A hedge fund, by definition, is an investment vehicle for high networth individuals and institutions that employs complex investment strategies and is aggressively managed to produce SUPERNORMAL returns. From the end year report of 2010 by one Stocksmaster, his return in a year was a cool 110%. At what level do returns become supernormal? For instance, since January, what percentage return on an aggressively managed portfolio in nse could make the cut to supernormal??
Better still, by what factor should a portfolio outperform an index (nse 20 in our case)when adjusted for dividends, for the returns to be considered supernormal??
A successful man is not he who gets the best, it is he who makes the best from what he gets.