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A comment on AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains. Parent comment

Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by JumpCrisscross on Wednesday February 03, 2021 @01:14PM (#26016983)
> The Ontario Teachers Pension Plan, who was holding GME, is one of the largest hedge funds in existence, worth over 200 billion dollars

OTPP is a pension fund. Hedge funds are a different beast.

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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by donarb on Wednesday February 03, 2021 @01:21PM (#26017085)
They may be a pension fund, but they do use hedge funds to balance their portfolio.

https://www.otpp.com/investments/performance/investment-stra...

"Additionally, we complement our efforts by using external hedge fund managers, which gives us access to unique approaches that both add performance and diversify risk."

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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by JumpCrisscross on Wednesday February 03, 2021 @02:14PM (#26017809)
> they do use hedge funds to balance their portfolio

OTPP invest in hedge funds. But they aren't one themselves. Hedge funds are a specific creature. Legally. And in terms of how they trade.

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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by gowld on Wednesday February 03, 2021 @01:17PM (#26017035)
Hedge fund isn't a technical term, despite having "hedge" in the name. It just means an actively managed fund that anyone finds interesting in some way.
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Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains by tptacek on Wednesday February 03, 2021 @01:38PM (#26017328)
Hedge funds generally have LPs, which they recruit. You can theoretically buy into a hedge fund. You can't buy into a pension fund directly. The incentive structures are different.
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