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If they don't report performance, how do they gain new investors?
by aantix 7y ago
If they don't report performance, how do they gain new investors?
- itcrowd 7y agoAny number of ways. For example pitching behind closed doors to potential customers. Others don't have customers, they trade with their own money (not just small-time traders, by the way).
- aantix 7y agoEventually, there'd have to be a leaked anonymous source? "Fund beats S&P by 20% for 20 years straight" is a good story?
- deepnotderp 7y agoNot at all, you've probably never heard of tgs management for example, a fund comparable to rentec
- aantix 7y agoYou're correct, I never have. I am not understanding how a fund could remain open/transparent enough to build trust with potential investors. But still maintain secrecy over the years.
- ironyman 7y agoBecause they don't trade outside money - tgs and others like it only trade their founder/employee's money. They also enforce strict NDAs with all their employees and business counterparties (data vendors, prime brokers, etc).
- aqme28 7y agoNot all funds are looking for new investors. Some just grow their own money, and outside investors would limit their agility.