Browsing: Retail Investing

Retail Investing

Active Management, the Business Cycle, and the Silk Road

Jul 31st, 2018 | Filed under: Allocating to A.I., Alpha & Beta, Finance & Economics, Macroeconomics, Newly Added, Other Topics in A.I., Retail Investing, The Global Economy & Currencies

LPL Financial’s 2018 Forum Conference for investors took place in Boston this week, Sunday through Tuesday. This is an annual event that brings together thousands of advisors and program managers to discuss industry issues and new products. LPL is an independent broker-dealer headquartered in Boston, with offices in Fort Mill,Read More


Apr 20th, 2018 | Filed under: Newly Added, Retail Investing

By Diane Harrison Technology advances have infiltrated every corner of finance, including the world of wealth management. While few can argue with the positives of automated, algorithm-based portfolio management platforms, the advent of the cost-efficient, dispassionate robo-advisor has struck fear into the heart of many a financial advisor and fundRead More

Can We All Participate in The Next Unicorn?

Aug 28th, 2017 | Filed under: Crowdfunding, Emerging Alternative Investments, Newly Added, Other Topics in A.I., Retail Investing, The A.I. Industry

Excerpted from the Alternative Investment Analyst Review, Volume 6, Issue 1 The Alternative Investment Analyst Review is the official publication of the CAIA Association. Access to the most current issue is an exclusive benefit of CAIA Membership while archived issues are available to the public in the Perspectives section atRead More

Active vs. Passive Money Management

Apr 11th, 2016 | Filed under: Allocating to A.I., High-net-worth investors, Institutional Asset Management, Newly Added, Other Topics in A.I., Retail Investing

By Baird’s Asset Manager Research Exploring the costs and benefits of two alternative investment approaches Synopsis Proponents of active and passive investment management styles have made exhaustive and valid arguments for and against both approaches. Each has its merits and inherent drawbacks, and this paper will not endorse one styleRead More

Fiduciary Duty: Do Investors Know What It Means?

Feb 23rd, 2016 | Filed under: Family Offices, High-net-worth investors, Institutional Asset Management, Newly Added, Other Topics in A.I., Regulatory Environment, Retail Investing, The A.I. Industry

According to a new Spectrem Group whitepaper, most investors questioned believed (usually erroneously) that their advisors have a fiduciary responsibility in caring for their money.Read More

Alternative Multi-Manager Mutual Funds: What’s the Value Proposition, Again?

Jan 25th, 2016 | Filed under: Alternative Mutual Funds, Fees, Hedge Fund Industry Trends, Liquid Alternative Investiments, Liquid Alts, Newly Added, Other Topics in A.I., Retail Investing, Structure of the Hedge Funds Industry

By Andrew Beer New products are sold on a story.  For alternative multi-manager mutual funds – most of which have launched since 2012 – the pitch goes something like this:  we can find top tier hedge fund managers to run various alternative investment strategies – equity long/short, relative value, macro,Read More

‘Women of the Street’—Not Just Another War Story

Jul 22nd, 2015 | Filed under: Alpha Hunters, Alpha Seekers, Alpha Strategies, Institutional Investing, Retail Investing

Meredith Jones' book on investing in women takes it to the Street and comes back with some solid conclusions.Read More

Hybrid Equity: Another Perspective on Private Equity

Jun 14th, 2015 | Filed under: Alpha Hunters, Alpha Strategies, Hedge Fund Industry Trends, Liquid Alts, Private Equity, Retail Investing

Managers who offer funds that provide shorter time frames to investment exits, greater liquidity through a hedge fund structure, and employ the event-driven skill set that identifies and manages an investment portfolio yielding private equity-like returns are finding increased interest from an investment community seeking returns married with reasonable liquidity. Read More

ESMA to Member States: You’re Not Doing Enough Re: MiFiD

Mar 18th, 2015 | Filed under: Institutional Investing, Regulatory, Retail Investing

A newly released report tells us that ESMA is unhappy with the national "competent authorities" as to how they've enforced MiFiD. the report implies that the adjective in the phrase "competent authorities" is to be understood as a courtesy rather than a description. Read More

Case study: Straits gives managed futures a facelift

Dec 18th, 2014 | Filed under: Commodities, Retail Investing

As alternative investments become more mainstream, managers who traditionally have operated in the alternatives arena face a number of questions, including what is the right offering, the proper structure and how do we market the new vehicle. Guest columnist Ginger Szala examines the thought processes of one group as they made the leap to retailization.Read More

Investment Advisors, Investors and Beauty Contests

Nov 6th, 2014 | Filed under: Alpha Hunters, Asset allocation, High-net-worth investors, Retail Investing

n a new book, Charlotte Beyer tells investors that having the right advisor isn't suckerdom. It can in fact be insurance against suckerdom. So: how does an investor find the right advisor? Read More

Liquidity Makers and Takers: A Nobel Prize

Oct 19th, 2014 | Filed under: Retail Investing

The latest Economics Award has drawn the attention of the world briefly to a body of work that has a number of points of interest for the alt-investment community. Read More

Not Your Grandfather’s Market: The Evolution of Liquid Alternatives

Oct 5th, 2014 | Filed under: Alpha Hunters, Alternative Mutual Funds, Liquid Alts, Retail Investing

Guest columnist Andrew Smith, CAIA, traces the rise and growth of liquid alternatives.Read More

Celent Reports on Equity Crowdfunding

Sep 23rd, 2014 | Filed under: Crowdfunding, Retail Investing, Venture capital

A new report from Celent discusses the as-yet unimplemented Title III of the JOBS Act. Celent's Isabella Fonseca offers suggestions for how both wealth managers and tech providers might benefit. Read More

Investing in the Investor

Sep 4th, 2014 | Filed under: Alpha Strategies, Hedge Fund Industry Trends, Institutional Investing, Retail Investing

Guest columnist Diane Harrison looks at what advisors think of hedge funds.Read More

Deutsche Bank on Investor Demands Today

Jul 27th, 2014 | Filed under: Alpha Strategies, Institutional Investing, Retail Investing

If such institutions as the ECB keep rewarding indebtedness, then over time they get their way. They'll get a lot of deal making, even if it amounts to a frenzy. Then investors will demand funds that play to that frenzy. Read More

A Third Wave of Alt-Industry Growth is Upon Us

Jun 30th, 2013 | Filed under: Alpha Strategies, Alternative Mutual Funds, Hedge Fund Industry Trends, Retail Investing

Private fund managers who want to be part of this wave, who hope to compete for the retail investment market with their absolute-return and non-correlation toolkit, shouldn’t think it is going to be easy. One of the sections of the SEI report is headed “understanding the hurdles.”Read More

A Plea to the Retail Investors

Jun 2nd, 2013 | Filed under: Alpha Strategies, Commodities, CTA, Hedge Fund Strategies, Retail Investing

This book, The Alternative Answer: The Nontraditional Investments that Drive the World's Best-Performing Portfolios is an appeal to the retail investor, to those author Bob Rice calls "typical investors," passing along the good news that they are no longer "stuck with the children's menu of investment options."Read More

ISDA & EDHEC Respond to Benchmarks Paper

Mar 26th, 2013 | Filed under: Derivatives, Retail Investing

The benchmarking consultation paper from ESMA/EBA has produced intriguing responses from, among others, the International Swaps and Derivatives Association and the EDHEC-Risk Institute.Read More

Lending Securities: Which Mutual Funds Do It Best

Mar 6th, 2013 | Filed under: Retail Investing

A newly released paper concludes that the returns many mutual funds make from lending their portfolio securities increase as the directors on their boards become more independent. Separately, it is a good sign if the directors have, as the saying goes, 'skin in the game.'Read More

BCG: Private Banking Will Get More Complicated

Oct 18th, 2012 | Filed under: High-net-worth investors, Retail Investing

The development of offshore banking centers, and the diplomatic pressures brought to bear upon them, are such that individual relationship managers may no longer “be able to serve clients from a large number of domiciles because regulatory compliance will become more complex and country-specific – making it impossible to master the distinct requirements of many different client domiciles,” according to the Boston Consulting Group. That is one of many keep-your-chin-up injunctions throughout this report. Read More

The Second Circuit: A Wrestling Ring for Argentina & Creditors

Aug 9th, 2012 | Filed under: Alpha Strategies, Retail Investing

The Clearing House Association has filed an amicus brief in the NML litigation, effectively acting on behalf of its member banks, arguing that the pari passu language in the bonds issued by Argentina in the 1990s folllowed “standard language included in substantially the same form in numerous credit documents,” and contending that a decision upholding the district court would upset “the long-understood meaning of these clauses in the market.” Read More

Catastrophism Versus Darwinism: Dodd-Frank as Climate Change

Mar 14th, 2012 | Filed under: Alpha Strategies, Commodities, CTA, Hedge Fund Industry Trends, Hedge Fund Regulation, Hedge Fund Strategies, Private Equity, Retail Investing

The Grant Thornton paper maintains that the asset management industry achieved "performance and operational efficiencies" during 2011, and this sounds like the sort of marginal adaptation that play a large part in Charles Darwins' writings, to which GT's Winstoin Wilson alluded. But ... the report also treats the regulatory environment as a meteor, capable of wiping out even the best-adapted of pre-collision dinosaurs. So "the Darwinian process" is an odd label for what it describes. Read More

Alpha Hunters: Bringing Long-Short Equity to the Masses

Feb 2nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies, ETFs, Hedge Fund Industry Trends, Hedge Fund Strategies, Retail Investing

AAA sat down with Alex Gurvich and Jim Mitchell, both of The Rockledge Group, an investment advisory firm headquartered in Brooklyn, New York. We began by discussing the mid-January launch of a new product that gives the long-short equity strategy an ETF format, and ended up talking about a good deal else, such as the inherent superiority of ETFs over mutual funds, and Pimco's recent recognition of that fact. Read More

Alpha Hunter Krishna Menani: The Opportunities and Risks in Bond Markets

Aug 11th, 2011 | Filed under: Alpha Hunters, Hedge Fund Operations and Risk Management, Institutional Investing, Retail Investing

In any economic system, the fixed-income market plays an essential role as one of the principal ways of financing enterprise (be it corporate or sovereign).  Research shows that at the end of 2010, the global bond market had amounts outstanding of over US$95 trillion (to put that in context, theRead More

Everybody Back in the Water! Deep Diving the Family Office Investment Pool

Jul 28th, 2011 | Filed under: High-net-worth investors, Private Equity, Real Estate, Retail Investing

According to the latest research, confidence in family office investing is back.Read More

Alpha Hunter John Brynjolfsson: The Hidden Risks of Inflation

Jul 21st, 2011 | Filed under: Alpha Hunters, Alternative Mutual Funds, Commodities, Hedge Fund Industry Trends, Institutional Investing, Retail Investing

This is the first of a new series called "Alpha Hunters." The nimble qualities of alternative investments is part of what makes them essential to every investor's portfolio. They can move quickly to take advantage of market inefficiencies and go where other more traditional investment vehicles cannot. It is in the spirit of seeking the ever-moving alpha that we introduce this series, reaching out to experts in different strategies to see where they are finding alpha. We hope you find this series illuminating and please feel free to send suggestions for Alpha Hunters you'd like to read about. Kristin Fox Managing EditorRead More

What the wealthy want — and it’s not “synergy”

Jul 13th, 2011 | Filed under: Fees, High-net-worth investors, Institutional Investing, Retail Investing

Clients, according to a surprising new report, aren't too keen on alpha at the moment.Read More

An Alternatives Expert Viewpoint on Alternative Alternatives

Jun 29th, 2011 | Filed under: Commodities, Institutional Investing, Private Equity, Real Estate, Retail Investing

Tongue- and portfolio-tied investors are looking for alternatives for their alternatives in order to achieve non-correlation.Read More

Yes, Pigs Do Fly!

May 17th, 2011 | Filed under: Alternative Mutual Funds, Retail Investing

Ten years ago, the prevailing thought was that pigs would fly before alternative investments became a mainstream staple for investment advisers. According to the latest research from Cerulli, it’s time for air traffic controllers to wake up because they’re going to have to integrate Dreamliner-sized porkers into flight patterns andRead More

Capture this: A simple, but useful tool for describing hedge fund returns

Dec 6th, 2010 | Filed under: Retail Investing

The hedge fund industry has an occasional obsession with exotic risk metrics (VaR, Conditional VaR, Omega Ratio, higher moments, etc.).  These make a lot of sense if you have a few Ph.D.’s on staff (read: you’re a large institutional investor).  But what if you need to explain the non-market-tracking natureRead More

Closet indexing continues to flourish in mutual fund land (and bring down average performance)

Nov 29th, 2010 | Filed under: Retail Investing

Mutual funds with a high "active share" are once again found to produce higher and more persistent returns - the two basic constituents of alpha. So why is closet indexing as popular as ever? And what does this portend for hedge funds?Read More

SEC: When is a Family Office not a Family Office?

Oct 24th, 2010 | Filed under: Retail Investing

The Dodd-Frank Act requires hedge fund to register with the SEC. But it also nearly also forced America's 4,000 family offices to do the same. That got the SEC is wondering: What exactly is a family office anyway? Read More

Homogenized hedge funds

Oct 13th, 2010 | Filed under: Retail Investing

Despite a lot of chatter and an assortment of industry surveys, some still say there hasn't yet been a "comprehensive overview of the differences and similarities of alternative UCITS funds and hedge funds" - until now...Read More

Mutual fund study finds “first direct evidence of trade off between performance and marketing”

Aug 24th, 2010 | Filed under: Retail Investing

Mutual funds have learned that holding stock market "darlings" is bad for performance, but good for marketing. Thankfully for hedge funds, less transparency may have allowed them to avoid this trap. Read More

Despite performance concerns, UCITS-compliant hedge funds still have plenty of fans

Aug 18th, 2010 | Filed under: Hedge Fund Industry Trends, Retail Investing, UCITs

A recent survey finds that UCITS-compliant hedge funds are still drawing crowds - despite a few rough edges here and there.Read More

Being short apparently has its benefits

May 10th, 2010 | Filed under: 130/30, Retail Investing

A new research paper suggests mutual funds that adopt hedge fund-like strategies were aided by their short positions - especially during the financial crisis.Read More

Examining “Real Alpha” and “Exotic Beta” in mutual funds

Feb 1st, 2010 | Filed under: CAPM / Alpha Theory, Retail Investing

Usually the term "exotic beta" is associated with hedge funds. Finally, it's being applied to the largest pool of active management - mutual funds. Read More

UCITS and NEWCITS and Hedge Funds, oh my…

Jan 19th, 2010 | Filed under: Hedge Fund Regulation, Retail Investing, UCITs

The expected EU Directive in addition to generally more heightened demand for regulatory compliant alternative investments has already set in motion a wave of so-called UCITS- and NEWCITS-based funds. The question is whether they can truly live up to expectations, particularly with higher costs and lower returns?Read More

A January Tradition: Investors’ love/hate relationship with hedge funds.

Jan 4th, 2010 | Filed under: Alternative Beta & Hedge Fund Replication, Retail Investing

As investors reflect on last year, they are apparently of two minds regarding hedge funds.Read More

The grass is always greener… mutual fund managers’ walk on the wild side not so wild after all.

Dec 21st, 2009 | Filed under: Retail Investing

The allure of making big money and being your own boss was plenty to lure many a mutual fund manager to the hedge fund world. The reality, according to a new study published last month, is that there was almost no way to obtain the same level of compensation or better. Read More

Equity long/short mutual funds “could easily grow twenty-fold over the next five years:” Report

Nov 9th, 2009 | Filed under: Retail Investing

Are "hedged mutual funds" finally ready for prime time? Read More

Report shows that some wounds recently suffered by wealth managers may have been self-inflicted

Jul 30th, 2009 | Filed under: Institutional Investing, Retail Investing

A recent report by Capgemini and Merrill Lynch show that wealth managers may have stopped listening to clients at exactly the wrong moment.Read More

Research shows private bankers still favour hedge funds. Managers not convinced though

Jul 29th, 2009 | Filed under: Hedge Fund Industry Trends, Retail Investing

Two different surveys paint a picture of concerned hedge fund managers - even though private bankers see continuing value in their craft.Read More