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Be Careful What You Blog, And When

TedTed
in Fund Discussions
FYI: Blogging can sometimes lead to mutual fund firms sending mixed
messages to their FA allies and to investors. Case in point: Van
Eck [profile] and bitcoin.
Many fundsters, especially PMs looking to boost their brand as
thought leaders, take to their keyboards or microphones to share
ideas regularly with investors, in the form of blog posts, podcasts,
and more. Yet, in Van Eck, one PM's public commentary last
week did not quite line up with a planned product in development
by the New York City-based mutual fund firm.
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=56846&wireid=2

Comments

  • BobCBobC
    It is very hard to believe the blog did not go through the firm's compliance division before it was posted. EVERYTHING put out by fund companies goes through often multiple layers of compliance. But even so, compliance may not have been aware of the new product development, either.
  • msf
    This certainly wasn't a great PR move, but aside from that, could be viewed as a positive.

    It's pretty common to see one fund in a family buying the same securities as another one is selling. Aside from the immediate benefit of reducing trading costs (by trading internally), it can also be taken as a sign that the managers are not all moving in lock step, suffering from group think and a single pool of analysts.

    That seems preferable to watching implosions from massive overlap, such as one of BobC's bugaboos, Janus.
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