Pinned
Dynamicmoats
6,658 posts
Dynamicmoats
@DynamicMoats
Allocator of things to allocate. Views are my own. Not investment advice. DOW IS AT 50,000
San Francisco, CA
Joined November 2012
- Collateralized fund obligations: CDOs but with stakes in PE owned companies as the underlying
- Co-founder of Cambridge Associates saying the quiet parts out loud "Claims of lower volatility for PE funds are not what they seem" "Buyouts net of fees and leverage have not outperformed public markets"
- “No alpha in large caps” GE + GEV + GEHC have a combined cap of ~425B today GE as a whole in Q4 22 had a market cap of ~40B Generational returns in industrials, large cap, special sit etc etc etc H/t @IdleLightkeeper
- Citadel/MLP/Point72/a select few are the LVMH/Chanel/Hermes of the MM HF industry that can potentially still deliver value to LPs despite flexing pricing power with higher passthrough fees The rest trying to flex pricing power might end up like Michael Kors and Burberry
