Browsing: Alpha Hunters

Alpha Hunters

Late September Bombshell from Judge Lamberth

Oct 8th, 2014 | Filed under: Alpha Hunters, Insolvency, Legislation/Court rulings

As the editorial page of the Wall Street Journal reminded us recently, investors sometimes gamble on politics. That is their right, but good capitalist hygiene is served when, once in a while, such a bet goes badly wrong. Read More


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

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

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


Key Alpha-Oriented Law Firms Merging

Sep 29th, 2014 | Filed under: Private Equity, Alpha Hunters

Yes, law firms that serve alpha hunters are consolidating. But don't take it personally, HF or PE managers. This isn't about you. It's about them. And it isn't necessarily a bad thing. Read More


Top 5 Ramifications of CalPERS’ Hedge Fund Exodus

Sep 24th, 2014 | Filed under: Hedge Fund Industry Trends, Institutional Investing, Alpha Hunters

Guest columnist Don Steinbrugge, CFA, looks at some of the potential reactions to CalPERS' leaving hedge funds.Read More


Metamorphosis in HFT: Update with Brad Katsuyama of IEX, Central Figure in ‘Flash Boys’

Sep 18th, 2014 | Filed under: Algorithmic and high-frequency trading, Hedge Fund Strategies, Alpha Hunters

Guest columnist and intrepid reporter Doug Friedenberg talks to Brad Katsuyama about HFT, Michael Lewis and more.Read More


IEA Says Investment In Clean Energy Will Keep Growing, Slowly

Sep 2nd, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Alternative energy

Guest columnist Andy Tully looks at the future of renewable energy investment and finds a future so bright, you might need to wear shades.Read More


The Delusions a Boom Can Bring and the Perils of Chasing Hedge Fund Winners

Aug 28th, 2014 | Filed under: Portable Alpha & Alpha/Beta Separation, Institutional Investing, Alpha Hunters, Alpha Strategies, Risk management

For an investor allocating slots in its portfolio to hedge funds, the draw of recent outsized performance can be powerful. Thus, the temptation to chase winners. But two members of the Hedge Fund Strategies Group at Commonfund caution against it. Read More


A Back-Handed Look at ‘Too Big to Fail’

Aug 27th, 2014 | Filed under: Currencies, Alpha Hunters, Insolvency, Alpha Seekers

The significance of the size of bank reserves and deposits as channels for the influence of QE upon macro-economic factors varies bank by bank. Monetary levers don't work on the really big rocks. A word on implications for the equity positions in those banks. Read More


Preqin on PE Distributions & Call-Ups in 2013

Aug 18th, 2014 | Filed under: Private Equity, Alpha Hunters, Alpha Strategies, Venture capital

The 2013 performance of the private equity industry, given any of several metrics, was quite strong. Why? In part because the exit environment has been very good. Read More


The Investment World Has Good News for Philanthropy

Aug 3rd, 2014 | Filed under: Institutional Investing, Alpha Hunters, Alpha Strategies, Endowments & Foundations

Private foundations have "regained solid financial footing" in terms of their investment returns over the last two years especially, after the shaky years that preceded. Their mission-related spending has accordingly increased. Read More


Alternative Investments: Why Do We Care

Jul 24th, 2014 | Filed under: Alpha Hunters, Alpha Strategies

Jeff Malec, CAIA, looks at the role of alternative investments in the current market environment and why they are crucial to successful investing.,Read More


Deal Activity: Beer and Obamacare Both Factor In

Jul 16th, 2014 | Filed under: Private Equity, Alpha Hunters, Technology

Intralinks’ report suggests that “a handful of fundamental and positive shifts” are at work in the recent uptick in M&A activity. On a behavioral note: corporate confidence is returning, and presumably confident managements are more likely to seek out acquisition targets than are nervous managements. Read More


Tactical Alpha and Persistence in Hedge Fund Returns

Jul 7th, 2014 | Filed under: Performance, Analytics & Metrics, Hedge Fund Strategies, Alpha Hunters, Alpha Strategies

Guest columnist Andrew Beer looks at the consistency of hedge fund returns and finds them, well, lacking...Read More


Remembering Enron and Contending with Warren Buffett

Jun 17th, 2014 | Filed under: CAPM / Alpha Theory, Alpha Hunters, Alpha Strategies

An aphorism of Warren Buffett's once again making the rounds can be understood in at least three distinct ways. Faille looks at the possible constructions and decides that, whatever exactly Buffett meant to say or do, his reasoning here does little harm to his target, modern finance theory. Read More


Could Random Trading Prevent Stock Market Bubbles & Crashes?

Jun 15th, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Economics

Many of recent history¹s most significant market events have manifest in what was (previously) the extreme of the market. These"bubbles" and "crashes" follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Could random trading be the solution?Read More


In SEC Filing, Ackman Makes His Case

May 27th, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Alpha Seekers

Pershing Square owns 9.7% of Allergan's equity. Further, Valeant's proposal is structured so that Pershing Square is more of a co-bidder than a seller. Read More


The Skorina Report: Endowment Performance at Flagship State Schools

May 22nd, 2014 | Filed under: Performance, Analytics & Metrics, Alpha Hunters, Endowments & Foundations

Charles Skorina revisits his famous "public Ivys" study.Read More


Why are Hedge Fund Assets Reaching All-time Highs?

May 12th, 2014 | Filed under: Performance, Analytics & Metrics, Media Coverage of Hedge Funds, Institutional Investing, Alpha Hunters, Asset allocation

Guest columnist Don Steinbrugge looks at why allocators continue to invest in hedge funds, even when the media thinks they shouldn't.Read More


Beyond the Amusement Value of Icahn v. Ackman

Jan 30th, 2013 | Filed under: Alpha Hunters, Alpha Strategies

The crux of whether a particular MLM is a pyramid scheme, and thus is illegal, is this: is a particular participant paid primarily on the basis of the products he sells or primarily on the basis of the new participants he recruits? The crux for Ackman's trade is whether he can persuade enforcement authorities that it is the latter.Read More


Alpha Hunter Timothy O’Neil-Dunne: Investing in Travel

Dec 4th, 2012 | Filed under: Alpha Hunters

Vikas Shah talks to Alpha Hunter Timothy O'Neill Dunne about the travel sector.Read More


High-risk Investing – The New Trend in Energy: Interview with Andrew McCarthy

Dec 2nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies

Guest interviewer James Stafford talks to Andrew McCarthy about the new trends in energy trading.Read More


Andrew Lo on the LIBOR Scandal and What’s Next

Nov 8th, 2012 | Filed under: Alpha Hunters

AllAboutAlpha talks to Andrew Lo about the LIBOR scandal and what's next.Read More


You’ve made finals! Now, how do you get an edge?

Sep 27th, 2012 | Filed under: Institutional Investing, Alpha Hunters

Charles J. French, CAIA, discusses the intricacies of negotiating finals with Christopher Van Dyke, CAIA, CFA, Advisor, Arnerich Massena, Inc. (CVD); Kweku Obed, CAIA, CFA, Principal, Mercer Investment Consulting, Inc. (KO); and Thomas H. Dodd, CAIA, CFA, FSA, President, Stratford Advisory Group (TD).Read More


The Future of the UK Economy

Sep 24th, 2012 | Filed under: Alpha Hunters

"To learn more about the state and future of the UK economy, we speak to David Blanchflower (Bruce V. Rauner Professor of Economics at Dartmouth College) and John Cridland CBE (Director General of the CBI)."Read More


Alpha Hunter Jeff Joseph on Taking Funds to Market

Aug 26th, 2012 | Filed under: Alpha Hunters

Alpha Hunter Jeff Joseph talks with AllAboutAlpha about the changes in the regulatory landscape and what this means for hedge fund marketing.Read More


A View Of, and From, Singapore, Part Two

Aug 23rd, 2012 | Filed under: Hedge Fund Industry Trends, Alpha Hunters

It seemed earlier this year that many investors, including hedge funds, were betting heavily that there would be a ‘hard landing’ for the economy of the People’s Republic. Where do you stand, we asked Douglas, hard landing or soft? Read More


A View of, and From, Singapore: Part One

Aug 22nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies

Why has Singapore attained such prominence as it has? That is a mixture of nature and nurture. It has always been a trading hub due to its location, and this has allowed it over the centuries to develop as a professional and commercial services hub as well, which has anchored a capital markets ecosystem.Read More


Alpha Hunter James Clayton on Investing in Media and Entertainment

Aug 20th, 2012 | Filed under: Alpha Hunters, Alpha Strategies

James Clayton, CEO of Ingenious Investments talks to AllAboutAlpha about investing in media and entertainment. Their portfolio includes films such as Avatar, Rise of the Planet of the Apes, X-Men: First Class and TV productions such as Law and Order UK, Monroe and Foyle's War.Read More


The Greek Opportunity

Aug 15th, 2012 | Filed under: Alpha Hunters, Alpha Strategies

Vikas Shah speaks to Nicholas Economides about the Greek opportunity.Read More


The Sub-Prime Lesson

Aug 5th, 2012 | Filed under: Alpha Hunters

What we can learn from the one-in-a-million-year event that wiped trillions from the global economyRead More


Alpha Hunters: The Mobile Payments Opportunity

Jun 13th, 2012 | Filed under: Private Equity, Alpha Hunters, Alpha Strategies, Venture capital

AllAboutAlpha talks to Jalak Jobanputra, MD at RTP Ventures on the mobile payments market, which is set transact over US$1 trillion by 2016.Read More


Alpha Hunters: Looking at Alternative Investments From the Inside Out

Jun 7th, 2012 | Filed under: Hedge Fund Industry Trends, Real Estate, Private Equity, Hedge Fund Strategies, CTA, Derivatives, Institutional Investing, Alpha Hunters, Alpha Strategies, Venture capital, Forex

A deeper look at alternatives with Dr. Bob Swarup, a world-renowned expert and commentator on alternatives and financial markets as well as being a visiting fellow at London School of Economics.Read More


The Secrets of The World’s Greatest Traders

May 31st, 2012 | Filed under: Alpha Hunters, Alpha Strategies

AllAboutAlpha talks to Market Wizards' Jack Schwager about what makes a great trader.Read More


A CAIA for the C-suite: Introducing Sam Gallo, USM Foundation’s new CIO

May 22nd, 2012 | Filed under: Alpha Hunters

Charles Skorina discusses what it takes to be a CIO with Sam Gallo.Read More


Alpha Hunters: A Conversation with Peter Stein

May 13th, 2012 | Filed under: Institutional Investing, Alpha Hunters, Alpha Strategies

New columnist Charles Skorina interviews Peter Stein, veteran alternative investments professional.Read More


Alpha Hunters: The Macro View

Apr 24th, 2012 | Filed under: Alpha Hunters, Alpha Strategies

By John Brynjolfsson, Armored Wolf The Armored Wolf investment team held its Secular Forum in late March. This is an annual opportunity to step back and discuss major themes in the upcoming investment environment. This was an effort to identify the dominant underlying forces likely to drive asset prices .Read More


Finding Alpha in Israel’s Emerging Market

Apr 19th, 2012 | Filed under: Alpha Hunters, Alpha Strategies

Israel is now second only to the United States in terms of venture capital funds, with the highest rate of start-up businesses per capita and also the highest ratio of university degrees to population anywhere in the world.Read More


Not Just Fire Sales: Contrarian Hedge Funds Find Alpha

Apr 16th, 2012 | Filed under: Hedge Fund Strategies, Alpha Hunters, Alpha Strategies

Although distressed“fire sales” are fewer in some periods than in others, it is true all around the business cycle that mutual fund managers face constraints related to the need “to cater to investors by investing in the hot stocks and by having a strong positive correlation between their flow and the value of the assets in which they invest,” as a new academic paper explains. Hedge funds, with their more professional investors, their deliberate opacity, and their constraints upon withdrawal, aren’t subject to those constraints. Thus, when mutual funds are constrained to follow a trend, hedge funds are in a position to be contrarians.Read More


Alpha Hunter Lauren Templeton on Generating Alpha from Value Investing

Mar 29th, 2012 | Filed under: Alpha Hunters, Alpha Strategies

AllAboutAlpha catches up with Lauren Templeton, great niece of Sir John Templeton to discuss value investing and its alpha potential.Read More


Alpha Hunter Louis-Vincent Gave on Opportunities in China

Mar 1st, 2012 | Filed under: Alpha Hunters, Alpha Strategies

"We're seeing a cycle where China is now a leader, and experiences the biggest rates of marginal growth in the world. That is already a game-changer which has had a disproportionate impact on emerging markets than developed ones."--Louis-Vincent GaveRead More


The Euro Crisis – An Interview with Larry Hatheway, UBS Chief Economist

Feb 23rd, 2012 | Filed under: Alpha Hunters

In September 2011 the IMF estimated that roughly half of the Euro Zone's $9 trillion in outstanding government debt was now at 'heightened credit risk'. This is a crisis which billionaire investor George Soros has described as, "...a more dangerous situation now than in 2008.Read More


Topsy Filters Twitter Investment Signals so Investors Get Tomorrow’s News Today

Feb 13th, 2012 | Filed under: Alpha Hunters

Alpha is often found in the company of those investors who are earliest in seeing the first hints of future events unfolding. Topsy is a new source of that capability.Read More


Alpha Hunters: Bringing Long-Short Equity to the Masses

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

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 Hunters: Viewing Asia from Top-Down and Bottom-Up

Jan 31st, 2012 | Filed under: Alpha Hunters, Alpha Strategies

Alpha Hunter Khiem Do talks about Asia and where the alpha is from his perspective.Read More


Alpha Hunter Jeremy King on Contrarian Asian Alpha Generation

Oct 17th, 2011 | Filed under: Commodities, CTA, Alpha Hunters, Alpha Strategies

Jeremy King of Knight Pacific discusses his contrarian views on investing in Asia.Read More


Alpha Hunter Chris Brodie Talks About 20 Years’ Worth of Commodities

Oct 6th, 2011 | Filed under: Commodities, Currencies, CTA, Alpha Hunters, Alpha Strategies

Chris Brodie has been trading commodities for over 20 years, and set up Krom River in 2006. Scotsman Brodie relocated to Zug in Switzerland several years ago and has no regrets about the move. The fund’s best year so far was 2008 when it rose by 37% while the GSCI fell by two thirds, and it was also up in August of this year. Krom River are running both discretionary and systematic funds, and also have a dedicated agricultural vehicle. We touched on a range of topics that CAIA candidates and charterholders will be familiar with. Krom River is a signatory of the Hedge Fund Standards Board that has been discussed on AAA.Read More


Alpha Hunters: Craig Donohue on The Secrets of Futures & Options Exchanges

Oct 3rd, 2011 | Filed under: Commodities, Alpha Hunters, Alpha Strategies

The concept underpinning financial exchanges can be traced back through much of human history. In Aristotle's Politics, "...there is the anecdote of Thales and his financial device.... he knew by his skill in the stars while it was yet winter that there would be a great harvest of olives in the coming year; so, having little capital, he gave earnest-money for the use of all the olive-press in Chios and Miletus, which he hired at a low price because no one bid against him. When the harvest-time came, and many wanted them all at once and of a sudden, he let them out at any rate which he pleased, and made a quantity of money..." While technology has moved on, the basic principle of futures and options exchanges remains the same. Participants in the market can take the role of Thales (using their insight to bet on price increases), the olive-press-owners (who hedged that Thales' price for the future was higher than they would otherwise get) or even investors who provide 'earnest money' to Thales (assuming markets will rise) or fund the olive-presses (assuming prices will fall).Read More


Alpha Hunter: Ocean Tomo: Crossroads of the Intellectual Property Universe

Sep 29th, 2011 | Filed under: Hedge Fund Industry Trends, Hedge Fund Strategies, Alpha Hunters, Alpha Strategies

In Part II of this Alpha Hunter series, we examine the role intellectual property plays in the U.S. economy.Read More


Alpha Hunter: Ion’s Lohfert on Systematic Trading

Sep 19th, 2011 | Filed under: Algorithmic and high-frequency trading, Hedge Fund Strategies, Institutional Investing, Alpha Hunters, Alpha Strategies

Dennis Lohfert, founder of Ion Asset Architecture, discusses quantitative trading strategies and how they are affected by current market conditions.Read More


Alpha Hunter: Jim O’Neill, GSAMs Man of BRICs

Sep 15th, 2011 | Filed under: Hedge Fund Strategies, Institutional Investing, Alpha Hunters, Alpha Strategies

Building with BRICs, an interview with Jim O'Neill, Chairman of Goldman Sachs Asset ManagementRead More