. There are three issues that concern me about hedge fund index performance:
Issue 1: Fund returns are often subject to stale price bias.
Issue 2: Historical fund ‘performance’ is presented by applying the fund’s strategy during a period of time prior to when actual investments were made by the fund manager.
Issue 3: Indexes include only those funds that survived long enough to meet the requirements for inclusion in the index, rather than all funds available to investors during the time period examined.”
Q. Of the problems with hedge fund indexes Bohmer describes, she is least likely correct regarding:
- Issue 1.
- Issue 2.
- Issue 3.
这里issue2 没看懂这句话,可否翻译一下?