11–20 of 130 posts
Surely there isn't a shortage of competition? Does everyone just want in on the big names?
Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the Consumer Finance Protection Bureau?
1. Crazy graph format lol 2. I thought management fees were supposed to pay for comp? 3. Buying SPY wins again? 4. I don't really care about rich people getting ripped off, but I wonder if any of my money leaks into these funds
Does this graph format have a name? Google isn’t turning up anything for me.
1. Crazy graph format lol 2. I thought management fees were supposed to pay for comp? 3. Buying SPY wins again? 4. I don't really care about rich people getting ripped off, but I wonder if any of my money leaks into these funds
Many institutions and HNW and UHNW individuals prioritize consistency over absolute growth. They would rather make 6-8% a year and reduce downside risk than optimize for gains. Multi-strat funds like this one are catering to people who want that product.
[0] - https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&d...
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1. Crazy graph format lol 2. I thought management fees were supposed to pay for comp? 3. Buying SPY wins again? 4. I don't really care about rich people getting ripped off, but I wonder if any of my money leaks into these funds
Surely there isn't a shortage of competition? Does everyone just want in on the big names?
Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the Consumer Finance Protection Bureau?
As someone who has worked in the industry: hedge funds are certainly parasites on our society, who make money not from wealthy clients (as is widely thought) but by managing government money through the social security system, union pension funds, college endowments, and sovereign wealth funds. They are a tool to redistribute billions of dollars of ordinary people's money into the pockets of an 'in-group' that then u…
Surely there isn't a shortage of competition? Does everyone just want in on the big names?
Either that or they've switched business model to mostly making money on the management fee. It's easier to grow the assets than the returns.
[0] If you can get money into one of the top multi-managers, in peacetime you are basically looking at somewhere between a nice and very good return every year. Where peacetime could well include a big bear market in stocks e.g. Millennium made 35% in 2022 despite a big draw down in the SP500.
This of course isn't magic, illiquidity, big spikes in (say) funding costs, or just foolishness can still kill them.
Earlier quoted context omitted.
Does this graph format have a name? Google isn’t turning up anything for me.
Resembles an unhelpfully simple https://www.amcharts.com/voronoi-treemap/