Implementation Guide for Portable Alpha and Efficient Beta Exposure
| Jul 4th, 2006 | Filed under: Portable Alpha & Alpha/Beta Separation | By: Alpha Male |
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By: Adele Kohler, State Street Global Advisors
Published: December 13, 2004
Excerpt:
Separating Alpha and Beta has a variety of important implications for portfolio construction, risk control, manager selection, management fees and added returns. In order to achieve the improvement in risk-adjusted returns the separation implies, so-called portable alpha strategies have been developed.”
