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The Fund is reserved for institutions and high net worth individuals.
It has been closed to new investors.
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| Viking Hedge Fund - Smooth Sailing |
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While many strategies that are unavailable to mutual funds, including selling short, leverage, options and derivatives are a large part our business, we always keep preservation of capital in mind.
The fact that hedge funds are exempt from many of the rules and regulations governing mutual funds allows us to accomplish aggressive investment goals.
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Our management team has been headed by the same fund manager since 1993 and the Viking Hedge Fund has outperformed the S&P 500 index since its inception.
Up to 1999, while we only traded equities and indexes, we decided to take a large position in gold futures, even though the price had been in a downtrend for many years. Our research indicated very low risk for further downside, and huge upside potential. The Washington agreement, two months later, propelled the price of gold and our gains were very substantial. Price discrepencies caused by fear or greed are never too far from reversals. This best describes our strategy.
Our board first analyzes macro economics as well as governmental policies and their effect on markets worldwide. Next, we study fundamentals affecting currencies, commodities and futures and take a forward look at events (including weather). Lastly, we include our proprietary trading tools and our technical analysis studies to add timing in our decision making process.
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Letter to investors
From: Fund Manager [mailto:nduzan@viking-fund.com]
Sent: Sunday, October 14, 2007 4:46 PM
To: ALL
Subject: ALERT-Stock market TOP
Importance: High
Throughout my career, I had the perilous responsibility of predicting the direction of different markets globally. This has been achieved primarily through macroeconomic and fundamental research, all the while considering investor sentiment.
But as Lord Meynard Keynes insightfully noted “Markets may remain illogical longer that we may remain solvent” – I include technical analysis to validate my work, a precious key in determining market timing.
These hard won insights into equities, currencies and commodities have been exclusively available to my private investors and attentive friends.
As of Friday October 12th, 2007, I am alerting everyone on my address list, of a MARKET TOP.
Since the probability is extremely high (>85%) that my technical system is right, while my macro and fundamental studies are flashing an overbought and irrational market, I feel compelled to tell you of an impending reversal in the stock market.
While most of my recognition came from buying gold back in 1999 or Corn and wheat in 2006, some of you may recall my dire warnings of the Nasdaq top shortly before March of 2000, and my bearish Real Estate forecast in the summer of 2005, and what followed.
My system had a sell on the Nasdaq on March 24th, 2000 and on the SP 500 cash on September 1st, 2000.
As of Friday, both the SP 500 cash and the Dow Jones Industrial index are showing historically similar SELL signals.
What this means to you is, you should get out of the stock market entirely, NOW.
Unless you buy enough puts to cover the entire value of your portfolio – and that costs money – you will not be safe. Do not take into consideration the capital gains tax you might incur, and don’t get fooled by the FED’s latest intervention, just get out and preserve your capital.
My advice is free - consider it as a generous gift… (Though potentially priceless, this is worthless if not acted on).
You might not remember me, or me you, but your email was in my address book, that makes you the beneficiary of my alert.
However, please do not call me for explanation, even though my retirement is scheduled soon, my time and attention is still fully committed to managing my fund and partnerships.
With the hope this will save you money and anguish,
Sincerely,
Fund Manager
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REMARK: This alert was exactly at the top and the markets around the world fell by 50%.
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