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> one set of rules for the rich and another for everyone else The rich (LPs) aren't the ones getting carry, it's the GPs who get carry.
by Alex3917 8y ago
> one set of rules for the rich and another for everyone else
The rich (LPs) aren't the ones getting carry, it's the GPs who get carry.
- hn_throwaway_99 8y agoMany hedge fund managers are plenty rich, oftentimes orders of magnitude more than some of their clients.
- Alex3917 8y agoYeah and there is that one chef at Google who made $45M. But the average wealth manager has less money than the average founder, and the average founder is broke as shit.
- noobermin 8y agoThere are people much more broke than the average founder but they don't get wealth manager's or founder's standard of life.