Replies to post #83390 on DD Support Board and Research Team

[scion]

To Mr. Li's less than sophisticated investors we have a short clip summarizing what just happened:

As for Mr. Li, we look forward to his next "hedge" fund reincarnation so that we too can give him some of our money to manage because it really is not easy to find someone who can blow through $100 million in less than a year. And who knows: if someone is willing to fund a guy that dumb and that clueless, next time he actually is due to hit it out of the ballpark.

http://www.zerohedge.com/news/2015-01-21/hedge-fund-manager-loses-998-9-months-tells-investors-he-sorry-overzealousness

[1manband]

Sounds like fraud to me. The phrase "several undisclosed direct investments" is shorthand for someone took your money.