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It's wrong to conflate largeness with richness. John Simon's personal $1B fund is far more rich than a 10000-member $100B pension fund.
by gowld 6y ago
It's wrong to conflate largeness with richness.
John Simon's personal $1B fund is far more rich than a 10000-member $100B pension fund.
- randomdata 6y agoA personal investor wouldn't be appropriately called a hedge fund, though. A hedge fund is, by definition, funded by a pool of investors. We are talking about hedge funds here.
- notfbi 6y agoOp was surely referring to [Jim] Simons' medallion fund and those like it - where it's closed except to family/friends, and in Simon's case fellow colleagues', personal funds, where often a single founder holds a bulk of the interest.