poor pete......remember him back at Lehman in 92-93.    i remeber him being real reserved.....had a good operation going for him..... including a couple of jr brokers working for him and a couple cold callers......guy who worked with him named Pat Nolan was a brutal mother,,,,,,,r...........any cold call from him(Pat) was sure to leave the person on the other end of the line  traumatized........ruff and tumble sales,,,,,,the good old days.......no caller id.....no no call lists.....loved it(smile).......sad too see Pete having to start all over after all these years

I knew Pete a long time ago, circa 1989-1990. He was a relentless cold caller. He wasn't know for conversation nor his charisma. He was very monotone and stoic most of the time. He started a hedge fund that earned him success in the 1990s, during this period anything you picked blindfolded went up 100x's so can't say his stock picking prowess really got him there. As they say, "A rising tide raises all boats" but in bad times if you can produce solid returns, your legit. Anyone could have made money during the 1990s, and quite frankly if you weren't in jail or living in a cave, you probably did. I know I did. I took heavy positions and traded daily it was addicting. Pete was at the right place at the right time. Things were good for awhile. However the market began showing signs of falling apart and by 2000-2001, the market soon refused to cooperate and went the other direction. It got way overheated and people started losing money quickly.

Pete's methodology if he had one was to keep buying on the dips because he believed as many times before, his stocks would recover. He was undaunted by the big swings and that's what killed him. Instead of bailing out and cutting losses, he held on. Those lofty gains were painfully erased and swiftly. He was at the helm of his fund with his brother who was inexperienced. By 2001-2004 his fund began a horrible descent into what can only be described as a death spiral. He never changed his strategy and kept buying, never selling. He was paralyzed in these large positions in key stocks. Only to be forced to liquidate at massive losses.

Subsequently, he was sued by his LP's (investors) and then evicted from his fabulous mansion in an awful way. Pete was a good salesman back in the day, but his performance as an investment manager is a bit more difficult to measure since it was during such a bubble.

More of a cautionary tale than anything else. The message? Don't be greedy.

I knew this guy way back at Lehman. He was a a***ole an just a cold caller. He was rude an when things didn't go his way he was a baby.

He's nosey the big loner!!!!!!!!!!!!!!!!

The Pete St.Geme I know seems to be a really caring guy for kids and family, I guess his wish was always to be a stockbroker.  In the stock market everyone lies, cons, and steals.  It really is a guessing game, now you try to lie, con, or steal....it just fun for kids when your young..........After a while you grow up and become an investor trying to make money for your clients, you really study the market and advise your clients the best way you know how, but not everyone can predict the future, a safe and secure product that will always rise with the ecomomy is what I would recomamend to you people, try to be cautious with who you invest with and be a responsible parent to your kids future

He isn't................

He really is.................

He's just trying to include people in that he doesn't know, you try to know everyone

He was very young when he started his business, give him a chance!

He's just trying to help!

he has probably made more money in his life then you ever will

His real name is Pete LePont.

Keep away from Peter, just google him and you can see what harm he has done. As for these comments about him being the smartest and most hansome. You have to ask who would write such sycophantic drivel.

Pete is one of the smartest men I have encountered.

right, the dude's got 2 stanford degrees and an mba from u of cincinnati

i heard stanford has a pretty good kindergarten program though

Peter St. Geme, Legend Merchant Group

This guy was obnoxious and rude; a childish man that never learned any manners in kindergarten.

He is a sales man and not an investor. He has the Midas touch in reverse, give him a dollar and he'll give you a penny back. I would stay well clear. Would you really give your money to a Cold calling sales man?

... I went to look up Pete, stumbled upon this and...these responses are HILARIOUS...men who comment on Pete are negative, and the women are effusive with their praise....So... who's being TRUTHFUL, and which responses are FOR REAL????...a little background on Pete from those of us who've known/worked with him in the past...He's not a bad guy, just VERY aggressive-- not everyone's cup of tea. Yes, he's been in the business for over two decades, started out cold-calling at the regional wirehouses and progressed to owning his own hedge fund by the mid 90's. Apparently did EXTRAORDINARILY well until the internet/tech sector tanked in early 2000. Supposedly held on, until things really went kaput in 2008. In other words, he's been subject to the pangs of a recession like the rest of us...On the plus side: IF he's true to his past, as an invest mgr. he will work hard to make money for you, he'll do his own research and not just regurgitate the latest "flavor of the month"  touted by his firm that will earn him a high commission, BUT the caveat is...IF he has reverted to his roots: "hard work and perseverence will get you results". So, until this remark is knocked off by something more recent, pls note: the fluffy accolades you see above were likely inserted by loyal sales assistants, so if you're serious, accept his prickly demeanor, assess your risk tolerance and proceed with caution .... good luck investors, and good luck Pete--nice to see you're still hanging in there!

The worse sales tactics I have ever seen. Not what I would call a professional by any means !!

CAN YOU SAY SALES CALL and even after telling him no interest in speaking to him he was rude enough to call back and ask why i dont want to speak with him.   Stay far away from this group.