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Why are all the best performing funds closed to new investment? Good strategies have limited capacity. The more capital you have, the dumber you have to be with
by closeparen 7y ago
Why are all the best performing funds closed to new investment? Good strategies have limited capacity. The more capital you have, the dumber you have to be with it.
Otherwise we'd invest the whole economy in the Medallion Fund and go home.
- rapsey 7y agoBecause when you are too big, you start changing the market conditions with your investments. This makes investing harder since the ground starts moving under you that much more.