Replicating Hedge Funds, Lessons from Bridgewater and the Outlook for Inflation with Bob Elliott
Excess Returns
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The Importance of Beta in Hedge Funds
Most funds are trying to beat cash is the basic idea. Most hedge funds have a little bit of beta in their return. Alpha is making bets in markets in order to generate return above that passive investing. Beta or the passive holding of asset classes, you would expect to go up over time. It's a positive expected return trade.
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