Stretching for performance
Whitney Tilson discusses how this year of mediocre returns in both equity and fixed-income markets is making professional money-managers take on extra risk to beat their respective bench-marks. His conclusion: defaults by low-quality companies and suckers left holding the bag with broken momentum stocks.
posted by Slash at 7:13 PM
1 Comments:
This shouldn't be of much surprise. Money managers get paid to beat indices and just like any one else they will do anything to achieve that. Conclusion might be true but making money by following big-money coat tails isn't that bad (if you can get out before they do)
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