Deep Dive into Hedge Funds (Capital Allocators, EP.34)
Capital Allocators – Inside the Institutional Investment Industry
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The Paradox of Skill
Troy Storozynski: It seems to me like if you were just an alien landing on the planet, like a recipe for disaster. He says we've got lower and lower relative skill that costs more and more because of these industry dynamics. We're paying, we're paying more for a lower probability of achieving the thing that we think of hedge funds as delivering, he says. Steyer: Is there a scenario where this whole kind of hedge fund world just comes crashing down? Maybe it started already.
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