Quote:
Originally Posted by The North One
It doesn't matter, they own and control the most assets, they control companies. Those are the big three in the US.
Call them whatever you want.
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You're not winning anyone over here by presenting mutual fund management and hedge fund management as basically the same thing.
I'd like to hear your logic on how State Street, via index fund management, "controls companies." Mutual funds are long-game, low-risk by design. There's a pretty good chance any private or public pension you're part of is mostly weighted towards mutual funds. The entire Massachusetts Employees' State Retirement System, for example. It's in mutual fund managements' best interests to cultivate stable, steady, predictable returns over as long a time period as possible.
State Street isn't Elliott Management or run by Carl Icahn.
Actual hedge funds like Renaissance or Citadel? Sure, they fuck stuff up for everyone else by hyper-aggressively chasing the shortest of short-term gains, consequences for the invested entity be damned.