the.com/hedge funds
Rich people's mutual funds, minus the rules, plus the audacity.
means Pooled investment vehicles for wealthy clients that chase outsized returns using leverage, shorting, and strategies mutual funds legally can't touch.
from Coined in 1949 by Alfred Winslow Jones, who bought stocks he liked and shorted ones he didn't to hedge against market swings; the hedging got forgotten, the fees stayed.
2 and 20classic fee: 2% assets, 20% of profits
lockups existyour money can be trapped for years
most underperformthe S&P 500 beats most of them long-term
minimum entryoften requires millions just to invest