[ITB]

If a hedge fund returns a bit under SP500 on average but is more predictable and always has a positive return, it will definitely be desirable.

[JackFr]

You can trivially create that with a portfolio split between T-bills and the S&P.

[bluedevil2k]

> always has a positive return

Not possible. Even the greatest mutual fund manager in the history of the world, Warren Buffet, has beat the market only 39 out of 58 years.

[renewiltord]

Well, it's close to possible since Rentec did it for decades.

[phyalow]

Lookup TGS Management, there are many others out there…

[CPLX]

Even if it’s not predictable and is occasionally negative it’s still really valuable if it’s totally uncorrelated.