Earlier this week, hedge funds filed 13-F reports detailing their significant holdings for the period ended December 31. The information from the filings is headline-grabbing, After all, knowing who owned what when is crucial to creating a diversified portfolio. Click here to read the story.
And while I’m sure that getting this information to the public is helping someone somewhere from making a terrible mistake, remember that there is no substitute for good, solid due diligence about how your money is being managed. As a manager, communication is critical to the success of your enterprise.
In short, talking to each other is good; waiting for filings is bad.
The next HEDGEAnswers is just around the corner – March 16th. You can register by clicking on this link. The conversation will be fast and furious. Topics that we will be covering include structures, regulations, taxes, audits, and administration. We will also be talking about marketing and business development. Get in on the discussion. Register today!
THINGS THAT DRIVE ME CRAZY:
I am sick and tired of seeing advertising for pharmaceutical companies. It seems that the only people buying ad time these days are those hocking products to solve erectile dysfunction, restless leg syndrome, high cholesterol, migraines, and even cancer. Last week I wrote about theinformation overload that has been created by the new rules surrounding Wall Street reporting requirements. Well, right now I am on pharmaceutical advertisement overload. Please, someone buy an ad for something else. We need to stop this madness.
Filed under it runs in the family: This morning my wife brought to my attention how frustrating it is when there is small change left on a MetroCard. MetroCards, for those of you not in the big city, are a stored-value way to pay your mass transit fare. Thanks to the randomness of various promotions and fare increases, it seems that riders always end up with a random amount of cents on the card, money that is lost because the MTA has made it easier to buy a new card than to add money to an existing one. It’s a wonder that they can’t solve their budget crisis with all the leftover cents on people’s cards — probably because that would make sense.