- Mutual FundsSteven Hecht is the founder of Steven Hecht Investments, Inc and this website, LoneWolfCapital.com. Mr. Hecht began his career as an investment officer for a major New York City bank. It was here he learned the fundamentals of capital preservation, risk/reward measurement, the ability to see beyond the day's headlines, and most importantly the understanding that each client is a unique relationship. The bull market that began in 1982 fostered a burgeoning industry of mutual funds. The investing public was increasingly eager to participate in the economic wealth being created by a fast growing global marketplace. Mutual funds were aggressively marketed by large investment firms as a way to achieve diversification and have a "professional" manage your money.
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