35. Which of the following best describes the findings of academic studies into performance persistence in hedge funds? A. There appears to be a higher degree of persistence for losers than for winners & less evidence of long run persistence than short run persistence. B. There appears to be a higher degree of persistence for winners than for losers & more evidence of long run persistence than short run persistence. C. There is strong evidence of performance persistence for both winners & losers in both the short & long run. D. There is no evidence at all of performance persistence