Compliance Credit Risk Math Valuation 
Barry Ritholtz
AUGUST 15, 2023
Let me say what your compliance wouldn’t allow you to say. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. What’s the valuation? And at the time, I was managing Protege Partners as a hedge fund of funds.
Barry Ritholtz
FEBRUARY 13, 2023
But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off?
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