The Memo by Howard Marks cover image

The Rewind: It Is What It Is

The Memo by Howard Marks

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app