Browsing: 130/30

130/30

130/30 Indices: True indices or like playing chess against a computer?

Jan 7th, 2008 | Filed under: 130/30

They say anything worthwhile should be measured. But does everything worthwhile really need an "index"? A controversial new paper on 130/30 indexation redefines the term.Read More


What’s behind Trusco’s partial acquisition of 130/30 manager Alpha Equity?

Jan 6th, 2008 | Filed under: 130/30

No matter how hard they try, there is one thing mega money managers can't build overnight: six years of experience. So in hot areas like 130/30, this invariably leads to one thing: acquisitions. Read More


Alternative Viewpoints: 130/30 “not monolithic” but does represent a “convergence” in money management

Jan 1st, 2008 | Filed under: 130/30

Morningstar's Steve Deutsch has a bird's-eye view of the burgeoning 1X0/X0 field. Today, he shares this perspective, concluding that money managers are stealing a page from the telecom playbook.Read More


There’s a network who’s sure…all that glitters is gold

Dec 11th, 2007 | Filed under: 130/30

What does Led Zeppelin have to say about long/short funds? Thankfully, you don't have to play Stairway to Heaven backwards to find out. Read More


Is the 130/30 price right?

Nov 28th, 2007 | Filed under: 130/30, Fees

Like contestants on the venerable game show, The Price is Right, institutional investors seem to be taking wild guesses at the right price for 130/30 funds.Read More


S&P follows CS into 130/30 index business

Nov 20th, 2007 | Filed under: 130/30

S&P announced yesterday that they would offer a 130/30 "index" based on the firm's STARS stock-ranking methodology. But what exactly is it an index of?Read More


Fixed Income 130/30 comes out of hiding

Nov 12th, 2007 | Filed under: 130/30

After we wrote a posting last spring about 130/30 in the world of fixed income, the strategy seemed to go underground. But it's poking its head back above the ground now.Read More


130/30 Quant vs. Fundamental: Quants have a bigger spice cabinet

Nov 11th, 2007 | Filed under: 130/30

Fundamental managers may well catch up to quants in the 130/30 game. But quant managers will always have one advantage: a bigger pantry.Read More


A Shortage of Shorts?

Nov 8th, 2007 | Filed under: 130/30

Think you know the stock lending market? 130/30 fees? Whether quants are better at 130/30? How about whether portable alpha and 130/30 are cousins? If so, you may be the only one.Read More


Another 130/30 RFP…Anyone?…Anyone?…Bueller?

Nov 6th, 2007 | Filed under: 130/30

Another appeal has gone out for anyone with a three-year 130/30 track record. But it appears that responses must continue to be a little thin. Read More


First Quadrant challenges convention on short-extension strategies

Nov 1st, 2007 | Filed under: 130/30

In this guest posting, First Quadrant's Jia Ye says a short-extension strategy can certainly improve a manager's information ratio. But she warns that 1X0/X0 may not always be a good thing. Read More


Updated 1X0/X0 leader board

Oct 29th, 2007 | Filed under: 130/30

According to a survey released today, 1X0/X0 has nearly doubled in six months - not a bad haul considering that institutional investors tend not to make a lot of investment decisions over the summer.Read More


Two ways to present “balance” in 130/30 discussion

Oct 25th, 2007 | Filed under: Media Coverage of Hedge Funds, 130/30

Two articles this week aim to provide a "balanced" view of 1X0/X0 funds. One because its analysis is dispassionate and one because it tries its darndest to create controversy.Read More


(Bilingual) Reader Mail: Many managers “poorly equipped” for 130/30

Oct 15th, 2007 | Filed under: 130/30

A reader writes us today about the risks and challenges of 130/30 - in both English and in Chinese.Read More


120-20 reaches mythical proportions?

Oct 14th, 2007 | Filed under: 130/30

Bruce Jacobs and Kenneth Levy, two of the finance world's most prolific authors on the topic of short-selling and long-short portfolios, have released a new article on 1X0/X0 (while Jacobs also stars in a recent webcast on the topic). Read More


The day 130/30 bought the farm

Oct 3rd, 2007 | Filed under: 130/30

We buy the intuitive and academic rationale for 130/30 strategies. But sometimes we wonder if "130/30" is becoming like ".com" - a name attached to anything in order to generate excitement. Read More


Note to Cambridge Retirement Board: Good luck with that RFP…

Sep 20th, 2007 | Filed under: 130/30

A U.S. municipal employees' pension plan has issued a request for proposals to the 130/30 community. The only problem is, barely anyone in the community actually qualifies to bid.Read More


130/30 a moving target according to originators of the craze

Sep 19th, 2007 | Filed under: 130/30

A paper released over the summer by four men who are often considered originators of 130/30 says that the most desirable level of shorting (of "X" in 1X0/X0) actually fluctuates over time according to market factors.Read More


New study finds 130/30 outperforms long-only in back tests

Sep 18th, 2007 | Filed under: 130/30

Since 130/30 funds are so new, there is precious little historical data to analyse. But now one manager has come up with a way to back-test 130/30 strategies to see how they would have performed over the past 13 years.Read More


130/30 A New Paradigm or A Fad? Exclusive results from new survey.

Sep 5th, 2007 | Filed under: 130/30

Today we release the results of our recent poll of attitudes toward the much-talked-about 130/30 investment strategy. Read More


Existing mutual fund analysis woefully unprepared for 130/30

Aug 16th, 2007 | Filed under: 130/30

With 130/30 funds moving on to the retail investor's agenda, we had a quick look at how well they are currently analysed and marketed. Our conclusion: we've got a long way to go.Read More


AllAboutAlpha.com partners with global HF conference firm on new 130/30 survey

Aug 15th, 2007 | Filed under: 130/30

Visitors to our Events Section may have noticed that many of the world’s leading conferences on portable alpha, 130/30 and hedge fund replication are organized by Terrapinn or one of its subsidiaries.  Terrapinn’s events in this area have featured industry leaders such as Harry Kat, Bill Fung, David Hsieh, Rob Arnott, Thomas Schneeweis,Read More


UBS to manage 130/30 fund aimed at retail investors

Aug 8th, 2007 | Filed under: 130/30

Canadian fund manager Brompton Group announced last week that UBS will sub-advise a closed-end 130/30 offering targeted at retail investors. Read More


Is 130/30 “optimal”? (Part 2 of 2)

Aug 2nd, 2007 | Filed under: 130/30

According to a recent report from Citigroup, several factors determine the "optimality" of 130/30. In the second of two exclusive postings on the report, its author discusses these variables.Read More


New research explores whether 130/30 is actually “optimal”

Aug 1st, 2007 | Filed under: 130/30

In late June, Citigroup released a comprehensive 36 page quantitative analysis of 1X0/X0 strategies.  We found that the report went beyond similar studies and reached a number of useful conclusions about the optimal X in 1X0/X0.  The paper’s lead author, London-based Citigroup MD Manolis Liodakis has written this summary exclusively forRead More


Is 130/30 Always “High Conviction”?

Jul 25th, 2007 | Filed under: 130/30

A recent 1X0/X0 fund launch describes the strategy as a "high conviction" strategy. But are 1X0/X0 and "high conviction" actually synonymous? Read More


Get Shorting

Jul 24th, 2007 | Filed under: 130/30

Short-selling is all the rage. But how much of it is a straight market call and how much of it is the result of a secular shift to portable alpha, 130/30, and other alpha-centric strategies?Read More


Conference proceedings amount to alpha-centric radar screen

Jul 15th, 2007 | Filed under: Portable Alpha & Alpha/Beta Separation, 130/30

A conference covering portable alpha, 130/30, LDI and related strategies has recently released its proceedings to the public. While they contain no new research, they show what's currently on the alpha-centric radar screen.Read More


So much for “double alpha”

Jun 4th, 2007 | Filed under: CAPM / Alpha Theory, 130/30

Long/short managers often say they produce alpha on the long and short sides of their portfolios. But in a world where good shorts are getting hard to find, whither "double alpha"?Read More


Institutional Sales Professionals Ramp-up on 130/30

May 21st, 2007 | Filed under: 130/30

The Association of Investment Management Sales Executives (AIMSE) met in Scottsdale, Arizona earlier this month. Naturally, 1X0/X0 was on the agenda and several presentations are worthy of a second look.Read More


Mutual fund investors now boarding the 130/30 express

May 16th, 2007 | Filed under: 130/30

Russell recently announced that it was adding more 1X0/X0 to one of its retail mutual funds. To an existing 120/20 mandate, it is now allowing a second sub-advisor to go 130/30. All aboard! Read More


Wait a Second. Didn’t we fish there already?

May 14th, 2007 | Filed under: 130/30

The wildly successful 130/30 investing strategy can be described as a long-only fund with a hedge fund component. So why didn’t it sell that well in it’s earlier incarnation as a hedge fund with a long-only component? Read More


130/30: View from the trading desk

May 8th, 2007 | Filed under: 130/30

It's easy to get caught up in abstract ideas such as alpha and beta. But as this article illustrates, the mechanics of 130/30 raises some interesting questions. Read More


EVENT: Portable Alpha & 130/30 Strategies 2007

Apr 18th, 2007 | Filed under: Portable Alpha & Alpha/Beta Separation, 130/30

Location: New York Dates: November 7-9, 2007 Organized By: Terrapinn In a great example of real-time market response, organizers of “Portable Alpha USA” have recently added “130/30” to the mix. While these two topics might appear to be slightly different species, we argue that they are part of the sameRead More


130/30 League Table: major league assets in the early innings

Apr 16th, 2007 | Filed under: 130/30

Pensions & Investments reports today that institutional money managers now manage, you guessed it, $30 billion in 130/30 “or similar equity strategies” ($29.9 billion to be precise).Read More


A Brief History of “130/30”

Apr 16th, 2007 | Filed under: 130/30

How did such an awkward term arise from nowhere so quickly to capture our collective imagination? Read More


New Casey Quirk Report: Portable Alpha, LDI, & 130/30 are “Up and Comers”

Apr 9th, 2007 | Filed under: Hedge Fund Industry Trends, 130/30

Consultant Casey Quirk and database provider eVestment Alliance published their “2007 Consultant Search Forecast” last week - and it's a clear reaffirmation of our mission at AllAboutAlpha.com.Read More


Fixed income 130/30 produces “Pru Alpha” (that’s not a typo)

Apr 4th, 2007 | Filed under: 130/30

The classic portable alpha model usually involves long and short investments in equities. But Prudential Financial is now talking about “the burden of the long-only constraint” in fixed income portfolios.Read More


When hiring a fund manager with a conviction can be a good thing.

Apr 1st, 2007 | Filed under: 130/30

“High conviction”. The very term conjures up images of Martha Stewart, Bernie Ebbers or some hedge fund blow up. But the term is also being used to describe an emerging alpha-centric approach to investing.  In this case, however, “high conviction” refers to the manager’s belief in their stock picks, notRead More