What really happened last August? There was blood in the street for many hedge funds, while others did ok. But in this week's Outside the Box, Jon Sundt from Altegris Investments (and my US partner) dives you the behind the scenes details of what was going on inside the trading rooms of various quantitative hedge funds. It makes for interesting, if not sobering, reading.
I think you will find this analysis helpful in your own efforts to analyze your investment managers. How much real risk are your managers taking? Can you tell just by the performance numbers? Jon suggest different ways to look at the risk in your portfolio.
Jon is the president of Altegris Investments. He has been researching and analyzing hedge funds for many years, along with his partners and an extensive research team at Altegris. I am proud to partner with his firm, and happy to present you his essay ad this week's Outside the Box.