SISU are NOT an evil hedge fund (3 Viewers)

John_Silletts_Nose · Dec 20, 2013

SISU are NOT an evil hedge fund, particularly in relation to Coventry City, as they are a private equity fund.

“The most significant difference between the two types of firms is in is their underlying business model and how they approach their investments.
Private equity firms tend to invest in private companies that are longer-term, ill-liquid assets with the intent to buy, grow and exit these portfolio companies over a three to seven year period. Over the course of an investment, a private equity firm will address capital structure, management team, strategic growth and fundamental business model issues core to the investment.

In contrast, hedge funds primarily focus on investing in more tradable (and therefore usually more liquid) securities such as equities, bonds, derivatives, futures, commodities, foreign exchange, swaps, etc. As such, hedge funds are likely to hold investments for a much shorter duration, sometimes for merely minutes or seconds with no intent to fundamentally alter the course of direction of a direct investment in a company.”

http://www.privateequityinfo.com/blog/2009/06/private-equity-vs-hedge-funds/
http://en.wikipedia.org/wiki/Private_equity_fund

covhead1 · Dec 20, 2013

thats all well and good but they're still a bunch of twats!

Deleted member 5849 · Dec 20, 2013

SISU's standard has always been 8 year funds, with the ability to extend to ten.

John_Silletts_Nose · Dec 20, 2013

The stated three to seven year time period for ownership fits, I believe that the 3 year plan for the Premiership failed so the seven year plan for Ricoh ownership kicked in. We only have to wait until Decmber 2014 for the seventh anniversary of ownership and SISU investors will be asking more serious questions.

Samo · Dec 20, 2013

Ah thats ok then... I like them now

Deleted member 5849 · Dec 20, 2013

John_Silletts_Nose said:
View attachment 3152

The stated three to seven year time period for ownership fits, I believe that the 3 year plan for the Premiership failed so the seven year plan for Ricoh ownership kicked in. We only have to wait until Decmber 2014 for the seventh anniversary of ownership and SISU investors will be asking more serious questions.

But it's out there in court documents that SISU's standard is eight to ten years.

Oh yeah, you also need someone to dig to ask if it's the same funds now, or a fresh set.

Noggin · Dec 20, 2013

Sisu the evil private equity fund, a turd by any other name still smells as shit

Rusty Trombone · Dec 20, 2013

intent to buy, grow and exit these portfolio companies over a three to seven year period.

So to summarise their work so far on this journey, they have done the 'buy' bit. When does the grow bit start?

mark_ccfc · Dec 20, 2013

"SISU are NOT an evil hedge fund"

No - I think they are the devil itself.

Skyblue4u · Dec 20, 2013

Sisu aren't evil. Their sole aim is to make money. Unfortunately investing in ccfc was a massive mistake for them. As soon as they understand they won't be getting their money back and to sell up now and get back what they can the better.

The losses now are trivial compared to what they will suffer if they persist with thier current thinking.

John_Silletts_Nose · Dec 20, 2013

Deleted member 5849 said:
But it's out there in court documents that SISU's standard is eight to ten years.

Oh yeah, you also need someone to dig to ask if it's the same funds now, or a fresh set.

I would have thought that the University of Pennsylvania is still a major investor.

Jack Griffin · Dec 20, 2013

John_Silletts_Nose said:
I would have thought that the University of Pennsylvania is still a major investor.

Now if Les Reid had got in contact with the trustees of their pension fund... nope that is almost investigative journalism, far too much to hope for!

John_Silletts_Nose · Dec 20, 2013

mark_ccfc said:
"SISU are NOT an evil hedge fund"

No - I think they are the devil itself.

Here is a link to a picture of Cruella De Vil :
http://en.wikipedia.org/wiki/File:Live-movies_cruella.jpg

Would be interesting to compare this to a picture of Joy.

skybluetony176 · Dec 20, 2013

Nick, can you amend the tag in this thread please. the OP seems to have left out the word "JUST"

John_Silletts_Nose · Dec 20, 2013

Jack Griffin said:
Now if Les Reid had got in contact with the trustees of their pension fund... nope that is almost investigative journalism, far too much to hope for!

The list of trustees is quite long but one name stands out (Jon Huntsman) and there are numerous connections with this university, Joy and husband Bill received their MBA's here at the Wharton Business School.

Jack Griffin · Dec 20, 2013

John_Silletts_Nose said:
The list of trustees is quite long but one name stands out (Jon Huntsman) and there are numerous connections with this university, Joy and husband Bill received their MBA's here at the Wharton Business School.

Yeah, I know all that stuff..

wingy · Dec 20, 2013

John_Silletts_Nose said:
The list of trustees is quite long but one name stands out (Jon Huntsman) and there are numerous connections with this university, Joy and husband Bill received their MBA's here at the Wharton Business School.

Yes I believe she holds a position In one of Either John Seniors organisations ,or that of his Congressman son. Seriously loaded ,very profitable company ,defence relatedIIRC.

RPHunt · Dec 20, 2013

RPHunt said:
I don't believe SISU or Seppala are connected with Huntsman any more.

The connection with Huntsman came about when SISU and several other private equity firms provided some of the funds for a management buyout of a company called Admat, a manufacturer of resins and adhesives. A short while later, Huntsman bought out the company and gave the loan holders a minority stake ( less than 10%) in the new company, Huntsman Advanced Materials. As part of the deal, the private equity firms were given a seat on the board to look out for their interests and this position went to Joy Seppala. The Huntsman company bought out this minority stake holding within a year.

The sale of the Huntsman stake in 2006 appears to be the high spot for SISU and flush with the proceeds they moved to new offices, Joy bought her bling house and, sadly, they invested the rest in CCFC.

SkyblueBazza · Dec 20, 2013

John_Silletts_Nose said:
SISU are NOT an evil hedge fund, particularly in relation to Coventry City, as they are a private equity fund.

“The most significant difference between the two types of firms is in is their underlying business model and how they approach their investments.
Private equity firms tend to invest in private companies that are longer-term, ill-liquid assets with the intent to buy, grow and exit these portfolio companies over a three to seven year period. Over the course of an investment, a private equity firm will address capital structure, management team, strategic growth and fundamental business model issues core to the investment.

In contrast, hedge funds primarily focus on investing in more tradable (and therefore usually more liquid) securities such as equities, bonds, derivatives, futures, commodities, foreign exchange, swaps, etc. As such, hedge funds are likely to hold investments for a much shorter duration, sometimes for merely minutes or seconds with no intent to fundamentally alter the course of direction of a direct investment in a company.”

http://www.privateequityinfo.com/blog/2009/06/private-equity-vs-hedge-funds/
http://en.wikipedia.org/wiki/Private_equity_fund

You can dress them up however you want but the majority of fans believe they are evil. What they have done is considered evil, & the way they have & continue to go about things is considered evil too.
They have damaged our club possibly beyond repair.

John_Silletts_Nose · Dec 20, 2013

It's true that the connection is gone, the link here details the sale:
http://www.thefreelibrary.com/Hunts...in+Huntsman+Advanced+Materials...-a0139319754

John_Silletts_Nose · Dec 20, 2013

Jack Griffin said:
Yeah, I know all that stuff..

... and the other family connections to the university MBA school as well?

mark82 · Dec 21, 2013

Are people serious when they call them evil?

savosdad · Dec 21, 2013

well SISU have not done much for CCFC quiet and in the background what do they really want. never recover the outlay they have shelled out think 4 more years at sixfields will finish them off losing 10,000 supporters every home match lot of money lost. Wake up you twats JS no clue Dim Tim waggy maggy who keeps paying you

shmmeee · Dec 21, 2013

Sisu are amoral.

The people working for them are evil pieces of shit.

Sky Blue Kid · Dec 21, 2013

Whilst the "Dumping ground" known as CCFC are still here, I don't see them liquidating us.....for the time being.

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