It is about process as well as performance
The sharks have smelled blood in the water, are circling, and are ready to chomp. Clearly, there’s excitement in newsrooms across the globe over a number of well-known hedge fund managers having once again suffered significant losses in November and that their year-to-date performance is abysmal at best. I won’t take time to name names; you can just plug “hedge fund performance” into Google to see who’s down and by how much for the month and year. And while the poor performance is troubling, I’m also concerned about the process they’ve been using. Understanding the investment process is key. It is important not only to know the managers’ strategy, but […]
Shooting fish in a barrel
Hedge funds are clearly the evil that men and women do that live on and on. It is clear from recent reports in the media, comments from both sets of Presidential candidates, comments from the new Speaker of the House, comments from other members of the House and Senate, and comments even from an old friend from New Jersey who visited this weekend. Hey, I think it’s great. The venom that has been spewed about the global hedge fund industry really tells me one big thing: Hedge fund managers are getting something right. Sure, people attack what they don’t understand, but they especially attack what they can’t even begin to […]