by Nicolas Rabener | Jan 31, 2022 | Uncategorized
Cryptocurrency Hedge Funds Just Bitcoin-beta plays? January 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Cryptocurrency hedge funds generated abnormally high and uncorrelated returns since 2014 However, the returns can be simply attributed to the...
by Nicolas Rabener | Dec 20, 2021 | Uncategorized
How Much Does a VC Need to Make? Musing about venture capital return assumptions December 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYVenture capital funds are highly sensitive to exit multiples given the skewed ratio of winners vs losersThe...
by Nicolas Rabener | Jun 7, 2021 | Uncategorized
Liquid Alt Juggernauts: Worth their Salt? Nope. June 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Liquid alternative mutual funds only captured 10% of the market share from hedge funds The alpha generated since 2013 was essentially zero Long-short...
by Nicolas Rabener | May 24, 2021 | Uncategorized
Portfolio Construction in Venture Capital Lessons from public markets May 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY A few winners generate most of the venture capital returns Given this asymmetrical return distribution, portfolios should be...
by Nicolas Rabener | Mar 15, 2021 | Uncategorized
Multi-Strategy Hedge Funds: Equity in a Different Shade? Investigating the allocation skills of hedge fund managers March 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Investors can outsource the hedge fund selection process to multi-strategy hedge...
