Truth on the Market

Academic commentary on law, business, economics and more

Two and Twenty-five?

Posted by Bill Sjostrom on April 9, 2007

See here.

One Response to “Two and Twenty-five?”

  1. Yep, I said so three years ago!

    In my current (larger) dataset, of 61 funds, 18 have carry of 25%; 7 had a carry of 30%; a few have preferred return (carry changes with performance). I wish I could post a histogram in blog comments. Bigger funds have a higher carry; carry does not predict performance; and there is no strong time trend. You read it here first.

    (I didn’t just happen to remember this… I am trying to finish the damn paper as we speak).

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