Short Rebate
topic on 1 show · 3 statements across 3 episodes
3 statements about Short Rebate, every show
Zorub: Parsifal currently receives a 4% to 5% short rebate
“At least for right now, we're getting a four to five percent short rebate.”
Liow: Post-GFC short rebate collapse raised required break-even alpha to 800 bps
“At 500 basis points, you needed about three to 400 basis points of alpha to break even through cycle. That lets you lever for long short spread through cycle. Now it's closer to 800 basis points. That's a very heavy lift to break even.”
Seides: Near-zero interest rates cost long/short hedge funds 3% to 4% annually
“So when the bet started short-term rates were maybe, I don't remember what it was, but four percent, and today they're close to zero, and that is a four percent
Maybe three percent annual difference in performance just because of the short rebate on, on the wa…”