I hate to say I told you so, but I told you so: Things are bad, and they may get worse before they get better. You don\u2019t need to read this blog to learn that jobs are being lost, prices of everything from a carton of milk to a gallon of gas are through the roof and there is no end in sight for the conflict in Iraq and Afghanistan.<\/p>\n
But my advice is the same as it\u2019s always been. If you look back at some of these blog posts over the last year or so, as well as some of the material in our newsletter and my books, I\u2019ve been saying for quite some time that they really need to understand how their money is being managed. Unfortunately, the questions, comments and confusion I\u2019m seeing suggest that no one \u2013 or at least very few \u2013 are heeding this advice. That can only make a bad market look worse.<\/p>\n
Well, let me tell you two things: First, if you are a hedge fund manager or budding hedge fund manager during markets like these, stay in touch with your investors and potential investors. Second, you investors out there \u2014 or potential investors \u2013 need to ask lots of questions, and make sure you get answers to all of them.<\/p>\n
Recently, one of the many financial publications wrote that hedge funds are overrated, the managers are paid too much and that these investment vehicles for the rich should be outlawed. I tried to find that clipping for you, but then realized it was too difficult: All of them had written that story.<\/p>\n
Such articles have littered the press of late, and I expect them to pile up even more in my dustbin. People are confused about what\u2019s going on in the markets and when they are confused they make bad decisions \u2013 knowingly and unknowingly.<\/p>\n
So take what you read with a grain of salt. As long as you have good reasons for handing over the money you\u2019ve given to particular managers, you should have no problems with your portfolio in the long run. Short term bumps and bruises are to be expected. Long-term gains are what should be delivered. In either case, make sure you have conviction and if you don\u2019t act accordingly.<\/p>\n
As for the future of the hedge fund industry, my thoughts are simple: Those funds that have the wherewithal to weather this and other future storms will make it. Survival takes, time, patience, understanding, chutzpah and balls. A little of each will go a long way.Those who don\u2019t have them wither and die. Don\u2019t shed a tear, it\u2019s Darwin\u2019s world and we\u2019re all just living in it.<\/p>\n
On another note, before we know it, the summer will be over and that can mean only one thing \u2013 it is time for HedgeAnswers. To learn more about our exciting events go to www.hedgeanswers.com. Register today, seats are filling up fast!<\/p>","protected":false},"excerpt":{"rendered":"
I hate to say I told you so, but I told you so: Things are bad, and they may get worse before they get better. You don\u2019t need to read this blog to learn that jobs are being lost, prices of everything from a carton of milk to a gallon of gas are through the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-3890","post","type-post","status-publish","format-standard","hentry","category-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/posts\/3890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/comments?post=3890"}],"version-history":[{"count":0,"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/posts\/3890\/revisions"}],"wp:attachment":[{"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/media?parent=3890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/categories?post=3890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aandcadvisors.com\/es\/wp-json\/wp\/v2\/tags?post=3890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}