Ep 89: Kenny Arnott - Asymmetric Investing
Inside the Rope with David Clark
00:00
The Disadvantages of Investing in Hedge Funds
David Clark: It was a tricky time back then and we were you know it's actually worth telling this story. We were under a lot of pressure from our investors what we were going to do about gates right so I wrote an open letter to all our investors and said we're not going to implement a gate. In the next redemption cycle we had redemptions of about 45% of the fund but they needed that as everyone was getting hit on their other assets. So if you're in a liquid strategy people need to get moneyWe were like the ATM so they took it outSo look I decided to sort of reflect on the business and actually went back and did a by oh man was
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