Originally Posted by
Smooth at FL450
And that right there is why most good managed funds can't repeat their performance. Too many new customers flood them with assets to manage, forcing them to invest outside of their plan. Rinse and repeat.
Pretty sure the guy I know at Morgan Stanley who usually sets a floor around $3M in assets for new clients, wouldn't bat an eye getting a couple dozen new clients. He's got a DEEP well to tap and nobody here would move the needle. He's got a menu of choices for investors looking to move hundreds of millions around on a whim. Fund selection is important and a good management firm takes care of that for you. Or steals your money... Buyer beware.