Hedge Funds Face Reckoning as Hot Bet Melts Down

The video discusses Dan Sundheim's deal with JP Morgan and D1 Capital's use of private company stakes as collateral. It highlights the industry's concern over valuation changes and exposure to Silicon Valley ventures. Hedge funds' involvement in venture capital is explored, noting challenges due to market volatility and liquidity issues. The video also addresses criticism of hedge funds and the concept of volatility laundering, where illiquidity is perceived as less volatile.

What is the impact of rising interest rates on hedge funds and their valuations?

What does the term 'volatility laundering' refer to in the context of hedge funds?