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The selling point is not absolute return, but uncorrelated return. If that is really the case, is a different story ...
by zmachinaz 4y ago
The selling point is not absolute return, but uncorrelated return. If that is really the case, is a different story ...
- DennisP 4y agoHedge funds are supposed to be uncorrelated, but I don't think many long-only equity funds make that claim. They just count it a win if they do better than the market (which often happens, but seldom continues). Then there are the financial advisors. Last time I talked to one, the selling point was nothing but "trust us, we have a team of Ph.Ds."