

For young investors, the incremental improvements of the framework created by Robert Merton are less sexy than trying to pick the next Apple. But if history is any guide, it works astonishingly well https://t.co/JfNP87CAqv
Incisive piece by @CliffordAsness sarcastically posing as a money manager in the year 2035, reviewing the previous decade. A clever and fun device to lay out Cliff's 10-year outlook. "What we didn’t count on, I mean who could see this coming, was this outperformance reversing."
I hereby nominate this @CliffordAsness post for best footnotes in history of any investment commentary… Ever. And it’s not particularly close. You have to read them all. https://t.co/nU9CDPIQDE https://t.co/EYe4KPPtKl

Major hedge funds reported strong performance in 2024, achieving double-digit returns largely attributed to market volatility and shifts in central bank policies. The 'Trump Trade' has played a pivotal role in this success following Donald Trump's victory in the U.S. presidential election in November 2024. Notably, AQR Capital Management's multistrategy fund recorded a 15.1% return, benefiting from significant gains in the stock market. Analysts suggest that the favorable market conditions and political landscape may continue to support hedge fund strategies in the upcoming year.