trading, using volatility strategies to trade across European equity markets (1997-2004)
Rising Stars - Financial News Online
www.efinancialnews.com,
16 June 2006
41, Mark Shooter, Exciting actuary. Founder, hedge fund manager, Shooter Fund Management...
Break through: Last year, Shooter launched the eponymous Shooter multi-strategy fund, a volatility arbitrage fund focused on European and US equities.The fund has produced a steady, and impressive, 1.7% a month for investors since launch.Shooter trained as an actuary at Watson Wyatt before joining UBS O'Conner as an options trader.He tested his trading approach for eight years under the umbrella of the Kyte Group.
Mentor: Few traders take advice, and Shooter is no exception.
Firepower: Shooter closed his fund to new investors at about £200m, not wanting assets to dilute performance.
Potential: According to investors, Shooter has the potential to build one of London's top hedge fund families.His willingness to restrict capacity in his funds is particularly encouraging.The multi-strategy fund focuses on exchange-traded front month derivatives, which are transparent and liquid.As such, the approach has the potential to be exported to other markets, according to investors.Shooter has expanded the strategy to FX and interest rate volatility markets and intends to launch a second fund, and open the existing fund to new investors, in the first quarter of 2005.
Search the Archive for Mark Shooter
www.iialternatives.com,
22 Dec 2007
Shooter Fund Management, the London-based hedge fund firm led by Mark Shooter, suffered huge losses in its flagship Shooter Multi-Strategy Fund in October, sending it into negative territory for the year.16/11/2007
Global Foundation for Sustainability of Billions of Minds
www.billionmindsfoundation.org,
22 Feb 2008
With over 600 million US dollars under management, award winning Shooter Fund Management LLP, founded by Mark Shooter is a fund specializing in volatility arbitrage.
Comment:
Well, he's made his bundle - so he won't want to greedily grab it from Barnet residents, unlike Our Lynne and the rest of the cabinet!
Sorry Roger - please remove all but one of these!
ReplyDeleteI blame a bug in Blogger - it's not my fault.
Well, we all make mistakes ... I am very pleased that amongst the Tory group in Barnet we offer respite care for distressed businessmen and women.
ReplyDeleteWhat better therapy than to offer them the billion pound council budget to play around with and regain their confidence.
Glad you eventually found the bottom of all these comments, Mrs. A! I certainly didn't add seven identical ones. (And why seven?)
ReplyDeleteIt seems that Hendon has become the hot bed of anti-sleaze intrigue against the money-grabbing at the Kremlin.
It is the Vienna of the 'Gold War', with clandestine meetings on the Station Road Ferris Wheel, and conspiracies hatched in the Colindeep Lane sewers, all followed around by a man with a zither.
What happened to the Chair of the Hendon Conservatives, who had to report to the Politburo a couple of weeks ago, after criticising Lynne in the Barnet Times?