Beating the average HF return by picking managers is probably just as hard as beating the market picking stocks. I suspect you have to be a top-notch investor to really be able to recognize the best investors.
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Replying to @catapultcap @ShitFund
Picking managers is not that difficult (easier than picking stocks IMO). Getting capacity in the good ones is the hard part!
6:12 AM - 15 Feb 2021
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