> Seems highly unlikely that there’s any actual secretive insider trading happening here.
There's no smoking gun and the Times did seem to be fishing around for one in this piece. It's a bit of a lurcher.
On the other hand:
> Internal documents examined by The Times show that from 2000 to 2010, MIO’s flagship fund, the Compass Special Situations Fund, had an average annual return above 9 percent, compared with a 1.6 percent loss in the S&P 500 Index. In 2008, when the broader United States stock market fell more than 36 percent, the Special Situations Fund lost about half that amount.
It's possible to get that kind of return with nothing but public information. But it's a lot easier if you have miraculous hunches every now and then.
There's no smoking gun and the Times did seem to be fishing around for one in this piece. It's a bit of a lurcher.
On the other hand:
> Internal documents examined by The Times show that from 2000 to 2010, MIO’s flagship fund, the Compass Special Situations Fund, had an average annual return above 9 percent, compared with a 1.6 percent loss in the S&P 500 Index. In 2008, when the broader United States stock market fell more than 36 percent, the Special Situations Fund lost about half that amount.
It's possible to get that kind of return with nothing but public information. But it's a lot easier if you have miraculous hunches every now and then.