The Memo by Howard Marks cover image

The Rewind: It Is What It Is

The Memo by Howard Marks

CHAPTER

Investing in Alternative Investments and Hedge Funds

Investors in these funds feel they'll be happy if they can earn net returns in the very low double digits. I'm not saying alternative investments and hedge funds won't provide the returns clients need, or the people shouldn't invest in them. In april 19 98, i observed that some good performing managers might choose for themselves a bigger portion of their funds superior urns. This is natural and happens in all businesses where the product is in strong demand. But that doesn't mean buyers should ignore it when it occurs.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner