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With the economic outlook still gloomy, investors cautiously hedge their bets

Memphis Commercial Appeal – It was only a few years ago, but to William Kenley, those were the good old days.

"That was a time when you could throw a dart at what you were going to invest in and do pretty well," Kenley, 44, said of the "fringe" money he used to manage himself. "It’s a whole different ballgame today."

Because the game has changed, Kenley, CEO of Methodist North Hospital, now relies heavily on Chirag Chauhan, a partner in The Barnett Group.

"Chirag and I have had numerous conversations" about strategy, said Kenley. "It’s a frustrating time. We’ve had a diversified approach and it’s good to be diversified, but the whole universe is down."

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