Thursday, February 1, 2007
Hedge Fund Addendum
If you want to invest in hedge funds - and David Swensen, the top money manager at Yale, said in his book that normal people don't have the access or resources to do it - find three small funds in areas you want exposure. There ARE lots of good hedge funds out there and good money managers running them. Check them out & give them a try. Be realistic - a short only fund won't beat the S&P in a bull market - that's not why you would invest in it. And don't bet the farm on them - keep it under 10% of your total investable assets until you get confidence & learn more.