Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether secrecy helps hedge fund returns.

Quote of the Day

"As with many things in performance accounting and fund marketing, data can be accurate and misleading at the same time."

(Craig Lazzara)

Chart of the Day

Tough times for global macro hedge funds.

(factorresearch.com)