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This may seem like a really dumb question, but how is this different than just buying bitcoins as an investment? I don't understand what a hedge fund is. If I
by nextstep 14y ago
This may seem like a really dumb question, but how is this different than just buying bitcoins as an investment? I don't understand what a hedge fund is. If I choose to invest in bitcoin, why would I want to be forced to buy $100,000 and then $10,000 per year?
- patrickk 14y agoI'd really love an answer to this too. Especially if you've only got small amounts to invest. What exactly does the management fee buy you?
- damoncali 14y agoA "hedge fund" is nothing more than a legal structure for private investment, usually with the familiar 2/20 fee structure we see with VC's (or something similar). That is all it is. A way to pool the money of limited partners under the control of investment manager(s). A smart guy once told me "a hedge fund isn't an asset class, it's a fee structure". That said, I have no idea what these guys are up to.