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Market neutral hedge fund returns
According to the CAPM, a zero beta portfolio should earn a risk free rate of return. However market neutral hedge funds are able to generate superior absolute returns. How does that work? Is it due to leverage?
Edited 1 time(s). Last edit at Wednesday, September 29, 2010 at 11:53PM by oz001. |
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发表于 2011-7-11 18:36
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