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hedge funds on average underperform big bulls and outperform big bears. sharpe ratios matter. maybe mass fund closures signal something more interesting than
by lintiness 11y ago
hedge funds on average underperform big bulls and outperform big bears. sharpe ratios matter. maybe mass fund closures signal something more interesting than that calpers is run by geniuses (hint: they aren't).
- snowwrestler 11y agoIt will be interesting to see how Warren Buffett's long bet comes out. Just a couple more years: http://longbets.org/362/ http://longbets.org/362/
- JamesBarney 11y agoI'm really curious in this. Would you mind linking me to some papers that compare hedge funds risk adjusted returns versus the index funds, or the market?