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.

Comments (9)

Jun 8, 2013 - 10:50am
pitbul13, what's your opinion? Comment below:

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.

Jun 8, 2013 - 10:57am
LAWM, what's your opinion? Comment below:

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.

Jun 8, 2013 - 11:22am
[email protected], what's your opinion? Comment below:

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.

Jun 8, 2013 - 11:42am
hopefulbanker99, what's your opinion? Comment below:

He definitely did his own due diligence on the your ideas, no way he went in blind. You're an intern, no matter which way the investments go you presented analysis with which he agreed. It can only be good.

Jun 10, 2013 - 5:30am
Antipodean, what's your opinion? Comment below:

This is better than you doing a bunch of analysis, and he ignores it, no?

Jun 12, 2013 - 7:07pm
dootfruit, what's your opinion? Comment below:

Yeah it implies he agreed with your decision. If he does nothing/doesn't act on it then it implies you were wrong. Just relax, and make sure to put this on your resume. Nice work

Jun 12, 2013 - 11:02pm
John Daggett, what's your opinion? Comment below:

Your seriously lucky to be in that situation. You can put your experience on your resume. On one hand, very few people outside of AM will even ask how they preformed. On the other hand, if they preform well you get to brag, only when asked, to PMs.

Jun 28, 2013 - 9:03am
Mikethetike, what's your opinion? Comment below:

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