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That is (more or less) what hedge fund managers do.
by harryh 8y ago
That is (more or less) what hedge fund managers do.
- hn_throwaway_99 8y agoI know they are organized as partnerships, but the managers don't really have any equity rights to the committed capital, only the profits. But I guess that's really no different than an investor with preference rights in a startup. In any case, thanks very much for your explanations, really helped me think about the issue in a different way.
- harryh 8y agoHappy to help out! In any case, as I stated elsewhere(1), I'm actually not sure what I believe on this topic. I can really see it both ways. 1. https://news.ycombinator.com/item?id=17276214 https://news.ycombinator.com/item?id=17276214