Re:Tiger Global, hit by $17B in hedge fund losses, has nearl...
by sooheon on Wednesday May 11, 2022 @01:34AM
(#31336162)
Millions? You mean billions.
You know your incentive structure is wrong (and people will never learn) when hedge funds don't actually hedge (their long/short fund fell the same as their long only fund), instead essentially gambling your money for you, taking 2 & 20 off the top for their trouble, while you eat 100% of the losses.
You know your incentive structure is wrong (and people will never learn) when hedge funds don't actually hedge (their long/short fund fell the same as their long only fund), instead essentially gambling your money for you, taking 2 & 20 off the top for their trouble, while you eat 100% of the losses.