confession: I don’t get how some of these funds that continually underperform still have any AUM. your performance is like negative double digits over 10 years, how does anyone still believe in you???
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Ugh s/shorty/shitty
Cannot emphasise how much investor constraints/biases lead to terrible allocation decisions. My favourite is an allocator who begged us to restructure a fund in a way which would have lead them to pay us ~5% of aum in fees because it looked better for them personally