How Do Performance Metrics Correlate? Might Fund Managers Cherry-Pick?
Portfolio managers report their risk-adjusted performance using Sharpe, Treynor, information, and Sortino…
Do the Best Equity Fund Managers Follow the Bond Market?
There is an old adage on Wall Street: To succeed as an…
“Round-Tripping” Stocks and the Absurdity of Hedge Fund Fees
Hedge fund performance fees, I believe, are a rip-off for clients. Few…
