CEO & Partner, Parisian Family Office. Began Wall Street career in 1982. Founded investment firm, Native American Advisors, 1995. White Earth Chippewa, Tribal Member. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, TN farm, Pamelot or CASA TULE', their winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.
Tuesday, September 27, 2005
Obviously..........
With so many of the top tier hedge funds opening up to new investors the writing is on the wall. The guys I talk to every day, day in and day out, all are in agreement. Equity returns are poised to slow down. The massive performance fees (20% to 50% of profits in some cases) on billions and billions of dollars are not in the cards so a 2% management fee is better than a stick in the mud. That is not to say the derivatives traders, the futures players, the arb guys, the bond daddy's all will have their day. Just not this year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment