Sports as an Alternate Asset Class

Based on his experience running a baseball-centric hedge fund in Las Vegas in 2012, Joe’s presentation centers on the ease with which he raised money from sophisticated investors who were drawn to the fund, not because it provided an element of entertainment but because the fund provided an investment uncorrelated to other holdings, albeit with a similar risk profile.  Joe believes that if Las Vegas would embrace some structural changes in how they do business – in short, adopting some Wall Street best practices – the sports analytics industry could penetrate and create a niche in the trillion-dollar asset management business in the U.S.

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