Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

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If you are interested in contacting for speaking engagements. Please email me at or call 954 903 0638.

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Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.



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Trustee Giddens Did Not Say a 1.2 Billion Shortfall. But Media Goes Hysterical!

$1.2 Billion now might be old news…Forbes came out with $1.7 Billion missing from client accounts.

Yesterday we smelled something dirty rising out of the spin machine with the Trustee statement to the press that the “shortfall” is larger than previously reported. In true form, hysterical media reported the “apparent shortfall” as a fact and succeeded in increasing the fear and confusion around the case. The APCO World Wide Spin Meister magic worked with our entire culpable press yesterday as we were bombarded with screaming headlines of more missing money.
Yet when reading the statement NO WHERE do we read that more funds are missing. Only that it could be, or is apparent.
Why the dishonest spin?
Trustee Giddens is suddenly under increasing public pressure to release as much of the client assets as possible. And he is resisting not only that, but even customer representation in the courts. Why should the Trustee be concerned about the size of the MF Global estate? And what is his problem with all these pesky customers?
1.) The largest unsecured creditors are JP Morgan and other banks. The larger the estate, the more they will have returned. Motions to the court indicate that Trustee has their interests in mind. After all, JP Morgan is one of the largest clients of the Trustee’s firm, Hughes Howard & Reed. Both the Trustee and JP Morgan are fighting hard to put your assets into the estate of MF Global.
That also explains the Trustee’s moaning that he will wind up empty if he returns MF Global client assets, and that client funds amounts to “virtually all of the assets currently under the Trustee control.” What he is saying by crying poor is indirectly pleading with the court not to allow that to happen!
2.) There are a number of motions to the court on behalf of customers. If customers are given standing in the courts, this risks the ongoing gig to allow a continued theft of customer assets. Why continued theft? If there really was commingling or dipping into client funds, and if the courts allow client funds to go into the estate for creditors, it assures both creditors such as JP Morgan and Bank of America as well as the Trustee, a greater return. In essence the Trustee is attempting to commingle customer accounts with the MF Global estate!
For those interested a parsing of the spin on the claim of anparsing-of-211111-statement.

MF Global Facts

Andrew Abraham
Abraham Investment Management

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