Understanding the investment strategy matters
Recently I watched an investment manager presenting his strategy to a group of family office investors. The manager deals in real estate, and so he went through a series of possibilities that the fund was looking at for the next six to eight months. While he was thorough in his description of the investments, he was not so thorough, in my opinion, on his investment strategy. After his presentation, he asked if the audience had any questions. Four people raised their hands. The first three questions were about fees; the fourth about custody of the assets. There were no additional questions. As I was a guest of the firm making […]
Three words for success
It’s clear to me why some people are successful and others aren’t: focus, delegation and engagement. People need to be focused to be able to see the path, or least the way to the path, to success. They also need to be able to delegate responsibility and to know how to relate to colleagues and keep them engaged. I believe that most companies aren’t able to keep employees, partners and colleagues focused and have a very difficult time delegating. It’s especially a problem for many in the hedge fund business – especially those running new funds and those in the break-out stage. New funds don’t want to—or think they can’t […]