|
|
|
|
|
|
by Simon_says
2745 days ago
|
|
|
Probably he was thinking that there was small chance that the hedge funds would outperform the S&P, and in that case, it'd be a hell of a PR move, which he could leverage to get more AUM. From a game-theoretic point of view, it's possible the bet had a positive expected value for him even if he knew he'd likely lose. |
|
|