Intern way over my head

So I am an intern at a small mutual fund (about a billion under management). I was researching some high yielding investments and I came across REITs and MLPs.

The PM I work for likes energy (we live in Texas). He also likes construction so he is now buying both MLPs and REITs.

He liked my analysis of the two asset classes. He is now putting a few million into each.

What happens if these two things take a dive as they have pulled back recently. I'm pretty nervous as it was all me that suggested them and I am freaking out that they won't perform well.

 

The PM makes the ultimate choice.. I'm sure he didn't rely solely on your due dilligence. If he did, then he is clearly violating his fiduciary duty towards investors.

If the investments tank, then noone will be happy, but it's the PM's duty to make wise investments.

 

I'm sure you discovered that MLP's and REIT's are very diverse. Some will be better positioned than others in light of rising interest rates (or fear of). As pitbul said, the PM probably has a thesis / time horizon / certain goals. Don't sweat it...you're an intern.

 

I think this can only help you. If the investments lose money he'll think, "what the hell, he's only an intern."

If they make money, he'll think, "Gee, this guy's got some ideas. Let's have him take a look at some more stuff."

And don't worry, I'm sure he's looked closely too (or had another guy check your analysis) before pulling the trigger.

 

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