Page 5 of 5
Posted: Wed Feb 22, 2012 5:03 am
by fjpenney
AFAIK = As Far As I Know
Posted: Wed Feb 22, 2012 5:19 am
by ifyousayso
Yup; AFAIK=As far as I know.
Posted: Wed Feb 22, 2012 12:38 pm
by ifyousayso
By the way, chris67, I'm not dissing WCM, which is clearly top shelf in a lot of ways, but I was curious about your remarks about their effect on the rest of the CTA industry. It seems to me fairly unlikely at this stage (for the reasons stated above) that they're competing with Mulvaney at the moment for client money. Rather it appears that WCM is in the process of morphing into a more mainstream asset management company, which is in line with the interviews and the opinion pieces they've placed in P&I.
Posted: Mon Mar 12, 2012 2:58 pm
by AFJ Garner
AFJ Garner wrote:DPH wrote:
As you will see the highest MAR ratio was a 2.01 with the average being a 0.40
Sobering. And that of course takes no account of the survivorship bias.
I got a monthly performance sheet for a Canadian Merger Arb fund called Amethyst Arbitrage Fund. The MAR of the onshore version is 0.29
They quoted max DD and return since inception for various HF indices from which the following MARs emerged:
HFRI Convert Arb 0.22
HFRI Risk Arb 1.03
HFRI Event Driven 0.39
HFRI Global 0.39
Frankly I had never bothered to look at, work out or consider this measure on the hedge fund indices before. But with the exception of the Risk Arb index they look surprisingly (a) shitty and (b) similar to the sort of figures we find on CTAs.