Fast forward now, after being up 10% out the gate, the fund is now down nineteen percent from its peak in six weeks. It's not even a 20 percent drawdown (and only an 11.5% drop from the start), and I'm already fielding the semi-nervous calls of "How are we today??" In fact, just a few minutes ago, after the Fed statement came out, I got stopped out of my Eurodollar position which had been initiated just 27 hours beforehand. Here comes a call: "So how did that Fed thing affect our bonds?...." Ugh.
Not that it needs to be repeated, but when taking outside money take the whole "iron stomach" declaration with a large grain of salt. Anyone know of a "as an investor, one cannot contact the manager about this investment" clause to put in the legalese for a fund???
![Razz :P](./images/smilies/icon_razz.gif)