Good looks aren't everything, but it might help you attract more assets

Good looks aren't everything, but it might help you attract more assets
In today's <i>Breakfast with Benjmain</i>, looks might help money managers land more assets, but they also tend to underperform. Plus: Darryl Strawberry's contract balance goes to the highest bidder, Florida investment manager charged with bilking $17M from clients, and a hedge fund manager uses proper etiquette after losing his clients' money.
JAN 21, 2015
  • Better-looking money managers attract more clients, but they also tend to underperform. So, there's that. Looks aren't everything
  • The winning bidder in an IRS auction for $2 million worth of annuity payments from a 1985 contract between the NY Mets and Darryl Strawberry is paying $1.3 million for more than 18 years of monthly payments of $8,891.82 each. Bidding at Tuesday's IRS auction started at more than $900,000
  • The SEC has charged a Florida-based investment manager with treating $17M worth of client assets 'as his personal piggy bank.' You're not supposed to do that. Making Ponzi-like payments to investors
  • Hedge fund manager sends letter of apology for losing all but $200,000 of the firm's money. Hey, at least he apologized. My bad

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