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Sharpe ratios, downside risk and correlation
Risk adjusted statistics compress a return history into a few numbers. They help comparison only when their inputs, limitations and economic meaning are understood.
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Hedge Funds Investment Guide
Understand hedge fund structures, investigate strategies and fees, and build a disciplined manager research process. Follow eight stages from investor access and portfolio mechanics to due diligence and ongoing review.
Start with What a hedge fund is and what it is not, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Risk adjusted performance · All lessons
Performance and Evidence
Separate skill from market exposure and interrogate the return record.