{"id":47271,"date":"2015-04-02T07:52:12","date_gmt":"2015-04-02T11:52:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=47271"},"modified":"2015-04-02T07:52:13","modified_gmt":"2015-04-02T11:52:13","slug":"large-hedge-fund-survivor-bias","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2015\/large-hedge-fund-survivor-bias.html","title":{"rendered":"Large Hedge Fund Survivor Bias"},"content":{"rendered":"<p>ValueWalk &#8211; Hedge fund survivor bias is especially insidious for the largest firms. Large hedge fund survivor bias overstates expected performance of the biggest firms by nearly half and their risk adjusted return from security selection (stock picking) by 80%. It is impossible to predict the largest funds of the future, but one doesn\u2019t have to \u2013 robust skill analytics identify funds that will do even better in the future than tomorrow\u2019s largest.<\/p>\n<p>We follow the approach of our earlier piece on hedge fund survivor (survivorship) bias, which analyzed the largest firms\u2019 equity portfolios (HF Aggregate). This dataset spans the long portfolios of all U.S. hedge funds active over the past 10 years that are tractable using 13F filings.<\/p>\n<p><a href=\"http:\/\/www.valuewalk.com\/2015\/04\/large-hedge-fund-survivor-bias\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ValueWalk &#8211; Hedge fund survivor bias is especially insidious for the largest firms. Large hedge fund survivor bias overstates expected performance of the biggest firms by nearly half and their risk adjusted return from security selection (stock picking) by 80%. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47271","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=47271"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47271\/revisions"}],"predecessor-version":[{"id":47272,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47271\/revisions\/47272"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=47271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=47271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=47271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}