Investors in the Waddell & Reed fund are suing Waddell & Reed

[Zaroku]

The words Floyd said about Asians and Pacquiao.

I think Ployd called Filipinos dog eaters too! Manny Poochiao!
But Ployd is just an ignorant fool! Ployd says ****** and inflammatory things. Sells tickets.

[bigdunny1]

So this is the guy, Ryan Caldwell.




Under him "the Ivy Asset Strategy Fund delivered average returns of 10 percent over the past decade — third-best among comparable managers, according to the Wall Street Journal."

But he quit the fund in 2014 to join one of Haymon's companies.

That sounds like a pretty big conflict of interest...you can't trust these slimy banker ****s.

Every scheme needs a inside man. Clearly something shady with this guy such a foolish risky investment then he up and leaves and joins the company he just funneled all the money he was managing to. Haymon robbed these guys blind.

[Pigeons]

Safe to say PBC has been a miserable failure so far. They've wasted $350M and the best fights they've brought us were Thurman-Porter, Thurman/Garcia-Guerrero, Broner-Porter, and LSC-Mares.

Pretty ****ing pathetic.

[mathed]

Well damn........who didn't see this coming?

[bigdunny1]

Well damn........who didn't see this coming?

There are still a few nut jobs here who actually think PBC is doing great despite his own investors suing because they lost millions on PBC. LMAO

[Mr.Fantastic]

To be honest as much as I want to laugh at Haymon/PBC groupies, I really feel bad that boxing is taking a major hit with this. The problem is Haymon overpaying all these dudes for easy fights. They really didn't bring anything new. He should of challenged them for that kind of pay. Another thing is that Haymon's power is fading since Floyd retired. He might need Floyd for that 50th if he does come back.

[mathed]

There are still a few nut jobs here who actually think PBC is doing great despite his own investors suing because they lost millions on PBC. LMAO

spending $400 million or more in a year is a hard pill to swallow. No way they came even close to making half of that back in profits. Year two under way, smh.

[PKing]

Safe to say PBC has been a miserable failure so far. They've wasted $350M and the best fights they've brought us were Thurman-Porter, Thurman/Garcia-Guerrero, Broner-Porter, and LSC-Mares.

Pretty ****ing pathetic.

If they spent $350 million... where did they spend the money?

Exactly... you cannot even come up with some ridiculous expenses to quantify that statement.

[Citizen Koba]

Here comes a bunch of idiots wanting blame this all on PBC the company is huge the money they have lent Haymon is a piss in the ocean for them. Whatever this is about is much bigger than the insignificant (To the companies finances) PBC.

Profit is made at the margins, the 0.05% difference in returns, and investment fims are dependent upon client confidence. Losing a $Billion is a big deal even if you've got a coupla hundred bil in assets. This could cost W&R $Billions if investors choose to put their money elsewhere.

However, if you read the article this has little to do yet with PBC or Haymon, it's the Trustees who should have been overseeing the investment that are in the firing line here. Whether that could lead to subsequent action is unclear - if it did, tho, it wouldn't be Haymon but the ex-W&R employee who handled the investment who would be the responsible party.

All in all the whole thing does actually stink to high heaven, and I say that without prejudice towards PBC and Al despite initial misgivings. However it's come about, $925 million has found it's way from moderate return low-risk investment fund into a high risk business start-up and the guy who arranged it now works for that start-up? That takes some brass balls.

[boxinggod101]

I hope PBC finds a way to make profit. They feeding us boxing on a regular basis, thats all I ask. Not happy with this situation if this is true...