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This makes complete sense. The Investor is paying extra for more liquidity (they can withdraw from HF probably at least once a year, whereas VC only returns the

by tomp 10y ago

This makes complete sense. The Investor is paying extra for more liquidity (they can withdraw from HF probably at least once a year, whereas VC only returns the money after 5 years).

JumpCrisscross 10y ago
> The Investor [sic] is paying extra for more liquidity I'd be curious to see if hedge funds with stricter redemption terms calculate profits on distribution only. In my experience, that has not been the case.