BT2,

You posted a link to Chanos' short-only fund, which is meant strictly as a hedge. +2% CAGR on a short-only fund is actually insanely good. If you can't do basic logic or critical thinking, this thread probably isn't for you.

https://www.institutionalinvestor.co...-and-Elon-Musk

And it should come as no surprise that his funds have suffered heavy investor outflows after an epic decade-plus bull run. I would suggest you study up on the limits to arbitrage given the fact that outside investors tend to evaluate and allocate to funds based on short-term performance (https://scholar.harvard.edu/files/sh...farbitrage.pdf). Also remember there are no easy trades (https://www.notion.so/TANSTAFL-There...feb7ba150a3558 and https://blog.thinknewfound.com/2017/...ve-management/).

Thanks for the link. Do you have data of the performance in the last decade? A fund can have killer returns in the first few years and maintain a very high historical average return despite mediocre returns in recent years, similar to how Berkshire has a high historical average return despite underperformance during the last decade. As an example, someone could YOLO options and make 10000% gains in the first year, then invest the rest in a basic index fund for the following 30 years, and still have historical average returns that outperform the index considerably. I would be curious to know what the returns have been more recently. I can only find the data up to 1995.

https://www.tipranks.com/hedge-funds/jim-chanos