Re: Good investing paper on mutual funds and alpha
[ QUOTE ]
[ QUOTE ]
I'm surprised there are not more comments. People always want a fairly easy, quick way to make a buck and you can get this info from HF and MF disclosures which are all public, and now all on the web.
90% of investors would do better if they simply looked at MF and HF buys and sells. [either following, or waiting for total puking and then swooping in.]
[/ QUOTE ]
the paper is really well done. one quick correction is that the sells aren't nearly as strong as the buys in forcasting future year returns.
looking at strongly performing hedge funds and mutual funds should be able to generate a portfolio that consistently outperforms the market according to this research.
[/ QUOTE ]
Yes, well, we already had research that proved momentum in MF outperformance is persistent and you can earn free alpha from that.
This is just more icing on the cake....no, an extra cake!
|