Justin Dew
Justin Dew
based due flows following good last okay prior sales year
The flows have slowed significantly. That is due to two things. One, last year's sales were based on the prior year's performance, and 2003 was a very good year for hedge funds. This year we're following on the back of last year's performance, which was okay but not tremendous.
invested manager market percent question sudden
If I were invested with a manager and all of a sudden the market was down 20 percent and my manager was only down 2 percent, I'd question that.
five looks lose pick positions protect shirt short stocks strategy swing top wrong
Five years ago, the strategy was to pick the top 10 stocks you like and swing for the fence. But do it in a way that if you were wrong you didn't lose your shirt (meaning you have short positions to protect you)...that's not what it looks like now.
companies hard number outspoken point predict raise trying
It's hard to predict what the tipping point will be, but when you have a number of influential and outspoken firms (taking a stand), it's going to raise the ire of the companies trying to do the deal.
capital certainly fund large looked managers million open plenty preferred therefore worth yale
There are certainly plenty of opportunities to put $500 million worth of capital in the hedge fund space. I think by and large Yale is looked upon as a preferred investor, and therefore I think a lot of managers would be open to having discussions with them.