By Roddy Boyd
Everyone wants to make good choices with their investment capital and there is plenty of natural appeal for a rebel who tries to shake up a buttoned-down culture like that on Wall Street. But as this report from Roddy Boyd, the founder of an investigative reporting nonprofit called The Southern Investigative Reporting Foundation, shows, when we lose sight of common sense principles, ample headaches and woe await.
Money manager Anthony Davian and his hedge fund seemed tailor made for an America that was sick of slick Wall Street promises.
The Cleveland-area native proudly bucked the tradition of hedge fund investments coming from pensions, endowments or super-affluent individuals, using YouTube videos, Facebook and Twitter to appeal directly to a new generation of hedge fund investors who want to invest in things they can understand and didn’t like paying a Wall Street broker’s an exorbitant fee to pick one for them.
For a little while at least, it all worked as planned.Read More »from Ohio’s Hedge Fund ‘King’ Just Another Wall Street Snake