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Your hedge fund manager can also knowingly give bad info to improve the actual portfolio they are or agenda they are running. Yes, that's technically fraud/mar
by salawat 5y ago
Your hedge fund manager can also knowingly give bad info to improve the actual portfolio they are or agenda they are running.
Yes, that's technically fraud/market manipulation. That@s why most hedge fund managers won@t give financial advice until after they've been paid, and are, at best, either selling the money management angle with all the right regulatory and compliance check marks ticked, or they're selling you fast access to market actors + quantitative fiscal analysis results.
Either way, I wouldn't advise necessarily blindly taking one's advice. Just because you "do it as your job" doesn't mean you're necessarily terribly good at it. Never mind the whole "completely punting on your own responsibility as a capital allocator" thing.
Remember, everybody punting to hedge funds and such is the reason the economy overtime has trended toward centralization. Once everybody knows the guy managing everyone else's money, it's only a matter of time til the information engineering starts.