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A comment on Hedge Fund Math: Heads We Win, Tails You Lose. Parent comment

Re:Hedge Fund Math: Heads We Win, Tails You Lose by Dylan16807 on Friday December 23, 2016 @05:18PM (#13247506)
That applies if people leave their money in the fund forever. If some of that cycles then there are no high water marks on the new money.
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