Note on Money Stuff: CoinDeal’s Bentleys Weren’t Real via Matt Levine
In conditions of uncertainty, you might be tempted to use a low mark to reward your loyal investors. If you run a hedge fund, the main temptation is to report better performance.
Reference
- Notes
- risk, probability, performance, finance
- Money Stuff: CoinDeal’s Bentleys Weren’t Real
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