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Hedge Funds

Nevsky’s Prospects: China, Fat Tails And Opaque Markets

by economist.com posted 2years ago 13309 views
NORMALLY, when hedge funds shut up shop, it is because the results have been poor. But that is not the case with Martin Taylor of Nevsky Capital who is retiring with an average annual return of 18.4%, some 16 percentage points ahead of the hedge fund average. In his final report (courtesy of Zero Hedge), he says the game is not worth playing; like a batsman who has scored a century, he has tucked his bat under his arm and has headed back to the pavilion, to let someone else have a go.The report is a fascinating read, not just...