It's sort of like how high cost funds net of fees offer the same returns as low cost ETFs net of fees.
High cost funds that will take your money perhaps (top funds are almost all capacity constrained, but will deliver a Sharpe of about 2 or 3)
It would be interesting to study the returns of funds not taking new investors and funds taking new investors that are run by the same manager. I bet there's quite a performance difference. One giant of the industry comes to mind.
I'm not sure I understand this one.
Even with the downvote, I still don't understand the logic of the original comment...
High cost funds that will take your money perhaps (top funds are almost all capacity constrained, but will deliver a Sharpe of about 2 or 3)
It would be interesting to study the returns of funds not taking new investors and funds taking new investors that are run by the same manager. I bet there's quite a performance difference. One giant of the industry comes to mind.
I'm not sure I understand this one.
Even with the downvote, I still don't understand the logic of the original comment...