The Trusted Partner Podcast Cobblestone Capital Advisors

Jesse and Gabe are joined by Jason Garlock, Chief Investment Officer at Cobblestone Capital Advisors, to demystify hedge funds. The conversation covers what hedge funds are, their legal structure, investment strategies, performance metrics, fee structures, and regulatory environment. Jason draws comparisons with mutual funds and traditional investments, emphasizing the importance of understanding the manager's role and strategy. The episode also touches on the relevance of hedge funds in modern portfolios and effective ways to benchmark their performance. Finally, the group ends on a lighter note with a fun discussion on their personal 'long' and 'short' bets.
 
Key Takeaways:
• What are the differences between hedge funds and mutual funds?
• How do hedge funds use short selling, arbitrage, and global macro as a financial strategy?
• What role do the managers and investors play in the legal structure of a hedge fund?
• What constitutes an appropriate benchmark for hedge fund performance?
• What are Jesse, Gabe and Jason long and short on when it comes to living the best life?
 
Key Timestamps:
(00:00) Introduction
(02:01) What is a Hedge Fund?
(02:26) Legal Structure and Advantages
(04:03) Investment Strategies and Transparency
(05:50) Hedge Funds vs Mutual Funds
(10:39) Leverage in Hedge Funds
(14:44) Benefits for Hedge Fund Managers vs Investors
(18:00) Understanding Hedge Fund Fees
(21:53) Consumer Protection
(28:51) Benchmarking Hedge Fund Performance
(33:30) Private Investments vs. Hedge Funds
(36:04) Personal Long and Short Bets
 
Key Topics Discussed:
The Trusted Partner, Cobblestone Capital Advisors, Jesse Cramer, Gabe Chodak, Rochester New York, financial planning, investment management, long short hedge funds, mutual funds, private equity, hedge fund managers, investors
 
More of The Trusted Partner:
Website: https://cobblestonecap.com/the-trusted-partner-podcast/
 
Information presented in this podcast is not intended to be nor should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational and illustrative purposes. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal. Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.

Jesse and Gabe sit down with Allison Schraf, a Senior Wealth Planner at Cobblestone Capital Advisors, to discuss the pros and cons of couples (whether married or not) combining their finances. Topics include:
 
- the importance of communication, transparency, and compromise. 
 
- practical advice on creating a household budget, allocating expenses, and managing joint finances.
 
- the importance of updating beneficiaries and life insurance coverage after marriage, and updating personal property coverages. 
 
- the need to periodically review and update these arrangements to ensure they align with changing financial needs and circumstances.
 

Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
 

All content is of a general nature and solely for educational, informational and illustrative purposes.
 

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
 

Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.

Jesse and Gabe meet at the 9th green at 9 for a chat about golf and wealth management, and the varied similarities between the two. Both are exercises in:
 
- Seeking reward while managing risk
 
- Striving to reach your own personal goals, ignoring the outside noise
 
- Planning for what's next and looking ahead 
 
- Occasionally hitting it the sand - but focusing on a smart recovery
 
- Seeking guidance for experts who walked the course before
 
- And much more
 

Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
 

All content is of a general nature and solely for educational, informational and illustrative purposes.
 

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
 

Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.

Jesse and Gabe are joined by Charlie Ruff, Cobblestone's Head of Investment Strategy & Communications, to discuss commodities investing: the good, bad, and ugly. Specifically, the three discuss: 
 
- what are the different "genres" of commodities? 
 
- why does the commodities market exist? 
 
- is it worth considering commodities in a diversified portfolio? 
 
- do you have to *own* the physical commodities themselves? 
 
- and much more
 

Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
 

All content is of a general nature and solely for educational, informational and illustrative purposes.
 

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
 

Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.

Jesse and Gabe are joined by Jordan Millner, Cobblestone's Head of Global Equities, to discuss the merits of international stocks within a diversified portfolio. They answer questions such as:
 
- Do international stocks traditionally outperform U.S. stocks, or vice versa?
 
- Why can't multinational corporations (e.g. Apple) be considered "international investing?"
 
- What are generally accepted international allocations?
 
- What are the various risks of investing in international markets?
 
- What's the difference between "International" and "Emerging" markets? 
 
- And more...
 

Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
 

All content is of a general nature and solely for educational, informational and illustrative purposes.
 

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
 

Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.

Jesse and Gabe go deep on the topic of 529 plans today, helping their listeners understand this fundamental tool in saving for college. Their conversation covers: 
 
- The basics of 529 plans
 
- The major benefits, such as tax-free investment growth
 
- The downsides, like illiquidity and penalties for certain withdrawals 
 
- The nuance of the recently publicized "529 to Roth" conversion
 
- How to balance 529s into your overall financial plan
 
- and much more
 

Information presented in this podcast is not intended to be nor should be construed as individualized investment advice.
 

All content is of a general nature and solely for educational, informational and illustrative purposes.
 

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
 

Opinions of unaffiliated third-parties may not represent those of Cobblestone Capital Advisors or its employees.