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Hedge fund returns

http://www.barrons.com/articles/penta-top-100-hedge-funds-14...
ruddy wonderful gas station
  09/12/17
Yeah, just buy ETH.
excitant bawdyhouse
  09/12/17
hedge fund$ are a boomer $cam
soul-stirring resort new version
  09/12/17
bump exeunt
ruddy wonderful gas station
  09/12/17
bump for drake
ruddy wonderful gas station
  09/12/17
Is it true that for smaller hedge funds (100-200 mil), their...
ruddy wonderful gas station
  09/12/17
no. normally 8-15
angry vigorous rehab
  10/27/18
Are you sure?
ruddy wonderful gas station
  10/27/18
thats what i've seen
angry vigorous rehab
  10/27/18
PE funds that size often have 3-5 investments though.
angry vigorous rehab
  10/27/18
Look at some of the big funds that were 30-40% VRX in 2015/2...
mint maniacal dragon
  02/03/19
Seems odd to me that a fund could earn so much in management...
ruddy wonderful gas station
  02/03/19
Look at: www.forbes.com/sites/gurufocus/2017/07/25/sequoi...
mint maniacal dragon
  02/03/19
...
ruddy wonderful gas station
  06/25/18
...
ruddy wonderful gas station
  06/26/18
lmfao @ tiny pink 26% 3 year returns just lmfao
unholy locus
  06/26/18
...
ruddy wonderful gas station
  10/26/18
...
ruddy wonderful gas station
  10/27/18
...
ruddy wonderful gas station
  02/03/19
why do people put money in hedge funds
pea-brained idiotic coffee pot stag film
  02/03/19
Been wondering myself The whole industry seems like frau...
laughsome slippery genital piercing stock car
  02/03/19
(PE shill)
pea-brained idiotic coffee pot stag film
  02/03/19
Same reason they play slot machines. Seriously.
violent senate
  02/03/19
they should trade/invest on their own then why make some ac...
pea-brained idiotic coffee pot stag film
  02/03/19
*(((they))) rubbing hands together*
Very tactful puce generalized bond
  02/03/19
ITT: risk-adverse wagecucks
Haunting Messiness
  02/03/19
Warren Buffett says wealthy people and institutional investo...
Spruce beady-eyed fanboi
  02/03/19
Yes, I believe Warren Buffett says wealthy people and instit...
Haunting Messiness
  02/03/19
link
pea-brained idiotic coffee pot stag film
  02/03/19
Are you ppl really confused why someone worth $120m would in...
Haunting Messiness
  02/03/19
too much lingo, wtf?
ruddy wonderful gas station
  02/03/19
- Someone with that kind of money has enough market risk as ...
Haunting Messiness
  02/03/19
1. Do hedge funds diminish market risk? 2. Isn't that jus...
ruddy wonderful gas station
  02/03/19
1. No, they likely increase it. But that's just my opinion a...
Haunting Messiness
  02/03/19
1. OK whatever then, but you did raise this point, so I'm tr...
ruddy wonderful gas station
  02/03/19
Even this “demonstrable edge” stuff is bullshit ...
violent senate
  02/03/19
As a trader, edge is one of my favorite things to discuss ...
Haunting Messiness
  02/03/19
what do you know about the data inputs that algorithmic fund...
pea-brained idiotic coffee pot stag film
  02/03/19
Yes, for the most part. Of course they have insane amounts o...
Haunting Messiness
  02/03/19
it's interesting that many of the tools are available to eve...
pea-brained idiotic coffee pot stag film
  02/03/19
It's humbling but let's not underestimate how cunning they a...
Haunting Messiness
  02/03/19
And for first point, a decent ammount: have two of my own (n...
Haunting Messiness
  02/03/19
1. There's tons of online articles about Hedge Funds and 200...
Haunting Messiness
  02/03/19
To debate point #1, hedge funds were just as often a vehicle...
Mewling tripping trump supporter
  02/03/19
I would agree. I suspect that while the demand for hedging w...
Haunting Messiness
  02/03/19
Funds that have a substantial edge are generally small, youn...
Mewling tripping trump supporter
  02/03/19
Flame, no one who “built a great company” would ...
multi-colored self-absorbed deer antler
  02/03/19
How does one invest directly in T bills?
blathering center
  02/03/19
https://www.treasurydirect.gov Or SHV / VGSH
multi-colored self-absorbed deer antler
  02/03/19
Bro literally ever rich person on CNBC and Bloomberg has bee...
Haunting Messiness
  02/03/19
There've been a few mutual funds and hedge funds that beat t...
Spruce beady-eyed fanboi
  02/03/19
...
ruddy wonderful gas station
  05/20/19


Poast new message in this thread



Reply Favorite

Date: September 12th, 2017 5:56 PM
Author: ruddy wonderful gas station

http://www.barrons.com/articles/penta-top-100-hedge-funds-1497665963?tesla=y

You just have to average 8% over the last 3 years to maek it into the top 100 best performing funds? That doesn't seem hard.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195259)



Reply Favorite

Date: September 12th, 2017 5:57 PM
Author: excitant bawdyhouse

Yeah, just buy ETH.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195267)



Reply Favorite

Date: September 12th, 2017 5:58 PM
Author: soul-stirring resort new version

hedge fund$ are a boomer $cam

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195271)



Reply Favorite

Date: September 12th, 2017 6:18 PM
Author: ruddy wonderful gas station

bump exeunt

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195477)



Reply Favorite

Date: September 12th, 2017 6:03 PM
Author: ruddy wonderful gas station

bump for drake

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195329)



Reply Favorite

Date: September 12th, 2017 6:13 PM
Author: ruddy wonderful gas station

Is it true that for smaller hedge funds (100-200 mil), their portfolio is often just 3-4 stocks?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#34195425)



Reply Favorite

Date: October 27th, 2018 5:51 AM
Author: angry vigorous rehab

no. normally 8-15

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37105279)



Reply Favorite

Date: October 27th, 2018 5:54 AM
Author: ruddy wonderful gas station

Are you sure?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37105283)



Reply Favorite

Date: October 27th, 2018 5:56 AM
Author: angry vigorous rehab

thats what i've seen

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37105285)



Reply Favorite

Date: October 27th, 2018 5:56 AM
Author: angry vigorous rehab

PE funds that size often have 3-5 investments though.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37105286)



Reply Favorite

Date: February 3rd, 2019 3:55 PM
Author: mint maniacal dragon

Look at some of the big funds that were 30-40% VRX in 2015/2016. Valeant beta destroyed some good funds

EDIT: Type bets, but auto corrected to beta. Lol accurate too

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716748)



Reply Favorite

Date: February 3rd, 2019 3:57 PM
Author: ruddy wonderful gas station

Seems odd to me that a fund could earn so much in management fees for picking a few stocks.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716768)



Reply Favorite

Date: February 3rd, 2019 4:03 PM
Author: mint maniacal dragon

Look at:

www.forbes.com/sites/gurufocus/2017/07/25/sequoia-fund-climbing-back-after-valeant-saga/amp/

Tons of funds were way to over exposed to that sham stock, but Sequoia saga was public.

Left was on other side of the trade.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716810)



Reply Favorite

Date: June 25th, 2018 3:17 PM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#36307071)



Reply Favorite

Date: June 26th, 2018 9:07 AM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#36310937)



Reply Favorite

Date: June 26th, 2018 9:13 AM
Author: unholy locus

lmfao @ tiny pink 26% 3 year returns just lmfao

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#36310962)



Reply Favorite

Date: October 26th, 2018 2:36 PM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37100976)



Reply Favorite

Date: October 27th, 2018 5:47 AM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37105274)



Reply Favorite

Date: February 3rd, 2019 2:34 PM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716048)



Reply Favorite

Date: February 3rd, 2019 2:35 PM
Author: pea-brained idiotic coffee pot stag film

why do people put money in hedge funds

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716057)



Reply Favorite

Date: February 3rd, 2019 2:47 PM
Author: laughsome slippery genital piercing stock car

Been wondering myself

The whole industry seems like fraudlies

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716151)



Reply Favorite

Date: February 3rd, 2019 2:50 PM
Author: pea-brained idiotic coffee pot stag film

(PE shill)

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716191)



Reply Favorite

Date: February 3rd, 2019 3:21 PM
Author: violent senate

Same reason they play slot machines. Seriously.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716469)



Reply Favorite

Date: February 3rd, 2019 3:36 PM
Author: pea-brained idiotic coffee pot stag film

they should trade/invest on their own then

why make some ackman einhorn fuck rich from fees so he can long/short like 10 stocks max

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716576)



Reply Favorite

Date: February 3rd, 2019 2:35 PM
Author: Very tactful puce generalized bond

*(((they))) rubbing hands together*

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716060)



Reply Favorite

Date: February 3rd, 2019 2:53 PM
Author: Haunting Messiness

ITT: risk-adverse wagecucks

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716227)



Reply Favorite

Date: February 3rd, 2019 2:56 PM
Author: Spruce beady-eyed fanboi

Warren Buffett says wealthy people and institutional investors can't bring themselves to invest in an index fund, it's too prole.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716259)



Reply Favorite

Date: February 3rd, 2019 2:57 PM
Author: Haunting Messiness

Yes, I believe Warren Buffett says wealthy people and institutional investors can't bring themselves to invest in an index fund, it's too prole, too.



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716276)



Reply Favorite

Date: February 3rd, 2019 2:58 PM
Author: pea-brained idiotic coffee pot stag film

link

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716279)



Reply Favorite

Date: February 3rd, 2019 2:56 PM
Author: Haunting Messiness

Are you ppl really confused why someone worth $120m would invest in a hedge fund instead of $SPY or $VTI or whatever

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716264)



Reply Favorite

Date: February 3rd, 2019 2:57 PM
Author: ruddy wonderful gas station

too much lingo, wtf?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716274)



Reply Favorite

Date: February 3rd, 2019 3:03 PM
Author: Haunting Messiness

- Someone with that kind of money has enough market risk as it is. Why increase it?

- These are people who became rich for building and investing in great companies. Lol at telling them to TWAP into an index fund.

I hate when polisci boys talk about hedge fund performance with some stale reddit-level points.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716337)



Reply Favorite

Date: February 3rd, 2019 3:06 PM
Author: ruddy wonderful gas station

1. Do hedge funds diminish market risk?

2. Isn't that just another way of saying vanity gets in the way of rationality?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716356)



Reply Favorite

Date: February 3rd, 2019 3:14 PM
Author: Haunting Messiness

1. No, they likely increase it. But that's just my opinion and there's an argument against it. Regardless, that's not the point of this thread.

2. Yeah, sure. But for every blowhard like Andrew Left, there are a dozen hedge funds with an army of PhDs who have a demonstrable edge.

I just hate defending HFs because although I respect them, I don't like the guys or industry. And then I have to talk to people like you who don't know what $VTI is or why comparing % averages is retarded or what the whole fucking purpose of a hedge fund is



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716445)



Reply Favorite

Date: February 3rd, 2019 3:17 PM
Author: ruddy wonderful gas station

1. OK whatever then, but you did raise this point, so I'm trying to figure out what you mean.

2. How does one pick the right handful of hedge funds that have the demonstrable edge? Are there a vast number that are junk then?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716455)



Reply Favorite

Date: February 3rd, 2019 3:23 PM
Author: violent senate

Even this “demonstrable edge” stuff is bullshit in 95% of cases. Long term capital management had a demonstrable edge (including literal nobel prize winners) until they lost everything and almost took the financial system with them.

And if there is a hedge fund with an edge, you probably can’t even get into it (eg Renaissance).

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716481)



Reply Favorite

Date: February 3rd, 2019 3:38 PM
Author: Haunting Messiness

As a trader, edge is one of my favorite things to discuss

Let's just agree that hedge funds, institutional investors, index funds, and mutual funds all suck, but they serve different purposes and we should stop comparing which is "better"

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716596)



Reply Favorite

Date: February 3rd, 2019 3:46 PM
Author: pea-brained idiotic coffee pot stag film

what do you know about the data inputs that algorithmic funds use? is it just exchange data like price/volume

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716677)



Reply Favorite

Date: February 3rd, 2019 4:04 PM
Author: Haunting Messiness

Yes, for the most part. Of course they have insane amounts of proprietary research of companies and industries, but the exchange info is the only data that changes millisecond to millisecond.

Beyond HFT strategies, execution models are extremely important too. Say Warren Buffets wants to invest $200m in $AAPL? Do you think he just wakes up and says I like this price let me get $200m worth? No he has a model and traders that do that for him over two weeks. Those models and traders get bonuses based on how well they can get $AAPL under VWAP, which is a very real and very demonstratable edge.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716819)



Reply Favorite

Date: February 3rd, 2019 4:16 PM
Author: pea-brained idiotic coffee pot stag film

it's interesting that many of the tools are available to everyone but smart people create profitable computerized models while neckbeards jerk off and draw trendlines

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716902)



Reply Favorite

Date: February 3rd, 2019 4:22 PM
Author: Haunting Messiness

It's humbling but let's not underestimate how cunning they are when it comes to proprietary research and outright espionage. They also have tremendous hardware capabilities (ie speed, speed, speed).

The usefulness of these three things really just depend on the strategy.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716946)



Reply Favorite

Date: February 3rd, 2019 4:08 PM
Author: Haunting Messiness

And for first point, a decent ammount: have two of my own (non HFT, not very sophisticated) models running and work full time as a trader at a small firm. I would love to break into BIGQUANT but dunno if I want to take more 400-level math classes or if I would even have a realistic shot with my age and subpar employment and academic history

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716847)



Reply Favorite

Date: February 3rd, 2019 3:31 PM
Author: Haunting Messiness

1. There's tons of online articles about Hedge Funds and 2008 crisis, but that discussion is pretty dry. The initial point I was trying to make is that many hedge funds (at least originally) where vehicles for rich people to avoid market risk.

12 You can't get into the best funds, and we probably don't know about many of them. Not because you don't have the $250 minimum deposit, but because the best funds will lose their edge if they get too big. The Renaissance Medallion Fund has an army of 40-PhDs behind it and has averaged over 10% with a 4+ sharp for over a decade, but they can't take anymore money. That's insane.

It comes down to more your style. I actually like the guys like Left and Ackman who make big, contrarian bets against companies and launch public takedowns of them. Maybe you like guys who run a Macro Events Drive HF, who make big bets on major current events like Brexit or the Chinese economy. I suspect you'll probably like the Quant driven funds the most, as they can the numbers to back up their decisions. Or maybe you might like a more traditional HF that will make you money when the market hits the fan.



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716526)



Reply Favorite

Date: February 3rd, 2019 3:35 PM
Author: Mewling tripping trump supporter

To debate point #1, hedge funds were just as often a vehicle for the very wealthy to take on additional risk, risk that they could understand and afford, in pursuit of a high return. This is why hedge funds have been off-limits to non-accredited investors.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716568)



Reply Favorite

Date: February 3rd, 2019 3:42 PM
Author: Haunting Messiness

I would agree. I suspect that while the demand for hedging was the genesis of the industry, the investors quickly realized they liked the freedom and leverage more.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716634)



Reply Favorite

Date: February 3rd, 2019 3:33 PM
Author: Mewling tripping trump supporter

Funds that have a substantial edge are generally small, young, with a manager/managers exploiting a specific opportunity. However there's also a lot of bad hedge funds with the same specs.

Large hedge funds don't outperform and it's because they are large. They still get invested in because large pension funds and institutions are risk-averse herd-thinkers. They would rather have guaranteed mediocrity disguised as diversification rather than dig in the weeds and find truly great opportunities.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716548)



Reply Favorite

Date: February 3rd, 2019 3:37 PM
Author: multi-colored self-absorbed deer antler

Flame, no one who “built a great company” would be so risk averse as to avoid SPY. T bills get you 2.5% which beats the pants off 95% of funds

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716587)



Reply Favorite

Date: February 3rd, 2019 3:42 PM
Author: blathering center

How does one invest directly in T bills?

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716639)



Reply Favorite

Date: February 3rd, 2019 3:49 PM
Author: multi-colored self-absorbed deer antler

https://www.treasurydirect.gov

Or SHV / VGSH

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716704)



Reply Favorite

Date: February 3rd, 2019 3:53 PM
Author: Haunting Messiness

Bro literally ever rich person on CNBC and Bloomberg has been calling the market top for the last five years.

But the point is 2.5% or 6% ain't getting their dick hards anyways and they don't want the SYSTEMIC risk of a broad US equities investment. They'd rather bet $20 million on their own idea (whether its: this company sucks, Brazil will boom, or it's time to run this model) and let it play out over the next 18 months than trust trump not to launch another trade war. Also, a good chunk of their portfolio is also already exposed to that risk.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716734)



Reply Favorite

Date: February 3rd, 2019 3:37 PM
Author: Spruce beady-eyed fanboi

There've been a few mutual funds and hedge funds that beat the average over the long term, but they're closed to new investors. Not everyone can be above average. This isn't Lake Wobegone.

(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#37716590)



Reply Favorite

Date: May 20th, 2019 2:34 PM
Author: ruddy wonderful gas station



(http://www.autoadmit.com/thread.php?thread_id=3729605&forum_id=2#38261728)