17 February 2010
ADVICE IS THE KEY.
Jeremy Charlesworth, from Moonraker Fund Management recently encouraged investors “to put their eggs in lots of baskets because not every investment might hatch returns. In addition, diversification among asset classes helps reduce the risk of holding the wrong asset class at any given time”.
Jeremy further added during the investment events hosted by MBMG Group , “markets are very tricky so investors cannot afford to be rigid, investors need to be quick and nimble in jumping in and out of markets “. Wise words indeed, if ever there was a time that expertise and advice to clients is required from top fund managers, this is the time.
Being ready and able to change direction quickly during a year of uncertainty has never been more necessary, further more having experienced advisors and being able to have access to top performing fund managers is vital in these challenging times.
This very much ties in with our main concerns for 2010
1) Beware of Bob (bolts from the Blue)
2) The way to deal with Bob is Jack – i.e. be nimble and be quick in your investments approach
3) Don’t try to do this at home – the added value of expertise has never been greater.
The opportunities created by high quality hedge funds will be an interesting area in 2010. Hedge funds now more than ever seem to be attracting the attention of not only investors but also the television media and financial broadsheets as well. Perhaps it’s the hedge fund mantra of “absolute returns” that is turning heads and making people listen and take note. The original aim of hedge funds was to make money in good times and the bad times. The methods of hedge funds to many remain a mystery. Industry expert Phil Crotty of New Zealand Asset Management (NZAM) will peel back some of the layers of mystery to explain the nature of hedge fund investing and in particular long/short equity hedge funds at a lunch at the Grand Millennium Hotel on February 26th at 12:00, co-hosted by the Australian and New Zealand Chambers of Commerce. Guests will be invited to participate in an open discussion. Let us know if you’d like to receive an invitation to attend as numbers are strictly limited.