Thread regarding Mutual of America Life layoffs

Just Tge Facts

Cromwell Long Short is the hedge fund MoA announced with some fanfare but has barely mentioned since. After raising $100 million in 2024, the fund has lagged its benchmark by about 12.5%. MoA waived fees every year — first 40 bps, then 190 bps—so the numbers are inflated. The firm has now started charging a lower 170 bps fee.

That $100 million was the largest single account MoA has ever won and played a role in Rich becoming CEO. Even so, the client has pulled about $40 million over the two years, roughly a third of the original capital, despite 32% returns since inception. Those redemptions are the real reason the firm has gone quiet on the fund.

Cromwell Long Short is a quant fund or they use 3rd party quant model to get buys and sells. Supposedly MoA shares fees with the model provider. Results kind of speak for themselves.

Hey, Ai. what are the odds? ...fees remain a headwind. Gross expense ratios sit around 2.0–2.3%; the net/capped level is ~1.70% institutional / 1.95% investor after waivers (management fee is 1.40%). That is expensive for a strategy that delivers substantial equity beta.
Assets have stayed around $90–93 million. The earlier $100 million commitment and subsequent redemptions (roughly one-third of capital) signal limited conviction. Small AUM makes it harder to attract new capital or justify the resources.


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| 156 views | | 14 replies (last 22 days ago) | Reply
Post ID: @OP+1m46zty33

14 replies (most recent on top)

This is some of the d-mbest sh@t I have ever seen here. And that says a lot.

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Post ID: @2es+1m46zty33

A golden retriever could have made better decisions than greed.

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Post ID: @2er+1m46zty33

Who liked the CFO? You have got to be kidding.

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Post ID: @2eq+1m46zty33

@1ag conway’s dad was EVP for yrs. Got to imagine his daddy is absoulately beside himself & torn by a company that sued his son. His son was well liked. So was the CFO. Sev-not so much.

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Post ID: @1ej+1m46zty33

@1ag that aug 5 memo from
2025 shocked everyone. Just 2 months earlier rich was praising the CFO when she left. The 2 months later, she gets sued by him. Not sure who is advising him, but his decisions are as bad as greed’s.

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Post ID: @1eh+1m46zty33

@15z hi sev

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Post ID: @1cc+1m46zty33

@15z

https://iapps.courts.state.ny.us/iscroll/index.jsp

https://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=654579/2025

Index number: 654579/2025

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Post ID: @1ag+1m46zty33

sev just sued richy rich.

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Post ID: @15z+1m46zty33

What income stream was cut Einstein?

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Post ID: @119+1m46zty33

None of this is even remotely accurate. You are a mo--n.

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Post ID: @118+1m46zty33

@dr the fanfare was sev’s firing.

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Post ID: @ex+1m46zty33

@dj The original post says it was announced with fanfare.

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Post ID: @dr+1m46zty33

@ay this fund is news to me & i’ve been here 35 yrs. Why did the c-suite keep this a secret & hide this from their own employees ? That’s super crazy.

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Post ID: @dj+1m46zty33

@OP this is one of the best posts on this board in some time. Virtually no one knew this information. There was an announcement about a hedge fund but no one knew the name of this fund. Had no idea we were sub advisors. Had no idea we we were cutting our own income stream rushing to cut fees just to remain sub advisor. It has a Beta of .60. 3 star rated. Fees around 1.8. It tanked in 2023 and 2024. 80th to 90th percentile. You would be better off with 50% in Equity Index at 5 basis points at Vanguard or Fidelity and 50% in 5 yr & 10 yr bonds. That it as great long-short fund at a Beta of .50 & an alpha of 2.00 compared with a alpha of -3.00 with this cr-ppy fund. Why did Rich, JimmGaraffalo, & Meathead Malarki want to keep this a secret. Lack of Transparency. Why hide this. Are the including this in the Surplus numbers ? It is all making sense the move to Axcenture. Save $ to plow into Capital Management. We are butf.u.c.ked.

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Post ID: @ay+1m46zty33

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