Experienced investors should already have well-rounded portfolios, but might be prepared to add specific industry-sector funds or even single-country equity exposure. This could give them the extra style bias they want to help them to achieve additional growth potential during the next phase of the economic cycle.

This case demonstrates that even experienced investors in hedge funds can be victims of unscrupulous operators.

The concentration of stocks is concerning. An active fund manager would not put a portfolio together simply based on how big a company is or how big a portion of the index it represents. I would prefer to invest with a manager with a high degree of conviction in what they think are the best opportunities for growth.

It might add a little urgency to efforts that are already under way.

The district is in need of these funds.

We're at the stage where some of our more experienced players are injured, some have already been rested, so it's a great opportunity to bring a bit of youth and enthusiasm into the squad.