CityWire – One of the ways that I try to give back to a society that has been very good to me and to my family is to volunteer at six non-profits. Often I sit on or chair investment and/or finance committees. In a few of these cases the committees have chosen to use hedge funds and separate accounts as well as mutual funds for their investing. During periods of volatility, often on the down side, there is considerable anxiety until the comprehensive monthly performance report is published.
There is fear that the results will be so poor that the committee will be criticized for not being on top of the portfolio deterioration that might have commanded some selling action. Most of the time one or more of the hedge funds is the last to disclose its performance, which holds up the report.
