KKR, Alaskans Only Interested In Investing In The Things You *Really* Think Will Make Money
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KKR’s in-house fund of hedge funds has been doing some thinking. It figures that the job of the hedge fund manager is to make lots of money, and the way to do that is to invest in things that he or she thinks will make lots of money. And it stands to reason that, given those premises, the smart hedge fund manager will invest more in things that he or she thinks will make more money than other things that he or she thinks will make money. Therefore, if you have a good hedge fund manager—and Prisma Capital Management has $10 billion that says it’s pretty good at picking a hedge fund manager—and you invest a bunch of extra money in those manager’s “best ideas,” this should make one a very great deal of money. This is the kind of radical thinking that gets the Alaska Retirement Management Board to consider giving you another $100 million…
KKR, Alaskans Only Interested In Investing In The Things You *Really* Think Will Make Money
