Our Research Associate Consistently Underperforms the S&P
Part of a small HNW asset management team. I’ve had this nagging thought in me and would love opinions.
I’m part of a small team with a singular research associate. We are old school, long term, long only stock pickers. Yet, looking at performance, our RA has also consistently underperformed the S&P over the long term.
Our clients tend to be older, hold bonds for downside risk, etc. But the thing is that we even underperformed the S&P during massive down trends (like the recent pandemic, inflation surge).
If he can’t outperform the S&P during the good times (which is tough to do, granted) or protect downside risk during bad times, why tf would clients put money with him/us vs just throwing it into SPY and forgetting about it?
Aren't RAs the most junior role? Why are you talking about him?
I assume OP is confusing the titles…
Eveniet perferendis optio ipsum inventore veniam magnam quis hic. Placeat architecto odit at minima. Et natus asperiores enim nisi atque et facere. Est quo delectus maxime odio et.
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