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A Hedge Fund Offers To Share The Risk Of Losses

by bloomberg.com posted 1week ago 23 views
Most funds take a cut of profits, but Steve Diggle says traders should bear the pain of declines as well. Steve Diggle got rich by trading other people’s money. Now he’s trying to upend the very business model that made him wealthy. Once co-head of a $5 billion hedge fund that was among Asia’s largest, Diggle quit the industry eight years ago to manage his own money.

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