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Hi Charles,
I for one would be looking for experience and secondly trading philosophy.
Make sure you see ‘eye to eye’ for the most part. You will want to have a
personal interview. If you want to find the middle ground when evaluating
someone, find a person that knew the manager before, like a roommate or a
previous wife to ask, then you may find the truth in the middle. I know of
one person claiming to be a manager with more then 9 million in management
that seemed to have a very short fuse, I wouldn't want that type of
emotionality in a manager. Other clues, what kind of car do they drive, how
organized are they, what time do they get to work. Have they been
published, have them show you some of their work, in my opinion it takes
time and hands on experimentation to understand the subtleties the markets.
It’s your money so treat them like an employee.
Good hunting,
Brent
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> From: charles meyer <chmeyer@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: GEN: MONEY MANAGERS?
> Date: Friday, June 26, 1998 2:26 PM
>
> It is not uncommon for even very savy traders to diversify and let other
> money managers handle a portion of their portfolios. My position on this
> is that unless a money manager can deliver both consistent and superior
> returns--clients are working for the money manager and not the other way
> around. Stated another way, it's a better deal for them than it is for
the
> clients--and at no risk. I came to this conclusion after a slightly
> negative
> experience with a couple of managers. (Lost very little--didn't make
> money)
> I would be grateful if anyone could share with me who they use? Has any-
> one found a good manager through the use of "Nelson's"? We all know
> the vast majority of track records are mediocre so the search is
> difficult--
> along with insuring they stay on target. Thanks for the favor of and
> replies
> and feedback.
>
> Charles.
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