ABSURDISTBANKER: Last year, I built a fund that invested solely in a hedge fund, but it leveraged 2X to do it - so it was a leveraged vehicle to enhance returns on a leveraged equity long/short hedge fund MOE:: oh god a SINGLE hedge fund? ABSURDISTBANKER: Yes MOE: That is fucking nuts. Not even a "fund of funds." A fund of fund. A truly innovative investment strategy. ABSURDISTBANKER: I remember saying to the product team that designed it "People who buy this are insane"