[ad_1]
Confined to their desks amid the global pandemic, former Citadel traders Niall O’Keeffe and Tio Charbaghi have been making the rounds of video calls to entice investors for their new hedge fund.
It should have been a tough sell. The price to pay was high for a fledgling fund – a 20% cut in profits on top of the hefty 2% annual fee. The investment style, betting on bullish and bearish stocks, was no longer in fashion with investors. The pitch was uncompromising: take it or leave it.
[ad_2]
Source link