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While this sounds good in theory, this encourages high-risk investments, that either pay-off enormously or lose everything.
by evandijk70 12y ago
While this sounds good in theory, this encourages high-risk investments, that either pay-off enormously or lose everything.
- ethbro 12y agoThe point of parent is that there would be a discount to the fees based on underperforming the benchmark average. Followed to conclusion: a big enough loss = fees become negative and the hedge fund actually pays.