Leading indicators of an economic contraction, page-255

"Over 3 decades. Hows does that compare to other asset classes/strategies/funds?
Can you do some research and let us know."

2%pa alpha while largely hugging the indices might be considered acceptable, but 2% pa alpha with high tracking error and high degree of alpha variability is not at all good.

By coincidence, I yesterday received my monthly report from a local hedge fund whose flagship product is - like Bridgewater - an absolute return strategy.

Regal Funds Management has not been going for 30 years, but it has a 15-year track record which is sufficiently meaningful, I think.

Like Bridgewater, Regal's investment returns are highly variable with significant out- or under-performance in any given investment period.

But unlike Bridgewater's 2%pa alpha, Regal has generated close to 30%pa alpha over its 15 year's of existence (34.5%pa investment return, compared to the All Ordinaries 4.9%pa CAGR)

See: https://www.regalfm.com/site/invest...esale-investors/atlantic-absolute-return-fund