It is all about distribution
The future of the investment management industry is quite bright, according the 200 or so participants at the Operations for Alternatives conference last week in Palm Beach Gardens. Amidst tornado warnings and significant sideways rainfall, investors and managers alike discussed the future of the industry and how new products are being launched and new distribution channels are being created to deliver returns, even amidst significant market volatility. It is clear from the discussions that investors are looking to understand where yield is coming from and what their true exposures are in terms of both individual and portfoliowide positions. Transparency and increased regulation globally seemed to be on the minds of […]
It is the fees, stupid
While I am supposed to be writing about hedge funds and the fact that Operations for Alternatives is next week, I need to focus on something that is really bothering me: The so-called convenience fees and add-on fees that come with making purchases these days.They are just ridiculous. I am sick and tired of the random fees charged for everything from snacks on an airplane to accessing your own money from the ATM. It is just sickening. These companies are nickel-and-diming their customers. It is truly maddening. Companies just don’t get it. They simply just don’t get it. They think that the American public is just a bunch of sheep […]