Pommygranate blogs on hedge funds-In order to keep the client money rolling in, hedge funds have to show to the world that they really do make outsized returns. Hence these ever ingenious folk have come up with a unique concept - 'survivor bias'. This means that the HF Indices showing overall returns exclude those HFs that have gone bust (about 1 in 5 each year) so blostering the average returns. Neat, huh?His other Ten Things You Should Know About Hedge Funds.
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