Paul N (guest) meinte am 2. Aug, 04:13:
Leveraged bets on anything run the same risks, presumably people who dump money into hedge funds understand this. Can I be a hedge fund manager too, I'll buy $100M of options that have a 80% chance of a 25% return and a 20% chance of going bust, chances are that after a few years my record will look pretty awesome and the money will be flowing in like gangbusters, if I go bust no big deal. You can also give me money to play blackjack or roulette for you with the same risk/reward profile, my fee is very small.
Eric Falkenstein antwortete am 2. Aug, 17:20:
Well, stated like that it won't sell. But if you worked at JPMorgan for 10 years, and recently started a hedge fund that sells out-of-the-money puts (eg, leveraging HY bonds!), you have 3 years of profits, a bunch of hand waving about the portfolio strategy, and probably a lot of investors.
