Getting Paid to Lose

For nearly a decade, venture capital firms and hedge funds have delivered poor returns to investors, while making their general partners rich. Is this sustainable? How are things likely to change? What does this imply for the investors, fund managers, and others? We’ll provide the answers you need.

Venture capital firms and hedge fund managers are highly compensated by investors who expect better returns than they could get from the market. As long as those investments beat the market, the high costs seem j.....

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