Sorting out losses in Nadel funds complex
Friday, January 23, 2009 : PermalinkSarasota Herald-Tribune – When he first invested $100,000 in Arthur G. Nadel’s Viking Fund, David Walters was elated with a 7.77 percent return in just the first three months.
After the Sarasota-based fund delivered a 22 percent profit in 2004, Walters pumped in another $200,000 and watched the hedge fund soar — more than 20 percent in 2005, 14.07 percent in 2006 and 15.17 percent in 2007.
Tags: arthur, david walters, first-three-months, nadel, sarasota herald tribune, viking
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