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stavros
9 months ago
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Nevada’s public employee pension fund invests pass...
If I can consistently make 30%, this terrible deal will make me 20%, whereas the typical terms of management fees will make me 5%.
swexbe
9 months ago
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If you can consistently make 30%, a bank loan will make you 24%.
stavros
9 months ago
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Fair point. I don't know why BlackRock did it, then.
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