- Reuters/Desmond Boylan
Everyone on Wall Street is talking about a small, secretive hedge fund that is posting crazy returns.
Simone Foxman and Margaret Newkirk over at Bloomberg published a great story Tuesday morning on Arjun LP, a fund run by Joseph A. Meyer.
The fund has posted annual returns of 13%, 24%, and 91% since 2013, according to the story. Meyer, the founder, has guaranteed investors that they will never lose money.
The catch: Investorshave to hand over their money for 10 years, and they get little information about the strategy.Meyer says only that he employs a computerized system and invests most of his clients’ money in Treasury bonds.
Finance Twitter can’t stop talking about the story. Here is a sampling.
— Downtown Josh Brown (@ReformedBroker) July 26, 2016
How does this hedge-fund manager make so much money? https://t.co/Jhsdzn6bNO (this is really something)
— Charley Grant (@CGrantWSJ) July 26, 2016
— Brian Timoney (@briantimoney) July 26, 2016
— Antoine Gara (@AntoineGara) July 26, 2016
— Zeke Faux (@ZekeFaux) July 26, 2016
Trust the program, says hedge fund that *guarantees* no losses. https://t.co/66KGvdsKfX
— Romy Varghese (@romyvarghese) July 26, 2016
There are enough questions that Georgia’s securities regulators are looking into the matter, Bloomberg reports, adding that Meyer’s lawyer responded that it was just over a misunderstanding.