Posts Tagged ‘Business’

The Secret of Hedge Funds

admin | Tuesday, October 13th, 2009 | No Comments »

The Secret of Hedge Funds

Secret of Hedge Funds The Secret of Hedge Funds

A few days ago I recorded a short video on the future of hedge funds, it centered around how hedge funds will always be around and always do very well because of their secret weapon: innovation.  Hedge Funds now invest in real estate, oil, securities, and even other hedge funds.  The entrepreneurial nature of the industry globally has develop their core strength of diverse strategies that rewards them for high performance.  It was humorous to read headlines about “The Death of Hedge Funds” because they are so quick to adapt and fit to survive any economic recession or fraud event.

What we are seeing now is a further evolution of what some hedge fund managers are charging their clients. In the past the 2 and 20 formula was different enough from long only fund fees that investors were eager to become involved.  Now after the recent crisis hedge funds are gaining assets again but many investors are worried about liquidity and poor absolute return scenarios.

Some hedge funds are addressing this through allowing investors to clawback performance fees charged in prior years if performance is not sustained.  In some cases hedge funds, such as Hermes BPK Partners are placing percentages of performance fees that are paid out over 2-3 years if positive performance keeps up.

I see this as a long-term trend and believe that eventually managers will have a percentage of their incentive fees paid out over 5 and 7 years periods of continued positive experience because that is what investors really want and innovation is what hedge funds are all about.

Tags: The Secret of Hedge Funds, Hedge Fund Innovation, Innovation within the hedge fund industry, hedge fund investor claw backs, claw back periods for hedge fund investors, investor claw back clauses

Public Relations Tips | How to Write a Press Release

admin | Tuesday, October 13th, 2009 | No Comments »

Public Relations Tips How to Write a Press Release Public Relations Tips | How to Write a Press ReleaseWhile the strategies of public relations have been transformed with the advent of the Internet, press releases may still hold some value (despite the multitude of other sources for PR and coverage). There are many things to consider when writing a press release, a major one being that of your reasoning for writing it. It ought to convey some sort of value for its readers, offering some sort of benefit they may see from the contents of the press release. When readers, and especially with journalists, find value in your press release, they are more likely to share it and pass it along for others to read.

The following is a list of some helpful tips to consider when writing a press release:

1.) Titles are important. While it may seem a bit trivial on the surface (in comparison to the actual content of the press release), the title is the first time people will read. As such, it should be paid some well deserved attention. Journalists, reporters, bloggers, and the like are all pressed for time (aren’t we all?). They may review hundreds of press releases, which means your press release may not even be read. The title, then, needs to be a quick, succinct representation of what is to follow.

The title is also a great place to optimize for search engines (SEO). It can help your press release rank well when people search for topics your press release may cover. Using long keywords may bring traffic that means more to your company as well, since anyone can search for generic keywords, but may not find your press release useful.
2.) Content is equally as important. Once you’ve got their attention, keep them reading with information that is useful and, well, informative. They’re going to read the press release to see how it relates or affects them or people they know. Be sure to include some vital key elements: who, what, when, where, why, and how. These are the things journalists, reporters, bloggers, etc., will be looking for when reading your press release.
Here is a quick overview of what should be included:
  • Time of Release: the release may be prematurely released, so establishing a time to send out the press release, as well as when other news sources are free to post the release, is essential for ensuring proper exposure, release, and advertising.
  • City, State, and Date of release: This is simply more information for the reader to learn of where the company is located and how recent the press release is. Often, news sources pick up on press releases days after the company initially launched it, so this is useful information.
  • Contact Information: Also crucial for a press release, as the press release can be a great source of free publicity, and for readers/ viewers, there needs to be a way to contact the company releasing the press release. It is wise to list the Marketing Director here or the main publicist.
  • Company Information/ Byline: This is additional information about the company, such as what they do, the products and services they provide, and what they are currently working on. This is all a great source of free publicity, especially when launching a new product or service, or signing on with a new employee or partner.
3.) Last, but certainly not least: The recipient of your press release. As mentioned above, journalists and reporters may not have time to read every press release they are sent. Moreover, more than 75% of the press releases sent to them may be of no relevance to them. As such, these press releases will mostly likely end up in the recycling bin. I’ve said it before, but I’ll say it again: Do your homework. Look into your targeted reporter, blogger, or journalist. Take a few minutes out of your day to see what they write, if they link to sites that they may read, and most importantly, what interests them (which is usually what they write about). If you’ve got some information that may have some relation to the area they write in, they may be interested in what you and your company have to say. So, instead of blasting our press releases (which is spam), figure out who would be interested in your news. As with most aspects in business, figure out your target market before you advertise.
If you take a little extra time in crafting you press release and establishing who it is best to send to, in the end you can save yourself time and send out a better, more effective press release.

The Secret of Hedge Funds

admin | Tuesday, October 13th, 2009 | No Comments »

The Secret of Hedge Funds

Secret of Hedge Funds The Secret of Hedge Funds

A few days ago I recorded a short video on the future of hedge funds, it centered around how hedge funds will always be around and always do very well because of their secret weapon: innovation.  Hedge Funds now invest in real estate, oil, securities, and even other hedge funds.  The entrepreneurial nature of the industry globally has develop their core strength of diverse strategies that rewards them for high performance.  It was humorous to read headlines about “The Death of Hedge Funds” because they are so quick to adapt and fit to survive any economic recession or fraud event.

What we are seeing now is a further evolution of what some hedge fund managers are charging their clients. In the past the 2 and 20 formula was different enough from long only fund fees that investors were eager to become involved.  Now after the recent crisis hedge funds are gaining assets again but many investors are worried about liquidity and poor absolute return scenarios.

Some hedge funds are addressing this through allowing investors to clawback performance fees charged in prior years if performance is not sustained.  In some cases hedge funds, such as Hermes BPK Partners are placing percentages of performance fees that are paid out over 2-3 years if positive performance keeps up.

I see this as a long-term trend and believe that eventually managers will have a percentage of their incentive fees paid out over 5 and 7 years periods of continued positive experience because that is what investors really want and innovation is what hedge funds are all about.

Tags: The Secret of Hedge Funds, Hedge Fund Innovation, Innovation within the hedge fund industry, hedge fund investor claw backs, claw back periods for hedge fund investors, investor claw back clauses

The Secret of Hedge Funds

admin | Tuesday, October 13th, 2009 | No Comments »


Secret of Hedge Funds The Secret of Hedge Funds

A few days ago I recorded a short video on the future of hedge funds, it centered around how hedge funds will always be around and always do very well because of their secret weapon: innovation.  Hedge Funds now invest in real estate, oil, securities, and even other hedge funds.  The entrepreneurial nature of the industry globally has develop their core strength of diverse strategies that rewards them for high performance.  It was humorous to read headlines about “The Death of Hedge Funds” because they are so quick to adapt and fit to survive any economic recession or fraud event.

What we are seeing now is a further evolution of what some hedge fund managers are charging their clients. In the past the 2 and 20 formula was different enough from long only fund fees that investors were eager to become involved.  Now after the recent crisis hedge funds are gaining assets again but many investors are worried about liquidity and poor absolute return scenarios.

Some hedge funds are addressing this through allowing investors to clawback performance fees charged in prior years if performance is not sustained.  In some cases hedge funds, such as Hermes BPK Partners are placing percentages of performance fees that are paid out over 2-3 years if positive performance keeps up.

I see this as a long-term trend and believe that eventually managers will have a percentage of their incentive fees paid out over 5 and 7 years periods of continued positive experience because that is what investors really want and innovation is what hedge funds are all about.

Tags: The Secret of Hedge Funds, Hedge Fund Innovation, Innovation within the hedge fund industry, hedge fund investor claw backs, claw back periods for hedge fund investors, investor claw back clauses

Achieving Your Goal

admin | Tuesday, October 13th, 2009 | No Comments »

Achieving Your Goal

The Power of Focus in Achieving Your Goals

goal setting Achieving Your Goal

Richard Wilson of the Hedge Fund Certification Program and Hedge Fund Blogger recently told me a story from a conference he attended.  This lesson is applicable to any goal, from capital raising to opening a private equity firm.

Last week, I was speaking with an investment fund manager who was looking to raise capital and they were doing so by approaching every investor they could possibly speak to.  They were explaining how their firm has so little resources compared to their $1B competitors.  I recalled the following quote: 

“You can take a $5 disposable camera and take it out of the box, stand 10 feet from a building and take a great picture that will be developed and look good if not great. You could stand in that same position with a $10,000 camera with every gadget, lens, and a tripod and it will not take as good of a picture if you do not do one thing, focus.”  – Brian Tracy

The Point: You can beat your competition with a smaller staff, with less financial resources, and less experience if you just learn to focus. Focus on your top prospect investors, focus on local potential investors, and focus exclusively on the types of investors which are most likely to make allocations to your fund. If you can dial-in on these three areas your hot prospect list, local investors and the right investor mix (family offices, wealth management, pension funds, etc.), than you can really cover a lot of ground quickly.

I’ve worked with Richard for years and he is a testament to the power of focus.  I gave similar advice to an aspiring private equity professional at a conference in New York last month.  He was doing a great job of actively networking.  Instead of waiting for professionals to initiate a conversation, he was reaching out to everyone at the table.  I could tell he was a little discouraged as people were less than enthralled by an eager young professional looking for work, and he asked me “How do you think I’m doing?”  I told him that it almost always takes hundreds of rejections to get that dream job, that great sale or to achieve any other goal you set for yourself.  We hear this all the time growing up, but too often we still look for the easiest path. 

Set a difficult but attainable goal for yourself and achieve it, whether it is to raise more capital or to advance yourself in a PE firm.  Focusing on this goal means not getting caught up looking for easier solutions to come about or waiting help from someone else.  I have every confidence that the person I was speaking with at the conference can find a great job in private equity if he doggedly pursues that goal.  

Popular private equity articles:

  1. Private Equity Tracker Tool
  2. Alternative Investment Jobs
  3. Career Guide
  4. Service Provider Directory
  5. Private Equity Associate

Tags: private equity conference, private equity goals, marketing, career advice, finding a job in private equity, private equity career, private equity jobs, private equity work

Moscow HedgeCast

admin | Monday, October 12th, 2009 | No Comments »

Moscow HedgeCast

Below is a short HedgeCast video pulled from Hedge Fund Premium.  This is just one of over 30 educational resources now live within the Hedge Fund Premium platform.

Tags: Hedge Fund Moscow, HedgeCast, Hedge Fund Premium, Hedge Funds, Premium Hedge Fund Videos

Moscow HedgeCast

admin | Monday, October 12th, 2009 | No Comments »

Moscow HedgeCast

Below is a short HedgeCast video pulled from Hedge Fund Premium.  This is just one of over 30 educational resources now live within the Hedge Fund Premium platform.

Tags: Hedge Fund Moscow, HedgeCast, Hedge Fund Premium, Hedge Funds, Premium Hedge Fund Videos

Blackstone Vs KKR

admin | Sunday, October 11th, 2009 | No Comments »

Blackstone Vs KKR

KKR Joining Blackstone & Other Public Buyout Firms

Versus Logo Blackstone Vs KKR

KKR’s recent merger with its Amsterdam affiliate, KKR Private Equity Investors, makes the private equity firm one of the few publicly traded ones.  As the buyout shop plans to become listed on the New York Stock Exchange, BreakingViews has made an important comparison between KKR and another publicly-listed titan of the industry, Blackstone Group.

I am providing a the link to the article because it’s difficult to condense, so it’s best to just read it here.  The main focus of the comparison is the valuation gap between the two private equity firms and concludes with an optimistic prediction of KKR’s valuation when it is listed in New York and more investors have access to the firm.  Read the article here.

Popular private equity articles:  Blackstone Vs KKR

  1. Private Equity Tracker Tool
  2. Alternative Investment Jobs
  3. Career Guide
  4. Service Provider Directory
  5. Private Equity Associate

Tags: Blackstone Vs KKR, blackstone group, kkr, private equity publicly listed, public private equity firms, euronext, new york stock exchange, private equity kkr, kohlberg kravis roberts and company

PR Tips | Tools for a Successful Blog

admin | Friday, October 9th, 2009 | No Comments »

PR Tips %7C Tools for a Successful Blog PR Tips | Tools for a Successful BlogThe Public Relations tool belt is ever expanding. PR is no longer just about newspaper ads, magazine articles, and press releases. While blogging has been around for a long time, there is still much to be gained from blogging and being a part of the online community your customers frequent. There are a few ways to get your blog noticed.

Here are a few things I do to help my blog:
1.) I try to post daily. Not only does Google reward sites (and blogs) that post regularly, but readers may be more prone to suggest your blog to others when the content is consistently fresh and mildly interesting. This can help your blog’s overall success. Building readership in the beginning is a step all blogs go through, and though it takes time, keep at it.
2.) Participate in other blogs. This could include commenting on posts (after you’ve actually read them, mind you). Rather than simply posting a two word sentence or congratulatory phrase, like “great post”, think about your comment and if it will add any value to the post. If it won’t, don’t worry about posting. Rather, comment about it on your blog if you found it to be interesting. This is a way to contribute to the blog in your own way, on your own blog. Another means of participating is posting guest articles on other blogs. Most bloggers welcome, or should welcome, guest articles, so long as they are relevant and in-line with the rest of the blog. You should also consider adding guest bloggers to your own. A guest article gives readers a new voice to read, and may also provide your blog with some information you may not have considered posting before. Most guest bloggers will also link to the article they wrote for your blogging, bringing more readers your way.
3.) Use Twitter, Facebook, BusinessExchange, etc., to announce your posts. Though it may seem a little “salesy”, it can bring some traffic to your blog. What’s even better is when someone uses the “TweetThis” feature and shares your blog post with the rest of the world. (With applications like TweetDeck, which can update your MySpace, Facebook, and Twitter accounts at the same time, a “TweetThis” option can really increase your reach.) BusinessExchange is brought to us by Business Week; it is a beta site, but it seems to be a great resource already. You can share your articles there with other members of the site.
4.) Optimize you posts. Though search engine optimization (SEO) can be a difficult thing to master, let alone grasp, it is easy to learn how to add more ‘search engine’ power to your posts. I was referred to a quick, concise overview of SEO. You can find it here.
5.) Offer something of value to your readers. I like to think that readers come here to learn something about public relations, and hopefully they (you) do. I write to be an educational source for people interested in learning more about PR and the PR industry. I also want to offer resources, such as the glossary and blogroll, to add more value to the blog.
6.) Make time and plan ahead. Just as Rome wasn’t built in a day, your blog will not magically appear overnight, nor will your readership jump to the thousands the first week you start posting; it takes work. Make yourself an action plan after you set yourself some goals. (It’s hard to work towards something if you don’t really know what it is.) Give it time and you should soon see your hard work paying off.
Note that these all require patience, perseverance, and consistency, but they can be done. There are a few more good things to consider when blogging at Robb Sutton’s blog. He lists some of the reasons why other blogs are doing well, and some things you can change to make your blogging career more lucrative, enjoyable, and worthwhile.

How to Start A Family Office

admin | Friday, October 9th, 2009 | No Comments »

How To Start a Family Office

How to Start A Family Office How to Start A Family Office

Between running FamilyOfficesGroup.com and HedgeFundBlogger.com I have ran into a few dozen professionals who are interested in starting or currently are starting a family office.  This post is meant to help those professionals.  Below please find our top tips for establishing a family office.

Top 10 Family Office Startup Tips

  • I recently attended a private banking family office conference and most professionals there that I spoke to agreed that it takes 5-7 years for a private banking office or multi-family office startup to break-even or turn a profit.  Make sure you plan your cash flow/investments for at least a 5 year ramp up period
  • Your team, branding, office space, services, and relationship management skills must smell look and feel like a family office.  If you don’t, you can call yourself a family office but you will attract few clients.
  • Meet with the first two to three families you will be serving, having them write up their own wish lists of services and form your marketing materials, benefits and service lists around those desired “wants” and combine them with what you know the families also “need.”  
  • Your first 2-3 hire may decide the success or failure of your organization, hire slowly and carefully.  If it is your first time managing a team consult books written by experts on the topic others have been down this road  before.
  • Many wealth managers, HNW individuals and fund managers are looking for more information on family offices. Once you start your firm, speak at conferences and write articles on the topic to help attract clients.
  • Spend time with at least 2 attorneys and 2 CPAs to discuss the legal structure, taxation, and startup costs of running a family office. Often times the legal formation costs and considerations can delay family office institution launches.  
  • Draw process maps of how the sales pipeline will operate, how customer relationships will be managed, and how client inquiries or services will be delivered. Once you have these documented you will be able to improve upon them and use a few of the more clear process maps when explaining your services to potential clients.
  • Recognize that there is growing competition on both ends of the family office services spectrum. Medium sized wealth management firms are raising their minimums for clients and offering “family office services” while at the same time some successful multi-family offices are lowering their minimums to capture more market share within their region. Your family office must be positioned to be different from others in service, positioning, or relationship management.
  • Some stats show that $40-55M in AUM is typically needed to start a family office while others claim that $1B is needed to offer full fledged family office services.  Know that you may need to startup with one set of services and expand those as you grow past $100M and $500M in assets.

Tags: Starting a family office, how to start a family office, family office startups, establish a new family office, how to start a multi-family office, single family office formation tips and strategies

PR Tips: "Bringing Your Blog to the Next Level"

admin | Thursday, October 8th, 2009 | No Comments »

PR Tips Bringing Your Blog to the Next Level+ PR Tips: "Bringing Your Blog to the Next Level"

I followed my first talk show on Twitter with TweetGrid last night. (It was a pretty intense.) With hundreds of people tweeting about the Q&A taking place between Anita Campbell (@smallbiztrends) and Melinda Emerson (@SmallBizLady) from @SmallBizChat (also the name of the show), there was a lot to follow. The conversation took place for an hour or so, with some very interesting tips on how to bring your blog to the next level.
Here are some notes. I found some of the tips to be very helpful, and actually implemented some last night.
1.) Things take time. My readership is slowly growing, at what I thought was a somewhat discouraging rate. Anita reminded followers of the interview that “Rome wasn’t built in a day”, and that “Every blog starts small with just a few readers.” Stay consistent, and they will come. (Blog and they will come?)
2.) Things have changed in the past few years. Bloggers are being asked to provide something a little more original. To get someone other than your boss and mom to read your blog, you have to try different tactics, and your content needs to be original, or interesting at the least. For example, Twitter has helped bloggers share their posts, and has helped to be more beneficial to bloggers than say Facebook or MySpace.
3.) Focus. Having a focused topic, targeting a niche market or audience, helps keep your blog consistent. It also helps to keep content flowing; when you know the topic of your blog, it may be easier to sit down and write rather than stare at the monitor wondering, “what to write about today…?”. (You may still get stumped on what to write, but at least you know what area to write in.) Differentiate yourself by narrowing your focus.
4.) Treat your blog like a product. You are the manufacturer and distributor. You are responsible for the brand, and treating it like a product helps to give your efforts a purpose and structure to follow. Furthermore, it makes it easier to focus, which is a key aspect of gaining and retaining readers. Stay consistent in distribution, just as you would if you were selling a product. Anita posed the question, how well would your company do if you only sent our your products every once in a while?
5.) Write yourself a marketing plan. Even if your blog is not your main product, treat it as an important component of your business. It is a great way to reach current and future consumers. Create a plan for your blog so that you can stay on track, rather than blogging with no apparent method to your madness. All you need is a one page marketing plan to stay focused.
6.) Plan. This could include using an editorial calender in addition to the marketing plan. Producing content consistently is important. (A recent study found that blogs who write consistently, and daily, do better than blogs who post once a week. Most big blogs post a minimum of once a day.) Planning for your week/month with topics to write on can help you stay on track and help you post every day. Incorporate keywords from your industry to help increase traffic.
7.) Don’t worry about advertising on your blog. Focus on serving readers first. Monetizing the blog too early was Anita’s “#1 mistake made when trying to get your blog to the next level”. Once your readership is high, advertisers will come if you need them. (From other bloggers’ advice, stray away from GoogleAds. They only clutter your blog.)
8.) Be consistent. It was mentioned above, but it is worth reiterating: being inconsistent in your topics and rate of posting can hinder your blog’s growth. If you only post once a week, keep it consistent. Also keep in mind that your blog will grow at a slower rate than blogs that are posted to daily. It is more important to be consistent than to post more frequently with lower quality topics and articles.
9.) Consider guest bloggers. Ensure they are in line with your blog’s topics. Your own voice and what makes your blog unique can get diluted easily if you are not careful. Treat them as an Op Ed contributor to a newspaper’s Editorial page rather than a freelance writer.
Remember that blogging takes time, but there are some easy ways to ensure your blog is more successful in the long run. Check out @SmallBizChat every Wednesday night from 8-9PM, EST.

Kick Your Own Ass

admin | Thursday, October 8th, 2009 | No Comments »

Kick Your Own Ass

At our Chicago networking event last month a fund manager brought up my recommendation of reading Jeffrey Gitomer books. We were discussing how making sales is tough right now, nobody wants to spend time discussing expenditures.  The individual was looking for a new technique that would allow him to do well despite the poor economy. I think in tough times the principles of sales gurus like Jeffrey Gitomer are more true than ever.


Tags: Kick Your Own Ass, kicking your own ass in sales, sales advice, marketing and sales tips for investment marketers, third party marketing capital raising tips and strategies

Kick Your Own Ass

admin | Thursday, October 8th, 2009 | No Comments »

Kick Your Own Ass

At our Chicago networking event last month a fund manager brought up my recommendation of reading Jeffrey Gitomer books. We were discussing how making sales is tough right now, nobody wants to spend time discussing expenditures.  The individual was looking for a new technique that would allow him to do well despite the poor economy. I think in tough times the principles of sales gurus like Jeffrey Gitomer are more true than ever.


Tags: Kick Your Own Ass, kicking your own ass in sales, sales advice, marketing and sales tips for investment marketers, third party marketing capital raising tips and strategies

Family Office Wealth Management Industry Trends

admin | Thursday, October 8th, 2009 | No Comments »

Family Office Trends

Hedge Fund Globe Family Office Wealth Management Industry Trends

I just completed having a conversation with a multi-family office, and last week I presented at a private banking conference where family offices were also discussed.  Here are some of the trends I am seeing in the family office industry:

  • Relationship management in even higher demand – of course it is – master this and position yourself and you will do very well long-term.  Everyone values relationship managers very highly and they will pay top dollar to retain them
  • Local banks have opportunities over global ones in terms of relationship building, brand and trust
  • Additional services such as concierge or other services – bonuses are in demand especially within certain geographical markets where they are not only appreciated but expected
  • Large wealth capacity in Russia & Brazil which is largely untapped

Related Resources

Tags: Family Office Statistics, information on the family office industry, family office industry report, information on single family offices, multi-family office industry information, family office

Social Media & the Workplace: Robert Half Technology’s Findings

admin | Wednesday, October 7th, 2009 | No Comments »

Social Media the Workplace Robert Half Technology%27s Findings Social Media & the Workplace: Robert Half Technologys Findings

“Whistle – but don’t tweet – while you work.”

In light of the plethora of social media and social networking sites, Robert Half Technology conducted a survey of 1,400 CIOs from companies around the US with at least 100 employees. (In contrast, it would be interesting to see what companies of a much smaller size would say.)

There are many reasons to advocate the use of social media for public relations, marketing, and overall business. This study, however, shows that companies are still hesitant and rather suspicious of their employee’s abilities to use the media vehicles in an appropriate (or relative) manner.

While 1% were unaware (or opted not to answer) of their policies, 54% said that they completely prohibit use of these sites and 19% allow use for work related purposes. The number of companies who allow these sites to be used for business was surprisingly low, while the number who prohibit was also surprisingly high.

There are many benefits to companies who use these sites for their businesses, and for those who encourage their employees to get involved in their company’s online presence. I have, in past articles, urged the use of these sites because of the advantages they offer.

From StopBlocking, some key ideas that help to reiterate my reasons (and offer some new reasons) for encouraging their use:

“Well-communicated and consistently enforced policies will deal with most issues. The number of companies blocking access to social media sites is roughly on par with the number of companies without social media policies. Isn’t it possible that employees who knew what the rules were might actually follow them? Especially if they knew there were real and serious consequences for failing to do so?

Access to social media improves productivity. According to Dave Willmer, executive director of Robert Half Technology, “Using social networking sites may divert employees’ attention away from more pressing priorities, so it’s understandable that some companies limit access.” But multiple studies prove exactly the opposite.

Productivity concerns are based on fatally flawed assumptions. First, there is research to suggest that every hour an employee spends at work on non-work-related websites is compensated for by an hour spent away from work on work-related activities. Do you check your work-related email on your mobile phone before you even get out of bed? Most knowledge workers say they do. Second, there are work-related benefits to social media activities, including collaboration, mindsharing and professional social networking amongst employees, affiliates and partners, according to David Lavenda of WorkLight (drawing on results from a Gartner study).

Employees don’t need your network. I can access any social network I like on my iPhone and my Palm Pre. I have a laptop with built-in access to the Sprint network that gets me on any site I want. Employees can (and do) bring these tools to the workplace. Your blocks have no impact. Employees can still get to Facebook all they want.

Who died and put CIOs in charge of worker productivity anyway? I’m not sure when supervisors and HR abdicated this responsibility to IT, but IT is simply not qualified to address employee productivity.

Blocking kills engagement. There are plenty of studies that tie high levels of worker engagement to increased growth and profitability. Trust is a pillar of engagement. So what happens to engagement when all employees get the same message, “We don’t trust any of you, not a single damn one of you, as far as we can throw you, so we’re blocking all of you”? Bye bye, engagement.

Access to social media is not an automatic invitation to viruses and malware. Those companies that do permit employee access have found ways to protect their networks. For many of the companies blocking access based on the fear of infection, it’s just easier to block than to find ways to protect the network while providing access. Laziness is not an excuse for blocking.

Millenials will not work for companies that block. These workers — the ones you need to hire to replace the retiring boomers — are networked 24/7 and expect the company to accommodate them. Many simply won’t work for companies that block access, which means you’re left to hire your second and third choices. Is mediocrity actually a hiring goal in your organization?

Bandwidth is a bogus issue. Bandwidth is the paper of the digital era. Can you imagine a company 25 years ago telling workers, “We’d love to get memos and publications to you, but we don’t have enough paper”? The very notion is absurd. They’d buy more paper. Companies pinching pennies on bandwidth are doing themselves a disservice in many more ways than one.”

Robert Half Technology even offers some ways to protect your professional reputation, which would be a great thing to share with employees:

  • Know what’s allowed. Make sure you understand and adhere to your company’s social networking policy.
  • Use caution. Be familiar with each site’s privacy settings to ensure personal details or photos you post can be viewed only by people you choose.
  • Keep it professional. Use social networking sites while at work to make connections with others in your field or follow industry news — not to catch up with family or friends.
  • Stay positive. Avoid complaining about your manager and coworkers. Once you’ve hit submit or send, you can’t always take back your words — and there’s a chance they could be read by the very people you’re criticizing.
  • Polish your image. Tweet or blog about a topic related to your profession. You’ll build a reputation as a subject matter expert, which could help you advance in your career.
  • Monitor yourself. Even if your employer has a liberal policy about social networking, limit the time you spend checking your Facebook page or reading other people’s tweets to avoid a productivity drain.”

I think there is a happy medium to allowing use of social media sites. As a millenial, I want to be involved in these sites, whether for myself or for the company I work with.
Networking with others is enjoyable and helps to pass a long day online.

I hope that in the future companies can shift the responsibility of deciding Internet usage to people who are more knowledgeable and better equipped to make such a decision. IT may be told (from higher ups) that employees will waste time and blocking responsible sites is the only means to stopping it. What they are not able to see is the overall benefit of having employees involved in the company’s online identity.

Buzz On A Budget: PR Tools for Small Businesses and Entrepreneurs

admin | Wednesday, October 7th, 2009 | 1 Comment »

Our friends (and fellow Oregonians) at LT Public Relations are having a PR seminar next Tuesday the 13th.

Here are some quick details:

Who: LT Public Relations
What: PR Seminar – “Buzz On A Budget: PR Tools for Small Businesses and Entrepreneurs”
When: Tuesday, October 13th (8:00 AM-12:00 PM)
Where: McMenamins’ Kennedy School (5736 N.E. 33rd Ave. Portland, OR)
Why: To help participants:

  • Strengthen their brand and increase sales through public relations
  • Identify and pursue PR opportunities that directly and positively impact their business objectives
  • Capitalize on the numerous new PR tools currently available

Find more information here. If you or someone you know are able to attend, I’d love some feedback.

-Ashley

Power of Investor Focus

admin | Wednesday, October 7th, 2009 | No Comments »

Power of Focus

Power of Focus Power of Investor Focus

Below is a quote I used while speaking with an investment fund manager last week that was looking to raise capital, they were doing so by approaching every investor they could possibly speak to.  They were explaining how their firm has so little resources compared to their $1B competitors.

“You can take a $5 disposable camera and take it out of the box, stand 10 feet from a building and take a great picture that will be developed and look good if not great. You could stand in that same position with a $10,000 camera with every gadget, lens, and a tripod and it will not take as good of a picture if you do not do one thing, focus.”
                                                                    - Brian Tracy

The Point: You can beat your competition with a smaller staff, with less financial resources, and less experience if you just learn to focus. Focus on your top prospect investors, focus on local potential investors, and focus exclusively on the types of investors which are most likely to make allocations to your fund. If you can dial-in on these three areas your hot prospect list, local investors and the right investor mix (family offices, wealth management, pension funds, etc.), than you can really cover a lot of ground quickly.

Tags: Power of focusing on the right investors, capital raising focus, the right focus for fundraising

Institutional Investors Mandates

admin | Wednesday, October 7th, 2009 | No Comments »

Institutional Investors Mandates

Stanford & London Pension Fund Looking to Private Equity

london pensions Institutional Investors Mandates

This week, two large institutional investors showed an interest in investing in private equity.  First, the London Pension Fund Authority’s CEO announced that the fund is seeking investment opportunities in private equity and infrastructure.  As of June 2009, the London pension fund’s assets are divided between 2.1 billion pound ($3.3 billion) in an active fund primarily invested in global equity and 1.1 billion pound ($1.74 billion) in a “sub-fund” which invests more conservatives and is used to pay out pensions.   Now, private equity firms will compete for a share of the fund’s total assets, in excess of $5 billion.  At the end of June, the pension fund had 9% of its assets invested in private equity.

Chief Michael Taylor wants the active fund to use some of its cash, worth 7 percent of its assets.
“We are looking for investment in private equity and infrastructure, but the problem is that there has been precious little distribution at the moment; not a lot of IPOs and little trade in that area,” he said.

As part of the same cash redeployment, the LPFA has invested 20 million pounds in the Prudential (PRU.L) M&G UK Comapanies Financing fund, which will make loans to sound UK companies stymied by a lack of bank lending.

The scheme may invest a further 30 million pounds if M&G hits the 2 billion pounds target.
The fund has so far gathered 1.3 billion pounds and its total assets may rise to 1.6 billion pounds after its third closing. The fund has not yet made any loans, said M&G’s fixed income chief investment officer Simon Pilcher.   Source

StanfordLogo Institutional Investors Mandates

Stanford also showed interest in investing more in private equity.  The university’s endowment fund is looking to private equity firms to take some $1 billion of its $14.5 billion in assets.

Although the story became public in the past few days, university finance officials have been conversing with major private equity firms on the matter for several weeks, I’m told. They wouldn’t say who, or if there are any takers yet. “We’re testing the market,” said one official, who hastened to add, “We’re not in a liquidity crisis. We’re just looking to balance our portfolio.”

Said portfolio hasn’t been very good to Stanford of late. As of the year ending June 30, it was down 25.9 percent from the previous year, according to the Stanford Management Co., which manages the portfolio.   Source

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Tags:  private equity, institutional mandates, institutional fund mandates, fund mandates, private equity mandates, private equity fund investments, investment opportunities, capital calls

What is a Family Office?

admin | Tuesday, October 6th, 2009 | No Comments »

What is a Family Office?

Below please find a short video answering the question, What is a family office? This video provides a brief overview of the industry, growth prospects and why HNW individuals are choosing to work with family offices.

Related Resources

Tags: What is a Family Office? How does a family office work? What is the difference between a family office and wealth management firm, What is a single family office? what is a multi-family office?

Emulating Capital Raising Best Practices

admin | Tuesday, October 6th, 2009 | No Comments »

Graham Harvey

Emulating Capital Raising Best Practices

Moscow Emulating Capital Raising Best Practices

Last week I completing a presentation on capital raising in Moscow for the BankConference event on private banking.  While there I heard Graham Harvey from the Scorpio Partenrship speak on wealth management and family offices.  Some interesting points from his presentation:

  1. The financial recession really resulted in 2 levels of losses for HNW wealth managers:  The1st round was real portfolio losses, the 2nd round is reduced % of inflows and slightly lower margins, at this same time there is some inflow opportunity from other private banks and family offices
  2. Right now many private banks are focusing on developing a higher relationship management focus
  3. 75% of top 20 banks have been associated with bailouts or capitalization efforts
  4. The wealth management market is large with an estimated size of $14.5T in AUM
  5. Best practices outside the banking industry are very valuable to banks…I see this with hedge funds and family offices. 
I think point number 5 above is the most important to take away here.  Graham has consulted with some of the fastest growing and largest banks in the industry and one of his top suggestions is to take lessons learned from other markets such as luxury goods or fast moving consumer goods and apply those lessons to the private banking or hedge fund industries. I think that this is an area where hedge funds could take note and pick up some new best practices in terms of marketing and capital raising.  I will soon write up a whole series on how this can be done with real life practical examples.

Tags: Emulating best practices, adopting best practices from other industries, hedge fund marketing best practices, raising capital using new tactics, advice on how to raise capital for investment funds

Emulating Capital Raising Best Practices

admin | Tuesday, October 6th, 2009 | No Comments »

Graham Harvey

Emulating Capital Raising Best Practices

Moscow Emulating Capital Raising Best Practices

Last week I completing a presentation on capital raising in Moscow for the BankConference event on private banking.  While there I heard Graham Harvey from the Scorpio Partenrship speak on wealth management and family offices.  Some interesting points from his presentation:

  1. The financial recession really resulted in 2 levels of losses for HNW wealth managers:  The1st round was real portfolio losses, the 2nd round is reduced % of inflows and slightly lower margins, at this same time there is some inflow opportunity from other private banks and family offices
  2. Right now many private banks are focusing on developing a higher relationship management focus
  3. 75% of top 20 banks have been associated with bailouts or capitalization efforts
  4. The wealth management market is large with an estimated size of $14.5T in AUM
  5. Best practices outside the banking industry are very valuable to banks…I see this with hedge funds and family offices. 
I think point number 5 above is the most important to take away here.  Graham has consulted with some of the fastest growing and largest banks in the industry and one of his top suggestions is to take lessons learned from other markets such as luxury goods or fast moving consumer goods and apply those lessons to the private banking or hedge fund industries. I think that this is an area where hedge funds could take note and pick up some new best practices in terms of marketing and capital raising.  I will soon write up a whole series on how this can be done with real life practical examples.

- Richard Wilson

Tags: Emulating best practices, adopting best practices from other industries, hedge fund marketing best practices, raising capital using new tactics, advice on how to raise capital for investment funds

Hedge Funds Assets Rebound

admin | Tuesday, October 6th, 2009 | No Comments »

Hedge Funds Assets Rebound

Hedge Funds Assets Expected to Rebound by 10% in 2009

Rebound 1024x768 Hedge Funds Assets Rebound

Global hedge fund assets may recover by at least 10% in the latter half of this year.  Despite impressive returns, investors continued to pull cash from the industry in the first six months of 2009.

But Hedge Fund Intelligence’s editorial director gave a promising prediction this week, “We would not be surprised to see industry assets rise from the mid-year levels by at least 10 percent before the end of 2009.”  The fact that several hedge funds have seen their assets rise in the last couple months gives that statement some credibility, coupled with the great performance across the industry.

Last week, Man Group (EMG.L) said net client withdrawals slowed in the third quarter, helping to lift asset levels, while GLG Partners (GLG.N) recently said it had seen net inflows.

During the first half of this year total global hedge fund assets fell 8.5 percent to $1.67 trillion (1.05 trillion pounds), HFI said. That came even though funds on average gained 7.2 percent in performance terms, according to Credit Suisse/Tremont.

The data indicates that investors continued to pull their money out of hedge funds in the first half, perhaps in reaction to the industry’s worst year of performance on record last year when funds lost close to 20 percent on avaerage [sic].

“This implies that net redemptions from hedge funds were continuing at a fairly rapid rate between January and June, with as much as 15 percent of investor money being pulled from the industry during the first half,” HFI said in a statement.   Source

Related Resources

tags: Hedge Funds Assets Rebound, Hedge Funds Assets, hedge funds, hedge fund asset level, hedge fund redemptions, investor confidence, cash withdrawal

Freenium (Part 1 of 2)

admin | Tuesday, October 6th, 2009 | No Comments »

From our friends at InfluenceGuru.com:
Freenium (Part 1 of 2)


Freenium (Part 1 of 2) Freenium (Part 1 of 2)

“The single most important key to my business and online success has been learning how to employ one of the most common principles of influence, reciprocation.

The principle of reciprocation simply means that when you give someone something that individual will feel some sort of debt to you or compulsion to act to help you in return. Examples of this may be found in stores where free samples are given away, free flowers handed out, or free return address labels provided in hopes of securing your interest and serving you as a new customer or donor.

I once heard someone say that if you try to get $1 from a million people you will always be poor but if you try to deliver $1,000 worth of value to 100,000 people, 1,000 of them will purchase your product for it’s $1,000 value and that will make you a millionaire. The numbers within this example don’t matter – the point is that to become wealthy you must make others wealthy with your knowledge, service or experience.

There are many ways to deliver value. One would be to serve your current clients or any future ones so well that by word of mouth your business grows. Another way is through providing huge value to anyone who visits your website or joins your free email newsletter. This tactic involves sharing your valuable expertise without charging for it, showing everyone how they may benefit from your advice. This positions you as the expert, builds your authority and eventually will start showing signs of social proof as more individuals learn of what they can get at no cost.

Within every industry there are 1-2 leaders who are giving away in-depth white papers, newsletter subscriptions, and information websites at no cost. These businesses are the “free line leaders” and they often have a large following which is not only hungry to consume their current products, but they often help shape future product offerings. To become one of these leaders you must realize that your expertise and knowledge is only valuable when shared and if you are scared of giving away your advice and expertise at no cost than you will be an expert that nobody knows. The trick is to become THE expert that EVERYONE knows.

The more you give away the more your firm will receive in return. Take your most valuable secrets and release them within an e-book, free of charge for anyone who will provide you with their email address. My firm as done this and to date we have over 20,000 email addresses of potential customers from this tactic alone. Each day we get over 100 new leads into our database that we can grow relationships with.

To view Part 2 of this blog post please click here. This second part reviews 10 ideas on how you can implement these types of strategies in your business. Click here to read it now. For more information on reciprocation please see my post on Robert Cialdin’s social influence principles here: Robert Cialdini Book on Influence & Persuasion.”

Family Office Book

admin | Tuesday, October 6th, 2009 | No Comments »

Family Office Book

Free Downloadable Book on Family Offices

This website is build as a free resource to help educate and update readers on the private equity industry.  I understand some readers are students and are hesitant to pay for information so I keep an eye out for free or discounted materials.   My friend Richard Wilson at FamilyOfficesGroup.com has put together a free collection of writings and data on the family offices industry, a valuable source of capital for private equity and venture capital funds. 

Family Office Report Family Office Book

The Family Office Report

The Family Office Report is a 65 page e-book on single and multi-family offices. If you are looking to learn more about family offices this guide will help you understand the family office industry.  The Family Office Report was produced by the Family Offices Group, has a $250 value and is now free to download through completing the form below.

Benefits of Reading the Family Office Report:

  • Grow More Effective Family Office Relationships
  • Better understand Trends Affecting Family Offices
  • Learn more about the services offered by single and multi-family offices
  • Raise more capital from HNW wealth management firms and family office institutions
  • Position your firm or career in line with family office trends and industry challenges
Red Arrow Small Family Office Book

Download the Family Office Report by typing in your first name and primary email address below:

Related to Free Family Office Book: The Family Office Report

The Family Office Report

admin | Monday, October 5th, 2009 | No Comments »


Family Office Report The Family Office Report

The Family Office Report

The Family Office Report is 65 page e-book on single and multi-family offices. If you are looking to learn more about family offices this guide will help you understand the family office industry.  The Family Office Report was produced by the Family Offices Group, has a $250 value and is now free to download through completing the form below.

Benefits of Reading the Family Office Report:

  • Grow More Effective Family Office Relationships
  • Better understand Trends Affecting Family Offices
  • Learn more about the services offered by single and multi-family offices
  • Raise more capital from HNW wealth management firms and family office institutions
  • Position your firm or career in line with family office trends and industry challenges
Red Arrow Small The Family Office Report

Download the Family Office Report by typing in your first name and primary email address below:


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