RTJ

Book Review: Hedge Funds (An Analytic Perspective)

I have not read the book but as a hedge fund professional, I question the usefulness of such a technical book. Quantitative tools can surely complement qualitative analysis but drawing too many conclusions from a monthly return stream is a farce. No amount of analysis would have predicted what happened to most hedge fund returns in 2008. There is no substiute for common sense but unfortunately too many quants are lacking in this area....

More Silly Hedge Fund Coverage

Good catch. I saw this come across and had similar thoughts. Hyperinflation like Zimbabwe?- these guys are on crack! And, I seriously doubt Taleb and Universa are pursuing a similar strategy...