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George Aliferis, CAIA's avatar

Brilliant piece. I'm still puzzled about the way capital pods are closed after small losses. I understand that capital can be moved but the closure could create incentives to go mild... (So you can keep playing)

And isnt that also against the idea of managing a portfolio of different strategies?

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Drago Indjic's avatar

Continuing discussion along the control/economics/governance would be interesting. In any case, this is a great read for my students next academic year!

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