“The only reason Alex is able to benefit from that strategy is that he has basically preferential pricing for a fund. So if those managers truly are skilled… Alex is able to benefit because he's got a lower fee than everybody else in the bucket.”

Alex Edmans · The Rational Reminder Podcast · The Madness of Markets (Alex Edmans)

Play from 1:02:42
1:02:42

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What was described

invests in a capped fund that offers preferential pricing (lower fees) to capture excess returns

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