Word: convexityã
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...presence of an already proven team at Convexity helped to inspire investor confidence, even as overall investment in startup hedge funds declined by nine percent in 2006. Meyer’s faith in his team’s ability to consistently beat the odds led him to make Convexity??€™s 20 percent commission on profits—a standard percentage for hedge funds—contingent on its ability to beat various benchmarks. This risky payment plan proved very expensive for Meyer and his team this year. Analysts attribute Convexity??€™s lower performance to the fact...
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