English version follows. Je vous ai déjà parlé de Nandu, un gestionnaire d’exception. Un des rares à ne pas perdre d’argent dans le contexte difficile actuel. Je viens de voir sa performance d’octobre. Ouf! Il m’épate. Tous les fonds communs plantent et lui, il a fait 23% de rendement en un seul mois! Malgré les inquiétudes liées aux PCAA et la montée du huard. Depuis janvier, le Dr Nandu Narayanan a fait faire 93% de rendement NET aux investisseurs de son fonds CI Mondial Occasions d’investissements! Bonne idée, il vendait à découvert (Short) des actions des financières qui faisait du « subprime » ou encore des institutions momifiées dans les PCAI (Papier Cotonnelle Adossé par des Idiots).
Nandu is at 93% since January
I’ve already spoke to you about Nandu, an exceptional manager, one of the rare who isn’t losing money in the present difficult situation. I have just seen his October performance. Wow, I’m impressed. All the common funds are going downwards as he’s doing 23% in one month. Amidst the uncertainty linked to subprime and the rise of the Looney. Since January, Dr. Nandu Narayanan has obtained 93% net profit for the investors of his CI World Occasion Investment! Good idea, he was selling short some stocks of financials who were doing subprime or mummified institutions in subprime fiasco.
I will not lie to you that I’m smiling since I took note of the announcement by Purdy Crawford, the president of the national comity of investors in bonds linked to subprime circulated by third parties. Here is the sentence that relieves us: ‘’the investors will see the color of their money by next march to the latest’’. We learned that a proposition will be presented December 14th. The assets held ‘’seem to be of good quality’’. And 97% of transactions received an excellent note of AAA. About 2% obtain a note of AA or AA (weak) and 1% a BB note from the Dominion Bonds Notations Agency. If we don’t have much news from its comity, it’s by fear of manipulation on the behalf of Coverage Funds. When this fiasco is cleaned a good reform to help Hedge Funds will be necessary. We can read more details in the Devoir.