Trend Setters: Crypto, Crowding & Convexity, with Prof. Cam Harvey
Long Story Short
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Is There a Preference for Positive Convexity?
People have a preference for positively skewed outcomes. They do not like the negative skew or that negative convexity. And again, you can see it in the data. Different hedge fund styles have different sharp ratios. The reason they're different is because of the convexity differences.
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