LPs should be sending you a thank you every month you don’t blow up
Running a hedge fund is a tough, thankless biz. We have $10bn in aum from hundreds of clients. We grind out mid-high single digit returns every year with low beta, taking a modest 3-4% fees. But lose 40% in one VIX blowout and BAM, suddenly everyone wants to redeem.
-
-
-
No one ever wakes up in the morning & thinks: “Everything about my hedge fund investment is working perfectly. Really appreciate the work the GP is doing. And, that PM, boy, is he providing exactly the returns we contracted for.” But one insider trading scandal and… look out.
- Show replies
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Not all heroes wear capes.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I mean why did they complain about the cheval blanc 1945? Have they tasted an ex chateau bottle before so they know what it “should” taste like? Thankless wine snobs.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Only large HFs should be able to invest. It seems like the individual retail investor is always acting like they are a victim.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Shorting vega/gamma is a thankless job.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I've always been curious. Are there any hedge funds or similar entities that make their investors sign like "I have zero liquidity on this for X amount of months"
-
Yup it’s called a lockup and it’s pretty common.
- Show replies
New conversation -
-
-
Quick turnaround on this one nice work
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.