How I Killed a Hedge Fund

Lot of good ideas in here
I spend way too much time on this site!

Randomly came across this paper on SSRN (which is usually hardcore academic papers) and I just had to read it. Great title and interesting story on placement agents and pension fund asset raising:

Joe Rosenfield – Value Investor

Damn it feels good to be a gangster.
Damn it feels good to be a gangster.

Interesting article. I think being a value investor with holding period of forever is the best damn job in the world. Unfortunately, there isn’t a lot of places where the capital is stable enough (like an endowment) to practice it fully. Especially in this day and age, institutional imperative and all.

Click to access 6.00JoeRosenfield2.pdf