One of their "competitive advantages":
We are not limited to looking for opportunities with positive expected returns and so can cast a broader net across the investment universe, thus extending our efficient frontier beyond what other hedge funds can offer.Here's their note to prospective investors:
If you are interested in investing... you are in luck. The elegance of our approach is we do not need the high cost of marketing or investor relations departments. Rest assured that your capital and assets will be discreetly seized on your behalf.
2 comments:
You know ... this is less "funny ha-ha" and more "funny bash-your-head-into-a-fucking-wall" ... but yeah. Awesome!
http://www.nytimes.com/2008/10/07/business/economy/07lehman.html?_r=1&hp&oref=slogin
KF
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