<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Kevin Flanagan</b> <span dir="ltr"><<a href="mailto:kev.flanagan@gmail.com">kev.flanagan@gmail.com</a>></span><br>Date: Mon, Aug 24, 2015 at 4:36 PM<br>Subject: Fwd: Financial Report August 2015<br>To: Michel Bauwen <<a href="mailto:michelsub2004@gmail.com">michelsub2004@gmail.com</a>><br><br><br><div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Robin Hood Cooperative</b> <span dir="ltr"><<a href="mailto:contact@robinhoodcoop.org" target="_blank">contact@robinhoodcoop.org</a>></span><br>Date: 23 August 2015 at 01:29<br>Subject: Financial Report August 2015<br>To: <a href="mailto:kev.flanagan@gmail.com" target="_blank">kev.flanagan@gmail.com</a><br><br><br><u></u>
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<div style="color:#363636;font-family:Arial;font-size:14px;line-height:150%;text-align:left"><h3 style="text-align:left;color:#363636;display:block;font-family:Arial;font-size:26px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0"><font color="#42a7e0" face="arial, verdana, sans-serif"><span style="font-size:20px;line-height:20.8px">Financial Report August 2015</span></font><br>
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<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="background-color:transparent;color:rgb(0,0,0);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">Dear Robin Hood Member, </span></span><br>
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<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(0,0,0);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">You may have noticed that within the last two weeks our portfolio has decreased in value 13% (from </span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">$756,594.56 to $656,272.62). The markets are very nervous as we have not seen this type of down movements for many years.<br>
This is what our algorithm has been telling us to do:</span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">About a month ago our algorithm started having difficulties in finding new good investment opportunities. We interpreted it as a sign to get out of some of our riskier positions, and bought more of the less volatile stocks, such as Microsoft. Our risk metrics from the beginning of the year are: Sharpe ratio 0.70, Sortino ratio 4.44, and Calmar ratio 1.42.</span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">There has also been some short hedge fund attacks and one of our positions, <a href="https://anfi.com/" target="_blank">https://anfi.com/</a>, became a victim of that. Anfi is not a US company, and it has been a bit slow defending itself. The media has further complicated the situation with headlines talking about fraud. </span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">In general, we are holding on and waiting for a bounce back of the markets. That is what the best actors on the market are now doing. In addition, they are taking advantage of the situation and loading more stocks to their positions. They are especially interested in the US market companies. Our algorithm is telling us to follow. The best companies, which the algorithm has picked earlier are still the most prospective stocks, and in the algorithm’s interpretation the best place for our money. Sooner or later the market will put the right valuation on them. </span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">The algorithm has tested well in historical situations like this. Now is the time to keep our cool. The next month’s investment series could easily become our best performing series when the markets bounce back. </span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">If you have any questions, please do not hesitate to write to us <a href="mailto:contact@robinhoodocoop.org" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">contact@robinhoodocoop.org</a>.</span></span></p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">Best regards, </span></span><br>
</p>
<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span><span style="color:rgb(34,34,34);font-size:14.6667px;vertical-align:baseline;white-space:pre-wrap">The Robin Hood team</span></span></p>
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<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="line-height:19.32px">Be proud of being part of such movement. Being a member of our cooperative is a significant political stand and way to increase your financial autonomy. </span><br>
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<p dir="ltr" style="margin-top:0pt;margin-bottom:0pt"><b style="color:rgb(66,167,224);font-family:arial,verdana,sans-serif;font-size:18px;font-weight:bold;line-height:20.7999992370605px">GET INVOLVED </b></p>
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<p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><b style="line-height:19.3199996948242px">How to Became a Member?</b><br style="line-height:19.3199996948242px">
<a href="http://robinhoodcoop.us5.list-manage.com/track/click?u=26ad249c931b759df41f6ebb8&id=1b4809bdb8&e=8d4035c6ef" style="line-height:19.3199996948242px;color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">Join now</a><span style="line-height:19.3199996948242px"> on our website or click the button on the right side of this letter. Register and book your first shares. After confirming your email address, you will get instructions for payment. </span></p>
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<b style="line-height:19.3199996948242px">Get On Board and Participate:</b><br>
If you have any questions, ideas or proposals feel free to contact us. <br>
<br>
<a href="mailto:contact@robinhoodcoop.org" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">contact@robinhoodcoop.org</a><br>
<a href="mailto:projects@robinhoodcoop.org" style="line-height:19.3199996948242px;color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">projects@robinhoodcoop.org</a><br>
<a href="mailto:help@robinhoodcoop.org" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">help@robinhoodcoop.org</a><br>
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<h3 style="line-height:26px;color:#363636;display:block;font-family:Arial;font-size:26px;font-weight:bold;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left"><span style="font-size:18px"><span style="color:rgb(66,167,224);font-family:arial,verdana,sans-serif;line-height:20.7999992370605px">SPREAD THE WORD!</span></span></h3>
<span style="line-height:19.32px">Please, help us continue</span><span style="line-height:19.32px"> by spreading the word!</span><br>
<span style="line-height:19.3199996948242px">Below is an example of tweet/facebook update that you can use, or, better yet, write your own!</span><br style="line-height:19.3199996948242px">
<br style="line-height:19.3199996948242px">
<span style="line-height:19.3199996948242px">Robin Hood Cooperative is the wild side of finance! </span><br style="line-height:19.3199996948242px">
<span style="line-height:19.3199996948242px"><a href="http://www.robinhoodcoop.org/" target="_blank">www.robinhoodcoop.org/</a> #RHMAM #RHcooperative #commons #newEquity @RobinHoodMAM </span>
<div style="color:#363636;font-family:Arial;font-size:14px;line-height:150%;text-align:left">
<p dir="ltr" style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:18px"><b style="line-height:1.38"><a href="http://robinhoodcoop.us5.list-manage.com/track/click?u=26ad249c931b759df41f6ebb8&id=44a9ee8ace&e=8d4035c6ef" style="line-height:1.38;color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank"></span><span style="font-size:14px">ROBIN HOOD ON KEISER REPORT</a></b></span><br>
<br>
<span style="line-height:1.38">Also good to spread! One of our software engineers, Daniel Hassan, was interviewed by Max Keiser at his program Keiser Report. Find the video </span><a href="http://robinhoodcoop.us5.list-manage1.com/track/click?u=26ad249c931b759df41f6ebb8&id=d5a6af9a4e&e=8d4035c6ef" style="line-height:1.38;color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">HERE</a><span style="line-height:1.38"> . </span></p>
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<a href="http://robinhoodcoop.us5.list-manage1.com/track/click?u=26ad249c931b759df41f6ebb8&id=85d383ab40&e=8d4035c6ef" target="_blank"><img src="https://gallery.mailchimp.com/26ad249c931b759df41f6ebb8/images/aboutus_01_aa11997c123a9891efca1f553603f7ce.png" alt="Become a member" style="border-style:none;margin:0;padding:0;max-width:160px;border:0;min-height:auto;line-height:100%;outline:none;text-decoration:none;display:inline" border="0"></a>
<div style="color:#363636;font-family:Arial;font-size:12px;line-height:150%;text-align:left"><h4 style="color:#202020;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left">About us<br>
<span style="color:rgb(0,0,0);font-family:helvetica,verdana,arial sans-serif;font-size:12.7272720336914px;line-height:15.9943180084229px">Your own investment cooperative! <br>
Protecting, renewing and expanding the commons</span></h4>
<p><span>Robin Hood is a counter investment cooperative of the precariat,</span> an activist hedge fund, which bends powers of finance to the production of the common and creation of new economic space. Logging into the brains of the bankers at Wall Street and sharing their means of production with those who don’t normally have access to capital. We do democratisation of finance. </p>
<p><a href="http://robinhoodcoop.us5.list-manage.com/track/click?u=26ad249c931b759df41f6ebb8&id=c843973739&e=8d4035c6ef" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">more</a></p>
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shares now</a></h4>
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<div style="color:#363636;font-family:Arial;font-size:12px;line-height:150%;text-align:left"><h4 style="color:#363636;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left"><a href="http://robinhoodcoop.us5.list-manage1.com/track/click?u=26ad249c931b759df41f6ebb8&id=c39ae0b537&e=8d4035c6ef" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank">Latest News</a></h4>
<a href="http://robinhoodcoop.us5.list-manage.com/track/click?u=26ad249c931b759df41f6ebb8&id=ed4aebe418&e=8d4035c6ef" style="color:#42a7e0;font-weight:normal;text-decoration:underline" target="_blank"></b><b>Click to read our last newsletter </a><br>
From July 2015 </div>
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<img src="https://gallery.mailchimp.com/26ad249c931b759df41f6ebb8/images/2c1f6c39-3fbc-491a-9be9-6f1e9390cc26.jpg" alt="" style="border-style:none;margin:0;padding:0;max-width:160px;border:0;min-height:auto;line-height:100%;outline:none;text-decoration:none;display:inline" border="0" width="160">
<div style="color:#363636;font-family:Arial;font-size:14px;line-height:150%;text-align:left"><h4 style="color:#202020;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left">Number of Members:</h4>
<span style="font-size:14px"><span style="color:rgb(105,105,105)"> <span style="line-height:20px"><b>646</b></span></span></span></div>
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<img src="https://gallery.mailchimp.com/26ad249c931b759df41f6ebb8/images/2cc5688f-f729-4529-86c6-c1bac059bd4f.jpg" alt="" style="margin:0;padding:0;max-width:160px;border:0;min-height:auto;line-height:100%;outline:none;text-decoration:none;display:inline" border="0" width="160">
<div style="color:#363636;font-family:Arial;font-size:14px;line-height:150%;text-align:left"><h4 style="color:#202020;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left">Assets Under Management:</h4>
<h4 style="color:#363636;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left"><span style="color:rgb(105,105,105);font-size:14px;line-height:22px">616,678.00</span><span style="color:rgb(105,105,105);font-size:14px">€</span></h4>
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<img src="https://gallery.mailchimp.com/26ad249c931b759df41f6ebb8/images/8ca145ca-31a5-47dd-a869-48bc04dfca39.jpg" alt="" style="border-style:none;margin:0;padding:0;max-width:160px;border:0;min-height:auto;line-height:100%;outline:none;text-decoration:none;display:inline" border="0" width="160">
<div style="color:#363636;font-family:Arial;font-size:14px;line-height:150%;text-align:left"><h4 style="color:#202020;display:block;font-family:Arial;font-size:22px;font-weight:bold;line-height:100%;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left">Balance: </h4>
<h4 style="line-height:22px;color:#363636;display:block;font-family:Arial;font-size:22px;font-weight:bold;margin-top:0;margin-right:0;margin-bottom:10px;margin-left:0;text-align:left"><span style="color:rgb(105,105,105);font-size:14px">577,643.75€ </span><br>
<span style="color:rgb(105,105,105);font-size:14px">(-6,33%)</span><br>
<span style="color:rgb(105,105,105);font-size:14px">21st August 2015</span></h4>
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<div style="color:#363636;font-family:Arial;font-size:12px;line-height:125%;text-align:left"><i>Copyright © *|2013|* *|LIST:Robin Hood Minor Asset Management|*, All rights reserved.</i><br>
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</div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Check out the Commons Transition Plan here at: <a href="http://commonstransition.org" target="_blank">http://commonstransition.org</a> </div><div><br></div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a> - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br><br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br></div></div></div></div>
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