A Translation Guide to Asset Manager-Speak
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Now is a good entry point = Sorry, we are in a drawdown
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We have a high Sharpe ratio = We don’t make much money
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We have never lost money = We have never made money
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We have a great backtest = We are going to lose money after we take your money
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We have a proprietary sourcing approach = We invest in whatever our hedge fund friends do
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We are not in crowded positions = We missed all the best-performing stocks
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We are not correlated = We are underperforming while the market keeps going up
More here – Institutional Investor
