Most hedge funds claim to produce positive absolute returns. The reality is sobering: most strategies still largely depend on stock market performance and those not incorporating equities haven't kept their promises either.
Ellie Kesselman Wells's insight:
Natural motivation for a brief discussion of skew and kurtosis
Gary King, PhD has a nice collection of outlier event-themed research work, covering a wide range of fields of study. I think the website uses Harvard's OpenScholar CMS, which is an additional feature worth noting.
* The image that accompanies this was my choice (Prof. King has nothing to do with any errors in judgement I might make). It is a photograph of a recent annular eclipse, as observed in Southern California (Spring 2012) via Flickr.
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