Sunday, January 08, 2012

Do hedge funds offer value for their fees? No - FT.com

Not surprising if the absolute returns are from finding inefficiencies. Given an absolute amount of inefficiencies, these are shared over more funds.

Do hedge funds offer value for their fees? No - FT.com:
"Just as individual hedge funds tend to do better when they are small, so too, his analysis shows, the industry as a whole performed better when it was a largely unknown $200bn business, rather than the high profile $1.9tn industry it had grown to become, before the financial crisis in 2008 so dramatically exposed some of its shortcomings. The comforting compounded rates of return reported in hedge fund indices give a misleading impression of the actual cash returns achieved by hedge fund investors. Most of the client money that has flowed in since the industry began to be institutionalised has not achieved anything like the returns the long-term headline index figures suggest.
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Monday, January 02, 2012

Delete rows from R data frame « Heuristic Andrew

Use for getting rid of rows of data where there is no response. For instance, the missing values in a large dataframe can be removed in this way with simplicity.

Delete rows from R data frame « Heuristic Andrew:

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