The Tipsheet @yourtipsheet Top of the pile Industrial-scale bullshit This piece on how tough it is to launch a new fund was making the rounds on Twitter. Asset management is a brutal business because a lot of it has become commoditized. The other challenge is that you need scale to survive. Unless you deliberately choose to remain small, it becomes all about gathering assets. Asset managers today do more to gather assets than deliver performance. This isn’t just my biased critique, this is what the insiders in the industry sayI
Industrial scale bullshit and stupidty
Industrial scale bullshit and stupidty
Industrial scale bullshit and stupidty
The Tipsheet @yourtipsheet Top of the pile Industrial-scale bullshit This piece on how tough it is to launch a new fund was making the rounds on Twitter. Asset management is a brutal business because a lot of it has become commoditized. The other challenge is that you need scale to survive. Unless you deliberately choose to remain small, it becomes all about gathering assets. Asset managers today do more to gather assets than deliver performance. This isn’t just my biased critique, this is what the insiders in the industry sayI