Bad coffee and a red Ferrari: Here are some of the ‘red flags’ at new hedge funds

(Business Insider) A group of hedge fund allocators revealed the biggest “red flags” that stop them from placing money with an emerging manager at the Absolute Return Symposium in New York on Wednesday.One thing to look out for is the classic “red Ferrari syndrome.” In other words, the emerging manager who goes out and buys a fancy sports car right off the bat is someone you probably want to avoid.

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