Experience matters…
Over the last week or so I must admit that I haven’t been paying much attention to the hedge fund world, as I have been singularly focused on my beloved Red Sox. Once again, the Beantowners are the American League champs and are up one game to none in the Fall Classic. As for hedge funds well, there is quite a bit of good stuff going on – fund launches are ticking up and assets continue to flow into the industry. One thing that investors can learn from the recent success of the Red Sox is that when you stick to the fundamentals — i.e, strong management — you can […]
All worked up for nothing…
Over the last year-and-a-half, maybe more, the threat of the enactment of the JOBs Act has had advertising sales folks licking their lips in anticipation of dollars from hedge funds. Well, the law went into effect and guess what? Nothing happened. The billboards in Times Square are still focused on coffee, booze and clothes and the ones outside of both the Holland and Lincoln Tunnels are all about doing AC. So, lots of hubbub, all in ending in a dud. Sure, the there is still time for ads to be bought in time for the Super Bowl, maybe even the World Series — this can only happen if USAA gives […]