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<channel>
	<title>AllAboutAlpha: Hedge Fund Trends &#38; Alternative Investment Analysis &#187; Performance, Analytics &amp; Metrics</title>
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	<link>http://allaboutalpha.com/blog</link>
	<description>A finance blog about hedge funds, portable alpha and alternative investing.</description>
	<lastBuildDate>Mon, 13 Feb 2012 00:22:46 +0000</lastBuildDate>
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			<item>
		<title>A Word of Caution on the Modified Distribution</title>
		<link>http://allaboutalpha.com/blog/2012/01/29/a-word-of-caution-on-the-modified-distribution/</link>
		<comments>http://allaboutalpha.com/blog/2012/01/29/a-word-of-caution-on-the-modified-distribution/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 01:27:57 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Cornish Fisher]]></category>
		<category><![CDATA[kurtosis]]></category>
		<category><![CDATA[skewness]]></category>
		<category><![CDATA[VaR]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=24862</guid>
		<description><![CDATA[Peter Urbani looks at Cornish Fisher and modified VaR as a function of skewness.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2012/01/29/a-word-of-caution-on-the-modified-distribution/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Idiosyncratic Risk Puzzle Solved: Not All Investors Are The Same</title>
		<link>http://allaboutalpha.com/blog/2011/11/20/idiosyncratic-risk-puzzle-solved-not-all-investors-are-the-same/</link>
		<comments>http://allaboutalpha.com/blog/2011/11/20/idiosyncratic-risk-puzzle-solved-not-all-investors-are-the-same/#comments</comments>
		<pubDate>Mon, 21 Nov 2011 00:00:29 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Alpha]]></category>
		<category><![CDATA[idosyncratic risk]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[short]]></category>
		<category><![CDATA[short-selling]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=24034</guid>
		<description><![CDATA[Intuition (codified by many models) suggests that investors have to be bribed to accept risk, so that there ought to be a positive link for any given class of security between the amount of risk, and thus the measurement of volatility, on the one hand, and expected return on the other. A puzzle arises, then, from empirical research indicating that “idiosyncratic” volatility, that is, the volatility due to the characteristics of a specific security, is negatively correlated with return once one passes the mid-point of the range of volatility.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/11/20/idiosyncratic-risk-puzzle-solved-not-all-investors-are-the-same/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Derman: Why All Models Are Toys</title>
		<link>http://allaboutalpha.com/blog/2011/11/10/derman-why-all-models-are-toys/</link>
		<comments>http://allaboutalpha.com/blog/2011/11/10/derman-why-all-models-are-toys/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 00:06:31 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Recommended Books]]></category>
		<category><![CDATA[Timely Research]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Alpha]]></category>
		<category><![CDATA[Black-Scholes]]></category>
		<category><![CDATA[Emanuel Derman]]></category>
		<category><![CDATA[measuring alpha]]></category>
		<category><![CDATA[modeling]]></category>
		<category><![CDATA[Nassim Nicholas Taleb]]></category>
		<category><![CDATA[options]]></category>
		<category><![CDATA[options pricing]]></category>
		<category><![CDATA[risk managememt]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=24018</guid>
		<description><![CDATA[In general, this is what models are, “metaphors that compare the object of their attention to something else that it resembles.” This makes them inherently different from theories, which stand on their own feet and describe the world as it is. Economics doesn’t have theories, at best it has models. Consider the word “liquidity,” which I used above and which figures in a lot of economic models. This is obviously a metaphor, and its non-literal character has consequences. In finance, Derman says, everybody “thinks he knows what liquidity means, yet no one has adequately defined and quantified it.”]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/11/10/derman-why-all-models-are-toys/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Hedge Puppies are Still Top Dogs When it Comes to Performance</title>
		<link>http://allaboutalpha.com/blog/2011/10/18/hedge-puppies-are-still-top-dogs-when-it-comes-to-performance/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/18/hedge-puppies-are-still-top-dogs-when-it-comes-to-performance/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 00:02:11 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Age]]></category>
		<category><![CDATA[asset pool]]></category>
		<category><![CDATA[hedge fund performance]]></category>
		<category><![CDATA[monte carlo simulation]]></category>
		<category><![CDATA[performance funds]]></category>
		<category><![CDATA[Pertrac]]></category>
		<category><![CDATA[simulation]]></category>
		<category><![CDATA[study]]></category>
		<category><![CDATA[way]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23370</guid>
		<description><![CDATA[The latest version of a yearly analysis tells the same old story about performance, now backed up by fifteen years of data. And the potential rewards of investing with smaller funds go beyond what you see in the database statistics. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/18/hedge-puppies-are-still-top-dogs-when-it-comes-to-performance/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Survey: Inflows Don&#8217;t Reflect Performance Differences</title>
		<link>http://allaboutalpha.com/blog/2011/10/12/survey-inflows-dont-reflect-performance-differences/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/12/survey-inflows-dont-reflect-performance-differences/#comments</comments>
		<pubDate>Thu, 13 Oct 2011 00:05:39 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Strategies]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[attracting money]]></category>
		<category><![CDATA[BarclayHedge]]></category>
		<category><![CDATA[hedge]]></category>
		<category><![CDATA[hedge fund index]]></category>
		<category><![CDATA[inflow]]></category>
		<category><![CDATA[percent]]></category>
		<category><![CDATA[performance differences]]></category>
		<category><![CDATA[period]]></category>
		<category><![CDATA[TrimTabs]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23539</guid>
		<description><![CDATA[By Christopher Faille
A new report on hedge fund inflows indicates that the rate at which money is coming into the hedge fund industry reflects that industry’s improved performance, but that if these figures are segmented by strategy or geography, the different rates at which they are attracting money do not very accurately reflect their different [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/12/survey-inflows-dont-reflect-performance-differences/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>New Survey Concludes Finding Alpha Is Difficult</title>
		<link>http://allaboutalpha.com/blog/2011/10/05/new-survey-concludes-finding-alpha-is-difficult/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/05/new-survey-concludes-finding-alpha-is-difficult/#comments</comments>
		<pubDate>Thu, 06 Oct 2011 00:33:43 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Private Equity]]></category>
		<category><![CDATA[Timely Research]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[economic uncertainty]]></category>
		<category><![CDATA[information]]></category>
		<category><![CDATA[international investment management]]></category>
		<category><![CDATA[percent]]></category>
		<category><![CDATA[private equity markets]]></category>
		<category><![CDATA[quality investment opportunities]]></category>
		<category><![CDATA[SEI]]></category>
		<category><![CDATA[sei paper]]></category>
		<category><![CDATA[series]]></category>
		<category><![CDATA[Survey]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23347</guid>
		<description><![CDATA[The second in a three-part series on private equity from SEI shows that alpha is a bit slippery these days.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/05/new-survey-concludes-finding-alpha-is-difficult/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Passivity, Activity, and Alpha in Currency Management</title>
		<link>http://allaboutalpha.com/blog/2011/10/02/passivity-activity-and-alpha-in-currency-management/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/02/passivity-activity-and-alpha-in-currency-management/#comments</comments>
		<pubDate>Mon, 03 Oct 2011 00:00:59 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Currencies]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Strategies]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Alpha]]></category>
		<category><![CDATA[Currency investing]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[performance benchmarks]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23277</guid>
		<description><![CDATA[By Christopher Faille
Passive and active investments are often contrasted as if the distinction is self-evident. It isn’t. Even for an unambitious long-only equity indexed fund, trades have to be executed in order to maintain the desired balance, and these trades can be executed either well or poorly, in ways that help or hurt the investor. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/02/passivity-activity-and-alpha-in-currency-management/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>What is driving oil futures prices? Fundamentals versus speculation</title>
		<link>http://allaboutalpha.com/blog/2011/09/15/what-is-driving-oil-futures-prices-fundamentals-versus-speculation/</link>
		<comments>http://allaboutalpha.com/blog/2011/09/15/what-is-driving-oil-futures-prices-fundamentals-versus-speculation/#comments</comments>
		<pubDate>Thu, 15 Sep 2011 12:47:15 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23131</guid>
		<description><![CDATA[By: Isabel Vansteenkiste
Published: August 2011
Abstract: In this paper we analyse the relative importance of fundamental and speculative demand on oil futures price levels and volatility. In a first step, we present a theoretical heterogeneous agent model of the oil futures market based on noise trading. We use the model to study the interaction between the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/09/15/what-is-driving-oil-futures-prices-fundamentals-versus-speculation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Analysis of the Tax Implications of UCITS IV</title>
		<link>http://allaboutalpha.com/blog/2011/08/31/analysis-of-the-tax-implications-of-ucits-iv/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/31/analysis-of-the-tax-implications-of-ucits-iv/#comments</comments>
		<pubDate>Wed, 31 Aug 2011 12:52:08 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22993</guid>
		<description><![CDATA[By: KPMG
Published: August 2011
Abstract: This report&#8217;s purpose is to assess the appropriateness of this position after carrying out an extensive study of potential tax obstacles facing UCITS IV. That is to identify tax provisions that potentially prevent the EU funds industry from implementing UCITS IV in the way that it would like to and whether [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/31/analysis-of-the-tax-implications-of-ucits-iv/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Next-Generation Outsourcing for Wealth Managers: Riding the Wave of Converging Business Trends</title>
		<link>http://allaboutalpha.com/blog/2011/08/18/next-generation-outsourcing-for-wealth-managers-riding-the-wave-of-converging-business-trends/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/18/next-generation-outsourcing-for-wealth-managers-riding-the-wave-of-converging-business-trends/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 16:07:15 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22747</guid>
		<description><![CDATA[By: State Street
Published: May 2011
Abstract: A critical shift in thinking is under way among wealth managers, as several converging business trends encourage a comprehensive review of how their firms operate. First, a flood of game-changing technology innovation is enriching the role and value of data, just as wealth clients and regulators escalate their demands for greater [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/18/next-generation-outsourcing-for-wealth-managers-riding-the-wave-of-converging-business-trends/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sibling Rivals: CAPM versus The Risk Parity Portfolio</title>
		<link>http://allaboutalpha.com/blog/2011/08/16/sibling-rivals-capm-versus-the-risk-parity-portfolio/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/16/sibling-rivals-capm-versus-the-risk-parity-portfolio/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 00:37:02 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22674</guid>
		<description><![CDATA[By Christopher Faille
A presentation by Samuel Kunz, chief investment officer of the Policeman’s Annuity and Benefit Fund, Chicago, to the CFA Institute 2011 Asset and Risk Allocation conference addressed the pros and cons of “risk parity.”  His presentation makes it seem that risk-parity portfolios (RPP) and the Capital Asset Pricing Model (CAPM) are sibling rivals. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/16/sibling-rivals-capm-versus-the-risk-parity-portfolio/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>An Identity Crisis for the Variable &#8216;R&#8217;</title>
		<link>http://allaboutalpha.com/blog/2011/08/15/an-identity-crisis-for-the-variable-r/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/15/an-identity-crisis-for-the-variable-r/#comments</comments>
		<pubDate>Tue, 16 Aug 2011 00:00:01 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22664</guid>
		<description><![CDATA[By Christopher Faille
It might be the subject of a Sesame Street episode.  “R is an important letter.  It stands for Rate and Return and Risk-Free and lots of other words!”  Yet, like Oscar the Grouch if deprived of his garbage can, R has lost its fixed abode.
Much of the mathematics of finance over the last [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/15/an-identity-crisis-for-the-variable-r/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>How to not get caught in hedge fund gates</title>
		<link>http://allaboutalpha.com/blog/2011/08/09/how-to-not-get-caught-in-hedge-fund-gates/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/09/how-to-not-get-caught-in-hedge-fund-gates/#comments</comments>
		<pubDate>Wed, 10 Aug 2011 00:09:46 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22624</guid>
		<description><![CDATA[By Christopher Faille
One of the scariest things about hedge funds is the loss of liquidity that such an investment involves, with lock-up periods, redemption suspensions, wonder about what is in the “side pockets,” and worry about getting caught in the clanging gates.

Credit Suisse Asset Management (CSAM) has put out a white paper on “Enhancing Liquidity [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/09/how-to-not-get-caught-in-hedge-fund-gates/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Do phantasy, paranoia, schizophrenia and testosterone hold the true keys to trader performance?</title>
		<link>http://allaboutalpha.com/blog/2011/08/08/do-phantasy-paranoia-schizophrenia-and-testosterone-hold-the-true-keys-to-trader-performance/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/08/do-phantasy-paranoia-schizophrenia-and-testosterone-hold-the-true-keys-to-trader-performance/#comments</comments>
		<pubDate>Tue, 09 Aug 2011 00:43:23 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22603</guid>
		<description><![CDATA[When academics from other disciplines turn their attention to finance, they sometimes make some quite startling discoveries. These may at first sight seem to resonate with behavioural finance but they are in fact quite different – and this research has not gone unnoticed by some of the most senior central bankers, financial regulators, and legendary hedge fund managers.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/08/do-phantasy-paranoia-schizophrenia-and-testosterone-hold-the-true-keys-to-trader-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Wanted dead or alive: fat-tailed black swan</title>
		<link>http://allaboutalpha.com/blog/2011/08/07/wanted-dead-or-alive-fat-tailed-black-swan/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/07/wanted-dead-or-alive-fat-tailed-black-swan/#comments</comments>
		<pubDate>Mon, 08 Aug 2011 00:55:30 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22580</guid>
		<description><![CDATA[By Christopher Faille
The press still seems to be discovering “fat tails” and “black swans.”  In July, news outlets gave admiring coverage to the International Monetary Fund’s expression of interest in the ideas of Nassim Taleb, the perhaps-overexposed philosopher who made the phrase “black swan” a cliché upon the success of his 2007 book of that [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/07/wanted-dead-or-alive-fat-tailed-black-swan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha Hunter: The DNA of Financial Markets</title>
		<link>http://allaboutalpha.com/blog/2011/08/04/alpha-hunter-the-dna-of-financial-markets/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/04/alpha-hunter-the-dna-of-financial-markets/#comments</comments>
		<pubDate>Fri, 05 Aug 2011 00:46:36 +0000</pubDate>
		<dc:creator>vshah</dc:creator>
				<category><![CDATA[Alpha Hunters]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22574</guid>
		<description><![CDATA[Professor Neil Johnson talks about the DNA of financial markets with AllAboutAlpha's Vikas Shah]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/04/alpha-hunter-the-dna-of-financial-markets/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Court Decision May Muddy Activist Alpha Seekers&#8217; Strategies</title>
		<link>http://allaboutalpha.com/blog/2011/08/01/court-decision-may-muddy-activist-alpha-seekers-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/01/court-decision-may-muddy-activist-alpha-seekers-strategies/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 00:44:48 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22501</guid>
		<description><![CDATA[As if there wasn't enough confusion in the roiling U.S. capital markets and regulatory environment, the U.S. Second Circuit Court has issued a decision that will make alpha that more elusive for hedge funds involved in shareholder activism. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/01/court-decision-may-muddy-activist-alpha-seekers-strategies/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The 800-pound Hedge Fund Gorilla Might Have a Monkey on its Back</title>
		<link>http://allaboutalpha.com/blog/2011/07/26/the-800-pound-hedge-fund-gorilla-might-have-a-monkey-on-its-back/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/26/the-800-pound-hedge-fund-gorilla-might-have-a-monkey-on-its-back/#comments</comments>
		<pubDate>Wed, 27 Jul 2011 00:00:28 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22412</guid>
		<description><![CDATA[Hedge fund assets have bounced back from 2008 to make a new high above two trillion and many performance measures have also more than recovered their losses. Yet it seems most of the inflows are being hogged by the Billionaire's Club, despite studies shouting "Small is Beautiful."]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/26/the-800-pound-hedge-fund-gorilla-might-have-a-monkey-on-its-back/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Quant Funds: Model Risk and Error Disclosure Missing From Many Radar Screens</title>
		<link>http://allaboutalpha.com/blog/2011/07/19/quant-funds-model-risk-and-error-disclosure-missing-from-many-radar-screens/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/19/quant-funds-model-risk-and-error-disclosure-missing-from-many-radar-screens/#comments</comments>
		<pubDate>Wed, 20 Jul 2011 00:18:50 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22276</guid>
		<description><![CDATA[A CMRA/IAFE study of the AXA Rosenberg case shows that model risk may not be on the radar screens of many quant funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/19/quant-funds-model-risk-and-error-disclosure-missing-from-many-radar-screens/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The Search for a New Normal in Europe</title>
		<link>http://allaboutalpha.com/blog/2011/07/04/the-search-for-a-new-normal-in-europe/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/04/the-search-for-a-new-normal-in-europe/#comments</comments>
		<pubDate>Tue, 05 Jul 2011 00:00:57 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22145</guid>
		<description><![CDATA[The European Central Bank’s latest regular financial stability review uses the word “normalisation” a lot.  But what does that mean?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/04/the-search-for-a-new-normal-in-europe/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is optimization handicapped by astigmatism? Or by one million co-kurtosis coefficients?</title>
		<link>http://allaboutalpha.com/blog/2011/06/07/is-optimization-handicapped-by-astigmatism-or-by-one-million-co-kurtosis-coefficients/</link>
		<comments>http://allaboutalpha.com/blog/2011/06/07/is-optimization-handicapped-by-astigmatism-or-by-one-million-co-kurtosis-coefficients/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 00:27:53 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21639</guid>
		<description><![CDATA[Nobody seriously thinks hedge fund returns have a normal distribution, so why does old fashioned optimization continue to dictate portfolio construction? Just as prisms in lenses are used to correct some eye defects, do allocators need to look through more statistical windows?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/06/07/is-optimization-handicapped-by-astigmatism-or-by-one-million-co-kurtosis-coefficients/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Want alpha during the next financial crisis? Try managing the future</title>
		<link>http://allaboutalpha.com/blog/2011/05/22/want-alpha-during-the-next-financial-crisis-try-managing-the-future/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/22/want-alpha-during-the-next-financial-crisis-try-managing-the-future/#comments</comments>
		<pubDate>Mon, 23 May 2011 00:00:43 +0000</pubDate>
		<dc:creator>cgoldman</dc:creator>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21327</guid>
		<description><![CDATA[Managed futures and hedge funds aren't exactly best friends, but a new report suggests investors should have the two together as a way to generate alpha the next time a black swan shows up.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/22/want-alpha-during-the-next-financial-crisis-try-managing-the-future/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is there a &#8220;cost&#8221; to allowing hedge fund investors to see their money?</title>
		<link>http://allaboutalpha.com/blog/2011/05/19/is-there-a-cost-to-allowing-hedge-fund-investors-to-see-their-money/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/19/is-there-a-cost-to-allowing-hedge-fund-investors-to-see-their-money/#comments</comments>
		<pubDate>Fri, 20 May 2011 00:00:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21271</guid>
		<description><![CDATA[A new study finds that the downside to providing position-level transparency (to some investors at least) is basically zero.  Good news if you're a hedge fund offering managed accounts.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/19/is-there-a-cost-to-allowing-hedge-fund-investors-to-see-their-money/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>If the shoe fits&#8230;</title>
		<link>http://allaboutalpha.com/blog/2011/05/11/if-the-shoe-fits/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/11/if-the-shoe-fits/#comments</comments>
		<pubDate>Thu, 12 May 2011 01:00:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[benchmarks]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21067</guid>
		<description><![CDATA[It's tough to find a benchmark that fits snugly but doesn't cause blisters.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/11/if-the-shoe-fits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is alpha dead?</title>
		<link>http://allaboutalpha.com/blog/2011/05/02/is-alpha-dead/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/02/is-alpha-dead/#comments</comments>
		<pubDate>Mon, 02 May 2011 12:51:28 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20997</guid>
		<description><![CDATA[
By: Andreas Steiner Consulting
Published: April 2011
Abstract: We are said to live in an &#8220;Alpha-centric&#8221; world, in which investors supposedly focus on &#8220;Alpha&#8221;. This demand is met  by active investment managers – &#8220;Alpha hunters&#8221;  &#8211; whose mission is about &#8220;generating superior risk-adjusted returns&#8221;, a popular synonym for Alpha. This note does not contribute to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/02/is-alpha-dead/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Crisis Alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2011/04/26/crisis-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2011/04/26/crisis-alpha/#comments</comments>
		<pubDate>Wed, 27 Apr 2011 01:00:40 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20764</guid>
		<description><![CDATA[Some types of alpha have a sting in the tail: they hibernate or head south when tail risks appear, while other types of alpha thrive on panics. Crisis alpha is about celebrating low Sharpe ratios, and looking beyond price volatility to gauge risk.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/04/26/crisis-alpha/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>GIPS to Hedge Fund Managers: No worries.  You&#8217;re already covered (mostly).</title>
		<link>http://allaboutalpha.com/blog/2011/04/14/gips-to-hedge-fund-managers-no-worries-youre-already-covered-mostly/</link>
		<comments>http://allaboutalpha.com/blog/2011/04/14/gips-to-hedge-fund-managers-no-worries-youre-already-covered-mostly/#comments</comments>
		<pubDate>Fri, 15 Apr 2011 01:00:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20501</guid>
		<description><![CDATA[The arbiters of quality investment reporting have released a new set of draft guidelines of hedge fund managers.  Most of it is simply a restatement of existing guidelines, but some is designed specifically for hedge funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/04/14/gips-to-hedge-fund-managers-no-worries-youre-already-covered-mostly/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Annual Consultant Search Forecast</title>
		<link>http://allaboutalpha.com/blog/2011/04/14/annual-consultant-search-forecast/</link>
		<comments>http://allaboutalpha.com/blog/2011/04/14/annual-consultant-search-forecast/#comments</comments>
		<pubDate>Thu, 14 Apr 2011 12:54:22 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20518</guid>
		<description><![CDATA[By: eVestment Alliance
Published: April 2011
Abstract: eVestment Alliance has worked in concert with Casey Quirk to produce the annual surveys of investment consultants in the US and Canada.  The report summarizes search activity for the previous year and provides a forward-looking perspective into search activity for the current year.
Related Post: Turn that tap off! The [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/04/14/annual-consultant-search-forecast/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is Pay for Performance Effective? Evidence from the Hedge Fund Industry</title>
		<link>http://allaboutalpha.com/blog/2011/04/12/is-pay-for-performance-effective-evidence-from-the-hedge-fund-industry/</link>
		<comments>http://allaboutalpha.com/blog/2011/04/12/is-pay-for-performance-effective-evidence-from-the-hedge-fund-industry/#comments</comments>
		<pubDate>Tue, 12 Apr 2011 13:35:35 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20469</guid>
		<description><![CDATA[By: Bing Liang, Christopher Schwarz 
Published: March 2011
Abstract: Using voluntary decisions to limit investment, we investigate if the high pay–performance sensitivities of hedge fund managers cause them to avoid overinvestment. Our results show that the primary objective of hedge fund managers is to hoard assets. We find that for funds closed to new investors, performance [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/04/12/is-pay-for-performance-effective-evidence-from-the-hedge-fund-industry/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portfolio Allocation for Public Pension Fund</title>
		<link>http://allaboutalpha.com/blog/2011/03/25/portfolio-allocation-for-public-pension-fund/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/25/portfolio-allocation-for-public-pension-fund/#comments</comments>
		<pubDate>Fri, 25 Mar 2011 13:26:37 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20212</guid>
		<description><![CDATA[By: George Pennacchi, Mahdi Rasta 
Published: March 2011
Abstract: This paper presents a model of a public pension fund’s choice of portfolio risk.  Optimal portfolio allocations are derived when pension fund management maximize the utility of wealth of a representative taxpayer or when pension fund management maximize their own utility of compensation.  The model’s [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/25/portfolio-allocation-for-public-pension-fund/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Performance of Currency Hedge Funds and Foreign Exchange Risk Premia</title>
		<link>http://allaboutalpha.com/blog/2011/03/16/the-performance-of-currency-hedge-funds-and-foreign-exchange-risk-premia/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/16/the-performance-of-currency-hedge-funds-and-foreign-exchange-risk-premia/#comments</comments>
		<pubDate>Wed, 16 Mar 2011 12:42:52 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20061</guid>
		<description><![CDATA[By:  Federico Nucera and Giorgio Valente 
Published: December 2010
Abstract: This study investigates the performance and risk of currency hedge funds from 1999 to 2009. Our results show that a substantial number of hedge funds generate returns that exceed foreign exchange risk premia obtained through carry trades. Small funds perform better than large funds and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/16/the-performance-of-currency-hedge-funds-and-foreign-exchange-risk-premia/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Report: Hedge funds should stick to the Green Zone to avoid land mines, enemy fire</title>
		<link>http://allaboutalpha.com/blog/2011/03/08/hedge-funds-should-stick-to-the-green-zone-to-avoid-land-mines-enemy-fire/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/08/hedge-funds-should-stick-to-the-green-zone-to-avoid-land-mines-enemy-fire/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 01:00:17 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19674</guid>
		<description><![CDATA[For some investors, the hedge fund world is assumed to be riddled with potential land mines and threats of heavy gunfire. Which is why finding managers who stick to the "Green Zone" is good practice, according to a new white paper. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/08/hedge-funds-should-stick-to-the-green-zone-to-avoid-land-mines-enemy-fire/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge funds and &#8220;stock manipulation&#8221;: Perpetrators, accomplices or just in the wrong place at the wrong time (again)?</title>
		<link>http://allaboutalpha.com/blog/2011/03/02/hedge-funds-and-stock-manipulation-perpetrators-accomplices-or-just-in-the-wrong-place-at-the-wrong-time-again/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/02/hedge-funds-and-stock-manipulation-perpetrators-accomplices-or-just-in-the-wrong-place-at-the-wrong-time-again/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 01:00:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19395</guid>
		<description><![CDATA[A new study of stocks with high hedge fund ownership claims that something fishy is going on at the end of every month.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/02/hedge-funds-and-stock-manipulation-perpetrators-accomplices-or-just-in-the-wrong-place-at-the-wrong-time-again/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Private and Public Real Estate &#8211; What&#8217;s the Link?</title>
		<link>http://allaboutalpha.com/blog/2011/03/02/private-and-public-real-estate-whats-the-link/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/02/private-and-public-real-estate-whats-the-link/#comments</comments>
		<pubDate>Wed, 02 Mar 2011 13:40:38 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19684</guid>
		<description><![CDATA[By: Raghu Suryanarayanan, Dan Stefek 
Published: May 2010
Abstract: In this paper, we study the relationship between private and public real estate in the US and UK markets. We demonstrate a strong link between public and private real estate returns in each of these markets. To uncover these relationships, we correct for appraisal smoothing and properly [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/02/private-and-public-real-estate-whats-the-link/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Public Pension Plans &amp; Alternative Assets</title>
		<link>http://allaboutalpha.com/blog/2011/03/01/public-pension-plans-alternative-assets/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/01/public-pension-plans-alternative-assets/#comments</comments>
		<pubDate>Tue, 01 Mar 2011 13:58:36 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19669</guid>
		<description><![CDATA[By: Preqin 
Published: February 2011
Abstract: Public pension funds are important and experienced investors in alternatives, and on average allocate 5.5% of their capital to private equity, with signi?cant commitments also existing to hedge funds, private real estate and infrastructure. Preqin data shows that the 20 largest public pension funds have a total of $224 billion [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/01/public-pension-plans-alternative-assets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Preqin Special Report: Funds of Funds January 2011</title>
		<link>http://allaboutalpha.com/blog/2011/02/14/preqin-special-report-funds-of-funds-january-2011/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/14/preqin-special-report-funds-of-funds-january-2011/#comments</comments>
		<pubDate>Mon, 14 Feb 2011 15:31:43 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19275</guid>
		<description><![CDATA[By: Preqin 
Published: January 2011
Abstract: Funds of funds have long acted as an important conduit for the ?ow of capital into the private equity industry. They provide a means of accessing the asset class for investors that lack the ?nance, knowledge or experience required to select and participate in funds directly. They also represent a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/14/preqin-special-report-funds-of-funds-january-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Tale of Two Bubbles</title>
		<link>http://allaboutalpha.com/blog/2011/02/10/a-tale-of-two-bubbles/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/10/a-tale-of-two-bubbles/#comments</comments>
		<pubDate>Fri, 11 Feb 2011 01:00:28 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18950</guid>
		<description><![CDATA[What the Dickens?! Although financial bubbles look pretty similar on the outside, it turns out that they may be more like snowflakes: no two are the same. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/10/a-tale-of-two-bubbles/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>bfinance Pension Fund Survey – January 2011: Property and alternative asset classes benefit from shift out of Fixed Income</title>
		<link>http://allaboutalpha.com/blog/2011/02/10/bfinance-pension-fund-survey-%e2%80%93-january-2011-property-and-alternative-asset-classes-benefit-from-shift-out-of-fixed-income/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/10/bfinance-pension-fund-survey-%e2%80%93-january-2011-property-and-alternative-asset-classes-benefit-from-shift-out-of-fixed-income/#comments</comments>
		<pubDate>Thu, 10 Feb 2011 15:44:50 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19159</guid>
		<description><![CDATA[By: bfinance 
Published: February 2011
Abstract: In the current state of uncertainty in bond markets, aggravated by the sovereign debt problems within the Eurozone, fixed income products have been the main losers in asset allocation by pension funds in the last six months, as revealed in our winter 2010 survey. In the previous survey, in May [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/10/bfinance-pension-fund-survey-%e2%80%93-january-2011-property-and-alternative-asset-classes-benefit-from-shift-out-of-fixed-income/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund quandary: Choosing fame or just fortune?</title>
		<link>http://allaboutalpha.com/blog/2011/02/08/hedge-fund-quandary-choosing-fame-or-just-fortune/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/08/hedge-fund-quandary-choosing-fame-or-just-fortune/#comments</comments>
		<pubDate>Wed, 09 Feb 2011 01:00:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18986</guid>
		<description><![CDATA[Do hedge funds really care about being the "best"?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/08/hedge-fund-quandary-choosing-fame-or-just-fortune/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A drawdown disguised as a pick-me-up?</title>
		<link>http://allaboutalpha.com/blog/2011/02/06/a-drawdown-disguised-as-a-pick-me-up/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/06/a-drawdown-disguised-as-a-pick-me-up/#comments</comments>
		<pubDate>Mon, 07 Feb 2011 01:00:51 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18888</guid>
		<description><![CDATA[A recent academic paper takes issue with the common view of what drawdowns mean for hedge fund performance. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/06/a-drawdown-disguised-as-a-pick-me-up/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2010 Alternative  Investment Survey of U.S. Institutions and Financial Advisors</title>
		<link>http://allaboutalpha.com/blog/2011/02/04/2010-alternative-investment-survey-of-u-s-institutions-and-financial-advisors/</link>
		<comments>http://allaboutalpha.com/blog/2011/02/04/2010-alternative-investment-survey-of-u-s-institutions-and-financial-advisors/#comments</comments>
		<pubDate>Fri, 04 Feb 2011 14:34:06 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18971</guid>
		<description><![CDATA[By: Morningstar and Barron’s
Published: January 2011
Abstract: Topics include Institutional and Advisor Survey Participant Profile, Defining Alternatives Investment Strategies, Past Growth and Future Growth Assumptions, Alternative Investment Drivers and Disincentives, Hot Topics in 2010: Accredited Investors, Commodity Investing, Fee Concessions.
Related Post: Investors: So long, &#8220;traditional&#8221; investments.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/02/04/2010-alternative-investment-survey-of-u-s-institutions-and-financial-advisors/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Researchers try to fix &#8220;unreliable&#8221; hedge fund measures</title>
		<link>http://allaboutalpha.com/blog/2011/01/23/researchers-try-to-fix-unreliable-hedge-fund-measures/</link>
		<comments>http://allaboutalpha.com/blog/2011/01/23/researchers-try-to-fix-unreliable-hedge-fund-measures/#comments</comments>
		<pubDate>Mon, 24 Jan 2011 01:00:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18713</guid>
		<description><![CDATA[The ubiquitous Sharpe ratio ignores those pesky "higher moments."  But evidently, that's not all it lacks.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/01/23/researchers-try-to-fix-unreliable-hedge-fund-measures/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>One possible reason why investable hedge fund indexes underperform</title>
		<link>http://allaboutalpha.com/blog/2011/01/20/one-possible-reason-why-investable-hedge-fund-indexes-underperform/</link>
		<comments>http://allaboutalpha.com/blog/2011/01/20/one-possible-reason-why-investable-hedge-fund-indexes-underperform/#comments</comments>
		<pubDate>Fri, 21 Jan 2011 01:00:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18643</guid>
		<description><![CDATA[Hedge fund indexes are often said to contain inherent biases - biases not shared by their investable counterparts.  Now, new research sheds light on one source of the divergence between these two types of indexes.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/01/20/one-possible-reason-why-investable-hedge-fund-indexes-underperform/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Report warns about taking credit spreads at face value</title>
		<link>http://allaboutalpha.com/blog/2011/01/12/report-warns-about-taking-credit-spreads-at-face-value/</link>
		<comments>http://allaboutalpha.com/blog/2011/01/12/report-warns-about-taking-credit-spreads-at-face-value/#comments</comments>
		<pubDate>Thu, 13 Jan 2011 01:00:06 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18490</guid>
		<description><![CDATA[Gone are the days when figuring the crowd affected the pricing and spreads along various parts of the credit market structure. According to a recent report by Standard &#038; Poor's, hedge fund traders and other market participants make measuring credit risk a lot more difficult than it used to be.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/01/12/report-warns-about-taking-credit-spreads-at-face-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Navigating the New Terrain in the Asset and Wealth Management Industry</title>
		<link>http://allaboutalpha.com/blog/2010/12/02/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry-2/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/02/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry-2/#comments</comments>
		<pubDate>Thu, 02 Dec 2010 16:01:27 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17759</guid>
		<description><![CDATA[By: Russel Reynolds Associates
Published: November 2010
Abstract: This 14th annual report of recruiting and compensation trends for the asset and wealth management industry highlights the key strategic forces at work and the corresponding implications for talent flows and compensation levels heading into 2011.
Related Post: For hedge fund HR departments, you apparently get what you pay for
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/02/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>U.S. Asset Management: 2010 Compensation Benchmarks</title>
		<link>http://allaboutalpha.com/blog/2010/12/02/u-s-asset-management-2010-compensation-benchmarks/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/02/u-s-asset-management-2010-compensation-benchmarks/#comments</comments>
		<pubDate>Thu, 02 Dec 2010 15:48:39 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17755</guid>
		<description><![CDATA[By: Johnson Associates
Published: November 2010
Abstract: Asset management compensation is rebounding after two difficult years characterized by decreases in assets under management, stock market volatility, job/cost cutting, and other challenges.
Related Post: For hedge fund HR departments, you apparently get what you pay for
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/02/u-s-asset-management-2010-compensation-benchmarks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2011 Glocap Hedge Fund Compensation Report</title>
		<link>http://allaboutalpha.com/blog/2010/12/02/2011-glocap-hedge-fund-compensation-report/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/02/2011-glocap-hedge-fund-compensation-report/#comments</comments>
		<pubDate>Thu, 02 Dec 2010 15:43:34 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17752</guid>
		<description><![CDATA[By: HFR 
Published: September 2010
Abstract: This sample extract from the 2011 Report is provided for your reference so that you might become familiar with the content and quality of the report materials.
Related Post: For hedge fund HR departments, you apparently get what you pay for
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/02/2011-glocap-hedge-fund-compensation-report/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha Opportunities in Event Investing</title>
		<link>http://allaboutalpha.com/blog/2010/12/01/alpha-opportunities-in-event-investing/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/01/alpha-opportunities-in-event-investing/#comments</comments>
		<pubDate>Wed, 01 Dec 2010 15:38:17 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17717</guid>
		<description><![CDATA[By: Deepak Gurnani, Michael Longo, Matthew Dadaian 
Published: September 2010
Abstract: The purpose of this paper is to present a framework for event investing and to identify attractive event investing opportunities in the aftermath of the 2008 crisis. We view the event investing cycle in four stages: economic slowdown, corporate restructuring, recovery, and expansion.
Related Post: Investors [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/01/alpha-opportunities-in-event-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Relation Between Hedge Fund Size and Risk</title>
		<link>http://allaboutalpha.com/blog/2010/11/23/the-relation-between-hedge-fund-size-and-risk/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/23/the-relation-between-hedge-fund-size-and-risk/#comments</comments>
		<pubDate>Tue, 23 Nov 2010 14:47:01 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17461</guid>
		<description><![CDATA[By: Haim A. Mozes, Jason Orchard 
Published: November 2010
Abstract: In their quest for safety, investors have been willing to forego the higher returns that could be achieved with investing in smaller hedge funds for the perceived greater safety of investing in larger hedge funds. This paper provides evidence that this approach may be misplaced, because [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/23/the-relation-between-hedge-fund-size-and-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Navigating the New Terrain in the Asset and Wealth Management Industry</title>
		<link>http://allaboutalpha.com/blog/2010/11/17/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/17/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry/#comments</comments>
		<pubDate>Wed, 17 Nov 2010 19:45:29 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17230</guid>
		<description><![CDATA[By: Russell Reynolds Association 
Published: October 2010
Abstract: This 14th annual report of recruiting and compensation trends for the asset and wealth management industry highlights the key strategic forces at work and the corresponding implications for talent flows and compensation levels heading into 2011.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/17/navigating-the-new-terrain-in-the-asset-and-wealth-management-industry/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Emerging Hedge Funds: A Source of Alpha</title>
		<link>http://allaboutalpha.com/blog/2010/11/11/emerging-hedge-funds-a-source-of-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/11/emerging-hedge-funds-a-source-of-alpha/#comments</comments>
		<pubDate>Thu, 11 Nov 2010 20:26:36 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17142</guid>
		<description><![CDATA[By: Deepak Gurnani, Ludget Hentschel, Nirav Shah 
Published: October 2010
Abstract: We show that large funds have generated mediocre performance relative to hedge funds in the same strategy. In particular, large funds have generated basically zero alpha relative to an appropriate strategy index.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/11/emerging-hedge-funds-a-source-of-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Young bucks challenge for supremacy but are fought back in 2009: Study</title>
		<link>http://allaboutalpha.com/blog/2010/11/01/study-on-small-funds-and-young-funds-finds-universe-almost-back-to-normal-after-2008-reversal/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/01/study-on-small-funds-and-young-funds-finds-universe-almost-back-to-normal-after-2008-reversal/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 00:00:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16896</guid>
		<description><![CDATA[Does size matter?  How about age?  An annual study indicates it was best to be a "tenured" hedge fund, but not a "large" hedge fund in 2009.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/01/study-on-small-funds-and-young-funds-finds-universe-almost-back-to-normal-after-2008-reversal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A &#8220;concrete&#8221; measure of absolute returns?</title>
		<link>http://allaboutalpha.com/blog/2010/10/20/a-concrete-measure-of-absolute-returns/</link>
		<comments>http://allaboutalpha.com/blog/2010/10/20/a-concrete-measure-of-absolute-returns/#comments</comments>
		<pubDate>Thu, 21 Oct 2010 00:00:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16686</guid>
		<description><![CDATA[What exactly are "absolute returns" anyway?  Ask 10 different investors and you'll probably get 10 different answers.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/10/20/a-concrete-measure-of-absolute-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Effect of Life Settlement Portfolio Size on Longevity Risk</title>
		<link>http://allaboutalpha.com/blog/2010/09/22/the-effect-of-life-settlement-portfolio-size-on-longevity-risk/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/22/the-effect-of-life-settlement-portfolio-size-on-longevity-risk/#comments</comments>
		<pubDate>Wed, 22 Sep 2010 14:03:01 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16112</guid>
		<description><![CDATA[By: Paul Siegert, Christopher Kampa 
Published: September 2010
Abstract: A data set of 2,000 life settlement policies was assembled from which testing samples were extracted. Insured individuals ranged in age from 65 to 95 and estimated LEs ranged from 64 to 96 months. Policy face values ranged from $70,000 to $10,000,000. A statistical model was constructed to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/22/the-effect-of-life-settlement-portfolio-size-on-longevity-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>P&amp;I/TW 300 analysis</title>
		<link>http://allaboutalpha.com/blog/2010/09/22/pitw-300-analysis/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/22/pitw-300-analysis/#comments</comments>
		<pubDate>Wed, 22 Sep 2010 13:38:17 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16108</guid>
		<description><![CDATA[By: P&#38;I 
Published: September 2010
Abstract: A summary of statistics gathered on the assets under management of the world&#8217;s largest pensions funds.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/22/pitw-300-analysis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When hedge fund managers really hate tiny losses</title>
		<link>http://allaboutalpha.com/blog/2010/09/15/when-hedge-fund-managers-really-hate-tiny-losses/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/15/when-hedge-fund-managers-really-hate-tiny-losses/#comments</comments>
		<pubDate>Thu, 16 Sep 2010 00:00:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15752</guid>
		<description><![CDATA[When assets are beating a path to their door, hedge fund managers will take their lumps.  But when investors are starting to revolt, a negative return can really ruin their day.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/15/when-hedge-fund-managers-really-hate-tiny-losses/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Have your cake and eat it too, but beware of getting a fat tail</title>
		<link>http://allaboutalpha.com/blog/2010/09/14/have-your-cake-and-eat-it-too-but-beware-of-getting-a-fat-tail/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/14/have-your-cake-and-eat-it-too-but-beware-of-getting-a-fat-tail/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 00:00:58 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15793</guid>
		<description><![CDATA[It would be great to survive on a diet of only chocolate cake. The reality, as most know, is to go for a more balanced and well-rounded diet to avoid tail risk.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/14/have-your-cake-and-eat-it-too-but-beware-of-getting-a-fat-tail/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Academic study examines why some hedge funds appear to be fudging valuations</title>
		<link>http://allaboutalpha.com/blog/2010/09/12/academic-study-examines-why-some-hedge-funds-appear-to-be-fudging-valuations/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/12/academic-study-examines-why-some-hedge-funds-appear-to-be-fudging-valuations/#comments</comments>
		<pubDate>Mon, 13 Sep 2010 00:00:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15728</guid>
		<description><![CDATA[Researchers have always known that some hedge funds seem to exercise a certain degree of "flexibility" with regard to valuing less liquid positions.  But a new study of hedge funds' publicly-traded positions suggest some managers may be a little too flexible.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/12/academic-study-examines-why-some-hedge-funds-appear-to-be-fudging-valuations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Meet the &#8220;New Normal&#8221;&#8230; Same as the &#8220;Old Normal&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/09/07/meet-the-new-normal-same-as-the-old-normal/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/07/meet-the-new-normal-same-as-the-old-normal/#comments</comments>
		<pubDate>Wed, 08 Sep 2010 00:00:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15523</guid>
		<description><![CDATA[After the financial crisis - indeed after any crisis - pundits invariably proclaim a "new normal".  But is the "new" normal really that different from the old one?  At least one academic says "no".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/07/meet-the-new-normal-same-as-the-old-normal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paying for Pain or Pleasure?</title>
		<link>http://allaboutalpha.com/blog/2010/08/30/paying-for-pain-or-pleasure/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/30/paying-for-pain-or-pleasure/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 13:47:56 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15586</guid>
		<description><![CDATA[By: Ed Moisson
Published: August 2010
Abstract: Are performance fees a panacea or Pandora’s box? The alignment of interests between managers and investors would seem to be a powerful argument in favour of funds using performance fees. But questions remain as to exactly how such fees are structured and, as they are appearing more frequently in the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/30/paying-for-pain-or-pleasure/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Long &amp; Short of the Last Decade</title>
		<link>http://allaboutalpha.com/blog/2010/08/23/the-long-short-of-the-last-decade/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/23/the-long-short-of-the-last-decade/#comments</comments>
		<pubDate>Mon, 23 Aug 2010 18:17:39 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15428</guid>
		<description><![CDATA[By: AlphaOne Capital Partners
Published: August 2010
Abstract: From January 2000 to December 2009, the S&#38;P 500 generated a total return of -9.1%. Equity long-short strategies, however, generated a total return of 68.9% (+78%) over the same period. In a bear market decade, equity hedge strategies disproved the conventional wisdom that higher returns must mean higher risk.
More. . [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/23/the-long-short-of-the-last-decade/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Switching Horses Mid-Race: How to know when riding different betas creates alpha</title>
		<link>http://allaboutalpha.com/blog/2010/08/10/switching-horses-mid-race-how-to-know-when-riding-different-betas-creates-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/10/switching-horses-mid-race-how-to-know-when-riding-different-betas-creates-alpha/#comments</comments>
		<pubDate>Wed, 11 Aug 2010 00:00:57 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14869</guid>
		<description><![CDATA[Alpha doesn't always have to come from security selection - as today's guest contributor points out.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/10/switching-horses-mid-race-how-to-know-when-riding-different-betas-creates-alpha/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>&#8220;Correlation Factor&#8221; may allow risk managers to treat the disease, not just the symptoms</title>
		<link>http://allaboutalpha.com/blog/2010/08/08/correlation-factor-may-allow-risk-managers-to-treat-the-disease-not-just-the-symptoms/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/08/correlation-factor-may-allow-risk-managers-to-treat-the-disease-not-just-the-symptoms/#comments</comments>
		<pubDate>Mon, 09 Aug 2010 00:00:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14914</guid>
		<description><![CDATA[As researchers discover new genes that influence hedge fund returns, new medicines are possible - and new questions need to be raised.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/08/correlation-factor-may-allow-risk-managers-to-treat-the-disease-not-just-the-symptoms/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>&#8220;Inertia Benchmarks&#8221;: Prudent management or couch potato strategy</title>
		<link>http://allaboutalpha.com/blog/2010/08/04/inertia-benchmarks-prudent-management-or-couch-potato-strategy/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/04/inertia-benchmarks-prudent-management-or-couch-potato-strategy/#comments</comments>
		<pubDate>Thu, 05 Aug 2010 03:48:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[inertia benchmark]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14932</guid>
		<description><![CDATA[Sometimes just kicking back and watching TV is the best thing your portfolio manager can do for you.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/04/inertia-benchmarks-prudent-management-or-couch-potato-strategy/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>How to avoid getting drowned by &#8220;average leverage&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/08/03/how-to-avoid-being-drowned-by-average-leverage/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/03/how-to-avoid-being-drowned-by-average-leverage/#comments</comments>
		<pubDate>Wed, 04 Aug 2010 00:00:51 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14838</guid>
		<description><![CDATA[How do you calculate the "average" leverage in a portfolio of hedge funds when some funds shun borrowing while others are leveraged to the hilt?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/03/how-to-avoid-being-drowned-by-average-leverage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The performance of hedge funds in different VIX &#8220;states&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/06/20/the-performance-of-hedge-funds-in-different-vix-states/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/20/the-performance-of-hedge-funds-in-different-vix-states/#comments</comments>
		<pubDate>Mon, 21 Jun 2010 00:00:11 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13909</guid>
		<description><![CDATA[Do hedge funds like chaos?  Some do and some don't according to our guest author today.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/20/the-performance-of-hedge-funds-in-different-vix-states/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Transformation: The Future of Alternative Investments</title>
		<link>http://allaboutalpha.com/blog/2010/06/14/transformation-the-future-of-alternative-investments/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/14/transformation-the-future-of-alternative-investments/#comments</comments>
		<pubDate>Mon, 14 Jun 2010 13:58:07 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13960</guid>
		<description><![CDATA[By: KPMG
Published: June 2010
Abstract: Based on surveys and structured interviews conducted globally between February and June 2010, this study has benefited from the participation of 200 respondents across 26 countries, and includes: alternative investment managers with US$515 billion under management; administrators with US$4.2 trillion under administration; and, institutional investors with US$884 billion under management. In [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/14/transformation-the-future-of-alternative-investments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>To rise to a challenge, you just need a platform to step on&#8230;</title>
		<link>http://allaboutalpha.com/blog/2010/06/10/to-rise-to-a-challenge-you-just-need-a-platform-to-step-on/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/10/to-rise-to-a-challenge-you-just-need-a-platform-to-step-on/#comments</comments>
		<pubDate>Fri, 11 Jun 2010 00:00:37 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13835</guid>
		<description><![CDATA[The Depository Trust and Clearing Corp., with the help of some of the better-known names in the clearing and custody industry, is planning on creating a FundServ for alternative investments that hedge funds and others can list on, abide by and theoretically rise to. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/10/to-rise-to-a-challenge-you-just-need-a-platform-to-step-on/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Despite lingering questions, last month&#8217;s &#8220;in-like-a-lion&#8221; routine was not as scary for long/short mutual funds</title>
		<link>http://allaboutalpha.com/blog/2010/06/07/despite-lingering-questions-mays-in-like-a-lion-routine-not-as-scary-for-longshort-mutual-funds/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/07/despite-lingering-questions-mays-in-like-a-lion-routine-not-as-scary-for-longshort-mutual-funds/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 00:00:23 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13562</guid>
		<description><![CDATA[The first week of May was one for the ages.  When the volatility lion roared, long-short mutual funds seem to have scattered in all directions. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/07/despite-lingering-questions-mays-in-like-a-lion-routine-not-as-scary-for-longshort-mutual-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Exotic to Mainstream: Growth of Alternative Mutual Funds in the U.S. and Europe</title>
		<link>http://allaboutalpha.com/blog/2010/05/28/growth-of-alternative-mutual-funds-in-the-u-s-and-europe/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/28/growth-of-alternative-mutual-funds-in-the-u-s-and-europe/#comments</comments>
		<pubDate>Fri, 28 May 2010 13:10:19 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Timely Research]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13675</guid>
		<description><![CDATA[By: SEI Knowledge Partners
Published: May 2010
Abstract: The financial crisis caused investors to reconsider several fundamental investment tenets – with some even questioning the legitimacy of modern portfolio theory and its diversification underpinning. Nonetheless, respected investment strategists have concluded that diversification remains a valid approach although it has become more difficult to achieve and warrants incorporation [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/28/growth-of-alternative-mutual-funds-in-the-u-s-and-europe/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Researchers wonder whether dedicated short biased funds are just one trick ponies</title>
		<link>http://allaboutalpha.com/blog/2010/05/26/researchers-wonder-whether-dedicated-short-biased-funds-are-just-one-trick-ponies/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/26/researchers-wonder-whether-dedicated-short-biased-funds-are-just-one-trick-ponies/#comments</comments>
		<pubDate>Thu, 27 May 2010 00:00:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13623</guid>
		<description><![CDATA[A recent study of dedicated short biased hedge funds reveals that when markets go up, their managers still have a trick or two up their sleeves. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/26/researchers-wonder-whether-dedicated-short-biased-funds-are-just-one-trick-ponies/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Research shows hedge fund managers not just overpaid, blindfolded dart-throwers</title>
		<link>http://allaboutalpha.com/blog/2010/05/24/research-shows-hedge-fund-managers-not-just-overpaid-blindfolded-dart-throwers/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/24/research-shows-hedge-fund-managers-not-just-overpaid-blindfolded-dart-throwers/#comments</comments>
		<pubDate>Tue, 25 May 2010 00:00:05 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13446</guid>
		<description><![CDATA[Active managers aren't just overpaid dart-throwers who close their eyes and hope for the best, according to researchers. It turns out they actually peek - which may explain their apparent out-performance.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/24/research-shows-hedge-fund-managers-not-just-overpaid-blindfolded-dart-throwers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund strategy sub-indices found to be a little too &#8220;consistent&#8221; with each other</title>
		<link>http://allaboutalpha.com/blog/2010/04/13/hedge-fund-strategy-sub-indices-found-to-be-a-little-too-consistent-with-each-other/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/13/hedge-fund-strategy-sub-indices-found-to-be-a-little-too-consistent-with-each-other/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 00:00:49 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12393</guid>
		<description><![CDATA[A study of seven hedge fund strategies concludes that there is an uncomfortably high level of "consistency" among their returns. So much for non-correlation...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/13/hedge-fund-strategy-sub-indices-found-to-be-a-little-too-consistent-with-each-other/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Academics dabble in vexillology to better predict hedge fund fraud</title>
		<link>http://allaboutalpha.com/blog/2010/04/11/academics-dabble-in-vexillology-to-better-predict-hedge-fund-fraud/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/11/academics-dabble-in-vexillology-to-better-predict-hedge-fund-fraud/#comments</comments>
		<pubDate>Mon, 12 Apr 2010 00:00:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12522</guid>
		<description><![CDATA[What can you do if you don't have any information on a hedge fund manager's regulatory record?  Turns out you can divine a lot by looking for "performance flags."]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/11/academics-dabble-in-vexillology-to-better-predict-hedge-fund-fraud/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Did Equity Long/Short Hedge Funds Fail Investors in 2008 &amp; 2009?</title>
		<link>http://allaboutalpha.com/blog/2010/04/08/did-equity-longshort-hedge-funds-fail-investors-in-2008-2009/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/08/did-equity-longshort-hedge-funds-fail-investors-in-2008-2009/#comments</comments>
		<pubDate>Fri, 09 Apr 2010 00:00:15 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12221</guid>
		<description><![CDATA[Despite clearly failing in their reported "promise" to generate positive returns, long/short equity funds were actually successful in achieving their primary goals in 2008/09. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/08/did-equity-longshort-hedge-funds-fail-investors-in-2008-2009/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Absolute returns revisited</title>
		<link>http://allaboutalpha.com/blog/2010/04/01/absolute-returns-revisited/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/01/absolute-returns-revisited/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 14:58:25 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12862</guid>
		<description><![CDATA[By: Alexander Ineichen
Published: April, 2010
Introduction: The term “absolute returns” has been battered as well as misused by business and politics alike. We aim to clarify. The term stands for an investment philosophy that stands in stark contrast to financial orthodoxy. And that’s a good thing.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/01/absolute-returns-revisited/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Building a Hedge Fund Portfolio with Kurtosis and Skewness</title>
		<link>http://allaboutalpha.com/blog/2010/04/01/building-a-hedge-fund-portfolio-with-kurtosis-and-skewness/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/01/building-a-hedge-fund-portfolio-with-kurtosis-and-skewness/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 14:20:45 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12747</guid>
		<description><![CDATA[By: Mark Anson
Published: April, 2010
Introduction: Every distribution of returns associated with an asset can be described by statistics known as “moments.” Under the assumption that the return distribution associated with an asset follows a bell curve pattern, only the first two moments of the distribution—the mean and the variance—are needed to describe the pattern of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/01/building-a-hedge-fund-portfolio-with-kurtosis-and-skewness/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What US college basketball can teach us about &#8220;survivorship bias&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/03/28/what-us-college-basketball-can-teach-us-about-survivorship-bias/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/28/what-us-college-basketball-can-teach-us-about-survivorship-bias/#comments</comments>
		<pubDate>Mon, 29 Mar 2010 00:00:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10986</guid>
		<description><![CDATA[On April 6th, 2010, the only team remaining in the NCAA Men's basketball tournament will have a record of 6-0.  Imagine trying to extrapolate that team's record across all 65 tournament participants.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/28/what-us-college-basketball-can-teach-us-about-survivorship-bias/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Fat tails: For hedge fund investors, the last free item on the lunch menu</title>
		<link>http://allaboutalpha.com/blog/2010/03/16/fat-tails-for-hedge-fund-investors-a-free-item-on-the-lunch-menu/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/16/fat-tails-for-hedge-fund-investors-a-free-item-on-the-lunch-menu/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 02:00:56 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10578</guid>
		<description><![CDATA[Thought there was no such thing as a free lunch? For hedge fund investors, there apparently is, according to a new research study, especially if they're looking to avoid a little kurtosis. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/16/fat-tails-for-hedge-fund-investors-a-free-item-on-the-lunch-menu/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Predicting Hedge Fund Fraud with Performance Flags</title>
		<link>http://allaboutalpha.com/blog/2010/03/12/predicting-hedge-fund-fraud-with-performance-flags/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/12/predicting-hedge-fund-fraud-with-performance-flags/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 13:22:00 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12613</guid>
		<description><![CDATA[By: Nicholas P.B. Bollen, Vanderbilt
Published: March 12, 2010
Abstract: Recent cases of hedge fund fraud have caused large losses for investors and have fueled the debate regarding the ability of regulators to oversee the industry. This paper develops a set of performance flags, based on suspicious patterns in returns, as indicators of a heightened risk of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/12/predicting-hedge-fund-fraud-with-performance-flags/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Passive Hedge Fund Replication – Beyond the Linear Case</title>
		<link>http://allaboutalpha.com/blog/2010/03/01/passive-hedge-fund-replication-%e2%80%93-beyond-the-linear-case/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/01/passive-hedge-fund-replication-%e2%80%93-beyond-the-linear-case/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 18:55:53 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12619</guid>
		<description><![CDATA[By: Noël Amenc
Published: March, 2010
Abstract: In this paper we extend?Hasanhodzic and Lo (2007)?by assessing the out-of-sample performance of various non-linear and conditional hedge fund replication models. We find that going beyond the linear case does not necessarily enhance the replication power. On the other hand, we find that selecting factors on the basis on an [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/01/passive-hedge-fund-replication-%e2%80%93-beyond-the-linear-case/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rethinking Performance in the Hedge Fund Industry</title>
		<link>http://allaboutalpha.com/blog/2010/03/01/rethinking-performance-in-the-hedge-fund-industry-2/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/01/rethinking-performance-in-the-hedge-fund-industry-2/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 14:03:30 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12593</guid>
		<description><![CDATA[By: Oxford Metrica
Published:March, 2010
Introduction: The purpose of this briefing is to provide an overview of the current state of hedge fund classification; to offer an analysis of the risk and return characteristics of the major types of hedge funds; to introduce cluster analysis and to describe the hedge fund universe in these terms.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/01/rethinking-performance-in-the-hedge-fund-industry-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Who said hedge funds don&#8217;t like chaos?</title>
		<link>http://allaboutalpha.com/blog/2010/02/18/who-said-hedge-funds-dont-like-chaos/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/18/who-said-hedge-funds-dont-like-chaos/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 02:18:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[active management]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge fund industry returns]]></category>
		<category><![CDATA[hedge fund volatility]]></category>
		<category><![CDATA[VIX]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9952</guid>
		<description><![CDATA[A report from Moody's shows that hedge funds seem to hate volatility.  But is this always true?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/18/who-said-hedge-funds-dont-like-chaos/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Research from the other side: What happens before the birth and after the death of a hedge fund?</title>
		<link>http://allaboutalpha.com/blog/2010/02/16/research-from-the-other-side-what-happens-before-the-birth-and-after-the-death-of-a-hedge-fund/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/16/research-from-the-other-side-what-happens-before-the-birth-and-after-the-death-of-a-hedge-fund/#comments</comments>
		<pubDate>Wed, 17 Feb 2010 02:00:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[backfill bias]]></category>
		<category><![CDATA[hedge fund databases]]></category>
		<category><![CDATA[hedge fund reporting]]></category>
		<category><![CDATA[survivorship bias]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9794</guid>
		<description><![CDATA[A new academic study uses 13-F filings to peer before a hedge fund begins to report to a hedge fund database and to look beyond when those funds stop reporting.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/16/research-from-the-other-side-what-happens-before-the-birth-and-after-the-death-of-a-hedge-fund/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>What up with the Hedge Funds of Funds Index last year?  Theories abound.</title>
		<link>http://allaboutalpha.com/blog/2010/02/15/what-up-with-the-hedge-funds-of-funds-index-last-year-theories-abound/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/15/what-up-with-the-hedge-funds-of-funds-index-last-year-theories-abound/#comments</comments>
		<pubDate>Tue, 16 Feb 2010 02:00:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[funds of funds]]></category>
		<category><![CDATA[hedge fund index]]></category>
		<category><![CDATA[hedge fund performance]]></category>
		<category><![CDATA[HFRI]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9604</guid>
		<description><![CDATA[Academics and researchers who study the hedge fund industry sometimes say that the best way to gauge the average performance of hedge funds is to look at an index of funds of funds (FoFs), not an index of hedge funds themselves.  The funds of funds, the argument goes, contain many funds that do not report [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/15/what-up-with-the-hedge-funds-of-funds-index-last-year-theories-abound/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Attrition, Survivorship Bias, and Performance: Perspectives from the Global Financial Crisis</title>
		<link>http://allaboutalpha.com/blog/2010/02/12/hedge-fund-attrition-survivorship-bias-and-performance-perspectives-from-the-global-financial-crisis/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/12/hedge-fund-attrition-survivorship-bias-and-performance-perspectives-from-the-global-financial-crisis/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 14:38:50 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12266</guid>
		<description><![CDATA[By: Xiaoqing Eleanor Xu, Seton Hall
Published: February 12, 2010
Abstract: The impact of the global financial crisis since 2007 has been deep and broad, blanketing the financial and economic landscape and hammering the hedge fund industry. Using both active and inactive hedge fund return data from the CISDM database from January of 1994 to March of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/12/hedge-fund-attrition-survivorship-bias-and-performance-perspectives-from-the-global-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Hedge Fund Flow Report</title>
		<link>http://allaboutalpha.com/blog/2010/02/01/the-hedge-fund-flow-report/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/01/the-hedge-fund-flow-report/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 15:21:57 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10673</guid>
		<description><![CDATA[By: TrimTabs
Published: February, 2010
Introduction: Many academic studies teach, and the collapse in equity prices in 2008 reminds, that hedge funds are subject to brutal sell-offs one would not expect looking solely at the mean and variance of their historical returns. Kurtosis measures the risk of a highly implausible event coming to pass more frequently than [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/01/the-hedge-fund-flow-report/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Inferring Reporting Biases in Hedge Fund Databases from Hedge Fund Equity Holdings</title>
		<link>http://allaboutalpha.com/blog/2010/02/01/inferring-reporting-biases-in-hedge-fund-databases-from-hedge-fund-equity-holdings/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/01/inferring-reporting-biases-in-hedge-fund-databases-from-hedge-fund-equity-holdings/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 15:17:49 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9836</guid>
		<description><![CDATA[By: Vikas Agarwal, Georgia State University
Published: February, 2010
Introduction: This paper is a first study that formally analyzes the degree of the self-reporting bias in the hedge funds databases by exploring the quarterly equity holdings of a complete list of hedge fund companies that file the Form 13F to the SEC between 1980 and 2008 and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/01/inferring-reporting-biases-in-hedge-fund-databases-from-hedge-fund-equity-holdings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Assessing possible sources of systemic risk from hedge funds</title>
		<link>http://allaboutalpha.com/blog/2010/02/01/assessing-possible-sources-of-systemic-risk-from-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/01/assessing-possible-sources-of-systemic-risk-from-hedge-funds/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 13:48:16 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10250</guid>
		<description><![CDATA[By: FSA, UK
Published: February, 2010
Introduction: We have an important role to play in assessing and mitigating systemic risk as we carry out our supervisory and regulatory functions. It has been suggested that hedge funds2 could pose a source of systemic risk to the financial system and this paper describes some of the survey work we [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/01/assessing-possible-sources-of-systemic-risk-from-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Up-capture: A different way of defining value-added in fund management</title>
		<link>http://allaboutalpha.com/blog/2010/01/21/up-capture-a-different-way-of-defining-value-added-in-fund-management/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/21/up-capture-a-different-way-of-defining-value-added-in-fund-management/#comments</comments>
		<pubDate>Fri, 22 Jan 2010 02:00:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8872</guid>
		<description><![CDATA[A new paper suggests that just because your manager has trailed the index in the past three years doesn't mean she's going to trail in the future - particularly if you have your own expectations for the direction of markets. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/21/up-capture-a-different-way-of-defining-value-added-in-fund-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Statistical Comparison of the CAPM to the Fama-French Three Factor Model and the Carhart&#8217;s Model</title>
		<link>http://allaboutalpha.com/blog/2010/01/20/a-statistical-comparison-of-the-capm-to-the-fama-french-three-factor-model-and-the-carharts-model/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/20/a-statistical-comparison-of-the-capm-to-the-fama-french-three-factor-model-and-the-carharts-model/#comments</comments>
		<pubDate>Wed, 20 Jan 2010 16:54:01 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9705</guid>
		<description><![CDATA[By: Zakri Y. Bello, Connecticut State University
Published: January 20, 2010
Abstract: The goal of this study is to compare the CAPM to the Fama-French (FF) Three Factor Model and to Carhart&#8217;s extension of the FF Model with regard to (1) statistical goodness of fit, and (2) the quality of prediction. My sample consists of actively managed [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/20/a-statistical-comparison-of-the-capm-to-the-fama-french-three-factor-model-and-the-carharts-model/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Risk-Neutral Valuation of Real Estate Derivatives</title>
		<link>http://allaboutalpha.com/blog/2010/01/14/risk-neutral-valuation-of-real-estate-derivatives/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/14/risk-neutral-valuation-of-real-estate-derivatives/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 18:31:01 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Private Equity]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9727</guid>
		<description><![CDATA[By: David Van Bragt, ORTEC Consultants
Published: January 14, 2010
Abstract: We propose a novel and intuitive risk-neutral valuation model for real estate derivatives. We first model the underlying efficient market price of real estate and then construct the observed index value with an adaptation of the price update rule by Blundell and Ward (1987). The resulting [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/14/risk-neutral-valuation-of-real-estate-derivatives/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Leveraged CAPM</title>
		<link>http://allaboutalpha.com/blog/2010/01/14/leveraged-capm/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/14/leveraged-capm/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 18:27:09 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Private Equity]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9724</guid>
		<description><![CDATA[By: Jörg Seidel, Chair of Corporate and Ship Finance
Published: January 14, 2010
Abstract: This paper documents that the size effect (Banz, 1981) and the contrarian effect (DeBondt and Thaler, 1985) can be explained by a measurement error in beta. This measurement error results from a change in financial leverage during the beta estimation window. Based on [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/14/leveraged-capm/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Comparison of Quantitative and Qualitative Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2010/01/07/a-comparison-of-quantitative-and-qualitative-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/07/a-comparison-of-quantitative-and-qualitative-hedge-funds/#comments</comments>
		<pubDate>Thu, 07 Jan 2010 14:13:40 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10341</guid>
		<description><![CDATA[By:  Ludwig B. Chincarini, Pomona College
Published: January 7, 2010
Abstract: In the last 20 years, the amount of assets managed by quantitative and qualitative hedge funds have grown dramatically. We examine the difference between quantitative and qualitative hedge funds in a variety of ways, including management differences and performance differences. We find that both quantitative and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/07/a-comparison-of-quantitative-and-qualitative-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Study aims to shed light on &#8220;darkness&#8221; in hedge fund databases</title>
		<link>http://allaboutalpha.com/blog/2010/01/05/study-aims-to-shed-light-on-darkness-in-hedge-fund-databases/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/05/study-aims-to-shed-light-on-darkness-in-hedge-fund-databases/#comments</comments>
		<pubDate>Wed, 06 Jan 2010 00:00:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8606</guid>
		<description><![CDATA[Researchers have adjusted for a reporting bias in hedge fund databases for many years.  But a new study suggests these biases run both ways.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/05/study-aims-to-shed-light-on-darkness-in-hedge-fund-databases/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Insights into the Global Financial Crisis</title>
		<link>http://allaboutalpha.com/blog/2009/12/16/insights-into-the-global-financial-crisis/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/16/insights-into-the-global-financial-crisis/#comments</comments>
		<pubDate>Wed, 16 Dec 2009 15:07:42 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12415</guid>
		<description><![CDATA[By: CFA
Published: December 16, 2009
Introduction: At a recent meeting of the Research Foundation of CFA Institute Board of Trustees, one trustee insightfully commented that a successful Research Foundation book should explore the outer edges of ideas, contributing unique knowledge and perspectives while also being relevant to investment practitioners. This book, a collection of wisdom from [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/16/insights-into-the-global-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Simple and optimal alpha strategy selection and risk budgeting or Goodbye to 91.5% and all that</title>
		<link>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 21:56:07 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8010</guid>
		<description><![CDATA[By: Robert Scott, CFA, Schroders Investment Management
Published: October 15,2009 &#38; November 2, 2009 (revised)
Abstract: A simple measure is developed that can determine if investment efficiency is increased by including an alpha strategy. If the correlation between alpha and beta is lower than the ratio of information to Sharpe ratios, the strategy should be pursued. A [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Two amazingly simple rules for making alpha/beta allocations</title>
		<link>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 01:00:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7909</guid>
		<description><![CDATA[Leave it to the investment practitioners to come up with, well, "practical" tools...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		<title>Directive on Alternative Investment Fund Managers</title>
		<link>http://allaboutalpha.com/blog/2009/12/01/directive-on-alternative-investment-fund-managers/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/01/directive-on-alternative-investment-fund-managers/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 15:15:47 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12418</guid>
		<description><![CDATA[By: Commission of the European Communities
Published: December, 2009
Introduction: The present proposal forms part of an ambitious Commission programme to extend appropriate regulation and oversight to all actors and activities that embed significant risks. The proposed legislation will introduce harmonised requirements for entities engaged in the management and administration of alternative investment funds (AIFM). The need [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/01/directive-on-alternative-investment-fund-managers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Investing in Hedge Funds: A Survey</title>
		<link>http://allaboutalpha.com/blog/2009/12/01/investing-in-hedge-funds-a-survey-2/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/01/investing-in-hedge-funds-a-survey-2/#comments</comments>
		<pubDate>Tue, 01 Dec 2009 14:17:10 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13140</guid>
		<description><![CDATA[By: The Research Foundation of the CFA Institute
Published: December, 2009
Abstract: Although the media and many investors perceive hedge funds to be uniformly risky, the facts are that little about the hedge fund universe is homogenous. Some hedge funds hedge, whereas others take directional market risks. As a result of the private and opaque nature of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/01/investing-in-hedge-funds-a-survey-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

