Riding the storm
Andrew Bell | Globe and Mail | Aug. 27, 2009
The financial meltdown made managing funds a mug’s game. Here’s how one manager stayed the course—to a 35.5% return. The financial meltdown made managing funds a mug’s game. Hanif Mamdani stayed the course.
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I spent 10 years on Wall Street.
I ran the convertible bond trading desk at Salomon. On the sell side, it’s very transactional and short-term. On the buy side, you try to make decisions looking out one, two, three or four years. It’s no less intense, though.
Economics and finance, at its root, is the study of incentives. Most actions taken by CEOs, or by hedge funds and most investment bankers, can be explained by their compensation structure. If you understand that, you can predict things.
Read at source: http://m.theglobeandmail.com/news/riding-the-storm/article1263685/?service=mobile
More about Hanif Mamdani at: http://www.marketwire.com/press-release/Phillips-Hager-and-North-Investment-Management-Ltd-606827.html
Ismailimail 
CONGRATULATIONS!
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