http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/ A finance blog about hedge funds, portable alpha and alternative investing. Thu, 09 Feb 2012 19:03:08 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/comment-page-1/#comment-33533 Richard Wilson Thu, 18 Oct 2007 04:24:03 +0000 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/#comment-33533 The benchmark problem alone makes it hard to associate 130/30 with a traditional product you would find in the "equities bucket." I also disagree with Ingrid Tierens on that point. The benchmark problem alone makes it hard to associate 130/30 with a traditional product you would find in the “equities bucket.” I also disagree with Ingrid Tierens on that point.

]]> http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/comment-page-1/#comment-3256 All About Alpha » Blog Archives » State Street runs up the score in 130/30 March Madness Tue, 27 Mar 2007 10:35:22 +0000 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/#comment-3256 [...] SSgA isn’t just the latest 130/30 bandwagon-jumper.  Sean Flannery (right), CIO Americas at SSgA is obviously a disciple of Roger Clarke and Harindra de Silva - whose research extended the Fundamental Law of Active Management and paved the way for the 130/30 pitch.  [...] [...] SSgA isn’t just the latest 130/30 bandwagon-jumper.  Sean Flannery (right), CIO Americas at SSgA is obviously a disciple of Roger Clarke and Harindra de Silva – whose research extended the Fundamental Law of Active Management and paved the way for the 130/30 pitch.  [...]

]]> http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/comment-page-1/#comment-1522 All About Alpha » Blog Archives » Fahrenheit 130/30 Fri, 09 Mar 2007 05:14:59 +0000 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/#comment-1522 [...] We just don’t see the difference between 130/30 and buying a “beta one” ETF with a market neutral hedge fund as a side dish (as in, “You want fries with that?”).  Aside from a few academic arguments, the debate about 130/30 is one of perception, not reality; communication, not substance; and marketing, not finance. Â Ã‚  [...] [...] We just don’t see the difference between 130/30 and buying a “beta one” ETF with a market neutral hedge fund as a side dish (as in, “You want fries with that?”).  Aside from a few academic arguments, the debate about 130/30 is one of perception, not reality; communication, not substance; and marketing, not finance. Â Ã‚  [...]

]]> http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/comment-page-1/#comment-373 All About Alpha » Blog Archives » Hedge funds for retail investors? An examination of hedged mutual funds Sat, 27 Jan 2007 01:35:35 +0000 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/#comment-373 [...] It is often said that the ability to freely invest both long and short provides managers with an opportunity for “double alpha”. Â The authors of this paper suggest that this ability increases returns regardless of the manager’s previous experience.  (See this posting for potential support for this position from personnel at Goldman Sachs and hedge fund manager D.E. Shaw.)  “…due to significant differences in strategy (like the ability to capture alpha on the long as well as the short side and the ability to manage risk better), hedged mutual funds will outperform “non-hedge” (traditional) mutual funds. We find strong support for the strategy hypothesis.  In particular, we find that despite higher fees and turnover, hedged mutual funds outperform traditional mutual funds by about 3% per year, on a fee- and risk-adjusted basis.” [...] [...] It is often said that the ability to freely invest both long and short provides managers with an opportunity for “double alpha”. Â The authors of this paper suggest that this ability increases returns regardless of the manager’s previous experience.  (See this posting for potential support for this position from personnel at Goldman Sachs and hedge fund manager D.E. Shaw.)  “…due to significant differences in strategy (like the ability to capture alpha on the long as well as the short side and the ability to manage risk better), hedged mutual funds will outperform “non-hedge” (traditional) mutual funds. We find strong support for the strategy hypothesis.  In particular, we find that despite higher fees and turnover, hedged mutual funds outperform traditional mutual funds by about 3% per year, on a fee- and risk-adjusted basis.” [...]

]]> http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/comment-page-1/#comment-201 All About Alpha » Blog Archives » Barclays PhD’s Build Hedge Fund Giant Inside No. 3 U.K. Bank Sat, 06 Jan 2007 01:44:31 +0000 http://allaboutalpha.com/blog/2006/12/10/13030-investing-freedom-of-expression/#comment-201 [...] To add to the nomenclature confusion, 1X0/X0 investor Calpers sees the strategy as essentially long-only and has tapped Analytic Investors to manage what it calls simply “reducing constraints around managers that are highly skilled”.  (Sounds like they’ve been talking to Ingrid Tierens of Goldman - Analytic Investors’ co-manager on the account.) [...] [...] To add to the nomenclature confusion, 1X0/X0 investor Calpers sees the strategy as essentially long-only and has tapped Analytic Investors to manage what it calls simply “reducing constraints around managers that are highly skilled”.  (Sounds like they’ve been talking to Ingrid Tierens of Goldman – Analytic Investors’ co-manager on the account.) [...]

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