Marc Rubinstein of Net Interest: Fascinating Financials
Frederik's Labyrinth
What's Your Take on the a Call of the Alternative?
You've written about the a call of the alternative. Acid managers write that if they've outgrown their private equity roots to some extent, like when t b g came public. It struck me how much that business had changed from what used to be sort of small teams incentivized by carry and trying to kind of generate the highest returns on the small capital pools that they invested several decades ago. Where the incentive clearly is a to grow. And i would think people like reading stories about, well, maybe not. But t certainly some kind of power dynamic within within a story.
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