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So apart from the first 6, they did as the DOW or less, which is not so impressive. Or is it?
by pfortuny 12y ago
So apart from the first 6, they did as the DOW or less, which is not so impressive. Or is it?
- valdiorn 12y agodepends on the sharpe ratio. You can flip a coin every year. Heads; double your money, tails; lose your bet. You can easily win 3 years in a row (12.5% chance), but getting 800% return on that risk is literally worthless in the long run, as the chance of winning or losing is equal.
- pfortuny 12y agoWhat I meant is... Those 'huge benefits of algorithmic hedge funds' depend on the number of algorithmic hedge funds: if there are enough of them, you will probably get some with outstanding results every year, won't you?