This investment manager decided to avoid Nvidia and is now defending his decision after the returns of his global fund lagged its benchmark in the first half of the year. Read what he has to say: https://on.ft.com/4cAa7ou
Yet another "shocking" story from FT - Every investment fund has a predefined mandate, including the returns and volatility targets - that is the reason why investors put the money in there. Investment managers need to stick to whatever is written down in the contract, else they would not be able to charge the management fee to the fund It well could be that Nvidia at the time of writing of the semi-annual letter did not match the mandate (i.e. volatility was too high, or would put too much concentrated risk), there was nothing else they could really do
Semiconductor competition is heating up and it's quite hard to choose. Right now I like SOXX (iShares Semiconductor ETF).
The image headline and question is applicable for the vast majority of active global equities managers. Happy to share some intelligence and perhaps a discussion, if of relevance.
😂😂, he is a joker!!
I smell a short positions lol 🤷♂️
It's like the guy who liquidated his Berkshire class B shares in 2000 decades before his retirement age
I think Terry knows what and why he is doing.
Deputy CEO, Managing Director, Finance Director (CFO), Board Member
1wWell Decca rejected The Beatles #noregrets there!