Oh boy I went down a rabbits hole and struck gold today. The 1% are starting to eat each other alive and they are leaving their sloppy scraps out for everyone to see so join me for a little story time.
Some of you may have seen the release from the SEC today 5/25/22.
Image taken from the complaint
Ok great – so this Middlebrooks guy stole $39,000,000 from 100 rich suckers right? Who cares? Well, my curious ass does.
Let’s check these guys out and see what their all about. The first thing you’ll notice when going to Middlebrook’s website is that they earn a LOT of awards… I mean… Well this image is taken from their homepage.
So I haven’t even left the homepage and I have more questions considering the fact that the SEC LITERALLY just shut them down with an asset freeze.
If this fund is misappropriating and misusing funds… how are they earning all these awards?
Is the company that issues these awards real?
What do they do?
Well I’ve never heard of them but here’s a screenshot of their “Who We Are”.
So what are these “rigorous methods of collecting data” then? How is this highly coveted and awarded hedge fund getting shut down for misappropriating funds while at the same time earning #1 in Net Returns and such?
Well if you go to the relevant section of their website, the answer smacks you right in the face.
“Because one-to-one conversations form the backbone of our data collection”
Who needs factual and officially submitted data when we can you know… just ask them?
That’s right folks. All you need to earn a shiny new award from Preqin is to just tell them you earned it. Apparently they don’t bother to check.
So who runs a ship like this? I’ve never heard of this company before, who is the Founder and CEO?
Well that would be the reason you’re all here.
This all suddenly makes so much sense.
Who else would give fake awards to criminal hedge funds?
Well that would be the BOSTON CONSULTING GROUP.