Hey, I found this post by an author of a Hedge fund article, which I cannot find This was in his article, but for some reason I cannot find the whole article, so forgive me for my sourcing abilities. Is he correct? What do you think of his comment on hedge funds? Take care, -Kastro
I dont think there is something odd about the article. The author just makes his point that the correlation of two variables i.e. instruments that compose his portfolio change over time which in turn means that the portfolio manager is responsible for adjusting the weights of variables A and B (according to their correlation which just refers to historical data) in order to continue his strategy according to his constraints i.e.stand.deviation, sharp,sortino and all sorts of other measures of performance and risk.