Robust and thorough due diligence is at the heart of our firm's investment process. Our detailed manager monitoring programme ensures that our clients' investments are subject to on-going and effective governance.
Tuesday, December 16, 2008
Nicola Horlick is a silly silly girl
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The content contained in this blog represents the opinions of Mr. Hempton. You should assume Mr. Hempton and his affiliates have positions in the securities discussed in this blog, and such beneficial ownership can create a conflict of interest regarding the objectivity of this blog. Statements in the blog are not guarantees of future performance and are subject to certain risks, uncertainties and other factors. Certain information in this blog concerning economic trends and performance is based on or derived from information provided by third-party sources. Mr. Hempton does not guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. Such information may change after it is posted and Mr. Hempton is not obligated to, and may not, update it. The commentary in this blog in no way constitutes a solicitation of business, an offer of a security or a solicitation to purchase a security, or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.
5 comments:
Excellent!! Pawned. Hope you send your page to some london dailies.
Hey i thought any PR is good PR. :)
Great post, well done!
It appears they have added back the language, "Robust and thorough due diligence is at the heart of our firm's investment process."
Based on the current turn of events, many financial managers appear to be nothing more than highly paid toll takers. This assessment applies to all types of firms and managers within the industry, from blue chip organizations to "superstars" like Horlick. I would wager that within many of the firms burned by Madoff anyone who dared question Madoff's returns or strategy was fired, demoted, passed over, ridiculed, etc. Here's a link to a post on a financial forum in which a junior member questions Madoff's strategy: http://www.wilmott.com/messageview.cfm?catid=3&threadid=59747&forumid=1
This post is dated March 2008. If a supposedly relatively unsophisticated investor can doubt Madoff's strategy, what excuse do the professionals have for not spotting the fraud? None.
Fantastic post!!!!
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