Andrew Beer on the Hedge Fund Industry (Podcast)
Masters in Business
00:00
The Second Holy Grail of Hedge Funds
The first holy grail of hedge funds back in the mid 2000s was what I described can you find Seth Karmen in 1982 when he's just hired to build and run Bellpost. The second holy grail was was we like the diversification benefits of the broad of the industry broadly but god it's frustrating to pay these high fees. If this had been embraced by institutional investors back in in 2000s they would have saved hundreds of billions of dollars in fees over the next decade.
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