private drawdown funds
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Nov 17, 2025 by David Lyon · across every show →
Everything said about private drawdown funds, oldest first
Nov 17, 2025 negative
Lyon: Risk managers are entirely useless in private drawdown funds
“I used to laugh whenever a drawdown private fund has a risk manager. I'm like, well, what does that person do? Because you don't hold cash. You don't hedge. Are they on your investment committee telling you what not to do? Because all of your risk comes from s…”