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Joe D.I don't think the personalities would allow it to work.
Rare Cards can be very very very illiquid and are controlled by card nuts like us.
I could only imagine the frustration of card-hedge-fund manager trying to deal with some real collectors to fill the hedge fund portfolio. Can you imagine trying to wrangle (1 of 1s) from collectors and having people to answer to?
those situations make for funny sit-com television.
so - for card hedge funds... I think the rare card market is not where success would be found.
maybe the semi-rare market.