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
Mom: "Wow they did a really good job. I can really see the resemblance."
Me: "Mom, I'm joking."There is hope for humanity because we are such a trusting species. People believed in Bernie Madoff because he was "one of them". Investors, including notable lawyers, gave $1bn to a fat guy in a nickel scam: https://lnkd.in/gRTq7WNZ
This Michelin-star sushi chef decided that customers would not be able to taste the difference between good and bad sushi, and simply patronized a restaurant based on purported pedigree: https://lnkd.in/gu2hctZu
An investor said he was going to put money with a long-only Chinese equities fund because of China's re-opening, and that the fund manager said he "always makes money". I asked if "always" included 2022 because our long-only China A-shares fund beat the benchmark by double digits and was still down in absolute terms. The RMB declined against the USD by almost 10%!
We are good, not God. People should check (aka perform due diligence) on any money manager with seemingly god-like abilities.
https://lnkd.in/gNuM7pw7
#hedgefund #china #duediligence #scam
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