Platform Investment Risks
Adam highlights the challenges of investing in platforms, emphasizing high leverage, opaque fees, and the leap of faith required from investors. He warns that mediocre platforms could trigger broader market issues if forced to deleverage, despite some platforms having strong performance records. Craig adds that survivorship bias skews perceptions, noting that many once-prominent multi-strategy managers have ultimately failed.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318)
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