returns on gross assets [会计] 资产总额利润率
What he says you should do instead is to take the geometric average of gross returns.
应该采取的是采用总回报的几何平均值。
That means gross returns will be lower than in the golden days of the industry when internal rates of return reached 30-50%.
那意味着,此时的毛收益要低于私人股本黄金时期,那时的内部收益率达到30%至50%。
Because of the high fees they charge, hedge funds need to make big gross returns to deliver decent net returns to their clients.
由于对冲基金收取很高的管理费,它们必须获得非常高的毛回报才能带给客户令人满意的净回报。
Let's put zero here because these are not gross returns these are returns, so they're often negative.
这里做零点,注意这不是总收益,而是年度收益,有可能是负数的
What he says you should do instead is to take the geometric average of gross returns.
他认为应该,对每年的收益求几何平均
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