Ivan Glasenberg Quotes

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.

Guys like me on the investor side are a dime a dozen.

There are a lot of idiot fund managers out there who add no value to the process at all.

Throughout the universe of public and private funds, managers are measured quarterly against one index or another, defined by statistics, and corralled into this category or that category so that fund of funds, pensions, and other institutions can make comforting - if not necessarily prudent - asset allocation decisions.

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well. It seems, perhaps, that the longer and longer you keep at it in this business the more and more time you have to expose your Achilles heel - wherever and whatever that might be.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

Some of my best friends are Venture Capitalists, but let's face it, a hamster with Alzheimer's could make those kind of numbers. It's great work if you can get it.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

The role of private equity as fiduciaries is certainly to make money.

Mutual fund managers want your money in their funds. They get paid based on assets under management.

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

Hedge funds are other hedge funds' toughest competition. And there are just more of them, and it's tougher and tougher all along.

The man I respect the most in the business - and he's in the hedge fund business - is probably Stan Druckenmiller. He's just so smart and so good and so up on everything. I think he's fantastic investor.

Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.

We are not only one of the largest investment firms but also one of the best performing.

Index investing outperforms active management year after year.

Zeroing in on the best sectors or the best regions of the world is great, but zeroing in on the very best individual stocks is the key to making truly impressive profits.

Wide diversification is only required when investors do not understand what they are doing.

I'm delighted to be joining INVESCO, an organization that has been growing both in terms of assets under management and the breadth of investment capabilities offered. I see great potential in working with the accomplished investment centers within INVESCO and providing expertise to help develop strategic solutions for our clients.

When markets are rallying, cash in the portfolio is a drag on performance, returning about zero.

I started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.

A financial crisis is a great time for professional investors and a horrible time for average ones.

Pension funds, endowments, and private investors trust Mitt Romney's former company Bain Capital enough to hand it billions of dollars in assets.