Biscardi: Comparing hedge funds to the S&P 500 demonstrates financial illiteracy
Ron Biscardi · Ron Biscardi – Putting Hedge Funds in Context (Capital Allocators, EP.83) · Jan 21, 2019 · at 40:45
Ron Biscardi, co-founder and CEO of Context Capital Partners, responds to financial media criticism regarding hedge fund returns lagging behind equity benchmarks.
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“I hate when I read articles and I see comments on the hedge fund industry not keeping pace with the S&P, and I know that the person behind the article probably doesn't know what a Sharpe ratio is. We're doing a different thing than the S&P is doing.”
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