Hello and welcome to my blog. This first post will give an overview of who I am, why I'm blogging, and what this blog will be about.
Who am I? I am a 30-year old money manager living in Manhattan. I grew up in New Jersey, attended college in Connecticut, then worked for over fours years at a very well-known multistrategy hedge fund with an over 30-year track record. I left to travel the world, then opened my own investment advisory firm, through which I manage the capital of a few clients. I manage discretionary portfolios for individual investors in a concentrated value equity style. I also advise clients on hedge fund selection, focusing on value and distressed strategies.
Why this Blog? This blog will be an extended job application/solicitation for consulting work. From my modest perch here in New York, I've observed in the past few years a lot of personal wealth creation, not just in finance but in all fields, not just made in America but made all over the world. Much of that wealth is now liquid, and looking to be reinvested outside of whatever enterprise created it. Some of these new pools of liquid capital have been turned into family offices, some have not, but they 're all looking to grow.
Growing these new pools of capital will be a huge challenge. Taxes and inflation are the familiar enemies of personal wealth, and will take their toll even in the best of times. But today's rich person faces even greater threats: due to the explosion of the hedge fund industry, there are now more investment options than ever before. Which means more people are trying more ways to entice you. Which means there are more ways to lose money, to achieve mediocre results, to make someone else rich than ever before. The last six months prove this, the the next are likely to prove it even more.
I've been an investor since I was 11. I worked at a hedge fund for over four years, right out of college. I've met, read about, and listened to hundreds of hedge fund managers, fund of fund managers, and other members of this industry both here and overseas. And a lot of what I've heard is nonsense, especially for individual and family office investors, who for all their wealth and business savvy, may be the most poorly served of any of Wall Street's constituencies.
I believe I can help, and this blog is intended to show you how. I have three goals:
- To explain the principles of investing to the non-expert
- To identify how to find great money managers of individual and family wealth.
- To describe the hedge fund world as I understand it
I love this world and for better or worse have chosen to make my life in it. But it's a much different world than that depicted in the marketing brochures. It can be a dangerous world, and in a dangerous world you could benefit from having a consigliere.
Thank you, and welcome again.