The main reason we did that (even though they're all useless in predicting future
performance) is because publishing the
Fee - Based Moderate Model's alpha number on the model demo help prove how well we usually outperform, and also settles the ageless debate,
once and for all, that active investment management can consistently beat passive management, after trading expenses.
Fund managers charge a fixed management
fee, typically 1 - 2 % each year, as well as a
performance fee (often referred to as «carried interest») that applies
once pre-determined
performance hurdles are met.