CEO, Parisian Family Office. Began Wall Street 1982. Drexel Burnham Lambert alum. Founded investment firm, Native American Advisors, '95. White Earth Chippewa, raised on reservations. Conservative. NYSE/FINRA arbitrator. Pureblood, clot-shot free. In a world on a social media dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Answer to no one.
Thursday, March 13, 2025
Death of the New America High Income Fund
The New America High Income Bond Fund, (HYB) was a fund whose sole purpose was to continue to supply compensation to all concerned with the fund. Shareholders have been bagged in this name since Patsy Ostrander became part of the "daisy chain" at Drexel Burnham Lambert. From coming public at $50 per share to the 2008 low of $3.20 this fund has to be one of the top, dismal, miserable, unbelievably crappy funds ever to exist. It was run for the sole benefit of the insiders over all those years. What an ugly history of greed and corruption, to say nothing of poor management by whatever clown shop was in charge until it folded last month.
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