New approach gets hedge fund returns with traditional risk
| Oct 11th, 2006 | Filed under: CAPM / Alpha Theory | By: Alpha Male |
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By: Barry Burr, Pensions & Investments
Published: June 12, 2006
“What’s in a name? that which we call a rose
By any other name would smell as sweet;”
Quick: which Shakespearian soliloquy contained this famous line? Time’s up. It was Juliet in Romeo & Juliet. She had just learned that Romeo was a Montague – the enemies of Juliet’s family. Here’s what she said next:
“…Romeo, doff thy name;
And for that name, which is no part of thee,
Take all myself.”
Hedge funds are sometimes viewed by skeptical pension funds as potential enemies. If only hedge funds could “doff thy name”, then pensions might actually want them to “take” them too.
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