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by giraffe_lady
981 days ago
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They nearly matched the market in a good year, and beat it very well in a bad one. Hard to say for 2019 since the quote switches to comparing them to "hedge fund peers" instead of the broader market. As someone else is pointing out that's very close to the intended behavior of hedge funds. Entities with money in hedge funds also have money in indexes. They aren't necessarily looking for just "the market, but more" they want uncorrelated behavior to hedge their exposure. |
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