Investment Fund PM Underwater
I run a LO fund for my high school's investment club and am down 3-4% over the past month. I would have hedged, but the retarded board will not give me permission for derivatives/margin. There's an upcoming meeting to discuss the future of the fund, any advice for bullshitting my way out of this one?
tell them to look at the SnP and thank you lol
Down 3-4% in an unhedged long-only strategy in a month where the S&P 500 is down >10% is excellent. Nothing to explain, you should be discussing how great the relative performance has been.
Troll
Izzy will be seeding you with $1b any second now, grats and start brainstorm fund names
Awesome, I don't want him poaching my members though...
Congrats man, future certified market timer
Sounds like you need to push half the portfolio into SPXS (Direxion Daily S&P 500 Bear 3X Shares). You're still long, but you're (aggressively) short the market.
I'm vice chair for my university's student-led investment fund. We're currently down about 6% over last couple of weeks. I wouldn't worry at all - if the board knew the market, they wouldn't have a problem with you.
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