macrocephalopod

If you can actually trade, i don't know how you sign up for this. And if you are a marketing genius raise money to start a HF. Now if you a genius marketing to masses, i get it.

This is very similar to my observation of narrative. It's an uncomfortable truth in life that those who can weave the best stories will 9/10 go ahead of those with actual domain skill. It's just the way humans work.

Eventually the bill becomes due, well, maybe. The best of the best will be able to weave a compelling narrative (aka bullshit) long enough to realize the skills needed to back it up.

Where are the other funds managing $75b long only with a Sharpe of 0.9 over 25 years?

risk parity has many faults, but it is surprisingly resilient. it has bad periods here and there but it never really takes the kind of unrecoverable impairments that pure-alpha (BW) or RIEF (rentec) or the other market-neutral or low-beta large-capacity quant strats had lately