Demand for bad ideas seen growing
Sep 4th, 2007 | Filed under: Today's PostEveryone wants the best. Money managers, for example, strive for operational “best practices”, and create ”best ideas” funds to separate alpha from beta.
But perhaps we can have too much “best”. Last year we told you about a two year old conference with the unfortunate name:
“Second Best Practices for Conducting a Compliance Review” (see posting).
And today, we read media coverage of a new fund with the equally unfortunate (or arguably worse) headline:
“Skandia confirms September launch for third best ideas fund“.
Doesn’t anyone want any really good ideas anymore?
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