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I've been beating the market for a few years now (not 600% annualized of course). It's harder to find capital than you think it is. But, then again, I guess you're right. In order to consistently beat the market I've focused on beating the market and not trying to raise funds, so maybe that's why I've been able to do it. Kind of a catch-22.

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Yeah it really depends on the asset class. A buddy of mine runs a small LS equity fund and it's been hard for him to grow his aum, even though he's been producing at least 5% alpha annualized for over 5 years.

On the other end of the spectrum is crypto, in which it is frighteningly easy to raise >10 figures at the snap of your fingers.

The 600% annualized is an important part of that: if you started with $1000 you'd need only four years to hit a million. Four more and it's a billion.

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