2 ms·
Isn't the purpose of a hedge fund to reduce the total variance in investors' portfolios? Shouldn't they be evaluated by non-correlation rather than comparative
by prodigal_erik 16y ago
Isn't the purpose of a hedge fund to reduce the total variance in investors' portfolios? Shouldn't they be evaluated by non-correlation rather than comparative returns?
- nickbp 16y agoThese days it's just a label which allows them to largely avoid the SEC.