Mediocrity Strikes Again
From The Capital Spectator
January 9, 2013 - 5:31am
It's true for stocks, it's true for bonds—yes, it's even true for hedge funds. As The Economist reminds, delivering market-beating performance over time relative to a conventional asset mix is tough, and the financial wizards in the land of hedge funds aren't immune. "A simple-minded investment portfolio—60% of it in shares and the rest in sovereign bonds—has delivered returns of more than 90%...
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