Search

Logica
- 2 min
Manager Builds a Better Metric
The manager of a statistical-arbitrage fund has developed a measure of risk-adjusted returns that more accurately reflects the risks of investing in hedge funds than the widely used Sharpe ratio.
Logica Capital, a Los Angeles firm with $15 million under management, has shared its “skill metric” with several dozen institutional investors in the past week, telling them it offers a truer picture of a fund’s risk-adjusted performance than commonly used measures including the Sha