http://allaboutalpha.com/blog/2008/05/01/1x0x0-and-the-hunt-for-african-alpha/ 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/2008/05/01/1x0x0-and-the-hunt-for-african-alpha/comment-page-1/#comment-300627 A “common sense approach for those who believe in active management” | Risk and Return Mon, 06 Jun 2011 20:18:01 +0000 http://allaboutalpha.com/blog/2008/05/01/1x0x0-and-the-hunt-for-african-alpha/#comment-300627 [...] Few active managers, even if they actually outperform their benchmarks, can overcome the expenses associated with doing so. The reason is not necessarily that they cannot do a good enough job of picking investments that can outperform, but that constrained to only going long they can’t make a big enough bet on what they like, or don’t like, to move the needle sufficiently! Here is a nice examination of this issue. [...] [...] Few active managers, even if they actually outperform their benchmarks, can overcome the expenses associated with doing so. The reason is not necessarily that they cannot do a good enough job of picking investments that can outperform, but that constrained to only going long they can’t make a big enough bet on what they like, or don’t like, to move the needle sufficiently! Here is a nice examination of this issue. [...]

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