pauln meinte am 2. May, 23:05:
Careful, Michael, HedgeFundGuy's repuation is at stake... j/k
HedgeFundGuy antwortete am 3. May, 00:11:
I can maintain the prior that my alpha is >0 for a couple decades before anyone can prove me wrong at the 5% level, even if my alpha=0! But then there's the fund convention to get the boot if you lose money over a calendar year. I need to work for a statistician.
Mahalanobis antwortete am 3. May, 00:56:
I was talking about benchmark-huggers.
There is a non-linear relationship between the portfolio returns and the index returns in the hedge fund case, probably best approximated by a quadratic function. Hedge funds an negative returns... who told you such things? Somebody from the private equity industry? ;-D
