We will be hosting our 12th Investment Survival Workshop. Each event highlights different ideas and in these two workshops, we’ll talk about finding the next big thing. Where to look, how to evaluate it, is it for real, and finally does it work?
Come join us at workshops.saxangle.com This Tuesday, July 16th at Noon in our Park City offices and Thursday, July 18th same time same place.
Quote of the day. There is a lot of hedge fund bashing in the media these days now that advertising is about to be legal for the industry. Try this one on from the Reformed Broker
“The bottom line: Not everything in life needs to come down to stats. People have a variety of reasons for being in hedge funds, from the way it makes them feel to the way it differentiates their portfolios – all of them valid on either a financial level or an emotional level or both. That $2 trillion in hedge fund AUM is not going to shrink in the future, it is going to grow. This is because there will always be new superstars with new ways of investing and generating returns. And the best of these managers will frequently opt for the wrapper in which they’re paid the most for their efforts. It’s hard to beat the management-plus-incentive structure.
The best and brightest will always go where the pay is the highest – and investors will usually follow them there, for better or for worse. This will not change in our lifetimes so let’s all settle down.”