3 ms·
Loosing billions still hurts a lot I would guess.
by risyachka 6y ago
Loosing billions still hurts a lot I would guess.
- shin_lao 6y agoIt's not their money, it's the money from LPs who invested in the fund.
- yellowstuff 6y agoIf you know the term LPs you should know the typically senior management at hedge funds have a significant portion of their net worth invested in their own funds.
- 52-6F-62 6y agoThe fund and it's investors may lose a lot. The people running the fund will not. But it's important to remember that it's a matter of scale here. Billions is a lot to a midwestern retail worker who put half his rent check into a volatile stock. It's not a lot to large groups of already-wealthy investors who have a portion of their portfolio invested with this one fund.