Browsing: hedge funds

Posts Tagged ‘ hedge funds ’

HEDGE FUND ETFS: BETTER THAN THE ORIGINALS

May 12th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Retail Investing, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Alternative Investments in Context, ETFs, Macro and Managed Futures Funds, Relative Value Hedge Funds, Allocating to A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION As Amazon has been decimating large parts of the retail industry over the last two decades, ETFs have done the equivalent to the mutual fund industry in the financial world. Today ETFs are covering nearly all areas of the markets, no matter howRead More


‘There You Go Again’

May 6th, 2019 | Filed under: Newly Added, What about beta?, Private Equity, Debt Types of Private Equity, Hedge Funds, Equity Types of Private Equity, Other Issues in Private Investments, Alternative Investments in Context, Private Investments

By Bill Kelly, CEO, CAIA Association This now famous line was uttered by then citizen Ronald Reagan almost 40 years ago in a presidential debate with the incumbent Jimmy Carter. It was a simple and clever turn of a phrase acting as a counter-punch to Carter’s excoriation of Reagan’s priorRead More


Hedge Funds: The Strongest Quarterly Return Since the GFC

May 2nd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

March was a good month and the first quarter of 2019 was promising, according to the April report from Eurekahedge. The Eureka Hedge Fund Index gained 1.06% in March. This yields a first quarter return of 4.36%. As the report says, this is the strongest quarterly return since the globalRead More


State of the European Union: Alternative Lending

Apr 25th, 2019 | Filed under: Newly Added, The A.I. Industry, Debt Types of Private Equity, Hedge Funds, Other Issues in Private Investments, Private Investments

The state of alternative lending and pertinent regulation within the European Union is the topic of a new white paper co-authored by Allen & Overy, the multinational law firm, and the Alternative Credit Council (an affiliate of AIMA). The paper begins with the observation that over the last four yearsRead More


Hedge Funds and the EUR/CHF Trade

Apr 22nd, 2019 | Filed under: Newly Added, Hedge Fund Strategies, Currencies, The A.I. Industry, Equity Hedge Funds, Forex, Hedge Funds, Event-Driven Hedge Funds, The Global Economy & Currencies, Macroeconomics

Three scholars affiliated with JP Morgan Chase have written a paper on hedge fund behavior ahead of meetings of the Swiss National Bank, with the idea of shedding light on the consequences of the timing of central bank announcements more generally. They conclude that the SNB contributed to the volatilityRead More


REPLICATING FAMOUS HEDGE FUNDS

Apr 21st, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Alternative Beta & Hedge Fund Replication, Hedge Funds

By Nicolas Rabener @Factor Research INTRODUCTION In 1973, the U.S. Food and Drug Administration (FDA) published the first regulations that required the nutrition labeling of certain foods as consumers were left in the dark about what they were eating. The regulations evolved and culminated in the widely-recognized nutrition facts panelRead More


Hedge Funds: Deep-Diving Into the 2018 Numbers

Apr 18th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Structure of the Hedge Funds Industry

Martin McCubbin, a senior research analyst at Fidante, looks at the hedge fund performance numbers for 2018 in a new paper, which shows it was a difficult year. Early going in 2019 has been somewhat better, but that the “better” cannot be relied upon. The rest of this year couldRead More


Let WSYD Be Your Guide 

Apr 8th, 2019 | Filed under: Newly Added, What about beta?, Hedge Funds, Alternative Investments in Context, Allocating to A.I.

By Bill Kelly, CEO, CAIA Association WWJD has been a motto for certain holy rollers who ask, ‘What Would Jesus Do?’ in any variety of situations. Perhaps this phrase is meant to serve as an ethical guide or a touchstone back to someone who might just know what is right more than you do. ThisRead More


High-Frequency-Trading Firms: Fast, Faster, Fastest

Apr 2nd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Algorithmic and high-frequency trading, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Business News

Many high-frequency trading (HFT) firms have disappeared into larger firms as merger activity has increased recently. Those acquired include Chopper, Infinium, Teza, RGM Advisors, and Sun Trading. It also includes Getco, the Chicago-based firm founded in 1999 by two former floor traders that almost defined the field for some time.Read More


Corporate Distress and Its Derivatives

Mar 31st, 2019 | Filed under: Newly Added, Derivatives, The A.I. Industry, CDO Structuring and Credit RIsk, Hedge Funds, Event-Driven Hedge Funds, Credit Derivatives, Structured Credit Products, Structured Products

Henry T.C. Hu, of the University of Texas at Austin, School of Law, has written an article on the “information asymmetries” that are associated with corporations that are in financial distress, but not under bankruptcy court protection. It is an article that sends us back to the Christmas selling seasonRead More


Eurekahedge: Light at the End of Trade-War Tunnel?

Mar 25th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds

During the Vietnam War era, the metaphor of “light at the end of a tunnel” expressed American optimism under stress, The image was supposed to convey the idea that the US and its local allies could eventually attain a favorable peace in that country if only they persevered—that the lightRead More


Hedge Funds: Observing the Unobserved Performance

Mar 14th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Performance, Analytics & Metrics, Hedge Fund Strategies, The A.I. Industry, Alpha & Beta, Benchmarking & Performance Attribution, Hedge Funds, Structure of the Hedge Funds Industry

Two different strands of scholarly research into hedge fund performance produce markedly different conclusions. There is the returns-based approach, which finds that the average hedge fund manager does better than the market portfolio, net of fees. But there is also a holdings-based approach, which looks at the performance of theRead More


Pension Funds Not Quite Swamped by ‘Grey Tsunami’

Mar 5th, 2019 | Filed under: Newly Added, Real Estate, Private Equity, Hedge Fund Strategies, Infrastructure, The A.I. Industry, Equity Hedge Funds, Debt Types of Private Equity, Institutional Investing, Asset allocation, Hedge Funds, Event-Driven Hedge Funds, Equity Types of Private Equity, Natural Resources and Land, Asset Allocation Models, Commodities, Operationally Intensive Real Assets, Institutional Asset Management, Macro and Managed Futures Funds, Private Investments, Real Estate Equity Investments, Real Assets, Allocating to A.I.

A recent study of public employee retirement systems in the United States reaches conclusions, that, after a fair amount of “grey tsunami” alarmism in recent years, sound reassuring. The study, based on a recent survey of system managements conducted by the National Conference of Public Employee Retirement Systems (NCPERS) inRead More


Hedge Funds Stronger in January, Thanks to The Fed

Mar 3rd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Performance, Analytics & Metrics, Hedge Fund Strategies, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Benchmarking & Performance Attribution, Hedge Funds, Event-Driven Hedge Funds, Funds of Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

Risk-on sentiment returned in January, with good news on trade talks and with the Federal Reserve in the United States putting some distance between itself and its 2018 hard-money stance (the Fed started saying in January that it would be “patient” about selling off-balance sheet assets). Globally, hedge funds grewRead More


Defined Contribution Schemes in Britain: Encouraging a Broader Portfolio

Feb 28th, 2019 | Filed under: Newly Added, Consultants, Private Equity, The A.I. Industry, Institutional Investing, Alpha Strategies, Hedge Funds, Equity Types of Private Equity, Institutional Asset Management, Private Investments, Allocating to A.I.

Britain’s All-Party Parliamentary Group on Alternative Investment Management has published a paper on the country’s pensions. It’s focus is defined contribution schemes especially and the demographic strain they face, and the prospect of their moving more heavily into alternative assets and strategies in response. Defined benefit schemes “have some freedomRead More


Green Bonds: The Future of Infrastructure Investing

Feb 24th, 2019 | Filed under: Newly Added, Commodities, Infrastructure, Investing in Commodities, Debt Types of Private Equity, Institutional Investing, Socially responsible investing, Hedge Funds, Commodities, Operationally Intensive Real Assets, Climate change, Institutional Asset Management, Private Investments, Real Assets, SRI and Clean Energy, Other Topics in A.I.

Two scholars affiliated with the Centre for International Governance Innovation, Waterloo, Canada, have taken a look at the future of green bonds, that is, bonds whose proceeds are employed to fund environmental initiatives. The paper, by Olaf Weber and Vasundhara Saravade, begins with a guesstimate as to the amount ofRead More


M&A Deal-Flow Faltering & Brexit is One Culprit

Feb 17th, 2019 | Filed under: Newly Added, Private Equity, Hedge Fund Strategies, The A.I. Industry, Hedge Funds, Event-Driven Hedge Funds, Equity Types of Private Equity, Private Investments

The latest Intralinks Deal Flow Predictor says that the current M&A upcycle, which this report describes as having begun in 2014, is about to peak. There will still be some short-term upward movement, especially given the existence of a lot of private equity fund “dry powder,” from recent successful fundraising.Read More


The Survey Says… 

Feb 11th, 2019 | Filed under: Newly Added, What about beta?, Consultants, Hedge Fund Strategies, Institutional Investing, Hedge Funds, Asset Allocation Models, Alternative Investments in Context, Institutional Asset Management, Private Investments, Allocating to A.I.

By Bill Kelly, CEO, CAIA Association Earlier this year, we surveyed the CAIA Association Membership to ascertain their views on investment-related topics as we step into 2019. We had well over 1,000 responses which, according to the statisticians, puts us in the 95% confidence interval, plus or minus 3%. The respondents’ geographic breakdown tracked the home region of our broader Member base, andRead More


Women in Alternative Investments: ‘Leveraging Diverse Perspectives’

Feb 10th, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Institutional Investing, Venture capital, Hedge Funds, Institutional Asset Management, Private Investments

“With change happening at an unprecedented pace, it is fitting that alternative investment firms are strategically focused on leveraging diverse perspectives in these disruptive times,” says KPMG Chairman and CEO Lynne Doughtie, “The Call to Act,” a new paper that looks at the roles of women in the alternative investmentRead More


Assessing Risk Measurement for a Portfolio of Hedge Funds

Jan 27th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Operations and Risk Management, Hedge Fund Strategies, The A.I. Industry, Risk management, Technology, Hedge Funds, Risk Metrics and Measurement, Risk Management Strategies & Processes, Structure of the Hedge Funds Industry, Risk Management & Operations

Two scholars, Shubeur Rahman and Ranjan Bhaduri, have in a new paper taken a fresh look at a long-standing dilemma in the alternative investments industry. The question is: how should investors in hedge funds (especially in a multi-asset class, multi-strategy portfolio of hedge funds) measure the market risk inherent inRead More


Eurekahedge: The Grinch Stole December’s Returns

Jan 22nd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Asset Managers, Indexes, Hedge Funds

The Eurekahedge Hedge Fund Index was down for the month of December 1.31%, and that this brought the total decline of 2018 down to 3.85%, according to the January 2019 report. Part of the reason for the bad December numbers was a broad concern about the yield-curve inversion in USRead More


Nick Pollard: The View from Mumbai

Jan 21st, 2019 | Filed under: Newly Added, The A.I. Industry, Hedge Funds, The Global Economy & Currencies, Emerging markets, Economics, Macroeconomics

On Jan. 11,  the CFA Society India hosted the 9th Annual India Investment Conference in Mumbai. CAIA was a platinum sponsor of this event.  The theme of this year’s IIC was “investing insights for uncertain times.” Nick Pollard, Managing Director, Asia Pacific at CFA Institute, kicked things off with aRead More


Dark Pools and the Value of Information

Jan 16th, 2019 | Filed under: Newly Added, The A.I. Industry, Operations, Hedge Funds, Event-Driven Hedge Funds, Risk Management & Operations

Activist hedge funds can always be expected to trade both in lit exchanges and in dark pools, in the course of accumulating the equity stake that in turn will give them sway at an annual meeting or inside the boardroom. That is one inference from a model developed for theRead More


Hedge Funds in Venture Capitalist Clothing

Jan 3rd, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Debt Types of Private Equity, Venture capital, Hedge Funds, Equity Types of Private Equity, Private Investments

A new study of hedge funds that are engaged in the venture capital space, written by George O. Aragon, Emma Li, and Laura Lindsey, contends that some hedge funds quite successfully exploit their expertise in the value of the publicly owned portion of specific industries when they enter the private/ventureRead More


Top 5 Alpha Stories of 2018

Dec 30th, 2018 | Filed under: Newly Added, Private Equity, Hedge Fund Strategies, The A.I. Industry, Regulatory Environment, Hedge Funds, Event-Driven Hedge Funds, Equity Types of Private Equity, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Other Issues in Private Investments, Private Investments

Five stories stand out as the dominant stories for and about pursuers of alpha in the year just passed. There is nothing arbitrary about the list below. We admit, though, that the order in which we present them is arbitrary: that is, it is not a ranking, and it isRead More


Eurekahedge: A Rough Time for the European Mandate Funds

Dec 25th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

European hedge fund managers continue to suffer from the uncertainties of the United Kingdom’s impending exit from the EU. The latest report from Eurekahedge says that European hedge funds have posted losses in eight of the first eleven months of 2018. They haven’t been in the positive numbers since July,Read More


Where do Hedge Fund Activists Get Their Ideas?

Dec 18th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds

Huimin Chen, and Thomas Shohfi, both of the Lally School of Management, Rensselaer Polytechnic Institute, have written a fascinating article on the relationship of sell-side analysis and hedge fund activism. Chen and Shohfi shed some light on the old question: where do hedge funds get their trading/investing ideas? They believeRead More


Who Killed the Brokaw Paper Mill?  Not the usual hedge fund suspects

Dec 2nd, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Insolvency, Hedge Funds, Event-Driven Hedge Funds, Business News

A new paper in the Journal of Business, Entrepreneurship, and the Law looks at the “Brokaw bill” of 2016 and at the facts said to have motivated it. This turns out to be an object lesson in how scary hedge funds, especially activist hedge funds, look to legislators, and theRead More


EYES ON THE ALTERNATIVE INVESTMENT PRIZE: 4 THEMES FOR 2019

Nov 28th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Private Equity, Venture capital, Hedge Funds

By Diane Harrison We’ve reached that time of the year again, when prognosticators are producing all manner of publications centering on how the 2019 investment landscape will likely take shape. Robeco issued a white paper in October, ‘Turbulence Ahead: Investment Outlook 2019,’ in which they state ‘…next year we expectRead More


Steamrollers, Geniuses and Market Crashes

Nov 27th, 2018 | Filed under: Newly Added, Hedge Fund Operations and Risk Management, The A.I. Industry, Risk management, Operations, Hedge Funds, The Global Economy & Currencies, Risk Management Strategies & Processes, Relative Value Hedge Funds, Risk Management & Operations, Finance & Economics

McGraw Hill Education has brought out a new book by Bruce I. Jacobs, of Jacobs Levy Equity Management. The book, Too Smart for our Own Good, concerns “ingenious investment strategies, illusions of safety, and market crashes.” The thesis is that the financial crises of recent decades are the consequence ofRead More


Eurekahedge: Hedge Funds Failing to Perform in 2018

Nov 25th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Allocating to A.I.

The newest Eurekahedge report says that hedge funds globally are experiencing their worst year since 2008. They are down -2.15% for 2018 to date and in the first 10 months of 2008 they were down a full 9.55%. Other Year-to-Date Numbers Only a minority (roughly 47%) of hedge fund managersRead More


EY Reports on Alternative Investments and Artificial Intelligence

Nov 13th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Private Equity, Hedge Fund Strategies, The A.I. Industry, Risk management, Hedge Funds, Private Investments

The twelfth annual report of what used to be known as the EY Global Hedge Fund Survey has been re-christened the EY Global Alternative Fund Survey. As it has under the earlier name, EY again records the views of fund managers and investors around the globe on a wide rangeRead More


Panayiotis Lambropoulos: The View from a Public Pension Manager’s Office

Nov 11th, 2018 | Filed under: Newly Added, Hedge Fund Operations and Risk Management, The A.I. Industry, Due Diligence Process, Institutional Investing, Alpha Hunters, Risk management, Asset allocation, Hedge Funds, Asset Allocation Models, Alternative Investments in Context, Institutional Asset Management, Risk Management Strategies & Processes, Risk Management & Operations, Allocating to A.I.

On Nov. 13, the 24th Annual National Pension and Institutional Investment Summit convenes in Dallas Texas. CAIA is a sponsor of this event. Panayiotis Lambropoulos, portfolio manager of hedge funds at the Employees Retirement System of Texas, will offer his insights at a panel on emerging hedge fund managers. Lambropoulos’Read More


Avoiding Over-Allocation to Alternative Investments

Nov 6th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Institutional Investing, Risk management, Asset allocation, Hedge Funds, Asset Allocation Models, Risk Metrics and Measurement, Institutional Asset Management, Private Investments, Risk Management Strategies & Processes

A new white paper from New York Life looks at the role of alternatives in portfolio construction and argues that usual risk-return based approaches can underestimate risk and lead to over-allocation to the alternatives. The paper, by Amit Soni, an NYL portfolio manager, proposes a new method “to quantify performanceRead More


A Preqin Prequel? 

Nov 5th, 2018 | Filed under: Newly Added, What about beta?, The A.I. Industry, Industry Size & Managers, Private Investments, Real Assets, Allocating to A.I.

By Bill Kelly, CEO, CAIA Association In the world of cinema, by most accounts, it is The Godfather Part II that holds the top spot for best movie prequel. Interestingly, by design and title, it is also a sequel. Sequels at the box office are often panned but this production wasRead More


Volatility & Creative Destruction: Some Pieces of the Larger Puzzle

Nov 4th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Hedge Funds, Private Investments

The President’s Letter at the start of the latest Investment Quarterly from Neuberger Berman, the investment management spin-off from the late Lehman Brothers, looks at US stock market volatility through October, and fits it into the broader business-cycle picture. President (and CIO) Joseph Amato observes that optimists will look atRead More


The View from Toronto: Ratios Aren’t Set in Stone

Oct 30th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Asset allocation, Hedge Funds, High-net-worth investors, Asset Allocation Models, Institutional Asset Management, Family Offices, Allocating to A.I.

On Oct. 29, the AIMA Canada Investor Forum 2018 convened at Sheraton Centre, Toronto. The event focused on new innovations in the world of alternative finance, brought about by a combination of investor demand and technological change. The forum kicked off with a discussion about the current role of hedgeRead More


Hedge Funds in a Time of Wear and Tear

Oct 21st, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Relative Value Hedge Funds

The latest report from Eurekahedge tells us that Asia-focused strategies in the hedge fund universe are showing the wear and tear of the US/China trade dispute. The Eurekahedge Greater China Hedge Fund Index shows losses of 8.16% through the first nine months of the year. The Eurekahedge commentary observes thatRead More


Hedge Funds in the Slow-down Phase

Oct 9th, 2018 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

Fidante Partners, part of the Challenger Limited Group, has issued a white paper on the performance of hedge funds of various strategies in the slowdown and recession phases of a business cycle. The report, written by Joachim Klement, Fidente’s head of investment research, posits that the world is now inRead More


Self-Organizing Maps for Selecting Hedge Funds

Oct 9th, 2018 | Filed under: Newly Added, Performance, Analytics & Metrics, Hedge Fund Strategies, The A.I. Industry, Asset allocation, Benchmarking & Performance Attribution, Hedge Funds, Asset Allocation Models, Risk Management Strategies & Processes, Allocating to A.I.

A new paper by Claus Huber, of Rodex Risk Advisers, looks at machine learning for risk analysis, working especially from the “self-organizing maps” associated with Finnish Professor Teuvo Kohonen. A SOM is a low-dimensional representation of input space (thinking of it as two dimensional makes the “map” analogy intuitive, andRead More


Goldman Sachs Equity Hedge Fund Report Deep Dives 13Fs

Oct 7th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Alpha Strategies, Risk management, Hedge Funds, Risk Management Strategies & Processes, Structure of the Hedge Funds Industry

Working from a database drawn from 13F filings, authors of a new report from Goldman Sachs Asset Management maintain: (1) hedge funds tend to overweight equities in three markets: information technology, consumer discretionary, healthcare; (2) quarter-on-quarter turnover for equity hedge funds’ portfolios is limited; and (3) a long-only sample portfolioRead More


Peeling the Onion of Equity Hedge Fund Alpha

Oct 4th, 2018 | Filed under: Newly Added, CAPM / Alpha Theory, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Financial Economics Theory, Hedge Funds, Finance & Economics

The founder of CEO of MSR Indices, a Parsippany, N.J.-based index-investors consultancy, has authored a white paper on target volatility, also known as intertemporal risk parity. The gist of the paper is that: (1) equity hedge funds do secure alpha for their investors, obvious if one measures their performance againstRead More


European Hedge Funds and their Prime Brokers

Sep 30th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Structure of the Hedge Funds Industry

A recent article by three Deloitte risk advisory executives looked at what European hedge fund managers value most in their prime brokers. The short answer: counterparty strength; good working relationships; competitiveness of fees; and the performance of core PB roles at a high level. Let’s drill down a bit intoRead More


Intralinks/Global Fund Media Survey of LPs Shows Satisfaction

Sep 25th, 2018 | Filed under: Newly Added, Real Estate, Private Equity, The A.I. Industry, Debt Types of Private Equity, Liquid and Fixed Income Real Estate, Institutional Investing, Hedge Funds, Equity Types of Private Equity, High-net-worth investors, Other Issues in Private Investments, Endowments & Foundations, Institutional Asset Management, Private Investments, Real Estate Equity Investments, Family Offices, Real Assets, Allocating to A.I.

Intralinks has once again collaborated with Global Fund Media in a survey of limited partners on their satisfaction with recent results and on how they see global investment opportunities near-term. As to satisfaction: 18% of LPs say that their results from alternative investments have been better than they expected. ARead More


The Connection between Audit Fees and Derivative Hedging

Sep 11th, 2018 | Filed under: Newly Added, Hedge Fund Operations and Risk Management, The A.I. Industry, Risk management, oil, Commodities, Commodities: Examples, Risk Management Strategies & Processes

It is generally acknowledged that there exists a positive association between business risk and audit fees. There is room for dispute as to what that means. On the one hand, the riskier clients for whom an audit firm works might simply be the ones that have the most complicated books,Read More


Asia-Pacific Region Will Continue to Dominate M&A Activity in 2H2018

Aug 21st, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds

Intralinks has issued its Deal Flow Predictor for mergers and acquisitions activity through the fourth quarter of 2018. This report doesn’t involve a crystal ball, nor the leak of inside information. Rather, Intralinks tracks early-stage M&A activity, the better to predict the volume of as-yet unmade announcements. The gist ofRead More


Kurtosis Diagnosis: Don’t get Skewed!

Aug 20th, 2018 | Filed under: Newly Added, What about beta?, The A.I. Industry, Risk management, Risk Metrics and Measurement, Risk Management Strategies & Processes

By Bill Kelly, CEO, CAIA Association The quote “what gets measured gets managed” is oft-times attributed to the author and consultant Peter Drucker. The origin is less significant than its modern-day meaning and, while it is most often used in the context of business management, it ports quite well into the management ofRead More


Eurekahedge: Hedge Funds Trailing Behind Last Year’s Performance

Aug 19th, 2018 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds

According to Eurekahedge, with the July numbers on hedge fund performance now available, 8.5% of hedge fund managers have posted double-digit gains in 2018 to date. Most of that gain is focused on those with a long/short equities mandate. That number is quite low. Eurekahedge contrasts it with the firstRead More


Central banks: Hedge fund friend or foe?

Aug 12th, 2018 | Filed under: Newly Added, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Relative Value Hedge Funds

Are central bankers friends or foes of hedge funds and other seekers of alpha? In particular, what is the answer to this friend-or-foe question for the period since the global financial crisis a decade ago, where the central bankers with whom we are especially concerned are those at the USRead More


Hedge Funds Arms Race for Alpha

Aug 10th, 2018 | Filed under: Newly Added, Consultants, Hedge Fund Strategies, The A.I. Industry, Institutional Investing, Hedge Funds, Commodities, Endowments & Foundations, Institutional Asset Management

By Don Steinbrugge It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an index requires an information advantage over what is broadly available in market.  ItRead More