Crystal ball gazing

It's the million-dollar question (or more if you and your investors are lucky). The indices put their name by the answer to it. Funds of specific strategy hedge funds do to a certain extent, too. And, in a way, those single managers who absolutely aim for absolute returns, disregarding their strategy peers, do also. Which strategy will do best in, say, the near term at least? Statistics from HFR make backing the winner on an annual basis, let alone for longer, the devil's very own task. In

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