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I would also add a condition that the person running the hedge fund has a large portion of his own personal wealth tied up in the fund. Skin in the game is prob

by bko 12y ago

I would also add a condition that the person running the hedge fund has a large portion of his own personal wealth tied up in the fund. Skin in the game is probably the best kind risk management.

eru 12y ago
Not necessarily. People are often overly optimistic.