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New Stock ETFs Offering ‘100%’ Downside Protection Are Coming
I did not add to MAXJ after the starting position when it occurred to me that subsequent share creation when equity prospects are lower can lower the final outcomes for earlier investors. The manager has no incentive to protect earlier investors. He would only be interested in increasing AUM. Are there any guardrails against this agency issue?
"The trend to attract doctors, lawyers, business owners — or anyone with seven- or eight-figure fortunes — has been gaining velocity as the usual hedge fund clientele of big institutions and the ultra-wealthy become more reticent."
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https://www.bloomberg.com/news/articles/2024-12-10/hedge-funds-chase-dumb-money-by-targeting-mini-millionaires
"The trend to attract doctors, lawyers, business owners — or anyone with seven- or eight-figure fortunes — has been gaining velocity as the usual hedge fund clientele of big institutions and the ultra-wealthy become more reticent."
https://finance.yahoo.com/news/uconn-endowment-abandoning-hedge-funds-123026517.html