IMC founder Schelvis buys a new car
Rene Schelvis just bought a brand new car, quotenet (nl) reports. Together with Rob Defares he has founded IMC back in the old days of the open outcry trading. Schelvis was known for being the cautious one, whereas Defares had more appetite for risk. Schelvis sold his 30% stake in IMC to Wiet Pot in October 2007. With an estimated net worth of 50 million euro he entered the Quote 500 rich list on place 471 in 2009.
Full tax for the Lamborghini
His new Lamborghini Murciélago LP670-4 SuperVeloce is a true supercar with a corresponding price ticket. Schelvis paid €510.736, of which €158.674 of the high Dutch tax. Escaping this car tax is possible by using a foreign license plate – but that would give too much hassle. Fans are excited to see this SuperVeloce cruising through the streets of Amsterdam. A few have even been taken for a tour by Schelvis.
Supersize spoiler, for the sound
There’s just one little thing. To create a better sound, Schelvis had the car tuned with an extra size spoil-er. Fans aren’t very enthusiast about the Reiter tuning. See for yourselves.
De bekende compensatiedrang voor een microscopisch klein piemeltje. In ieder geval bedankt voor het spekken van de fiscus!
doe maar gewoon dan doe je gek genoeg…
he must have a tiny johnson
You can see for yourself. He's on the picture at seconds 41-44.
Wat een jaloers gelul. Verkopen op de high is ook een kunst, let the man enjoy his toy.
Nice car,
Tunings-kit is a bit over the top, but having money without spending doesn't make sense!
@3:56 PM
You are a funny guy. As if you or anyone else could tell the difference between luck and art in selling at the top by being given one lousy data point. It is not the case that he sold several dozen companies at the top which would strongly point into the direction of skill. So you definitely suck as a trader by taking one data point and drawing conclusions. BTW I do not care what this guy does with his money nor whether he hits the next concrete wall with 200 miles per hour.
"So you definitely suck as a trader by taking one data point and drawing conclusions"
So you see this guys one incorrect statement i.e. one lousy data point. You are a funny guy. It is not the case that he made several dozen incorrect stupid statements/decisions which would "possibly" point into the direction of no skill as a trader.
I'll try to avoid judgement on u based upon only one stupid comment : )
LOL! This guy lives behind me. The last few weeks he's actualy been using it to go to work i guess, leaving in the morning and coming back in the evening.
It takes him about 5 minutes to get off his pathway onto the road, probabaly because he can't see shit out of any window. All the time the revving that racing eninge at like 4000 RPM not to stall it. Hilarious!
He earned it fair and square so no envy here. Hope I get to wake the neighbours up like that one day 😉
@ frust 11.08 pm, I never said his selling at the high was his virtue, I don't care if he got lucky or was very smart. He worked hard, sold at the high for whatever reason and is now enjoying his money. Good for him.
I guess you look down at him in your Veyron because you're such a great trader with your scientific n=1 analysis.
0-100 km/h in 3.2 seconds. How's that compared to other supercars? Impressive.
I like it that he buys this car, pays Dutch taxes AND drives this car on a daily basis.
So this is were all the IWB Broker stockdividends from the good times went..For the ammount of this car one can buy 2 IWB`s nowadays…
>For the ammount of this car one can buy 2 IWB`s nowadays
One for the amangers and one for the brokers. Everybody happy
How old is this guy…?? I would buy that car anyday… but then again I am not a trader …
On the subject of wasting money, any truth to the rumours of Liquid dropping an 8 figure amount in BP options trading this year?
That would not surprise me AT ALL.
Liquid put a former VDM trader in charge of their single stocks. And we all know what happened to VDM!
Who????
Who???
Dr. Frank Neumann. A nearly 50 year old trader who singlehandedly almost blew up VDM with his Volkswagen positions (2008). Good call by Liquid.
Can I buy puts on Liquid??
Is Liquid a good place to work? Or should I apply for a job at All Options?
What happened to Frank's group. Did they all go to Liquid with him? (Kevin Flock, Burkin Gillic and Oliver Schaslik.) I did many broker trades with them, they were nice guys.
think the VOW loss was a few million, hardly blow up numbers! RDD & his pals were spending that in a couple of months on expensive apartments & escorts anyway!
"Only a few million" would certainly have been a life-threatening blow to Frank's desk (which lost money again the next year). It's not like they made truckloads. The best option traders within VDM were the guys at Curvalue. There's no discussion about that. Without them VDM would have perished years ago.
Don't believe everything you read here. The VW loss was not my fault. It was due to risk management (Thijs Booij) in Amsterdam asleep at the wheel. Richard kicked him out as a result. I was in full control and kept losses limited to 6 million euros.
Dr. Frank Neumann
Liquid Capital Group
Head of Single Stocks
Thijs Booij? He and Marco Van Der Berg (Aespen) set up Webb-Traders. Can I buy puts on Webb-Traders as well?
http://www.amsterdamtrader.com/2010/01/seven-dwarfs.html
Haha 'Egbert' , how are things at Alphabay these days? Manage to recruit any traders or still got 10 managers there?
Alphabay staff is exceptionally skilled. We personify many qualities: management, trading, risk management, etc. We even clean the toilets ourselves (okay, we couldn't find anyone willing to do the job, but that's not the point). So to answer your question: yes, we have 10 traders. I think you're just jealous.
To cut the cost, i already some staff : who needs a risk manager if you dont have traders and another coloured guy…..oooops shouldn`t have said that…..
geertbert
Dr Frank Neumann arrived that monday morning as usual at 8:55,indication VOW was 500 (up from 220 friday),denial, short 10k delta,he decided to concentrate on DCX first and claimed that he made 8k in the opening, at 10:00 VOW was trading at 700,denial so Dr Mengel. decided to lower the vol from 200 to 120 instead of raising it to 300 to keep his theo. losses below 1 mln…..at 11:00 risk started asking questions about his position….answer : vol curve incorrect…vega divided by long rho multiplied by sigma + beta was ok……at 15:00 VOW trading at 900,he bought his first call back….anyway… he was a great predictor ….VOW now trades at 71, he would have single handed saved VDM from bankruptcy….. never argue with this guy…in 20 years BP will be trading at 600p again….
id say alot of cash got dropped on BP vol, any of those sector dispersion guys with long Shell/Eni/Total vs short BP would have gotten killed…anyway the single stock guys at Liquid havent made anything in years, Eurostoxx was the cash cow there but those guys all left after 2008
Liquid down 12M so far on BP, we crossed some "desperate" puts against them last week. Apparently trading 2 different books, one delta, one vol. They also got f.cked on dividend, as they were trying to roll their deltas the whole of last week. Sounds promissing…
BP is a small dent for Liquid. Maybe you should ask how much they are up on the eurostoxx, the best traders are there.
Why does Liquid keep their single stock desk if it loses money on a yearly basis? What is the bonus deal for those best eurostoxx traders like? Rumour has it that in 2008 it was not even a ridiculous 3% – but I am more than happy to get the facts on the past and present deal.
4:34 wake up… 2008 traders walked away with more in bonus than most companies can ever imagine to make.
its not a rumour but a fact that they have set up their own company
3% is a total insult if that is true…I have never heard of anybody at Liquid being happy with their bonus, sounds like a place with a high turnover of people but I guess their model is to get good guys in and have huge year like 2008 then pay them 3% and use the 97% to invest in new businesses, rinse & repeat
its everywhere likes this, you end up feeling like a used up whore : )
but to be honest, that's inherent in a owner-employee format, owner takes the risk, puts capital, runs the organization and employee 'hopes' to get rewarded for individual efforts ..
what was the name of the shop the Liquid estoxx guys set up?
@ 11:05 AM:
They now work at Alphabay Capital. As you know, the world's best traders are to be found at Alphabay.
June 11, 2010 1:38 PM
Egbert, dat jij 's werelds beste handelaren in je groep had is met name te danken aan de uitstekende selectie-procedure van Akerendam. Het zou je daarom sieren als jij de openstaande rekening van Akerendam bij VDM zou voldoen. Een mooi gebaar, vind je niet?
ha ha…no really.
June 11, 2010 3:38 PM
Yes, I did come in at 8:55 (or "5 minutes" early as I like to think of it) and yes, I started to buy back some calls near the all-time highs in VOW. But you have to understand I was really busy with my computer games!
so what's the name of the shop that those eurostoxx traders set up?
Kunnen we het nu weer over mijn mooie auto hebben??
En meer posts over Alphabay graag!
Principle trading.. new shop from former Liquid team..
finally. there is a saying: straight guys give straight answers.
New Topic??
who is fattoc?
http://www.fd.nl/artikel/16133791/ex-topman-moolen-beschuldigt-opvolgers
liquid rocks.
the source of pure liquidity.
(for other, well-marked counterparties)
VDM smeekt om een topic
about new-topic:
which MM-firms are facing losses 'cause of the dividend-skip by BP??
everyone is dividend short….
its late in the day, so please help me with this .. if everyone is div short, who is div long .. or is it possible to create div short out of thin air ..
as far as i know …..none of the market makers are dividend long…
@June11,3:22 p.m. : ….what do u mean by a "coloured guy" ?
The people who are div long are the natural holders of the stock, mostly pension funds, private investors etc. So it is possible for the majority of professional market participants to be div short against this.
yah, it was a stupid Q and late in the day too !
Dr. Frank Neuman became Head of Single stocks at liquid. One of his colleagues started up a marketmaking desk at Louis Capital. We all know what happened to VDM…
Louis Capital closed the shop already. Liquid is said to be losing 12M in BP, and also huge amounts in Swiss single stocks. Rumours are that PAN is about to take over both of their positions as they traded big time against both of them.
So what are the odds then that Frank and his colleague at Louis Capital lost the money in the Swiss trades against their friends at PAN (Zug) on purpose?
…The Source Of Pure Stupidity
We don’t even trade BP at lcm
You mean IMC instead of ICM?
not imc
ICM i assume is a CFD shop for retail punters .. giving them access to leverage and tax efficient trading .. i cant believe all this financial market gambling is allowed outside of an exchange .. i mean in US, SEC allows all this nonsense gambling only on an exchange ..
* advertising? possible. But not in the comments.
Another Optiver Partner looking to go on his own and make a new Tibra/Eclipse like company ?
sorry guys – i will put this on a more recent thread
who is the largest market maker in korea?
[…] 491. Rene Schelvis (IMC) 56mio +7,7% (2010 nr499). Sold his 30% stake in IMC in 2007 to Wiet Pot. Love his Lamborghini. […]