|
|
From Komfie Manalo, Opalesque Asia:
Investors have to make a serious study before trusting any fund managers as even registered investment advisors can defraud any unsuspecting clients. This was the advice given by Jonathan Binder, CIO at Consilium Investment Management, an asset management firm in Fort Lauderdale, during the latest Opalesque Roundtable in Miami.
When asked about Florida’s history of failed and fraudulent managers, Binder replied: “Florida may have had more than its fair share of failures; but there have been a lot failures around the world as well. The problem is there is a sense about how things are done in South Florida that has nothing to do with the location, because there was also fraudulent activity in Boston, Connecticut, New York, Switzerland, and elsewhere.”
He explained that an SEC registration is no assurance that an investment advisor would do what he or she promised his or her clients “or will not find some way to defraud people.”
Investors should study carefully whether to trust a fund manager or not. “The truth is that you can spend two days in my office and you still will not know how I can defraud you if I wanted to... I would suggest that investors really touched on what I would see from my point of view as being important. Which is really a look into the ‘whites of the eyes’ and...................... To view our full article Click here
|
|
RSS
