Thursday, June 30, 2016

Say Yes to Education's amazing, quite unbelievable investment performance

http://www.guidestar.org/FinDocuments/2014/223/139/2014-223139858-0bcbd6d9-9.pdf
Line 12 of the first column, total FY 2012 Total Revenue = $19,190,467,
$9,106,701 of which came from Contributions.

If Total Assets ended st $37,312,562 at the end of 2012,
and Investment Income for 2012 was $10,318,728,
and $37,312,562 - $10,318,728 = $26,993,834,
Say Yes to Education made about 38% on investments in 2012, 
without considering when the $9,106,701 of Contributions came in.
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In 2012, "The S&P 500 gained 13.4%, marking the benchmark U.S. index's largest annual return since 2009 and fourth-largest return in the last decade.

The Nasdaq Composite Index was up nearly 16%. That's a vast improvement from a year ago, when the tech-heavy index fell 1.8%."

http://www.nasdaq.com/article/2012-stock-market-performance-by-the-numbers-cm203626#ixzz4D4leqPgq

George Weiss is either a genius investor or he's running a ponzi scheme.

Line 12 of the first column, total FY 2013 Total Revenue = $24,379,770
$7,627,023 of which came from Contributions.

If Total Assets ended st $49,116,492 at the end of 2012,
and Investment Income for 2013 was $16,752,747
and $49,116,492 - $16,752,747 = $32,363,745
Say Yes to Education made about 52% on investments in 2013, 
without considering when the $7,627,023 of Contributions came in.

In 2013; "Tallying its fourth monthly advance, 
and up 29.6 percent for the year, 
the S&P 500 also advanced to an all-time finish

The Nasdaq rose 22.39 points, or 0.5 percent, to 4,176.59, 
a yearly advance of 38.2 percent, and its best year since 2009."


George Weiss, whose Say Yes to Education funds are located down south, beat the markets by more than most for two consecutive years without any fanfare.

Meanwhile, in FY 2014, the Say Yes to Education Foundation;


Line 17 of the first column, total FY 2014 Net Investment Income = $14,556,976

If Total Assets ended st $50,968,043 at the end of 2014,
and Investment Income for 2014 was $14,556,976
and $50,968,043 - $14,556,976 = $36,411,067
George Weiss' Say Yes to Education Foundation made about 40% on investments in 2014, 
without considering when the $3,049,095 Contribution came in.
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From 01/01/2014 Open to 12/31/2014 Close
the S&P 500 Total Annual Return was 14.04%

https://dqydj.com/2014-sp-500-return/

George Weiss outperformed the stock market by about 25%.

The likelihood of George Weiss outperforming by wide margins 
for three straight years without any acknowledgement from the financial press
is mysterious at best, and very problematic at worst

Let's not forget where the money is supposedly located;


Same number
http://www.guidestar.org/FinDocuments/2014/223/139/2014-223139858-0bcbd6d9-9.pdf
Here's George Weiss' public fund;
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=WEISX

"Weiss Multi-Strategy Advisers LLC, formerly George Weiss Associates Inc, is a multi-strategy hedge fund manager that was founded in 1978 by George Weiss. The firm is co-managed by George A. Weiss and Frederick E. Doucette, III...

Weiss Multi-Strategy Advisers LLC originally only employed a utility focused long/short equity, but over the years it has broadened its efforts and now manages more than 10 distinct strategies. The firm deploys capital across a number of strategies that invest in multiple asset classes using either a bottom-up stock selection, macro-based or systematic investment approach. The firm places an emphasis on diversification, preservation of capital, consistency of returns and liquidity. 

How can a fund prioritizing "diversification, preservation of capital,
 consistency of returns and liquidity" outperform like Say Yes' money?

The firm's flagship hedge fund is the Weiss Multi-Strategy Partners LLC fund. 

Beyond serving as the firm's President, George Weiss is well known as the founder of the 'Say Yes to Education program,' which combines academic support and intervention with an offer to pay college tuition or vocational training costs for inner city students. 

Overall, Weiss Multi-Strategy Advisers has more than 125 employees with its investment team based in Manhattan and an additional office in Hartford, CT. In addition to investment management, the firm offers brokerage services to its clients, including banks and insurance companies."

http://www.hedgetracker.com/fund/George-Weiss-Associates

https://hedgefundranks.com/fund/4853
Something is very wrong

 November 2013 to 2014 total return = 13.5%

 5 Year Return = 47.29% / 5 = 9.458%,
which is nowhere near what Say Yes is claiming
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Thursday, June 30, 2016; Say Yes to Education's amazing, quite unbelievable investment performance; This is a George Weiss special

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-educations-amazing-quite.html

Thursday, June 30, 2016; John Hammer on new Guilford County Schools Superintendent Sharon Contreras and Say Yes to Education

http://greensboroperformingarts.blogspot.com/2016/06/john-hammer-on-new-guilford-county.html

Wednesday, June 29, 2016; Please ask Greensboro's City Council, Guilford County's Commissioners and School Board a version of the following questions

http://greensboroperformingarts.blogspot.com/2016/06/please-ask-greensboros-city-council.html

Wednesday, June 29, 2016; New Guilford County Schools Superintendent Sharon Contreras' = Say Yes to Education, Say Yes Guilford and Say Yes Syracuse = Say Yes now owns Guilford County Schools

http://greensboroperformingarts.blogspot.com/2016/06/new-guilford-county-schools.html

Wednesday, June 29, 2016; WEDNESDAY, JULY 29TH 2015; "The Say Yes to Education program has closed its Syracuse office"

http://greensboroperformingarts.blogspot.com/2016/06/wednesday-july-29th-2015-say-yes-to.html

Thursday, June 30, 2016; Say Yes To Education-- The E-mails: Part 1

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-education-e-mails-part-1.html

Friday, July 1, 2016; Say Yes To Education-- The E-mails: Part 2

http://greensboroperformingarts.blogspot.com/2016/07/say-yes-to-education-e-mails-part-2.html
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