The recent news that the SEC is going to be focused on alternative based mutual funds and exchange traded funds is laughable at best. It seems that these so-called hedge fund like or hedge fund replication products have the potential to wreak havoc not only on the market but individual investors according to the powers that be. However, my question is this – isn’t better to have products that can profit when markets rise and fall as opposed to only making money when markets rise? I think every investor regardless of the size of their portfolio would like to be able to make money regardless of the direction of the market. However, the SEC seems to think that products that provide these types of opportunities may destroy capital rather than protect and create it. Something does not seem right to me, but what do I know?
There are two things I do know; one is that OFA-NYC is Tuesday September 16 at 3.30 pm at New York’s famed Harmonie Club. There are still a few seats left. You can register by clicking here. The event is focused on the convergence of the investment management industry. There will be a few hours of discussion and few hours of cocktails. A great way to spend a Tuesday afternoon and early evening. HEDGEAnswers kicks off its ninth season on September 17 at 10 am. This unique conference call series provides insight and information on how to launch, create, develop and grow a hedge fund. Get in on the discussion by registering today by clicking here.
I look forward to seeing you in New York and speaking to on the call.
THINGS THAT DRIVE ME CRAZY:
I realize why people hate the banks. It turns out the banks hate us as well. So the relationship is mutual. Recently, I had a run in with the folks at Wells Fargo. In speaking with the person regarding my problem, I was told, that it was my problem and that I had to deal with it. I should call the merchant inquire about the charge and that they (Wells Fargo) had no responsibility. Well that did not work for me. It should not work for you either. Finally after a couple of minutes and a comment of Ma’am this why people hate the banks, she was able to find a solution to my problem – which by the way was a fraudulent transaction. It is a shame that banks don’t get it. You would think that in light of everything we all have been through that they would realize that not only is the customer always right but that the customers have rights.