Hedge Fund News From HedgeCo.Net

It’s Better to Be Rich Than Right

July 6, 2018 : Permanent Link

(Bloomberg) One apparently out-of-consensus view that I have is that, while most people seem to think that the essential skill of a hedge fund manager is identifying investments that will have high returns, I think that the essential skill of a hedge fund manager is continuing to run a large hedge fund that pays you a lot of money. Obviously those skills overlap, and the most straightforward way to keep your clients is to keep making money for them. But they are conceptually distinct.

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