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Markets vs Marketing (Corey's Confession) S04:E03

Pirates of Finance

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Are Factors Hedge Funds?

Clifford: I've just never even thought about the hedge funds, at least in my world versus your world. And so when they are talking about hedge funds, these papers, it doesn't make any sense to me. Can you explain to me how long short equity funds are not just like 60% long beta? It's just like, that they basically, the P&L decomposes down to a 60, 40 portfolio. Like, I've justNever understood this. Why they don't or why they do?

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