Inside the Secretive World of Pod Shops | Bob Elliott

[@TonyYip]

Where can I find the “Dan piece on persistent alpha”?

[@ExcessReturns]

You can find it here: mailchi.mp/verdadcap/persistent-alpha-lessons-from-the-pod-shops

[@AlanVasquezR]

Since inception, HFND had a 0.7 correlation with SPY. While SPY returned 68%, HFND only returned 11%. Very unimpressive.

[@SteveAbernethyCFA]

This analysis and takeaway is quite naive versus the perspective and goals of institutional allocators, aka HF clients.