Sunday, May 06, 2018

These 13F Tracking ETF's Have Horrible Performance

13F is a form lodged quarterly by US based investment funds. A 13F following strategy takes the stock picks from top hedge funds as revealed by their 13F forms. Two ETF's that follow this strategy are ALFA and GURU. But both have horrible performance with negative alpha of of -5% and -7%, which is rather ironic. Does this strategy no longer work?

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