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value:

text:

"Indeed, but it's not just the failure to (accurately) mark to market, it's the fact that performance is calculated based on when the money is invested not committed, so ignoring the long periods when it's sat on the sidelines earning cash returns. 

Smoke & mirrors."

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"app.bsky.feed.post"

langs:

• "en"

reply:

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createdAt:

"2024-09-19T08:45:38.448Z"