A study undertaken by researchers from Emory University and Georgia State University has shown that SEC employees are pretty damn good at picking stocks. The paper, "Stock Picking Skills of SEC Employees" revealed that if a hedgeportfolio went long on the stocks that staffers buy and short on stocks that they sell, it would yield"economically significant abnormal returns" or about 4 percent a year for securities in general and 8.5 percent in U.S.
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