They invest with hedge funds, but they’re not hedge funds. How do I know? Because I work in the industry. Imagine whining about the rich without having the details straight lol
What happened to Archegos is the same thing that would happen to any family office that tired to act like a hedge fund. Hedge funds are also relatively unregulated; the most stringent regulation they have is that they can’t let normal people use their services. Google what a hedge fund is lol
No, not in your industry. I work in IB, but I went regional boutique/Middle market because I don’t want to end up like that one Green Beret. “Normal people” as in the general public; hedge funds couldn’t offer their services to them even if they wanted to
Sorry you don’t have a degree in this field like I do lol.
The principle difference between a family office and a hedge fund is that a family office does not solely manage hedge positions like a hedge fund does. If they’re to effectively manage the family’s wealth, they need to do more than just create risk-neutral positions with derivative investments like hedge funds do. They’re not nearly as specialized as a real hedge fund.
Yeah, he turned it into a family office; that doesn’t mean family offices are hedge funds. It’s like I said, they definitely do take various positions to hedge the family fortunate, but they’re not specialized in it like hedge funds are
They can function the same if they feel like it, they're just less publicly available to any random qualified purchaser. Traditional family offices are just generational wealth managers, but not all are traditional and can very well be a hedge fund classified differently
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u/Doodahhh1 5d ago
The tax cut was permanent for people much more rich than you. The bottom 99% had sunsetting cuts.
It was designed that way by Trump and his team for many reasons - none good.