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A few do, RenCap is a good example, though good luck getting your money into them. Most don't, Most measure themselves against an index and then mark their P/
by chollida1 14y ago
A few do, RenCap is a good example, though good luck getting your money into them.
Most don't, Most measure themselves against an index and then mark their P/L accordingly, ie if your index is the Nasdaq and you return -10% in 2001 then you did really well, you just didn't get a bonus:)