And now for something completely different
For those of you looking for hedge fund industry commentary this week, I am sorry to report that I have nothing to say on that front. It is true we did have a HEDGEAnswers call this week and it went well. If you would like a link to the podcast, please email and I will send it to you. With that however, I need to write about something unrelated to hedge funds: kids in sports. I have been spending a lot of time on the basketball court and in the stands lately at my son’s baseball games. On the court, I was assistant coach and helped out best I could […]
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 […]