Montague Gains In Nov., Blames Hedge Funds For Artificial Rallies

Dec 11 2006 | 2:28pm ET

Englewood, Colorado-based Montague Financial’s P100 and P50 programs were up 0.8% and 8.96%, respectively in November, bringing their year-to-date returns to -28.16% and -5.24%.

Montague’s founder Pascal Guessas wrote in his monthly letter to investors that the P50 and P100 programs started the month “really well with a good rate of return the first couple of weeks.” However, both programs “got wiped out the last five days of trading,” which considerably reduced their returns.


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