Chuckrox

dont really need to know this but my general thought is that all alt. inv and emerging market securities exhbit negative skewness and leptokurtoisis (i.e. fat tails)

Chuckrox

They don't seem to be able to make up their minds on this.

See the answer to CFAI R36 Q26 on page 125 in Vol 5 which claims that all alternatives investments have positive skewness and low kurtosis (i.e. negative excess kurtosis)