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Topic | Stock Topic 14 |
red sox 777 01/25/21 2:30:16 PM #338: | Hedge fund compensation has something to do with this I think. A hedge fund manager usually gets paid each year, 2% of assets under management and 20% of profits over some benchmark. But they don't receive negative income if the fund loses money or even if it suffers a 100% loss. It's in the manager's interest to take aggressive risks because he participates heavily in the gains but not as much in the losses. I doubt many of the fund managers would be willing to short GME if it was for their personal account. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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