Daniel Strachman
February 04, 2017
Investment Management Expert, Author, Independent Director

It Is All About The Numbers

 No  political commentary this week. I think that we all agree that the  mainstream media have the new administration covered and are providing  enough news and commentary. I will say one thing, though: Whether you  agree or disagree with President Trump's actions, the one thing we can  all agree on is that he is the first politician in memory who started to  fulfill his campaign promises right out of the box, except, of course,  for Christine Todd Whitman, the former governor of New Jersey. She  campaigned on a promise to name a rest stop on the New Jersey Turnpike  after Howard Stern and did so. That was in January of 1995.  


Anyway,  I spent the better part of this week in Miami at three very distinct  conferences, one focused on content while matching investors with  managers, another focused on emerging managers and the third focused  solely on matching investors with managers. All three brought something  unique to the table while using a very similar delivery method.  The  common theme among them was that managers continue to search for assets  while investors are weary about managers’ ability to deliver alpha.  Investors are focused on performance and don't seem to care much about  anything else and are willing to turn over every rock in sight to find  it. 


Thousands of people decamped to Miami attending manager/investor  one- on-one sessions all focused on one thing: The allocation of  capital.  While  the popular press would have you believe that fees are the only thing  investors care about when looking at hedge funds, in my completely  unscientific poll of approximately 35 investors, hardly anyone mentioned  fees: They want performance. Investors are looking for managers who can  deliver returns through strategies that they can easily understand and,  quite simply, are willing to pay for it. Fees seem to matter only to  those who cannot charge them.


Operations for Alternatives arrives in Miami February 27 and if you haven’t registered, it’s time to do so. There are a few spots left and I would hate for you to miss it. Click here to learn more and to register.


THINGS THAT DRIVE ME CRAZY I  am sick and tired of being asked to donate a dollar every time I check  out of a grocery store. I’m not sure if this happens all over the States  but it is quite prevalent at the Publix near where I live. It seems  that every week there is a new charity that they are raising money for. I  understand it is for a good cause -- it really bugs me. I think it is  intrusion and shameful. Giving to charity is a personal thing and not  something to do in the supermarket check-out line.


Contact Dan at daniels@apexfunds.us


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