For those who have access to your fund's performance at fundamental L/S SMs, what's the max peak-to-trough drawdowns you've seen? Thinking of a typical 30-50% net but concentrated setup, would mid-teens/low-20s be the right range? Obviously aware that TGM/LP etc drew down much more than this but want to exclude private markdowns and anecdotally seems like they were much more levered long than average.
| +24 | James Fishback | 9 | 5h |
| +21 | Future of L/S | 5 | 3d |
| +17 | Latest blow up / wind down | 25 | 2d |
| +12 | Looking for Fund to Partner With - LMM Activist | 4 | 15h |
| +10 | SM L/S Compensation? | 3 | 17h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 1d |
| +9 | How to prep for credit HF? | 4 | 1d |
| +9 | Moving from credit to equity? | 3 | 4d |
| +4 | Jensen Huang | 1 | 10h |
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