Hi Kin Lian,
I've read your articles on hedge funds. I agree with them. Many of them take excessive risks to register profits for their funds. When these fund managers make a huge profit, they do get rewarded handsomely with a big bonus.
However during years when they make huge losses(they usually do), their clients bear the brunt of these loses. Fund managers never have to give back their bonuses. They may or may not be fired. If they are fired, they can go to another fund and advertise themselves as making millions years ago.
These fund managers probably do not have to declare to their new employers their huge loss. This is due to the secrecy of many hedge funds.
I've read your articles on hedge funds. I agree with them. Many of them take excessive risks to register profits for their funds. When these fund managers make a huge profit, they do get rewarded handsomely with a big bonus.
However during years when they make huge losses(they usually do), their clients bear the brunt of these loses. Fund managers never have to give back their bonuses. They may or may not be fired. If they are fired, they can go to another fund and advertise themselves as making millions years ago.
These fund managers probably do not have to declare to their new employers their huge loss. This is due to the secrecy of many hedge funds.
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