Do Hedge Funds Really Generate No Alpha? (2024)

Markets, Time and Unusual Events

Nominal and Real Returns on Japanese Asset Classes

Do Hedge Funds Really Generate No Alpha? (2)

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The Russian Stock Market Before the Revolution

"Russian stocks advanced more in price than American stocks between 1864 and 1914, but American companies paid larger dividends. Price and dividends offset each other and during that 45-year period, the two stock markets provided approximately equal returns."

Dr. Brian Taylor, Global Financial Data, 21 March 2018

Do Hedge Funds Really Generate No Alpha? (2024)
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