Revisiting Titanium Property Management
I had almost alone forgotten most Titanium Asset Management inwards outer Sydney until Fri when an anonymous individual left this comment on my blog:
And aye - I confess they got the starting fourth dimension combat right. There is a footling combat of sadness here.
But to explicate my sadness you lot require to revisit my postal service on Titanium Asset Management in addition to their fictional returns.
Titanium's website is non at that spot whatever to a greater extent than (and I attribute that partly to my postal service in addition to partly to the related articles inwards the Sydney Morning Herald).
Whatever: you lot tin withal discovery the website at archive.org.
Here is a moving painting of Titanium's returns versus the ASX200.
(The master copy along amongst a long serial of monthly entry in addition to leave of absence prices tin hold out establish at this link...)
These returns were of course of written report fictional (the "fund manager" subsequently said they came from "paper trading" fifty-fifty though the master copy documents described them every bit audited).
When the auditor confirmed to me that he never audited the returns - good that form of clinched it.
As I said Titanium Asset Management's website has disappeared.
Briefly Titanium Asset Management renamed themselves "Wedgetail Asset Management" but that website has also disappeared. The website contact inwards the whois database is Andrew Blanchette*.
One of the fund managers at Titanium has injure upward every bit the "Investment Governance in addition to Reporting Manager" at a reputable fiscal institution.
And Blanchette remains the Chief Executive Officer of a large fiscal planning dealer grouping called - you lot guessed it - Titanium.
Nobody has been criminally charged for marketing a funds administration trouble organisation on faux returns.
So unfortunately I am sad.
Whether my mum is proud of me - that is to a greater extent than or less other question. She ever had a penchant for calling a spade a shovel - in addition to I am proud of her.
J
*An aside. Australians may know why Blanchette is otherwise famous. Short version: he was a beau of a model - Carolyne Byrne. Carolyne Byrne was establish dead at the Gap - a Sydney suicide spot. Her subsequently beau Gordon Wood was convicted of murder. Blanchette publicly defendant Wood of the murder. Wood protested his innocence in addition to defendant Blanchette of the murder. Blanchette was investigated in addition to cleared. Wood's conviction was subsequently overturned every bit a miscarriage of justice. Probable truth - she committed suicide - mayhap induced yesteryear SSRIs - in addition to nobody is guilty of murder. The longer version is to a greater extent than colorful because it involves prominent but straightaway dead members of the Sydney trouble organisation community - alas the longer version is a probably squash of falsehoods too...
Hempton, you lot are i pathetic person. Look at the crap you lot write. Your woman bring upward must hold out ashamed of you.
And aye - I confess they got the starting fourth dimension combat right. There is a footling combat of sadness here.
But to explicate my sadness you lot require to revisit my postal service on Titanium Asset Management in addition to their fictional returns.
Titanium's website is non at that spot whatever to a greater extent than (and I attribute that partly to my postal service in addition to partly to the related articles inwards the Sydney Morning Herald).
Whatever: you lot tin withal discovery the website at archive.org.
Here is a moving painting of Titanium's returns versus the ASX200.
(The master copy along amongst a long serial of monthly entry in addition to leave of absence prices tin hold out establish at this link...)
These returns were of course of written report fictional (the "fund manager" subsequently said they came from "paper trading" fifty-fifty though the master copy documents described them every bit audited).
When the auditor confirmed to me that he never audited the returns - good that form of clinched it.
As I said Titanium Asset Management's website has disappeared.
Briefly Titanium Asset Management renamed themselves "Wedgetail Asset Management" but that website has also disappeared. The website contact inwards the whois database is Andrew Blanchette*.
One of the fund managers at Titanium has injure upward every bit the "Investment Governance in addition to Reporting Manager" at a reputable fiscal institution.
And Blanchette remains the Chief Executive Officer of a large fiscal planning dealer grouping called - you lot guessed it - Titanium.
Nobody has been criminally charged for marketing a funds administration trouble organisation on faux returns.
So unfortunately I am sad.
Whether my mum is proud of me - that is to a greater extent than or less other question. She ever had a penchant for calling a spade a shovel - in addition to I am proud of her.
J
*An aside. Australians may know why Blanchette is otherwise famous. Short version: he was a beau of a model - Carolyne Byrne. Carolyne Byrne was establish dead at the Gap - a Sydney suicide spot. Her subsequently beau Gordon Wood was convicted of murder. Blanchette publicly defendant Wood of the murder. Wood protested his innocence in addition to defendant Blanchette of the murder. Blanchette was investigated in addition to cleared. Wood's conviction was subsequently overturned every bit a miscarriage of justice. Probable truth - she committed suicide - mayhap induced yesteryear SSRIs - in addition to nobody is guilty of murder. The longer version is to a greater extent than colorful because it involves prominent but straightaway dead members of the Sydney trouble organisation community - alas the longer version is a probably squash of falsehoods too...
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