• Skip to primary navigation
  • Skip to content
  • Skip to footer

Financial Woman

Empowering Women By Helping Them Learn To Invest

  • Home
  • Programs
  • Free Tools
  • Praise
  • About

Julie Made Money in 2008

By Camille Gaines

Email, RSS Follow
Pin It

As noted before I always have my eyes open for money managers that perform well when the market has not. Along this topic an article in the weekend Barron’s caught my attention. A portfolio manager Julie Lang Kirkpatrick actually made money for her clients in 2008.

Julie and her father run Lang Asset Management based in Atlanta. They structure portfolios based on their client’s individual needs something that is more difficult for huge managers. You see Lang manages only $16.5 million. My guess is that amount probably grew this week following the Barron’s article. Back to the performance; One group of clients were mostly in short positions betting that the market would go down and they were up more than 50%. The clients with both long and short positions were up almost 25%. Even their municipal bond investors were up over 8%.

The minimum investment is a fair $ 100 000 and they charge a flat fee of $2 000. (I am unclear whether this applies to all account sizes or to a $100 000 account.) The firm keeps 20% of the profits similar to a hedge fund structure. Given their performance this past year who would mind?

http://www.langasset.com/

Invite Prosperity; Invest More Acquire wisely Give Often

Search

  • Privacy Policy
  • Terms of Use
  • Privacy Policy
  • Terms of Use

Copyright © 2007-2022 Financial Woman™