4 ms·
First I'm hearing of this "Universa... posted a 105% life-to-date average annual return on invested capital between January 1, 2008, and December 31, 2019."
by thedudeabides5 3y ago
First I'm hearing of this
"Universa... posted a 105% life-to-date average annual return on invested capital between January 1, 2008, and December 31, 2019."
- mamonster 3y agoThis sounds super sketchy. Return on invested capital is not an accepted hedge fund performance metric, and the idea that a tail hedge fund could make 105% a year on average is ridiculous. This is why Spitznagel(but even more so Taleb, Universa's "scientific advisor") are considered clowns in tail risk and quant hedge fund space, huge amount of publicity but no public audited figures to back the claims up.