Excess Returns  cover image

Replicating Hedge Fund Strategies with Andrew Beer

Excess Returns

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Investing in a Large Pool of Funds

The reason we target a large pool of funds is because they're more predictable. What we saw in 2020 was two things. The first was that after March coming out of it, nobody had time to do risk or really change their positions. But then we saw equity risk going up. There's some guy out there who thinks COVID is a, you know, is a nightmare lockdowns. You know, start selling, start producing risk put on hedges. I mean, Bill Ackman put on some insane, like,you know, bond hedge and made $2.5 billion off of nothing. Right.

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