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Save you the click - it's the comptroller of NYC who represents a pension fund. Not sure whether he qualifies as an "investor".
by itsdrewmiller 9y ago
Save you the click - it's the comptroller of NYC who represents a pension fund. Not sure whether he qualifies as an "investor".
- nacho2sweet 9y agoI mean I was guessing "What is Carl Icahn up to now?".
- maxxxxx 9y agoWhy would he not qualify as an investor?
- vasco 9y agoNot his money.
- andrewjl 9y agoThat disqualifies every institutional investor from being called an investor
- maxxxxx 9y agoYep.
- abritinthebay 9y agoUnless they are officially speaking on behalf of the fund... yep. It doesn’t appear that this guy was speaking on behalf of the pension fund, just personally, so really he isn’t an investor.
- maxxxxx 9y agoA lot of VCs aren't investors either by that definition.
- andrewjl 9y agoI don't know about that. Institutional investors have a raft of obligations to their clients, including not doing things like intentionally making their investment go down in value. This is a complicated topic, hence why securities law is a thing, but I wouldn't dismiss something an institutional investor says just because they're not speaking officially. It's still their career, investment track record, and client obligations on the line.
- dragonwriter 9y agoThe pension fund obviously counts as an investor, and if he is speaking in his role as a representative of that fund, it is an investor speaking (the fund), whether or not he individually counts as an investor in Facebook (which presumably he doesn't, because conflict of interest codes would probably then prevent him from also being involved with investments in the firm on behalf of the public pension fund.)