exactly. then you close down. then you reopen with the some of the original fools and some new investors/fools who believe that they are joining some elite private club.
The Liquidations Begin: Three Hedge Funds Shut Down After Summer Rout
- Thread starter Banjo
- Start date
Nowadays there are very few such investors. The great bulk of hf assets are via professional allocators who perform thorough due dil before investing. You're 20 years behind the times.
I wouldn't invest your money based upon the "due diligence" done by "professional" allocators.
don't kid yourself. professional allocators will tell their clients that they are uniquely able to get them into certain superior hedge funds
And they often are. Even i know one of those guys
Very true. Today's latest money raising angle is "Family Offices"
Yes, a lot of know-nothings think hf investors are primarily high-net-worth individuals who invest based on tip from a friend, a la Madoff's investor base. Those days are gone.
The world forever changed. after the Fall 2008 market meltdown.
(i miss those crazy high-flying Bush era Housing boom bubble days)
The Trader... REBORN
I wouldn't invest your money based upon the "due diligence" done by "professional" allocators.
Who would you trust?