Academic estimates are that these statistical biases of self-selection (reporting is optional for the largely unregulated hedge fund industry) add 3-5 percentage points to index returns.
Treasury's self-described "seminar for the policy community" is co-sponsored with the leading academic promoters of Shariah and SCF in the United States: Harvard University Law School's Project on Islamic Finance.
Kazmierczak also was vice president of the university's Academic Criminal Justice Association, according to the group's Web site, and worked on a paper on self-injury in prisons with the group's current president.