Heidi Roizen Quotes

At the end of the day, VCs have to provide their limited partners with great returns, or they aren't going to be able to raise another fund.

Private equity is a science project for many, many years, and when you have a science project, it leaves the human beings as a secondary fact.

Venture-capital firms invest in trends by projecting returns. But most projections are pretty much bogus, and research shows that experts are no better at predicting the future than dart-throwing monkeys.

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.

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

Any Wall Street advertising that does not go into the boring details of methodology is most likely to be pushing past performance.

With a regular venture fund, you raise, let's say, a billion dollars, and then over the next three or four years, you've got to invest that money; otherwise, the people who invested with you will say, 'What are you doing? You're just collecting fees on our money.'

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.

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.

Your initial instincts about investments and people are usually correct. We do a lot of due diligence in this business and most of the time it comes out where we started.

Many of the best firms historically in venture capital have been multi-sector.

Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.

The free market is at its best when everybody works in a fish bowl and tells you their point of view... The hedge funds and portfolio managers have a right to do this... We've muted the analysts and their presence in the system.

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

I thought if we could put our hard-working culture as traders into the asset management, it will be a great combination, and we did do that.

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.

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.

Often, investors will discover a manager after he's had a terrific run, usually when he lands on a magazine cover somewhere. Invariably, funds swell up with new investor money just before they revert to their long-term averages.

If the country is to flourish, capital must be invested in enterprise. But those who seek to draw upon other people's money must be wholly candid regarding the facts on which the investor's judgment is asked.

Mutual funds with superior performance records often falter.

We believe the size is almost irrelevant to investment success. Our size has certainly not diminished our enthusiasm for investing in our funds, our ability to find or create opportunities, or our performance outlook.

Entire populations of market strategists, fund managers, and economists are employed to try and intuit for clients which securities to bet on for the best possible return each year - or quarter.

I don't think you should put all your money in one place. It must be invested in different investments.