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by stanford_labrat
766 days ago
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even small funds, this was the investment thesis at the hedgefund that my dad worked for circa 2006-2008. they promised super dampened volatility but, as you might guess, they went belly up during the great recession. The cause? Someone, somewhere in their financial product chain was not being faithful about the volatility of the asset they were basing their whole model on so when the market went tits up they did to. |
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