Comments on: The Trouble with Investment Management Consultants http://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Merkelhttp://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/comment-page-1/#comment-19873 David Merkel Fri, 07 Nov 2008 21:01:34 +0000 http://alephblog.com/?p=1088#comment-19873 Steve, Dave, I know why they do it. A bad queen is a huge risk vs. a bad pawn, and in the money management game, you win by hot being in the fourth quartile. My problem is that industries are more fundamental than market cap, value/growth, or country. Steve, Dave, I know why they do it. A bad queen is a huge risk vs. a bad pawn, and in the money management game, you win by hot being in the fourth quartile.

My problem is that industries are more fundamental than market cap, value/growth, or country.

]]> By: DaveinHackensackhttp://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/comment-page-1/#comment-19788 DaveinHackensack Mon, 03 Nov 2008 06:18:48 +0000 http://alephblog.com/?p=1088#comment-19788 Steven Milos, A question that arises when an institution hires more than one money manager is, how can they be sure that they aren't buying the same sorts of investments? If two managers are both 'queens', that's a possibility. The other question, of course, is against what other managers should one manager's track record be judged. Steven Milos,

A question that arises when an institution hires more than one money manager is, how can they be sure that they aren’t buying the same sorts of investments? If two managers are both ‘queens’, that’s a possibility.

The other question, of course, is against what other managers should one manager’s track record be judged.

]]> By: Markhttp://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/comment-page-1/#comment-19740 Mark Sun, 02 Nov 2008 13:23:01 +0000 http://alephblog.com/?p=1088#comment-19740 The "out of the box" managers are realizing right now why their methods are not sustainable in the midst of high volatility. Conventional approaches have lost many people a lot of money in the past six months. The “out of the box” managers are realizing right now why their methods are not sustainable in the midst of high volatility. Conventional approaches have lost many people a lot of money in the past six months.

]]> By: Steven Miloshttp://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/comment-page-1/#comment-19692 Steven Milos Sat, 01 Nov 2008 19:19:55 +0000 http://alephblog.com/?p=1088#comment-19692 David, Would you rather be the Queen in a game of chess, able to move any distance in any direction, or a style constrained pawn? Seems simple enough to me. Steve David,

Would you rather be the Queen in a game of chess, able to move any distance in any direction, or a style constrained pawn?

Seems simple enough to me.

Steve

]]> By: Doug Ransomhttp://alephblog.com/2008/11/01/the-trouble-with-investment-management-consultants/comment-page-1/#comment-19679 Doug Ransom Sat, 01 Nov 2008 12:41:55 +0000 http://alephblog.com/?p=1088#comment-19679 I do believe Russell does some consulting work on managers who are truly global managers and select securities regardless of where the company is HQD. I think this trend may grow. A challenge is that analysts and managers will have to understand the regional investor preferences, tax regimes, and currency issues, where a mid cap $US value manager will have an opportunity to have a comparative advantage through specialization. I do believe Russell does some consulting work on managers who are truly global managers and select securities regardless of where the company is HQD. I think this trend may grow. A challenge is that analysts and managers will have to understand the regional investor preferences, tax regimes, and currency issues, where a mid cap $US value manager will have an opportunity to have a comparative advantage through specialization.

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