Who said hedge funds don’t like chaos?
|Feb 18th, 2010 | Filed under: Performance, Analytics & Metrics, Today's Post | By: Alpha Male||
Critics of hedge funds often charge that they simply sell insurance (“volatility”) for a premium and cross their fingers that they never have to pay up. Hedge funds, they say, are “short vol.” When volatility goes up, they go down, and vice versa.
But there may be a little more to the story than meets the eye. More…
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