Having been a hedge fund manager and supporter of EA for many years I think this is really good write up including legal and practical considerations. I think there is no easy solution except working hard to diversify the donor base, and perhaps for EA orgs not to take on even more correlated risks unless there are very good reasons to do so.
Having been a hedge fund manager and supporter of EA for many years I think this is really good write up including legal and practical considerations. I think there is no easy solution except working hard to diversify the donor base, and perhaps for EA orgs not to take on even more correlated risks unless there are very good reasons to do so.