-
They’re called 𝗵𝗲𝗱𝗴𝗲 funds for a reason
-
Smart people in my DM reminding me that it’s not as if hedgies are all market-neutral long–shorts. I know! I’m not expert in this literature, so: Is there really a serious argument that average/aggregate/whatever, hedge funds are beta > 1? Happy to update if my priors are wrong.