• Unlike the other models, in which trades were done to maintain conformance every quarter, the buy/sell activity for this model was limited to once a year: For one, activity was insufficient among the
to warrant updates every quarter and, for another, the portfolio turnover would have ended up being around 400 percent as the positions would have to be replaced every quarter.
John Konnayil Vincent - Profiting from Hedge Funds_ Winning Strategies for the Little Guy (2013, Wiley) - libgen.lc
