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GE's finance arm made a mediocre return on equity of 8% last year; most global banks operate under similar capital rules and did worse.
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It's messy enough that the two attributes that should make you wary high expenses and the prospect of mediocre returns (on a risk-adjusted basis)–are hard to detect.
They can turn a mediocre return into a market-beating one.
Cook will not be going to the Caribbean and has two months to sift the debris of a disastrous tour and work also on his batting after a mediocre return in both formats.
Despite the mediocre return, investors have flocked to the fund.
Perversely, the agencies' mediocre returns may protect them from being wiped out by nimbler competitors.
The company's chief may have earned mediocre returns but he was a paragon of political fidelity.
Even those mediocre returns may be better than many smaller endowments, which, like Harvard, may be facing losses.
Those with mediocre returns and short track-records will be the victims of an industry-wide reshuffle.
Sceptics have long argued that for all the skill they claim to possess, hedge funds just use cheap money to amplify mediocre returns.
The Canadian government's experiment with venture capital failed because the Canadian Labor Fund Program had so much money that it frightened off private venture capitalists, while earning mediocre returns itself.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com