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He may have raised funds 20 years ago and over 20 years delivered good returns. Also, underperforming S&P is not necessarily the right metric - as part of an o
by vasilipupkin 9y ago
He may have raised funds 20 years ago and over 20 years delivered good returns. Also, underperforming S&P is not necessarily the right metric - as part of an overall portfolio that includes S&P, his funds may provide diversification benefits.
To answer the question as to why can't random joe raise that money - the answer is, raising money is harder than you think.
- Luc 9y agoIt's not my area of expertise, but I believe it's perhaps easier to raise money now than at any time in the past. Somewhere in this video, David Einhorn talks about this in response to a question from the public: https://www.youtube.com/watch?v=Qvz5LS9pIjs https://www.youtube.com/watch?v=Qvz5LS9pIjs Apparantly there's match making events set up by banks, to introduce money managers to investors.
- aaavl2821 9y agoIt's a really hard time for long short hedge funds actually. There was a Bloomberg article a few months ago saying that the number of new l/s funds is the lowest it's been in years