The Tao of Alpha
| Jul 4th, 2006 | Filed under: CAPM / Alpha Theory | By: Alpha Male |
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By: Iluka Hedge Fund Consulting
Published: 2006
Excerpt:
Even the least sophisticated of hedge fund investors understand that alpha is something to be pursued. The irony is that many an investor and fair few hedge fund professionals only have a vague understanding of what alpha really is or the important principles that underlie it. Alpha’s precise definition, its short supply, the impediments to finding it, and its real utility are not well understood. This article corrects this by presenting an intuitive explanation of what alpha really is.”
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