http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/ 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/2007/06/12/overlays-wake-up/comment-page-1/#comment-12386 Alpha Male Mon, 25 Jun 2007 21:01:59 +0000 http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/#comment-12386 Bob, Thanks for the clarification...not a quibble at all. Bob, Thanks for the clarification…not a quibble at all.

]]> http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/comment-page-1/#comment-12382 Bob Kulperger Mon, 25 Jun 2007 19:51:16 +0000 http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/#comment-12382 Not to quibble (because I hate to be a quibbler) but the quote attributed to me was actually supposed to be an example of overlay (as found in the last sentence in the quote: "a type of overlay"), not my or Northwater's definition of overlay. I don't think my view is in contrast to that of CPP or any other Canuck. In fact, my earlier quote in the Hedgeworld article was more in agreement with your point on the P&I numbers and the CPP use of overlay ("the uses of overlay are almost endless"). Not to quibble (because I hate to be a quibbler) but the quote attributed to me was actually supposed to be an example of overlay (as found in the last sentence in the quote: “a type of overlay”), not my or Northwater’s definition of overlay. I don’t think my view is in contrast to that of CPP or any other Canuck. In fact, my earlier quote in the Hedgeworld article was more in agreement with your point on the P&I numbers and the CPP use of overlay (“the uses of overlay are almost endless”).

]]> http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/comment-page-1/#comment-11265 Tris Lett Wed, 13 Jun 2007 09:37:34 +0000 http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/#comment-11265 From my point of view, active overlay and portable alpha are one and the same class of stratgeies that incorporate one necessary ingredient; alpha/beta separation. In its typical form it involves a cash investment and a derivative. The overlay(notional)can be the beta portion or the alpha portion as can the cash portion, but not usually at the same time. From my point of view, active overlay and portable alpha are one and the same class of stratgeies that incorporate one necessary ingredient; alpha/beta separation. In its typical form it involves a cash investment and a derivative. The overlay(notional)can be the beta portion or the alpha portion as can the cash portion, but not usually at the same time.

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