‘Don’t fall in love’ – why emotional attachment to managers is a bad thing
February 9, 2018 11:18 pm |
‘Don’t fall in love’ – was one of the key messages from panelists on a session called ‘Over 100 years investing in hedge funds – what we can learn for the future?’, held at the 2018 Cayman Alternative Investment Summit, which was chaired by Peter Fletcher, managing director, PHF Capital.
Fletcher started by asking the panelists to share key lessons they had learned over the years. “One thing I have learned is ‘don’t fall in love’ – don’t allow a manager an extended period of poor performance because you believe they will turn it around or it is tough to fire them,” said Joel Katzman, president, Katzman Advisors.