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10 year row sounds like its annualized, Citadel maybe about 30% annualized not 300%% , but that's just a guessLOL
Good read
The largest hedge fund managers 2023
- Thread starter ETJ
- Start date
10 year row sounds like its annualized, Citadel maybe about 30% annualized not 300%% , but that's just a guessLOL
Good read
A handful of folks wanted to understand the source and methodology.
September 25, 2023 05:00 AM
How the survey was conducted
Pensions & Investments annually surveys institutionally oriented managers to collect data about their worldwide and institutional assets managed in hedge funds as of June 30.
The 2023 survey marks the 14th year P&I has gathered data from hedge fund firms for this report, which is one of P&I's most popular annual manager features.
In a small number of cases, P&I obtains hedge fund assets under management worldwide from a company source such as a spokesperson, website or financial report.
September 25, 2023 05:00 AM
How the survey was conducted
Pensions & Investments annually surveys institutionally oriented managers to collect data about their worldwide and institutional assets managed in hedge funds as of June 30.
The 2023 survey marks the 14th year P&I has gathered data from hedge fund firms for this report, which is one of P&I's most popular annual manager features.
In a small number of cases, P&I obtains hedge fund assets under management worldwide from a company source such as a spokesperson, website or financial report.
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LOL /RenTech did very good compared to BlackRock, 1 -10 years.
Strange , number those of top ten that beat SPY benchmark. If they are figuring a total 10 year return %, say 120% on SPY.
I dont really want to sign up there @ this time to find out all the details.[Edit/ SCHW data says 10 year SPY return =151.68%, better than my 120% guess
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Only their Medallions Fund outperforms
Regarding the confusion over legendary Ren. Technologies:
Only their Medallion Fund outperforms. This fund is capped at ten billion and only open to founders and employees.
Medallion has made over sixty percent a year for over thirty years with only one down year.
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Over 95 percent of hedge funds have under-performed both the market and Berkshire Hathaway over any rolling ten year period, and they figure to. Hedge fund alpha-plus-more is usually washed away by large fees and sometimes the size of the fund is too large to fully accommodate whatever prime edges they have.
Even risk adjusted, the great majority of hedge funds will underperform over rolling ten year periods.
The hedge fund industry is filled with lots of salesmanship and hustler activity.
___
Street Economics
100 dollar bills do not lie on the sidewalk of a big city very long, but sometimes pennies do.
For every buyer there is a seller.
Price tries to discount the future.
* exceptions may occur
Regarding the confusion over legendary Renaissance Technologies:
Only their Medallion Fund probably figures to outperform over long periods- they have even closed funds that were doing badly.
Medallion is capped at ten billion and only open to founders and employees. They cannot find enough worthwhile edges to hold more capital.
Medallion has made over sixty percent a year for over thirty years with only one down year.
__
Hustlers & Salesmen
Over 95 percent of hedge funds have under-performed both the market and Berkshire Hathaway over any rolling ten year period, and they figure to. Hedge fund alpha-plus-more is usually washed away by large fees and sometimes the size of the fund is too large to fully accommodate whatever prime edges they have.
Even risk adjusted, the great majority of hedge funds will underperform over rolling ten year periods.
The hedge fund industry is filled with lots of salesmanship and hustler activity.
___
Street Economics
100 dollar bills do not lie on the sidewalk of a big city very long, but sometimes pennies do.
For every buyer there is a seller.
Price tries to discount the future.
* exceptions may occur.
Only their Medallion Fund probably figures to outperform over long periods- they have even closed funds that were doing badly.
Medallion is capped at ten billion and only open to founders and employees. They cannot find enough worthwhile edges to hold more capital.
Medallion has made over sixty percent a year for over thirty years with only one down year.
__
Hustlers & Salesmen
Over 95 percent of hedge funds have under-performed both the market and Berkshire Hathaway over any rolling ten year period, and they figure to. Hedge fund alpha-plus-more is usually washed away by large fees and sometimes the size of the fund is too large to fully accommodate whatever prime edges they have.
Even risk adjusted, the great majority of hedge funds will underperform over rolling ten year periods.
The hedge fund industry is filled with lots of salesmanship and hustler activity.
___
Street Economics
100 dollar bills do not lie on the sidewalk of a big city very long, but sometimes pennies do.
For every buyer there is a seller.
Price tries to discount the future.
* exceptions may occur.
Last edited: