December 25th, 2008

"Is there hedge fund alpha?"

Before we take a brief break, we wanted to share a letter we recently received from an 8 year old financial savant last week. Apparently 8 year olds have always asked the tough questions (see another famous example).

I am 8 years old and just lost my allowance in a giant Ponzi scheme. Some of my little friends say there is no hedge fund alpha. Papa says, “If you see it on, it’s so.”

Please tell me the truth, is there hedge fund alpha?

- Virginia Jones
Answer at the link.

Merry and Happy, all. :)
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