Quote from highlifejoker:
trust me, your clients will contact YOU. In fact, if any of you jokers were real, you would know that clients will be all over you every day about their money once the first negative month is put up.
facts are, you jokers are not hedgees, but rather daytraders trading opm in a fund structure.
real hedgees LOVE this market and are making a killing, phoney baloney BUY AND HOLD types are getting killed.
VOLATILITY RULES! [/QUOTE
I only have two who call when the market is down, and they're like chicken little with "is the sky falling?" If they continue to call with all the worries, I'll probably have to refer them to someone else.
I'm down -60bps ytd. Yes, I'm hedging with puts. I'm also writing covered calls on about 60%. Sure beats being down with the markets at 15-16%.
Most clients don't call when the market is down, and their portfolio following it. They transfer to another firm, and you get the ACAT...
You must have some of the most reactive, un-trusting clients out there. I feel for you. Mine are better trained than that, and trust my judgement based on prior performance, recommendations from their friends/family, etc., and my calling THEM when the market is down. At least half say, "oh well. We know you're watching it." What they're trying to tell me is basically, "you don't have to call us as much, as we trust you."
Why is everyone else in this thread a "joker?"
Money Managers with $10M aum - Need Your Advice
- Thread starter jsyyap
- Start date
Its "par for the course" here.
There are few professionals left after the recent problems with trolls on the site....
I imagine like most things in life, that it will eventually swing the other way, but right now, you have a lot of folks with emotional issues responding to threads.
So I guess the best advice is to be cautious and patient when you post, and don't expect a lot of focused response.
Good luck
Steve
There are few professionals left after the recent problems with trolls on the site....
I imagine like most things in life, that it will eventually swing the other way, but right now, you have a lot of folks with emotional issues responding to threads.
So I guess the best advice is to be cautious and patient when you post, and don't expect a lot of focused response.
Good luck
Steve
Quote from musclemoney:
Quote from highlifejoker:
Why is everyone else in this thread a "joker?"
Down .60 BP and nervous?? LMAO!! No wonder most of your clients are not calling you... you are doing exactly what they paid you to do. just wait for the coming structural changes....
1) Find the right avenues one way or another to go after large clients, individual or institutional.
2) Be very clear upfront about expectations and risk levels.
3) Be very sure that your program will fall within those expectations and risk levels.
4) I wouldn't accept tiny accounts again as that type of client isn't worth the time they will require and suffering they will cause you and they are the most sensitive to the fluctuations in the account.
5) Don't accept money from family and friends. It is not worth it.
Good luck!
The bigger the amount of money, the more it goes to a % of AUM and performance fee, in other words, a traditional hedge fund structure. The less the money, it is almost always in my experience % of profits, with small (50-75K) base draw/"salary" against profits.
Depends on how many middle men there are too.
nitro
ohh GOD is this twisted logic! Please tell me you are testing us!
Salary? LMAO!!!!! YA got it backwards nicetro, the bigger the money the LESS THE FEES. BIG money TELLS you what they want to pay, not the other way around. this is quite the comedy thread!
a "we" and its under 10 million?? LMAO!!!