Neutral on Hedge Funds? THIS is why Citi is trading below $20. Would you trust your money to someone who told you to "underweight" or "overweight" an INVESTMENT VEHICLE? Since they are "overweight" equities, what would they say about an equity hedge fund? Ladies and gentleman of Citi Smith Barney, you don't underweight or overweight investment vehicles (have you ever heard someone say "underweight ETFs!"?); Assets classes are NOT the same as investment vehicles.
Kindly,
Someone who gets paid a lot less than you, and shouldn't have to tell you these things.
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2 comments:
Good observation. However some on wall st are turning bullish on citi. For example, a person that I barely see call anything wrong Doug Kass in this post
http://www.thestreet.com/story/10418903/1/kass-money-in-the-banks.html
hahaha
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