http://allaboutalpha.com/blog/2007/01/17/fundamentalism-in-asset-management/ 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/2007/01/17/fundamentalism-in-asset-management/comment-page-1/#comment-3219 All About Alpha » Blog Archives » State Street runs up the score in 130/30 March Madness Tue, 27 Mar 2007 03:30:59 +0000 http://allaboutalpha.com/blog/2007/01/17/fundamentalism-in-asset-management/#comment-3219 [...] 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/2007/01/17/fundamentalism-in-asset-management/comment-page-1/#comment-727 All About Alpha » Blog Archives » Citigroup: Hedge funds a better structure for alpha generation than long-only funds Mon, 19 Feb 2007 04:43:17 +0000 http://allaboutalpha.com/blog/2007/01/17/fundamentalism-in-asset-management/#comment-727 [...] They provide three reasons why a hedge fund structure may be more conducive to alpha generation than a traditional long-only structure: protection of intellectual property (a.k.a. opacity), performance incentives (whose asymmetry, they say, can be mitigated through manager co-investment), and lack of constraints (a la Grinold’s “Fundamental Law of Active Management“).  [...] [...] They provide three reasons why a hedge fund structure may be more conducive to alpha generation than a traditional long-only structure: protection of intellectual property (a.k.a. opacity), performance incentives (whose asymmetry, they say, can be mitigated through manager co-investment), and lack of constraints (a la Grinold’s “Fundamental Law of Active Management“).  [...]

]]> http://allaboutalpha.com/blog/2007/01/17/fundamentalism-in-asset-management/comment-page-1/#comment-544 All About Alpha » Blog Archives » Alpha Generation in the NFL Mon, 12 Feb 2007 11:34:57 +0000 http://allaboutalpha.com/blog/2007/01/17/fundamentalism-in-asset-management/#comment-544 [...] Analytic Investors (see previous posting) calculates an “alpha” for NFL teams at the end of each season of American football.  They define this alpha as “the extent to which each team exceeded or underperformed its expectations”.  Essentially, they attempt to identify how well a team performed given the raw materials available to it.  While a comprehensive list of these raw materials isn’t listed anywhere, the “market” (i.e. bettors) collectively defines them via predicted margins of victory. Â We might refer to this alpha - this unexplainable quality - as “heart” or perhaps “skill” displayed by the head coach in making the most with what he was given. [...] [...] Analytic Investors (see previous posting) calculates an “alpha” for NFL teams at the end of each season of American football.  They define this alpha as “the extent to which each team exceeded or underperformed its expectations”.  Essentially, they attempt to identify how well a team performed given the raw materials available to it.  While a comprehensive list of these raw materials isn’t listed anywhere, the “market” (i.e. bettors) collectively defines them via predicted margins of victory. Â We might refer to this alpha - this unexplainable quality – as “heart” or perhaps “skill” displayed by the head coach in making the most with what he was given. [...]

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