Margin of Safety » Intelligent Investor http://amarginofsafety.com "...to distill the secret of sound investment into three words..." Fri, 26 Jun 2020 18:44:00 +0000 en hourly 1 http://wordpress.org/?v=3.2 Another Thought-Provoking Intelligent Investor Column http://amarginofsafety.com/2012/06/04/another-thought-provoking-intelligent-investor-column/?utm_source=rss&utm_medium=rss&utm_campaign=another-thought-provoking-intelligent-investor-column http://amarginofsafety.com/2012/06/04/another-thought-provoking-intelligent-investor-column/#comments Mon, 04 Jun 2012 18:05:59 +0000 Ray Galkowski, CFA http://amarginofsafety.com/?p=1369 Continue reading →]]> Jason Zweig wonders whether undisclosed skin-in-the-game is a good thing. Can disclosure alone cure a real conflict of interest? Mutual fund managers wrestle with these issues but are usually criticized for having little or no skin in the game. Hedge fund managers must invest side-by-side with their limited partners, so there is less conflict than the one Jason writes about in the attached column–a large investment outside of the manager’s fund–but hedge fund managers are not free from all conflict.

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http://online.wsj.com/article/SB10001424052702304821304577438511630586748.html?KEYWORDS=zweig#articleTabs%3Darticle

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