Institutional trading: understanding its dynamics
The solid red line is the performance of the fund, and the dotted red line is the same fund with 2x leverage. The risk-adjusted return (how to measure risk-adjusted return) is good due to the low drawdowns. For example, the grey line is the MSCI world index for stocks, and stocks suffer from “gut-wrenching” drawdowns …
Institutional trading: understanding its dynamics Read More »