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Ark Academies, Ron Beller and Subprime Mortgages
Caz | 29.06.2009 03:50 | Education | Globalisation | South Coast | World
View and post
events Ron Beller, trustee of Ark Academies, finds it appropriate to make a fortune from the subprime mortgage
disaster, and act as a 'philanthropic' trustee for Ark Academies, at the same time.
Upcoming Events
UK
21st May,
Sheffield: Sheffield ARK, Ron Beller, and subprime mortgages
Anarchist Bookfair
2011 Schillings law firm state that:
4th - 6th June, Co.
Mayo: Party Against 'The EIM Group has absolutely nothing to do with subprime mortgages and never has done. Further, Arpad Busson,
the Pipe Festival the Chairman of EIM Group also has nothing to do with, and never has had anything to do with, subprime mortgages.
28th July - 1st The Posting links to a pdf document prepared by EIM concerning subprime mortgages. The document is an
August, UK: Peace information only document which would be clear from any detailed consideration of its contents.'
News Summer
Camp
5th - 8th August, So, EIM Group produces a lengthy 'information only' document about subprime mortgages.
UK: AR-UK
Gathering
10th - 15th August, Schillings' letter caused a forum outage on the 911Truth website on 17th December:
UK: EF! Summer
 http://www.911forum.org.uk/board/viewtopic.php?p=129255&sid=6fae88b1ea1705d20706cf93b8ae8b09
Gathering
13th - 16th Due to a threatening legal letter from Schillings lawyers dated 16th December 2008 the site was suspended by
September, UK: Simon at United Hosting. Schillings were acting for Arpad Busson, EIM Group and ARK schools and complaining
DSEi (Defence & about allegations entitled ARK, EIM and Subprime Mortgages. now hidden
Systems Equipment
International)
Ongoing UK Ron Beller, trustee of 'Ark Academies', most certainly has been heavily involved in subprime mortgages, from which
Parliament Sq he made money 'hand over fist' via his hedge-fund Peloton. The supposed collapsed of Peloton is documented
Protest: see topic here:
page
Ongoing Global  http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3465296.ece
Rossport, Ireland:
see topic page The collapsed Peloton fund invested entirely in mortgage-backed securities, bonds created by pooling together
Iraq Occupation: home loans taken out all over the world. Peloton’s strategy was considered a relatively safe one. It would buy only the
Electronic Iraq highest quality, AAA-rated mortgage bonds, where there was little chance of the customer falling behind with
payments. At the same time, Beller and his team were making bets that the poorest-quality sub-prime mortgages
Israel-Palestine:
would fall in value by short-selling the securities. The $2 billion or so of equity in the fund was constantly leveraged
Israel Indymedia |
four or five times over, giving the fund a portfolio of assets worth some $9 billion. The high-quality mortgages in
Palestine Indymedia
Peloton’s portfolio were used as collateral to back the leveraged positions. It was its bets on the falling value of sub-
Oaxaca: Chiapas
prime mortgages that led to huge profits last year. Until early last month Beller was sitting pretty in his chic London
Indymedia
office. In January the firm celebrated its third anniversary. During this time its flagship Peloton Partners fund returned
Climate Change:
an annualised 27%. And the partners were prepared to keep betting the ranch on their own success.
Climate Indymedia

According to the following, from 'business.timesonline' in March 2008:


United Kollectives

All Regions 'Peloton Partners, the London-based hedge fund, is liquidating its two funds and shutting up shop.'
Birmingham  http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3492287.ece
Cambridge
Liverpool And again:
Oxford
Sheffield  http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3465233.ece

http://www.indymedia.org.uk/en/2009/06/433386.html Page 1 / 7
South Coast
World 'FEARS of a hedge-fund meltdown are rippling through the City, with dozens more funds said to be close to
following Peloton into collapse.
Other Local IMCs
Bristol/South West
Peloton began to liquidate its $9 billion (£4.5 billion) credit portfolio on Friday after coming under pressure from its
London bankers.'
Northern England
Nottingham
Scotland Strangely, though, Peloton Partners is clearly still in business a year later, and has aquired another office, in the US:

 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25694969

Peloton Partners, LLP is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled
Projects
investment vehicles. It manages hedge funds for its clients. The firm invests in the public equity, fixed income,
Indymedia commodity, and hedging markets across the globe. Peloton Partners was founded in June 2005 and is based in
Projects London, United Kingdom.

Peloton Partners' website here:  http://www.pelotonpartners.com/

Further to Ron Beller having accumulated vast amounts of money from subprime mortgages, we have EIM rubbing
shoulders with Beller at his hedge-fund Peloton:

Other Media  http://www.technologyinvestor.com/login/2004/May12-08.php


Projects
Throughout its first full year, Peloton's flagship Multistrategy Fund struggled with meager returns. Some investors,
such as EIM, left. But in late 2006, Mr. Beller expanded on a promising strategy: Bet heavily against the U.S. housing
market. That became the focus of the Peloton ABS Fund, which he launched with about $500 million of investor
money from the Multistrategy Fund.

The timing was good. By July, the ABS fund was up 34.45% as subprime borrowers began defaulting. At the same
time, Mr. Beller was making a counter bet: That highly rated mortgage securities, which were trading at only 90 to 95
cents on the dollar amid the market turmoil, would ultimately pay off in full even amid heavy borrower defaults.

Some investors weren't happy with the shift into mortgage securities. Several withdrew money, including Key Asset
Management and Goldman's asset-management arm. In August, Goldman's prime-brokerage unit sharply increased
the amount of collateral Peloton had to put up for short-term loans.

The move infuriated Mr. Beller, according to people familiar with the situation.
Topics
Jaw-Dropping Gains
All Topics
Analysis He berated some investors who decamped, questioning why they would forgo Peloton's gains, which by November
Animal Liberation 2007 had reached a stunning 87.6%, largely on the bearish housing bet. In late January, Peloton won two awards at
Anti-militarism a black-tie ceremony hosted by trade publication EuroHedge. Some attendees gasped when Peloton's returns were
Anti-racism announced.
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