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We are launching Friday Only Club!

Oscar de la Renta chose not to show at New York Fashion Week and instead streamed on Amazon. Is Amazon a suitable forum for a luxury brand? CEO Alex Bolen said, "I'm not sure. But we have to experiment with new ways to get our story out." https://lnkd.in/g4rZMxyb We launched our funds when Covid started and with the halt in travel and tough fund raising environment for emerging managers, we focused on performance and experimented with new ways to reach out to allocators, namely Linkedin posts and YouTube videos which can now be binge-watched on  www.quantflix.com . True, some people say that with the positive fund returns last year for both our long-only equity and multi-strategy funds, and the China fund outperforming its benchmark by its annualized double-digit aim, it was expected that we would pass the $100m mark. But when times are bad, most new investment monies went to well-known funds that are much bigger with a marketing budget that we cannot afford. So every lit
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I look even younger now...?

 What's happening with FTX shows that there is a problem when no one reins in the boss, also known as governance. We also saw that with Meta (f.k.a. Facebook) in Zuckerberg's expensive push into avatars which didn't even have legs in the beginning.

Of course, I'm not THAT kind of boss. People tell me the truth, including telling me I look the same as 10, 15 (20 is really pushing it) years ago. Then I lost my phone.

The last time I backed up my photos was before Covid so I only have pictures from 3 years back. I was thinking no one would know the difference if I used old photos in my LinkedIn posts since I'm supposed to have stayed the same for ten years, especially when you've heard the same comment from multiple people. But when I saw my old photo (see attached), I realized that I had fallen for the classic trap of flattery - there is no way I look the same from just three, four years ago, much less a decade.

I tested my "tell-the-boss-the-truth" hypothesis with my new intern and asked if I looked the same as my old self in the photo. He said I look even younger now. Despite being barely in the firm for 5 days, he has been promoted to Chief Intern.

Fortunately, we have multiple senior personnel to balance power in the fund, each with his/her own strengths and perspectives. It would actually be pretty disastrous if I get to do whatever I want to do all the time. None of them are afraid to tell me, "That's a bad idea." In fact, I seem to get that more often than agreements, which is a good thing given I have lots of out-of-the-box ideas.

Back to SBF, perhaps he really thought he was invincible when he could get Sequoia to give him hundreds of millions of dollars while he was playing League. I know I would think I'm Miss Universe if I get millions of dollars of endorsements while dressed in T-shirts and berms. Preferably from coffee and beer companies.

P.S.: Eating durians after exercising totally negates the calories burnt during the workout.

#governance #ftx #hedgefund #leagueoflegends



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We are launching Friday Only Club!

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