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The outsize quant returns are to be viewed with a grain of salt: The strategies that quant funds run are often capacity-constrained, so if they do 20-40% a yea
by tdullien 3y ago
The outsize quant returns are to be viewed with a grain of salt:
The strategies that quant funds run are often capacity-constrained, so if they do 20-40% a year, it is non-compounding. That matters.