A Translation Guide to Asset Manager-Speak Now is a good entry point = Sorry, we are in a drawdown We have a high Sharpe ratio = We don’t make much money We have never lost money = We have never made money We have a great backtest = We are going to lose money after we take your money We have a proprietary sourcing approach = We invest in whatever our hedge fund friends do We are not in crowded positions = We missed all the best-performing stocks We are not correlated = We are underperforming while the market keeps going up We invest in unique uncorrelated assets = We have an illiquid portfolio which can’t be valued and will suspend soon We are soft-closing the fund = We want to raise as much money as we can right now We are hard-closing the fund = We are definitely open for you We are not responsible for the bad track record at our prior firm = We lost money but are blaming all our ex-colleagues We have a bottom-up approach = We have no idea what markets are going to do We have a top-down process = We think we know what markets will do but really who does? The markets had a temporary mark-to-market loss = Our fundamental analysis was wrong and we don’t know why we lost money We don’t believe in stop-loss limits = We have no risk management
Thanks for this information! I appreciate it! I`d also ask if you can recommend some good app or service for documents translation