(Opalesque) Fund managers often invest much of their personal wealth in their own funds. Having ‘skin in the game’ helps with investor buy-in and can also keep a fund afloat if performance dips. But, without proper diversification, those same managers can end up with the type of concentrated portfolios that they tell investors to avoid.
The Mason Companies a Reston, Virginia based $700 million RIA has started working with fund managers to help them diversify their portfolios. “What we’re doing is going through the overall portfolio and advising on how to improve diversity by investing a portion of a managers liquid wealth,” explains Scott George, President, and CIO of The Mason Companies.
