Partner at @StepStoneGroup Hunter Somerville says a "long overdue" reckoning is coming for SPVs: "It's almost criminal how bad it is." "The most egregious part of the entire continuum is SPVs." "Even separate from the funds, it's the insane 4-10% management fees they're charging, and syndicating out to the long tail of investors that are out there." "They're opaque, they're multilayered, people don't even know what shares they own underneath it... There will be a reckoning and lessons learned, and I think it's well overdue." ▻
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Partner at @StepStoneGroup Hunter Somerville says a "long overdue" reckoning is coming for SPVs: "It's almost criminal how bad it is." "The most egregious part of the entire continuum is SPVs." "Even separate from the funds, it's the insane 4-10% management f
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Latest documented BWB result
$APP market result
I Sold the $APP $310 Puts for Friday for $3 - been selling Puts on $APP every week with that hard floor of $300 and the high premium
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