Still, as the investment adage goes: past performance — even by a money manager whose fame has reached such heights that her fund is selling merchandise — is no guarantee of future results.
Beyond that, Wood’s prediction was certainly seen as an unusual tactic for any fund manager.
“If, when I was running 40-Act strategies aimed at retail investors, I even suggested using an absolute return target my legal team would have run me out of the office with pitchforks,” said Max Gokhman, chief investment officer at AlphaTrAI.
This article was provided by Bloomberg News.