what was LTCM’s strategy and how were they exploiting mis pricing?
LTCM guys formed another fund only to fail again
Ackmans funds look at up on your BBG terminals is now at almost flat 1.7% since end of 2017 ITD after his spectacular $4B loss on Valeant. Wonder what the gain is for SP500 in that same time frame? The total return with dividends… Genius indeed on keeping his investors still on board…
Yeah ride out the wave for a few years and get wiped out. Those few years still underperform but no one cares. Then when you collapse, well you got your millions or billions already.