Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (61814)	7/12/2008 2:20:58 PM
From: Dale Baker	Respond to of 118717

That's why unlike most fund managers, I depend on absolute returns for most of my client income. I see these guys running $5 billion badly and going home with millions in salary and bonuses and it makes me want to puke. And the majority of them WON'T beat the indexes every year.

To: Rarebird who wrote (61814)	7/12/2008 2:25:48 PM
From: Real Man	Read Replies (1) \| Respond to of 118717

This seems to be a reasonable performance metric for an equity fund manager. Of course, if you DO manage to turn a profit in a brutal bear market while running a long fund, that would be outstanding, but it's very hard. Most pros have to follow what's written in their fund prospectus, otherwise they may and will get sued for losses. So, I agree with Dale here. Hedge funds performance, too, is varied by category and compared to peers. It's another reasonable way. It's not your fault that if your prospectus says you invest in, say, China, and China fell, then you lost some money. Thus, even spoos may not be a reasonable metric. Your category of funds would be.