NEW YORK, May 4, 2020 — Epsilon Asset Management (“Epsilon”), a quantitative asset management firm that pursues bottom-up stock-selection alpha through a data science investment approach, today announced the findings of its new report, “Hedge Fund Alpha and their Best Ideas”. Produced in collaboration with New York University (NYU), the study finds hedge fund “Best Ideas” have not outperformed the rest of their portfolios, despite the identification of statistically significant outperformance (“alpha”) by those portfolios against the broader marketplace for a period of 20 years.