Consistently bad that is... http://www.thereformedbroker.com/2014/05/28/brokers-liquid-alts-and-the-fund-that-never-goes-up/ Look Ma, no profits!
but he probably keeps the management fees. that's the plan for probably 90% of those funds,firms etc..and i believe it's works very well for those,who is in this industry. if fund didn't work-rinse,rename and repeat. it's a big club and you ain't in it. https://www.youtube.com/watch?v=i5dBZDSSky0
"You would write Dr. Lo a check ten seconds after seeing him speak somewhere, trust me." LOL...Whenever I have someone speaking really well in front of me, I become really cautious. You don't become a good speaker by being a real trader behind a screen...
we chat while ago on some russian trading forum with one guy,who is a Phd in math. He trade(actually invest) stocks and very good at it on his own retail level.he claims that out of all Phd's he know-he is only one,who making the money off market. rest of his friends,who tried-failed miserably. point is-you can be good in math and stats,but it doesn't mean that you will be a great trader or able to make ANY money off the markets. on other hand i know couple Phd's in physics, who was very successful at that time.
+1 good maths stats knowledge is helpful, but to succeed at trading only high school level maths is needed. Maths Phd is probably too much.