Another Wall Street Lie Exposed
Christopher Swann, writing for Reuters Breakingviews in the N. Y. Times, has penned an article exposing the myth of hedge fund indices returns. Earlier in the week information from Bloomberg was posted here indicating hedge funds returned over 6 percent a year over the past decade. Skepticism was in order and justified.
It turns out the actual returns of hedge funds overall may have been a mere 2 percent a year over the past 10 years as it’s estimated that survivorship bias inflates the indices returns by as much as 4 percentage points per year.
Source: Reuters Breakingviews
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