The ability to produce amazing alpha with favorable risk/reward ratio is a testament of the manager’s skill in running a hedge fund. To be consistently good at churning out positive return year after year is a challenge as a single huge loss in one year means higher return next is needed to bring the performance back to the targeted Compound Annual Growth Rate (CAGR). What then is the key determinant of the manager’s skill?
Read more here Notable Hedge Fund Managers Started Investing When They Were in Their Teens
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