Two and Twenty-five?

Bill Sjostrom —  9 April 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).