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	<title>AllAboutAlpha: Hedge Fund Trends &#38; Alternative Investment Analysis &#187; Hedge Fund Operations and Risk Management</title>
	<atom:link href="http://allaboutalpha.com/blog/category/postingcategories/hedge-fund-operations-and-risk-management/feed/" rel="self" type="application/rss+xml" />
	<link>http://allaboutalpha.com/blog</link>
	<description>A finance blog about hedge funds, portable alpha and alternative investing.</description>
	<lastBuildDate>Mon, 13 Feb 2012 16:47:56 +0000</lastBuildDate>
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	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
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			<item>
		<title>What Were They Thinking? From MF Global to Raj &amp; Bernie to LTCM&#8230;</title>
		<link>http://allaboutalpha.com/blog/2012/02/07/what-were-they-thinking-from-mf-global-to-raj-bernie-to-ltcm/</link>
		<comments>http://allaboutalpha.com/blog/2012/02/07/what-were-they-thinking-from-mf-global-to-raj-bernie-to-ltcm/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 01:16:22 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Risk management]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[behavioral finance]]></category>
		<category><![CDATA[Bernie Madoff]]></category>
		<category><![CDATA[MF Global]]></category>
		<category><![CDATA[regret theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=24962</guid>
		<description><![CDATA[The right question is not what were they thinking, but what were they feeling? Get organized about detailing what feelings are being acted out and you’ve landed on the missing link in risk prediction.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2012/02/07/what-were-they-thinking-from-mf-global-to-raj-bernie-to-ltcm/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<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>The Truth About Hedge Fund Risk</title>
		<link>http://allaboutalpha.com/blog/2011/12/29/the-truth-about-hedge-fund-risk/</link>
		<comments>http://allaboutalpha.com/blog/2011/12/29/the-truth-about-hedge-fund-risk/#comments</comments>
		<pubDate>Fri, 30 Dec 2011 00:11:54 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Strategies]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Alpha]]></category>
		<category><![CDATA[fat tail]]></category>
		<category><![CDATA[fat tail risk]]></category>
		<category><![CDATA[GIPS]]></category>
		<category><![CDATA[Global Investment Performance Standards]]></category>
		<category><![CDATA[hedge fund risk]]></category>
		<category><![CDATA[omega ratio]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[risk-adjusted return]]></category>
		<category><![CDATA[volatility]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=24556</guid>
		<description><![CDATA[Guest columnist Charles Hage looks at hedge fund risk and discusses the long and the short of it.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/12/29/the-truth-about-hedge-fund-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Hedge Fund Investors Want, Hedge Fund Investors Get</title>
		<link>http://allaboutalpha.com/blog/2011/11/06/what-hedge-fund-investors-want-hedge-fund-investors-get/</link>
		<comments>http://allaboutalpha.com/blog/2011/11/06/what-hedge-fund-investors-want-hedge-fund-investors-get/#comments</comments>
		<pubDate>Mon, 07 Nov 2011 00:00:05 +0000</pubDate>
		<dc:creator>kfox</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[CTA]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Strategies]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Timely Research]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[active management]]></category>
		<category><![CDATA[Alpha]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Global macro]]></category>
		<category><![CDATA[hedge funds]]></category>
		<category><![CDATA[institutional investors]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[long/short equity]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[transparency]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23935</guid>
		<description><![CDATA[In spite of sketchy performance from some top managers, institutional investors remain committed to hedge funds and a large number are shopping for new relationships in 2012.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/11/06/what-hedge-fund-investors-want-hedge-fund-investors-get/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha Hunter Busara Advisors: Seeking Diamonds in the Rough</title>
		<link>http://allaboutalpha.com/blog/2011/10/13/alpha-hunter-busara-advisors-seeking-diamonds-in-the-rough/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/13/alpha-hunter-busara-advisors-seeking-diamonds-in-the-rough/#comments</comments>
		<pubDate>Fri, 14 Oct 2011 00:00:25 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Hunters]]></category>
		<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Strategies]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[Advisors]]></category>
		<category><![CDATA[alternative assets]]></category>
		<category><![CDATA[barclays capital]]></category>
		<category><![CDATA[bottom quartile]]></category>
		<category><![CDATA[Busara]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[manager]]></category>
		<category><![CDATA[Morgan]]></category>
		<category><![CDATA[rbc capital markets]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23395</guid>
		<description><![CDATA[Alpha Hunters Andrew Timpson and Joseph Schlater of Busara Advisors talk about what it takes to get an emerging manager allocation.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/13/alpha-hunter-busara-advisors-seeking-diamonds-in-the-rough/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fine Print As Yet Unwritten, But the Gist is Clear for OTC Derivatives</title>
		<link>http://allaboutalpha.com/blog/2011/10/04/fine-print-as-yet-unwritten-but-the-gist-is-clear-for-otc-derivatives/</link>
		<comments>http://allaboutalpha.com/blog/2011/10/04/fine-print-as-yet-unwritten-but-the-gist-is-clear-for-otc-derivatives/#comments</comments>
		<pubDate>Wed, 05 Oct 2011 00:47:50 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Alpha Strategies]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[client]]></category>
		<category><![CDATA[derivative technology]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Fine]]></category>
		<category><![CDATA[investor dollars]]></category>
		<category><![CDATA[otc derivatives]]></category>
		<category><![CDATA[sitting on the fence]]></category>
		<category><![CDATA[speed]]></category>
		<category><![CDATA[technological infrastructure]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23311</guid>
		<description><![CDATA[Clearing within ten days after the transaction (T+10) was once the norm, though it now seems archaic. Clearing overnight or in a once-a-day cycle will in the years ahead become equally unsatisfactory. It may soon “become standard practice for risk managers and eventually traders to demand proof that their trades have been cleared mere seconds after execution.”]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/10/04/fine-print-as-yet-unwritten-but-the-gist-is-clear-for-otc-derivatives/feed/</wfw:commentRss>
		<slash:comments>2</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>Financial Technology: Neither a Luddite Nor a Sucker Be</title>
		<link>http://allaboutalpha.com/blog/2011/09/18/financial-technology-neither-a-luddite-nor-a-sucker-be/</link>
		<comments>http://allaboutalpha.com/blog/2011/09/18/financial-technology-neither-a-luddite-nor-a-sucker-be/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 00:34:54 +0000</pubDate>
		<dc:creator>cfaille</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23167</guid>
		<description><![CDATA[In the search for the optimal level of automation, there is a vice of defect, a vice of excess, and a virtuous golden mean.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/09/18/financial-technology-neither-a-luddite-nor-a-sucker-be/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will the Babble of Many Taxes Scupper Hopes for Merger Mania and Cost Cutting under UCITS 4?</title>
		<link>http://allaboutalpha.com/blog/2011/08/30/will-the-babble-of-many-taxes-scupper-hopes-for-merger-mania-and-cost-cutting-under-ucits-4/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/30/will-the-babble-of-many-taxes-scupper-hopes-for-merger-mania-and-cost-cutting-under-ucits-4/#comments</comments>
		<pubDate>Wed, 31 Aug 2011 00:35:22 +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[Hedge Fund Regulation]]></category>
		<category><![CDATA[Investment Management Fees]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22852</guid>
		<description><![CDATA[There are high hopes that the new UCITS framework that took effect in July could herald rationalisation amongst Europe’s regulated hedge funds. While tax factors could slow down the process, UCITS has plenty of other growth drivers besides cost savings.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/30/will-the-babble-of-many-taxes-scupper-hopes-for-merger-mania-and-cost-cutting-under-ucits-4/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Activist Hedge Funds: War for the Hearts &amp; Minds of Accountants</title>
		<link>http://allaboutalpha.com/blog/2011/08/25/activist-hedge-funds-war-for-the-hearts-minds-of-accountants/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/25/activist-hedge-funds-war-for-the-hearts-minds-of-accountants/#comments</comments>
		<pubDate>Fri, 26 Aug 2011 00:32:17 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22813</guid>
		<description><![CDATA[Corporate CEOs aren't the only ones who dread the appearance of activist hedge fund managers on their radar screens. Activists are giving the accounting departments pause as well, according to a new paper by Hall and Trombley.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/25/activist-hedge-funds-war-for-the-hearts-minds-of-accountants/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A &#8216;little dab&#8217; might not do ya</title>
		<link>http://allaboutalpha.com/blog/2011/08/18/a-little-dab-might-not-do-ya/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/18/a-little-dab-might-not-do-ya/#comments</comments>
		<pubDate>Fri, 19 Aug 2011 00:54:32 +0000</pubDate>
		<dc:creator>cgoldman</dc:creator>
				<category><![CDATA[Alpha Hunters]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22704</guid>
		<description><![CDATA[The adage that everything in moderation is a good thing doesn't necessarily apply to funds of hedge funds, according to a recent academic report.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/18/a-little-dab-might-not-do-ya/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Controlling Costs without Leaking Trading Secrets</title>
		<link>http://allaboutalpha.com/blog/2011/08/17/controlling-costs-without-leaking-trading-secrets/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/17/controlling-costs-without-leaking-trading-secrets/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 00:56:22 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22699</guid>
		<description><![CDATA[By Christopher Faille
Hedge funds are accustomed to outsourcing a variety of daily activities, from front to back office. Many do get nervous, though, about how far their outsourcing should go. Their skittishness increases as such proposals encroach upon the way they generate alpha, the matters that must be kept secret: idea generation, supportive research, a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/17/controlling-costs-without-leaking-trading-secrets/feed/</wfw:commentRss>
		<slash:comments>2</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>Alpha Hunter Krishna Menani: The Opportunities and Risks in Bond Markets</title>
		<link>http://allaboutalpha.com/blog/2011/08/11/alpha-hunter-krishna-menani-the-opportunities-and-risks-in-bond-markets/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/11/alpha-hunter-krishna-menani-the-opportunities-and-risks-in-bond-markets/#comments</comments>
		<pubDate>Fri, 12 Aug 2011 00:16:17 +0000</pubDate>
		<dc:creator>vshah</dc:creator>
				<category><![CDATA[Alpha Hunters]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Retail Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22651</guid>
		<description><![CDATA[In any economic system, the fixed-income market plays an essential role as one of the principal ways of financing enterprise (be it corporate or sovereign).  Research shows that at the end of 2010, the global bond market had amounts outstanding of over US$95 trillion (to put that in context, the World Bank reported the total [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/11/alpha-hunter-krishna-menani-the-opportunities-and-risks-in-bond-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When all #%@)*$ breaks loose, blame hedge funds</title>
		<link>http://allaboutalpha.com/blog/2011/08/10/when-all-breaks-loose-blame-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2011/08/10/when-all-breaks-loose-blame-hedge-funds/#comments</comments>
		<pubDate>Thu, 11 Aug 2011 00:00:46 +0000</pubDate>
		<dc:creator>cgoldman</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22643</guid>
		<description><![CDATA[Hedge funds are already being laid to blame for the latest market rout, whether true or rhetoric. And the worst is likely yet to come. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/08/10/when-all-breaks-loose-blame-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>2</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>A Hedge Fund Risk Profile Changes As the Moon Waxes and Wanes</title>
		<link>http://allaboutalpha.com/blog/2011/07/25/a-hedge-fundrisk-profile-changes-as-the-moon-waxes-and-wanes/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/25/a-hedge-fundrisk-profile-changes-as-the-moon-waxes-and-wanes/#comments</comments>
		<pubDate>Tue, 26 Jul 2011 00:00:24 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22387</guid>
		<description><![CDATA[Two economists cogently contend that looking at developments in hedge funds' monthly risk profile will be most revealing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/25/a-hedge-fundrisk-profile-changes-as-the-moon-waxes-and-wanes/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Letting the tail wag the dog: Transforming extreme risk into normal risk</title>
		<link>http://allaboutalpha.com/blog/2011/07/20/letting-the-tail-wag-the-dog-transforming-extreme-risk-into-normal-risk/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/20/letting-the-tail-wag-the-dog-transforming-extreme-risk-into-normal-risk/#comments</comments>
		<pubDate>Thu, 21 Jul 2011 00:42:12 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22329</guid>
		<description><![CDATA[A recent comic strip featured a somewhat ambitionless twentysomething relating that she had seen her cat lick its own back and her dog catch its tail, fulfilling their lifelong goals all  before she had even formulated ones of her own. Asset managers prefer not to see the market catch its tail – it means deep drawdowns for their portfolios. A recent research paper, however, suggests that it's better to try to catch the tail – and shorten it – than to hope it won't happen.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/20/letting-the-tail-wag-the-dog-transforming-extreme-risk-into-normal-risk/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Post AXA Rosenberg/SEC Enforcement Action Model Risk Benchmarking Survey</title>
		<link>http://allaboutalpha.com/blog/2011/07/20/post-axa-rosenbergsec-enforcement-action-model-risk-benchmarking-survey/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/20/post-axa-rosenbergsec-enforcement-action-model-risk-benchmarking-survey/#comments</comments>
		<pubDate>Wed, 20 Jul 2011 13:57:38 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22353</guid>
		<description><![CDATA[By: Capital Market Risk Advisors
Published: April 2011
Abstract: In the wake of the AXA Rosenberg/SEC Model Risk settlement, Capital Market Risk Advisors (CMRA), a pre-eminent risk advisory boutique celebrating its 20th Anniversary and the International Association of Financial Engineers (IAFE), a not-for-profit, professional society dedicated to fostering the profession of quantitative finance, conducted a benchmarking survey of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/20/post-axa-rosenbergsec-enforcement-action-model-risk-benchmarking-survey/feed/</wfw:commentRss>
		<slash:comments>0</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>Hedge funds and prime brokers: the party&#8217;s not over, but the venue changed</title>
		<link>http://allaboutalpha.com/blog/2011/07/17/hedge-funds-and-prime-brokers-the-partys-not-over-but-the-venue-changed/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/17/hedge-funds-and-prime-brokers-the-partys-not-over-but-the-venue-changed/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 00:00:11 +0000</pubDate>
		<dc:creator>cgoldman</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22214</guid>
		<description><![CDATA[It's a new paradigm for prime brokers still looking to develop and expand on their hedge fund relationships. The types of offerings - and the infrastructure hedge funds demand - are a whole new ballgame.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/17/hedge-funds-and-prime-brokers-the-partys-not-over-but-the-venue-changed/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>How well does your hedge fund hedge?</title>
		<link>http://allaboutalpha.com/blog/2011/07/05/how-well-does-your-hedge-fund-hedge/</link>
		<comments>http://allaboutalpha.com/blog/2011/07/05/how-well-does-your-hedge-fund-hedge/#comments</comments>
		<pubDate>Wed, 06 Jul 2011 00:45:18 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22075</guid>
		<description><![CDATA[A perfectly "hedged" fund is one which has no downside risk. Its payoff relative to the market or some other benchmark is the same as that of the fund plus a put option that provides protection against the downside.  In the real world...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/07/05/how-well-does-your-hedge-fund-hedge/feed/</wfw:commentRss>
		<slash:comments>4</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 Glasnost Coming to Risk Aggregation-Linux Style-to Hitch Up Hedge Fund Skirts?</title>
		<link>http://allaboutalpha.com/blog/2011/06/28/is-glasnost-coming-to-risk-aggregation-linux-style-to-hitch-up-hedge-fund-skirts/</link>
		<comments>http://allaboutalpha.com/blog/2011/06/28/is-glasnost-coming-to-risk-aggregation-linux-style-to-hitch-up-hedge-fund-skirts/#comments</comments>
		<pubDate>Wed, 29 Jun 2011 00:12:11 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Timely Research]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21912</guid>
		<description><![CDATA[Risk Aggregation has been expensive, and prohibitively so for some, whether it’s in-house or out-sourced. That may be about to change, but just as Skype phone calls are not always the best quality, so too some investors will still want to go further than the free solution.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/06/28/is-glasnost-coming-to-risk-aggregation-linux-style-to-hitch-up-hedge-fund-skirts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Risks and Opportunities of Unforeseen &#8216;Black swan&#8217; Market Events</title>
		<link>http://allaboutalpha.com/blog/2011/06/27/the-risks-and-opportunities-of-unforeseen-black-swan-market-events/</link>
		<comments>http://allaboutalpha.com/blog/2011/06/27/the-risks-and-opportunities-of-unforeseen-black-swan-market-events/#comments</comments>
		<pubDate>Tue, 28 Jun 2011 00:06:53 +0000</pubDate>
		<dc:creator>vshah</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=22007</guid>
		<description><![CDATA[Vikas Shah discusses the "left tail" with Mark Spitznagel, founder and CIO of Universa Investments.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/06/27/the-risks-and-opportunities-of-unforeseen-black-swan-market-events/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>At least 7 black swans a swimmin&#8217; in the asset pool</title>
		<link>http://allaboutalpha.com/blog/2011/06/21/at-least-7-black-swans-a-swimmin-in-the-asset-pool/</link>
		<comments>http://allaboutalpha.com/blog/2011/06/21/at-least-7-black-swans-a-swimmin-in-the-asset-pool/#comments</comments>
		<pubDate>Wed, 22 Jun 2011 00:27:24 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Algorithmic and high-frequency trading]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21907</guid>
		<description><![CDATA[In the alpha world, skill often depends on the support of other factors. Some call them pedigree, process and performance, and rank them in that order. There's only one problem: despite the best pedigree, and the best process, performance can suffer tremendously when something unpredictable occurs – a black swan or tail risk.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/06/21/at-least-7-black-swans-a-swimmin-in-the-asset-pool/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Grab those nickels! That bulldozer is running</title>
		<link>http://allaboutalpha.com/blog/2011/05/24/grab-those-nickels-that-bulldozer-is-running/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/24/grab-those-nickels-that-bulldozer-is-running/#comments</comments>
		<pubDate>Wed, 25 May 2011 00:10:35 +0000</pubDate>
		<dc:creator>kfox</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21419</guid>
		<description><![CDATA[Optimism not seen since pre-2008/09 markets leads managers to invest in their firms as well as the markets.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/24/grab-those-nickels-that-bulldozer-is-running/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Don&#8217;t drive your Ferrari &#8211; or your hedge fund &#8211; without insurance</title>
		<link>http://allaboutalpha.com/blog/2011/05/18/dont-drive-your-ferrari-or-your-hedge-fund-without-insurance/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/18/dont-drive-your-ferrari-or-your-hedge-fund-without-insurance/#comments</comments>
		<pubDate>Thu, 19 May 2011 00:00:50 +0000</pubDate>
		<dc:creator>cgoldman</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=21224</guid>
		<description><![CDATA[If you drive a hedge fund, best to have some kind of insurance, though what it will cost you will depend more on the kind of car you drive than on your driving record. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/18/dont-drive-your-ferrari-or-your-hedge-fund-without-insurance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can networking actually be a bad thing for hedge funds?</title>
		<link>http://allaboutalpha.com/blog/2011/05/02/can-networking-actually-be-a-bad-thing-for-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2011/05/02/can-networking-actually-be-a-bad-thing-for-hedge-funds/#comments</comments>
		<pubDate>Tue, 03 May 2011 01:00:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20844</guid>
		<description><![CDATA[A recent study suggests to at least one mass media outlet that hedge funds should mind their own business and not by nosy about other hedge funds' trades.  But a closer reading of the study suggests to us that it's extremely difficult to measure the vast array of social interactions in Hedgistan.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/05/02/can-networking-actually-be-a-bad-thing-for-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Do funds of funds set themselves up for a &#8220;liquidity mismatch&#8221;?</title>
		<link>http://allaboutalpha.com/blog/2011/04/06/do-funds-of-funds-set-themselves-up-for-a-liquidity-mismatch/</link>
		<comments>http://allaboutalpha.com/blog/2011/04/06/do-funds-of-funds-set-themselves-up-for-a-liquidity-mismatch/#comments</comments>
		<pubDate>Thu, 07 Apr 2011 01:00:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20334</guid>
		<description><![CDATA[Many commentators point to the mismatch between the liquidity terms of funds of funds and those of their underlying managers as a reason for the challenges faced by many funds of funds.  But do the numbers support this conclusion? ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/04/06/do-funds-of-funds-set-themselves-up-for-a-liquidity-mismatch/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge funds and systemic risk: Whether avoiding it or preventing it, it&#8217;s all about the footprint</title>
		<link>http://allaboutalpha.com/blog/2011/03/09/hedge-funds-and-systemic-risk-whether-avoiding-it-or-preventing-it-its-all-about-the-footprint/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/09/hedge-funds-and-systemic-risk-whether-avoiding-it-or-preventing-it-its-all-about-the-footprint/#comments</comments>
		<pubDate>Thu, 10 Mar 2011 01:00:05 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19870</guid>
		<description><![CDATA[Two and a half years have past since the global credit meltdown and there's still concern about the suspected systemic risk of hedge funds. The investigation's going in the right direction, but the real clues are in the footprints, according to the U.K. Financial Services Authority's latest report.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/09/hedge-funds-and-systemic-risk-whether-avoiding-it-or-preventing-it-its-all-about-the-footprint/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Business of Running a Hedge Fund</title>
		<link>http://allaboutalpha.com/blog/2011/03/09/the-business-of-running-a-hedge-fund/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/09/the-business-of-running-a-hedge-fund/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 13:56:26 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19940</guid>
		<description><![CDATA[By:  Merlin 
Published: February 2011
Abstract: 2010 was a transformative year for the hedge fund industry and served as a strong reminder that managing money is not the same as running a business. The significant number of small, mid-size and large fund closures already in 2011 provides continuing evidence of the material, multifaceted challenges facing [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/09/the-business-of-running-a-hedge-fund/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>Do Hedge Funds Manipulate Stock Prices?</title>
		<link>http://allaboutalpha.com/blog/2011/03/03/do-hedge-funds-manipulate-stock-prices/</link>
		<comments>http://allaboutalpha.com/blog/2011/03/03/do-hedge-funds-manipulate-stock-prices/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 13:51:28 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=19718</guid>
		<description><![CDATA[By: Itzhak Ben-David, Francesco A. Franzoni, Augustin Landier, Rabih Moussawi 
Published: February 2011
Abstract: We find evidence of significant price manipulation at the stock level by hedge funds on critical reporting dates. Stocks in the top quartile by hedge fund holdings exhibit abnormal returns of 30 basis points in the last day of the month and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/03/03/do-hedge-funds-manipulate-stock-prices/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is the proof in the pudding?  Detecting fraud and operational risks through hedge fund performance and reporting</title>
		<link>http://allaboutalpha.com/blog/2011/01/10/is-the-proof-in-the-pudding-detecting-fraud-and-operational-risks-through-hedge-hund-performance-and-reporting/</link>
		<comments>http://allaboutalpha.com/blog/2011/01/10/is-the-proof-in-the-pudding-detecting-fraud-and-operational-risks-through-hedge-hund-performance-and-reporting/#comments</comments>
		<pubDate>Tue, 11 Jan 2011 01:00:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=18205</guid>
		<description><![CDATA[If only you could just ask a hedge fund manager if he was cooking the books...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2011/01/10/is-the-proof-in-the-pudding-detecting-fraud-and-operational-risks-through-hedge-hund-performance-and-reporting/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Snow tires shown to save lives in Hedgistan&#8217;s brutal winter</title>
		<link>http://allaboutalpha.com/blog/2010/12/21/snow-tires-shown-to-save-lives-in-hedgistans-brutal-winter/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/21/snow-tires-shown-to-save-lives-in-hedgistans-brutal-winter/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 01:00:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17934</guid>
		<description><![CDATA[Like having snow tires, hedge fund risk modeling can better predict how a vehicle will perform in terrible weather. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/21/snow-tires-shown-to-save-lives-in-hedgistans-brutal-winter/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Future of the Global Fund Management Industry Survey 2010</title>
		<link>http://allaboutalpha.com/blog/2010/12/14/the-future-of-the-global-fund-management-industry-survey-2010/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/14/the-future-of-the-global-fund-management-industry-survey-2010/#comments</comments>
		<pubDate>Tue, 14 Dec 2010 15:20:39 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17869</guid>
		<description><![CDATA[By: Nils Bolmstrand 
Published: December 2010
Abstract: This 2010 Report examines some of the key drivers in the commercial, distribution and regulatory environments and the changing investment preferences of retail and institutional clients that will have an impact on the future shape of the global fund management industry.
Related Post: What do we want? Transparency! When do [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/14/the-future-of-the-global-fund-management-industry-survey-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ok, Mr. Hedge Fund Manager, please put on the robe</title>
		<link>http://allaboutalpha.com/blog/2010/12/09/ok-mr-hedge-fund-manager-please-put-on-the-robe/</link>
		<comments>http://allaboutalpha.com/blog/2010/12/09/ok-mr-hedge-fund-manager-please-put-on-the-robe/#comments</comments>
		<pubDate>Fri, 10 Dec 2010 01:00:11 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17743</guid>
		<description><![CDATA[To thrive in a newly open and transparent world, hedge fund managers need to lose their inhibitions in front of investors, who are demanding more transparency and accountability than ever, according to a recent report.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/12/09/ok-mr-hedge-fund-manager-please-put-on-the-robe/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Middle Ground on Insider Trading</title>
		<link>http://allaboutalpha.com/blog/2010/11/29/a-middle-ground-on-insider-trading/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/29/a-middle-ground-on-insider-trading/#comments</comments>
		<pubDate>Mon, 29 Nov 2010 14:48:37 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17665</guid>
		<description><![CDATA[By: Thomas A. Lambert 
Published: January 2010
Abstract: Allowing price-decreasing insider trading could signal when equities are overvalued. This article draws on the author’s paper “Overvalued Equity and the Case for an Asymmetric Insider Trading Regime,”Wake Forest Law Review, Vol. 41 (2006).
Related Post: Insider Traders: Rogues or Whistleblowers?
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/29/a-middle-ground-on-insider-trading/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can emerging hedge fund elephants stay nimble and responsive?</title>
		<link>http://allaboutalpha.com/blog/2010/11/18/can-emerging-hedge-fund-elephants-stay-nimble-and-responsive/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/18/can-emerging-hedge-fund-elephants-stay-nimble-and-responsive/#comments</comments>
		<pubDate>Fri, 19 Nov 2010 01:00:03 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17301</guid>
		<description><![CDATA[For mid-sized hedge fund managers to attract and keep institutional money, they need to have the infrastructure to handle it. Problem is, in many cases, they need the allocation first before they can - or want to - increase their infrastructure.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/18/can-emerging-hedge-fund-elephants-stay-nimble-and-responsive/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Twelve &#8220;less angry, more transparent and more objective&#8221; men&#8230;</title>
		<link>http://allaboutalpha.com/blog/2010/11/08/twelve-less-angry-more-transparent-and-more-objective-men/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/08/twelve-less-angry-more-transparent-and-more-objective-men/#comments</comments>
		<pubDate>Tue, 09 Nov 2010 00:00:09 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=17024</guid>
		<description><![CDATA[The banality of jury selection and the process of manager selection for funds of hedge funds share many of the same characteristics, even more so in the post-crash environment where both managers and investors expect - and are expected - to hear all sides of the story before laying down the law, or allocation.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/08/twelve-less-angry-more-transparent-and-more-objective-men/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>An Examination of the Impact of Fund Size and Age on Hedge Fund Performance</title>
		<link>http://allaboutalpha.com/blog/2010/11/02/an-examination-of-the-impact-of-fund-size-and-age-on-hedge-fund-performance/</link>
		<comments>http://allaboutalpha.com/blog/2010/11/02/an-examination-of-the-impact-of-fund-size-and-age-on-hedge-fund-performance/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 13:57:56 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16959</guid>
		<description><![CDATA[By: PerTracFinancial Solutions 
Published: September 2010
Abstract: This paper updates research originally published in the February 2007 issue of the investment journal Derivatives Use, Trading &#038; Regulation1 and the Spring 2009 Journal of Investing. The original papers and this update seek to discover whether smaller, younger hedge funds offer stronger performance than larger, more tenured hedge [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/11/02/an-examination-of-the-impact-of-fund-size-and-age-on-hedge-fund-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Can Fund Managers Select Outperforming REITS? Examining Fund Holdings and Trades</title>
		<link>http://allaboutalpha.com/blog/2010/09/20/can-fund-managers-select-outperforming-reits-examining-fund-holdings-and-trades/</link>
		<comments>http://allaboutalpha.com/blog/2010/09/20/can-fund-managers-select-outperforming-reits-examining-fund-holdings-and-trades/#comments</comments>
		<pubDate>Mon, 20 Sep 2010 13:42:41 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=16074</guid>
		<description><![CDATA[By: Gjergji Cici, John B. Corgel, Scott Gibson 
Published: September 2010
Abstract: Despite six empirical studies published since 2000 designed to assess fund managers’ REIT selection ability, their skill remains in question. Unlike previous studies, we examine fund holdings and trades of REITs to answer this question. This allows us to account for portfolio rebalancing that alters [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/09/20/can-fund-managers-select-outperforming-reits-examining-fund-holdings-and-trades/feed/</wfw:commentRss>
		<slash:comments>0</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>Hedge Fund Leverage</title>
		<link>http://allaboutalpha.com/blog/2010/08/17/hedge-fund-leverage/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/17/hedge-fund-leverage/#comments</comments>
		<pubDate>Tue, 17 Aug 2010 13:33:02 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15337</guid>
		<description><![CDATA[By: Andrew Ang, Sergiy Gorovyy, Greg Van Inwegen 
Published: July 2010
Abstract: We investigate the leverage of hedge funds using both time-series and cross-sectional analysis. Hedge fund leverage is counter-cyclical to the leverage of listed financial intermediaries and decreases prior to the start of the financial crisis in mid-2007. Hedge fund leverage is lowest in early [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/17/hedge-fund-leverage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The &#8220;first formal analysis of hedge fund leverage&#8221; finds it to be &#8220;counter-cyclical&#8221; to that of banks</title>
		<link>http://allaboutalpha.com/blog/2010/08/16/the-first-formal-analysis-of-hedge-fund-leverage-finds-it-to-be-counter-cyclical-to-that-of-banks/</link>
		<comments>http://allaboutalpha.com/blog/2010/08/16/the-first-formal-analysis-of-hedge-fund-leverage-finds-it-to-be-counter-cyclical-to-that-of-banks/#comments</comments>
		<pubDate>Tue, 17 Aug 2010 00:00:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=15115</guid>
		<description><![CDATA[A new study uses a major fund of fund's private stash of data to examine hedge fund leverage.  Regulators take note...  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/08/16/the-first-formal-analysis-of-hedge-fund-leverage-finds-it-to-be-counter-cyclical-to-that-of-banks/feed/</wfw:commentRss>
		<slash:comments>0</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>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>Prime Custody: One way for hedge funds to protect against &#8220;being Lehmaned&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/07/12/prime-custody-one-way-for-hedge-funds-to-protect-against-being-lehmaned/</link>
		<comments>http://allaboutalpha.com/blog/2010/07/12/prime-custody-one-way-for-hedge-funds-to-protect-against-being-lehmaned/#comments</comments>
		<pubDate>Tue, 13 Jul 2010 00:00:32 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14415</guid>
		<description><![CDATA[The effect of the Lehman bankruptcy still reverberates around the prime brokerage industry in the form of business model innovation.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/07/12/prime-custody-one-way-for-hedge-funds-to-protect-against-being-lehmaned/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Morningstar Operational Risk Flags: Due Diligence Goes Online</title>
		<link>http://allaboutalpha.com/blog/2010/07/07/morningstar-operational-risk-flags-due-diligence-goes-online/</link>
		<comments>http://allaboutalpha.com/blog/2010/07/07/morningstar-operational-risk-flags-due-diligence-goes-online/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 00:00:08 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14315</guid>
		<description><![CDATA[Traditionally, hedge fund databases have focused on performance-related metrics, relegating qualitative factors to the back-burner. However, Morningstar has recently created a metric that captures both quantitative and qualitative information. Morningstar's Steve Deutsch takes it for a test drive. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/07/07/morningstar-operational-risk-flags-due-diligence-goes-online/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>White paper calculates the value of liquidity from a fund manager&#8217;s perspective</title>
		<link>http://allaboutalpha.com/blog/2010/07/05/white-paper-calculates-the-value-of-liquidity-from-a-fund-managers-perspective/</link>
		<comments>http://allaboutalpha.com/blog/2010/07/05/white-paper-calculates-the-value-of-liquidity-from-a-fund-managers-perspective/#comments</comments>
		<pubDate>Tue, 06 Jul 2010 00:00:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14145</guid>
		<description><![CDATA[A new white paper proposes assigning a haircut to fund NAVs before a liquidity-demanding event occurs - rather than after.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/07/05/white-paper-calculates-the-value-of-liquidity-from-a-fund-managers-perspective/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>On the highway of leverage, hedge funds and investors are getting a bit more comfortable</title>
		<link>http://allaboutalpha.com/blog/2010/06/28/on-the-highway-of-leverage-hedge-funds-and-investors-are-getting-a-bit-more-comfortable/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/28/on-the-highway-of-leverage-hedge-funds-and-investors-are-getting-a-bit-more-comfortable/#comments</comments>
		<pubDate>Tue, 29 Jun 2010 00:00:50 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=14147</guid>
		<description><![CDATA[Demand for, and supply of, leverage certainly isn't what it used to be, but a new study suggests both investors and hedge fund managers are re-gaining confidence with it.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/28/on-the-highway-of-leverage-hedge-funds-and-investors-are-getting-a-bit-more-comfortable/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When it comes to hedge funds and the press, don&#8217;t believe everything you read</title>
		<link>http://allaboutalpha.com/blog/2010/06/14/when-it-comes-to-hedge-funds-and-the-press-dont-believe-everything-you-read/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/14/when-it-comes-to-hedge-funds-and-the-press-dont-believe-everything-you-read/#comments</comments>
		<pubDate>Tue, 15 Jun 2010 00:00:15 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13944</guid>
		<description><![CDATA[The press had a field day coming up with shocking headlines about a recent research report published by the European School of Management &#038; Technology. Too bad the headlines weren't exactly accurate.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/14/when-it-comes-to-hedge-funds-and-the-press-dont-believe-everything-you-read/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Don&#8217;t press that button! You&#8217;ll turn on all the lights!</title>
		<link>http://allaboutalpha.com/blog/2010/06/02/dont-press-that-button-youll-turn-on-all-the-lights/</link>
		<comments>http://allaboutalpha.com/blog/2010/06/02/dont-press-that-button-youll-turn-on-all-the-lights/#comments</comments>
		<pubDate>Thu, 03 Jun 2010 00:00:15 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13705</guid>
		<description><![CDATA["Flash crash" aside, a recent report on alternative trading systems in Europe, particularly dark pools, lends credence to the benefits that electronic trading and opacity can bring to trading and financial markets.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/06/02/dont-press-that-button-youll-turn-on-all-the-lights/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tail-Risk Management: What investors can learn from hedge funds</title>
		<link>http://allaboutalpha.com/blog/2010/05/25/tail-risk-management-when-the-investor-starts-acting-like-a-hedge-fund/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/25/tail-risk-management-when-the-investor-starts-acting-like-a-hedge-fund/#comments</comments>
		<pubDate>Wed, 26 May 2010 00:00:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13580</guid>
		<description><![CDATA[A new white paper provides a good introduction to this increasingly important topic for pensions, endowments and sovereign wealth funds. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/25/tail-risk-management-when-the-investor-starts-acting-like-a-hedge-fund/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Do Hedge Fund Managers Have Stock Picking Skills?</title>
		<link>http://allaboutalpha.com/blog/2010/05/25/do-hedge-fund-managers-have-stock-picking-skills/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/25/do-hedge-fund-managers-have-stock-picking-skills/#comments</comments>
		<pubDate>Tue, 25 May 2010 13:26:05 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13538</guid>
		<description><![CDATA[By: Wesley R. Gray and Andrew E. Kern
Published: November 2009
Abstract: Many academics and proponents of passive money management believe the active management industry provides no value-added, because fund managers lack stock-picking skills. This constituency believes markets are efficient; funds that outperform are considered lucky, funds that underperform are considered unlucky. End of story.
Unlike previous research, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/25/do-hedge-fund-managers-have-stock-picking-skills/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A risk management wake-up call for institutional investors</title>
		<link>http://allaboutalpha.com/blog/2010/05/18/a-risk-management-wake-up-call-for-institutional-investors/</link>
		<comments>http://allaboutalpha.com/blog/2010/05/18/a-risk-management-wake-up-call-for-institutional-investors/#comments</comments>
		<pubDate>Wed, 19 May 2010 00:00:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13231</guid>
		<description><![CDATA[A recent report from McKinsey &#038; Co. is critical of the risk management processes used by many institutional investors.  The firm's response amounts to a call-to-arms for risk management professionals.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/05/18/a-risk-management-wake-up-call-for-institutional-investors/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Laurels and darts for Markopolos&#8217;s new book &#8220;No One Would Listen&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/04/14/laurels-and-darts-for-markopoloss-new-book-no-one-would-listen/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/14/laurels-and-darts-for-markopoloss-new-book-no-one-would-listen/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 00:00:07 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12599</guid>
		<description><![CDATA[Harry Markopolos, the now-famous Madoff whistleblower, has put in words his story of how (and why exactly) no one listened to his repeated calls that Bernard Madoff was a giant fraud. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/14/laurels-and-darts-for-markopoloss-new-book-no-one-would-listen/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>After black swans and red ink: How institutional investors can rethink risk management</title>
		<link>http://allaboutalpha.com/blog/2010/04/01/after-black-swans-and-red-ink-how-institutional-investors-can-rethink-risk-management/</link>
		<comments>http://allaboutalpha.com/blog/2010/04/01/after-black-swans-and-red-ink-how-institutional-investors-can-rethink-risk-management/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 14:44:35 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=13211</guid>
		<description><![CDATA[By: Leo Grepin, McKinsey &#38; Co.
Published: April 2010
Abstract: Institutional investors have been hit particularly hard by the 2008-2009 crisis. Their cumulative losses total hundreds of billions; many lost more than 25 percent of their assets under management. Despite more favorable market conditions in the second half of 2009, most institutions have only recovered less than [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/04/01/after-black-swans-and-red-ink-how-institutional-investors-can-rethink-risk-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Credit Suisse Announces the Launch of Three New Liquid Alternative Beta (LAB)</title>
		<link>http://allaboutalpha.com/blog/2010/03/22/credit-suisse-announces-the-launch-of-three-new-liquid-alternative-beta-lab/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/22/credit-suisse-announces-the-launch-of-three-new-liquid-alternative-beta-lab/#comments</comments>
		<pubDate>Mon, 22 Mar 2010 14:05:17 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10900</guid>
		<description><![CDATA[By: Credit Suisse
Published: March 22, 2010
Details: Credit Suisse announced today that it has launched three new indices on their Liquid Alternative Beta (“LAB”) platform in its Asset Management business. The indices are designed to replicate the performance of major hedge fund strategies as well as the overall hedge fund universe.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/22/credit-suisse-announces-the-launch-of-three-new-liquid-alternative-beta-lab/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Report finds hidden reservoir of lendable securities</title>
		<link>http://allaboutalpha.com/blog/2010/03/21/report-finds-hidden-reservoir-of-lendable-securities/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/21/report-finds-hidden-reservoir-of-lendable-securities/#comments</comments>
		<pubDate>Mon, 22 Mar 2010 00:00:29 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10691</guid>
		<description><![CDATA[Securities lending is alive and well, but it's not just about institutional assets anymore. A new report by Finadium points to the yet-untapped potential riches of fully paid retail brokerage assets.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/21/report-finds-hidden-reservoir-of-lendable-securities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Clean up your room, hedge fund manager, or no dessert for you</title>
		<link>http://allaboutalpha.com/blog/2010/03/04/clean-up-your-room-hedge-fund-manager-or-no-dessert-for-you/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/04/clean-up-your-room-hedge-fund-manager-or-no-dessert-for-you/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 02:00:47 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10301</guid>
		<description><![CDATA[A new survey notes that managers are beefing up their operations as a way to mitigate counterparty risk and put potential investors at ease. Figuring out what the right standards and procedures should be is easier said than done.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/04/clean-up-your-room-hedge-fund-manager-or-no-dessert-for-you/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Future of Financial Risk Management</title>
		<link>http://allaboutalpha.com/blog/2010/03/01/the-future-of-financial-risk-management/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/01/the-future-of-financial-risk-management/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 13:59:54 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12632</guid>
		<description><![CDATA[By: Charles S. Tapiero, NYU
Published: March 1, 2010
Abstract: The financial crisis of 2008 has revealed what we all know: That liquidity matters very much; That the future may be unpredictable; That non-transparency, complexity and ambiguity have conjured with greed to induce “Management’s Risks” as being able to derail financial sustainability and That financial models are [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/01/the-future-of-financial-risk-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Effects of Derivatives on Firm Risk and Value</title>
		<link>http://allaboutalpha.com/blog/2010/02/11/the-effects-of-derivatives-on-firm-risk-and-value/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/11/the-effects-of-derivatives-on-firm-risk-and-value/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 18:05:36 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10284</guid>
		<description><![CDATA[By: Sohnke M. Bartram, Lancaster University
Published: February 11, 2010
Abstract: Using a large sample of non-financial firms from 47 countries, we examine the effect of derivative use on firm risk and value. We control for endogeneity by matching users and nonusers on the basis of their propensity to use derivatives. We also use a new technique [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/11/the-effects-of-derivatives-on-firm-risk-and-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portfolio Risk Management and Carbon Emissions Valuation in Electric Power</title>
		<link>http://allaboutalpha.com/blog/2010/02/01/portfolio-risk-management-and-carbon-emissions-valuation-in-electric-power/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/01/portfolio-risk-management-and-carbon-emissions-valuation-in-electric-power/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 18:12:14 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9713</guid>
		<description><![CDATA[By: Paul R. Kleindorfer, University of Pennsylvania
Published: February 01, 2010
Introduction: The energy business is in transition from a cost structure based on fuel and capital to a business that also accounts for the carbon footprint of energy production, transmission and end use. In the European Union (EU), this is already the case, with a liquid [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/01/portfolio-risk-management-and-carbon-emissions-valuation-in-electric-power/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Cold Snap: What&#8217;s a &#8220;frozen&#8221; hedge fund asset really worth?</title>
		<link>http://allaboutalpha.com/blog/2010/01/03/cold-snap-whats-a-frozen-hedge-fund-asset-really-worth/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/03/cold-snap-whats-a-frozen-hedge-fund-asset-really-worth/#comments</comments>
		<pubDate>Mon, 04 Jan 2010 01:06:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Media Coverage of Hedge Funds]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8565</guid>
		<description><![CDATA[The administrator in charge of distributing the frozen assets of Lehman Brothers Holdings Inc. announced last week that it had struck a deal to return some $11 billion to creditors. But how exactly are those assets being valued?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/03/cold-snap-whats-a-frozen-hedge-fund-asset-really-worth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies</title>
		<link>http://allaboutalpha.com/blog/2010/01/01/stronger-risk-controls-lower-risk-evidence-from-u-s-bank-holding-companies/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/01/stronger-risk-controls-lower-risk-evidence-from-u-s-bank-holding-companies/#comments</comments>
		<pubDate>Fri, 01 Jan 2010 18:00:58 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10281</guid>
		<description><![CDATA[By: Andrew Ellul, Indiana University
Published: January 1, 2010
Introduction: In this paper, we investigate whether U.S. bank holding companies (BHCs) with strong and independent risk management functions had lower aggregate risk and downside risk. We hand-collect information on the organization structure of the 75 largest publicly-listed BHCs, and use this information to construct a Risk Management [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/01/stronger-risk-controls-lower-risk-evidence-from-u-s-bank-holding-companies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A New Dawn for Hedge Fund Operations</title>
		<link>http://allaboutalpha.com/blog/2010/01/01/a-new-dawn-for-hedge-fund-operations/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/01/a-new-dawn-for-hedge-fund-operations/#comments</comments>
		<pubDate>Fri, 01 Jan 2010 14:53:05 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10427</guid>
		<description><![CDATA[By: Omego
Published: January, 2010
Abstract: In the wake of global market events, hedge fund managers have undertaken a comprehensive effort to enhance operations, minimize counterparty risk, and increase investor transparency. Greenwich Associates and Omgeo conducted a survey with leading hedge fund managers worldwide to discuss these changes and how they are impacting their ability to attract [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/01/a-new-dawn-for-hedge-fund-operations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Where’s the (counter)party?</title>
		<link>http://allaboutalpha.com/blog/2009/12/17/where%e2%80%99s-the-counterparty/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/17/where%e2%80%99s-the-counterparty/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 00:00:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8252</guid>
		<description><![CDATA[If there's one party all the cool investors are clamoring to get into, it's the counterparty, according to a research report released this week by TABB Group.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/17/where%e2%80%99s-the-counterparty/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Who isn&#8217;t more focused on operational risk management these days? Somebody.</title>
		<link>http://allaboutalpha.com/blog/2009/12/09/who-isnt-more-focused-on-operational-risk-management-these-days-somebody/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/09/who-isnt-more-focused-on-operational-risk-management-these-days-somebody/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 01:00:50 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8105</guid>
		<description><![CDATA[The vast majority believe there is, and should be, a new world order when it comes to operational due diligence. Yet not everyone believes new and improved methods can accomplish much more than before.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/09/who-isnt-more-focused-on-operational-risk-management-these-days-somebody/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Is the vaunted &#8220;illiquidity premium&#8221; partially an illusion?</title>
		<link>http://allaboutalpha.com/blog/2009/11/22/is-the-vaunted-illiquidity-premium-partially-an-illusion/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/22/is-the-vaunted-illiquidity-premium-partially-an-illusion/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 01:00:48 +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=7743</guid>
		<description><![CDATA[An academic study finds that a hedge fund's source for pricing data can tell you a lot about its propensity to "smooth" returns.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/22/is-the-vaunted-illiquidity-premium-partially-an-illusion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When skittish hedge fund investors and lenders become a problem for everyone</title>
		<link>http://allaboutalpha.com/blog/2009/11/19/when-skittish-hedge-fund-investors-and-lenders-become-a-problem-for-everyone/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/19/when-skittish-hedge-fund-investors-and-lenders-become-a-problem-for-everyone/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 01:07:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7678</guid>
		<description><![CDATA[A study by the European Central Bank explores what happens when hedge fund investors and prime brokers want their money back in a hurry.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/19/when-skittish-hedge-fund-investors-and-lenders-become-a-problem-for-everyone/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Impact of Hedge Fund Activism on the Target Firm’s Existing Bondholders</title>
		<link>http://allaboutalpha.com/blog/2009/11/17/the-impact-of-hedge-fund-activism-on-the-target-firm%e2%80%99s-existing-bondholders/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/17/the-impact-of-hedge-fund-activism-on-the-target-firm%e2%80%99s-existing-bondholders/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 20:07:47 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7810</guid>
		<description><![CDATA[By: April Klein &#38; Emanuel Zur
Published: November 17, 2009
Abstract: In contrast to previous studies documenting positive abnormal returns to target shareholders, we find that hedge fund activism significantly reduces existing bondholders’ wealth. Bondholders earn an average excess bond return of -3.9% around the initial 13D filing date, and an additional average excess bond return of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/17/the-impact-of-hedge-fund-activism-on-the-target-firm%e2%80%99s-existing-bondholders/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The NAV, the whole NAV and nothing but the NAV&#8230;</title>
		<link>http://allaboutalpha.com/blog/2009/11/15/the-nav-the-whole-nav-and-nothing-but-the-nav/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/15/the-nav-the-whole-nav-and-nothing-but-the-nav/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 01:00:26 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7544</guid>
		<description><![CDATA[Gone are the days where calculating NAV was a guesstimate and where an administrator's role was the rubber stamp it. Say hello to the new era of daily NAV calculations, third-party verifications and accountable administrators.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/15/the-nav-the-whole-nav-and-nothing-but-the-nav/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Do Hedge Fund Managers Identify and Share Profitable Ideas?</title>
		<link>http://allaboutalpha.com/blog/2009/11/10/do-hedge-fund-managers-identify-and-share-profitable-ideas/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/10/do-hedge-fund-managers-identify-and-share-profitable-ideas/#comments</comments>
		<pubDate>Tue, 10 Nov 2009 21:18:20 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7814</guid>
		<description><![CDATA[By: Wesley R. Gray
Published: November 10, 2009
Abstract: I study proprietary data from a confidential website where a select group of fundamentals-based hedge fund managers privately share investment ideas. The investors I analyze are not easily defined: They exploit traditional tangible asset valuation discrepancies such as buying high book-to-market stocks, but spend more time analyzing intrinsic [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/10/do-hedge-fund-managers-identify-and-share-profitable-ideas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gone in 45 days: Who said hedge funds were illiquid?</title>
		<link>http://allaboutalpha.com/blog/2009/11/01/gone-in-45-days-who-said-hedge-funds-were-illiquid/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/01/gone-in-45-days-who-said-hedge-funds-were-illiquid/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 03:59:45 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7069</guid>
		<description><![CDATA[For most businesses, completely taking down the sails and ceasing operations involves a lot more than a letter to investors and six-week's notice. Not for Galleon, apparently.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/01/gone-in-45-days-who-said-hedge-funds-were-illiquid/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Risk Spillover Among Hedge Funds: The Role of Redemptions and Fund Failures</title>
		<link>http://allaboutalpha.com/blog/2009/11/01/risk-spillover-among-hedge-funds-the-role-of-redemptions-and-fund-failures/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/01/risk-spillover-among-hedge-funds-the-role-of-redemptions-and-fund-failures/#comments</comments>
		<pubDate>Sun, 01 Nov 2009 13:55:50 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7728</guid>
		<description><![CDATA[By: Benjamin Klaus and Bronka Rzepkowski, European Central Bank, Eurosystem
Published: November 2009
Abstract: This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/01/risk-spillover-among-hedge-funds-the-role-of-redemptions-and-fund-failures/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Impact of Illiquidity and Higher Moments of Hedge Fund Returns on Their Risk-Adjusted Performance and Diversification Potential</title>
		<link>http://allaboutalpha.com/blog/2009/10/30/the-impact-of-illiquidity-and-higher-moments-of-hedge-fund-returns-on-their-risk-adjusted-performance-and-diversification-potential/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/30/the-impact-of-illiquidity-and-higher-moments-of-hedge-fund-returns-on-their-risk-adjusted-performance-and-diversification-potential/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 19:45:11 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7804</guid>
		<description><![CDATA[By: Laurent Cavenaile, Alain Coen, and Georges Hubner
Published: October 30, 2009
Abstract: This paper studies the joint impact of smoothing and fat tails on the risk-return properties of hedge fund strategies. First, we adjust risk and performance measures for illiquidity and the non-Gaussian distribution of hedge funds returns. We use two risk metrics: the Modified Value-at-Risk [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/30/the-impact-of-illiquidity-and-higher-moments-of-hedge-fund-returns-on-their-risk-adjusted-performance-and-diversification-potential/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Due Diligence Reports: A version of the &#8220;Sports Illustrated cover jinx&#8221;?</title>
		<link>http://allaboutalpha.com/blog/2009/10/19/due-diligence-reports-a-version-of-the-sport-illustrated-cover-jinx/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/19/due-diligence-reports-a-version-of-the-sport-illustrated-cover-jinx/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 00:00:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Research]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6796</guid>
		<description><![CDATA[A recent review of investor-commissioned due diligence reports reveals that the biggest risk indicator might actually be the existence of the reports themselves.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/19/due-diligence-reports-a-version-of-the-sport-illustrated-cover-jinx/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trust and Delegation</title>
		<link>http://allaboutalpha.com/blog/2009/10/16/trust-and-delegation/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/16/trust-and-delegation/#comments</comments>
		<pubDate>Fri, 16 Oct 2009 13:44:15 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6883</guid>
		<description><![CDATA[By: Stephen J. Brown, William N. Goetzmann, Bing Liang, Christopher Schwarz
Published: October 16, 2009
Abstract: Due to imperfect transparency and costly auditing, trust is an essential component of financial intermediation. In this paper we study a comprehensive sample of due diligence reports from a major hedge fund due diligence firm. A routine feature of due diligence [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/16/trust-and-delegation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Finally, PBs offering up some &#8220;C&#8221; again</title>
		<link>http://allaboutalpha.com/blog/2009/10/15/finally-pbs-offering-up-some-c-again/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/15/finally-pbs-offering-up-some-c-again/#comments</comments>
		<pubDate>Fri, 16 Oct 2009 00:00:56 +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[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6602</guid>
		<description><![CDATA[Prime brokers are starting to turn the credit taps on again, but is the "c" for credit, or consolidation?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/15/finally-pbs-offering-up-some-c-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Effects of Management and Provision Accounts on Hedge Fund Returns</title>
		<link>http://allaboutalpha.com/blog/2009/10/08/the-effects-of-management-and-provision-accounts-on-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/08/the-effects-of-management-and-provision-accounts-on-hedge-fund-returns/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 17:01:38 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6641</guid>
		<description><![CDATA[By: Serge Darolles (Lyxor AM and CREST) and Christian Gourierouxy (CREST, CEPREMAP and University of Toronto)
Published: October 8, 2009
Abstract: A characteristic of hedge funds is not only an active portfolio management, but also the allocation of portfolio performance between dierent accounts, which are the accounts for the external investors, an account for the management firm [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/08/the-effects-of-management-and-provision-accounts-on-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds: Pricing Controls and the Smoothing of Self-Reported Returns</title>
		<link>http://allaboutalpha.com/blog/2009/10/01/hedge-funds-pricing-controls-and-the-smoothing-of-self-reported-returns/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/01/hedge-funds-pricing-controls-and-the-smoothing-of-self-reported-returns/#comments</comments>
		<pubDate>Thu, 01 Oct 2009 13:44:59 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7768</guid>
		<description><![CDATA[By: Gavin Cassar and Joseph Gerakos
Published: October, 2009
Abstract: We investigate the extent to which hedge fund managers smooth self?reported returns. In contrast with prior research on the “anomalous” properties of hedge fund returns, we observe the mechanisms used to price the fund’s investment positions and report the fund’s performance to investors, thereby allowing us to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/01/hedge-funds-pricing-controls-and-the-smoothing-of-self-reported-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How to avoid Black Swan excrement</title>
		<link>http://allaboutalpha.com/blog/2009/09/30/how-to-avoid-black-swan-excrement/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/30/how-to-avoid-black-swan-excrement/#comments</comments>
		<pubDate>Thu, 01 Oct 2009 00:00:10 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6344</guid>
		<description><![CDATA[Everyone knows that risk management didn't work as well as hoped during the recent calamity. The question now is what might work the next time the Black Swan surfaces.  Professor William Shadwick has a few suggestions.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/30/how-to-avoid-black-swan-excrement/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>AIMA&#8217;s Guide to Sound Practices for Funds of Hedge Funds Managers</title>
		<link>http://allaboutalpha.com/blog/2009/09/01/aimas-guide-to-sound-practices-for-funds-of-hedge-funds-managers/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/01/aimas-guide-to-sound-practices-for-funds-of-hedge-funds-managers/#comments</comments>
		<pubDate>Tue, 01 Sep 2009 18:48:37 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4680</guid>
		<description><![CDATA[By: AIMA
Published: September 2009

Description: The Guide to Sound Practices for Funds of Hedge Funds Managers is an initiative that AIMA commenced work on last year.  Whilst AIMA has published several Guides to Sound Practices this is the first for Funds of Hedge Funds Managers and is aimed at, primarily, investors, managers, advisors and other stakeholders.  [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/01/aimas-guide-to-sound-practices-for-funds-of-hedge-funds-managers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund operational failures found to be &#8220;material, but not pervasive&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/08/19/hedge-fund-operational-failures-found-to-be-material-but-not-pervasive/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/19/hedge-fund-operational-failures-found-to-be-material-but-not-pervasive/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 00:00:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5564</guid>
		<description><![CDATA[A detailed review of over 300 hedge fund failures reveals some surprising and counterintuitive findings. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/19/hedge-fund-operational-failures-found-to-be-material-but-not-pervasive/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Skill, Luck and the Multiproduct Firm: Evidence from Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2009/08/07/skill-luck-and-the-multiproduct-firm-evidence-from-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/07/skill-luck-and-the-multiproduct-firm-evidence-from-hedge-funds/#comments</comments>
		<pubDate>Fri, 07 Aug 2009 16:49:49 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6637</guid>
		<description><![CDATA[By: Rui J.P. de Figueiredo, Jr. and Evan Rawley
Published: August 7, 2009
Abstract: We propose that higher skilled firms diversify in equilibrium even when agency effects are significant. We formalize this intuition in an equilibrium model and test our predictions using a large panel dataset on the hedge fund industry 1977-2006. The results show that returns [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/07/skill-luck-and-the-multiproduct-firm-evidence-from-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Applying a Global Optimisation Algorithm to Fund of Hedge Funds Portfolio Optimisation</title>
		<link>http://allaboutalpha.com/blog/2009/08/01/applying-a-global-optimisation-algorithm-to-fund-of-hedge-funds-portfolio-optimisation/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/01/applying-a-global-optimisation-algorithm-to-fund-of-hedge-funds-portfolio-optimisation/#comments</comments>
		<pubDate>Sat, 01 Aug 2009 16:22:34 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6626</guid>
		<description><![CDATA[By: B. Minsky, M. Obradovic, Q. Tang and R. Thapar, (International Asset Management Limited and School of Mathematical and Physical Sciences, Sussex University, Brighton) 
Published: August 2009
Abstract: Portfolio optimisation for a Fund of Hedge Funds (“FoHF”) has to address the asymmetric, non-Gaussian nature of the underlying returns distributions. Furthermore, the objective functions and constraints are [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/01/applying-a-global-optimisation-algorithm-to-fund-of-hedge-funds-portfolio-optimisation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the Optimal Number of Managers in a Fund of Hedge Funds?</title>
		<link>http://allaboutalpha.com/blog/2009/07/18/what-is-the-optimal-number-of-managers-in-a-fund-of-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/18/what-is-the-optimal-number-of-managers-in-a-fund-of-hedge-funds/#comments</comments>
		<pubDate>Sat, 18 Jul 2009 16:33:27 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6629</guid>
		<description><![CDATA[By: Greg N. Gregoriou and Razvan Pascalau (SUNY Plattsburg) 
Published: July 18, 2009
Abstract: This paper investigates the level and the determinants of the optimal number of hedge fund managers in a Fund of Hedge Funds (FOFs). The paper also analyzes the impact that this level has on the performance and the volatility of returns of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/18/what-is-the-optimal-number-of-managers-in-a-fund-of-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Endowment Model: Can It Withstand the Winds of Change?</title>
		<link>http://allaboutalpha.com/blog/2009/06/01/the-endowment-model-can-it-withstand-the-winds-of-change/</link>
		<comments>http://allaboutalpha.com/blog/2009/06/01/the-endowment-model-can-it-withstand-the-winds-of-change/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 15:43:32 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7531</guid>
		<description><![CDATA[By: Lyn Hutton, CIO, Commonfund
Published: Spring/Summer 2009
Introduction: An endowment is a gift or bequest of money or property that carries the stipulation that the gift be invested and the principal remain inteact in perpetuity.  By definition, endowments are designed to be enduring as the institutions and pursposes they support.  And, universities are among the most [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/06/01/the-endowment-model-can-it-withstand-the-winds-of-change/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Investor Irrationality and Closed-end Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2009/05/19/investor-irrationality-and-closed-end-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2009/05/19/investor-irrationality-and-closed-end-hedge-funds/#comments</comments>
		<pubDate>Tue, 19 May 2009 16:43:01 +0000</pubDate>
		<dc:creator>icappelletti</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6632</guid>
		<description><![CDATA[By: Oliver Dietiker (University of Basel)
Published: May 19, 2009
Abstract: This study questions the rationality of people investing in HFs. I use a sample of London listed closed-end hedge funds to evaluate two criteria that imply irrational behavior. I find that the rationality of investors can not be rejected for the majority of time. However, the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/05/19/investor-irrationality-and-closed-end-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Digital Portfolio Theory: Portfolio Size, Versus Alpha, Beta, and Horizon Risk</title>
		<link>http://allaboutalpha.com/blog/2009/03/10/digital-portfolio-theory-portfolio-size-versus-alpha-beta-and-horizon-risk/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/10/digital-portfolio-theory-portfolio-size-versus-alpha-beta-and-horizon-risk/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 14:16:10 +0000</pubDate>
		<dc:creator>AAA Staff</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=12641</guid>
		<description><![CDATA[By: C. Kenneth Jones, University of Maryland
Published: March 10, 2009
Abstract: Digital Portfolio Theory (DPT) permits investors to control their risk exposure with respect to multiple time horizons. DPT is a theoretical enhancement for estimating efficient portfolios that relaxes the normal distribution and zero autocorrelation assumptions of Modern Portfolio Theory (MPT) and allows effects of unconditional [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/10/digital-portfolio-theory-portfolio-size-versus-alpha-beta-and-horizon-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Risk Management Lessons from Madoff Fraud</title>
		<link>http://allaboutalpha.com/blog/2009/03/04/risk-management-lessons-from-madoff-fraud/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/04/risk-management-lessons-from-madoff-fraud/#comments</comments>
		<pubDate>Wed, 04 Mar 2009 21:41:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4568</guid>
		<description><![CDATA[By: Pierre Clauss (Ecole Nationale de la Statistique et de l&#8217;Analyse de l&#8217;Information (ENSAI), Thierry Roncalli (Université d&#8217;Évry) and Guillaume Weisang (Bentley University)
Published: March 2009
Abstract: In December 2008, as the financial and economic crisis continued on its devastating course, a new scandal bursts. After the 1998&#8217;s failure of Long-Term Capital Management, Madoff&#8217;s fraud brings once [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/04/risk-management-lessons-from-madoff-fraud/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Contagion, Liquidity Spirals, and Flight to Quality</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/hedge-fund-contagion-liquidity-spirals-and-flight-to-quality/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/hedge-fund-contagion-liquidity-spirals-and-flight-to-quality/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 21:00:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4772</guid>
		<description><![CDATA[By: Mahendrarajah Nimalendran and Evan Dudley (both of University of Florida)
Published: March 2009

Abstract: We develop a novel approach that investigates the economic determinants of contagion among hedge funds. Our approach explicitly takes into account the left tail dependency between returns. We empirically investigate the relative importance of three economic channels that potentially explain contagion among [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/hedge-fund-contagion-liquidity-spirals-and-flight-to-quality/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Estimating Operational Risk for Hedge Funds: The Omega-Score</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 18:27:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4662</guid>
		<description><![CDATA[By: Stephen J. Brown (NYU), William N. Goetzmann (Yale School of Management), Bing Liang (University of Massachusetts) and Christopher Schwarz (University of Massachusetts) 
Published: March 2009
Abstract: Using a complete set of the SEC filing information on hedge funds (Form ADV) and the TASS data, we develop a quantitative model called the Omega-Score to measure hedge [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Fragile Capital Structure of Hedge Funds and the Limits to Arbitrage</title>
		<link>http://allaboutalpha.com/blog/2009/02/20/the-fragile-capital-structure-of-hedge-funds-and-the-limits-to-arbitrage/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/20/the-fragile-capital-structure-of-hedge-funds-and-the-limits-to-arbitrage/#comments</comments>
		<pubDate>Fri, 20 Feb 2009 19:32:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4994</guid>
		<description><![CDATA[By: Xuewen Liu  (Imperial College Business School) &#38; Antonio S. Mello  (University of Wisconsin, Madison- School of Business)
Published: February 2009

Abstract: During a financial crisis, when markets most need liquidity and arbitrage tradings, hedge funds often reduce their exposures and positions. The paper explains this phenomenon in light of coordination risk. We argue that the fragile [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/20/the-fragile-capital-structure-of-hedge-funds-and-the-limits-to-arbitrage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A First Guess for the Hedge Fund Attrition Rate in 2008</title>
		<link>http://allaboutalpha.com/blog/2009/02/01/a-first-guess-for-the-hedge-fund-attrition-rate-in-2008/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/01/a-first-guess-for-the-hedge-fund-attrition-rate-in-2008/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 19:38:37 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4764</guid>
		<description><![CDATA[By: Corentin Christory (Olympia Research)
Published: February 2009
Abstract: After a decade of dramatic growth, the hedge fund industry is experiencing the greatest shock of its short history. First estimates indicate that the hedge fund assets under management (AUM) shrunk by at least 20% in 2008. With massive redemptions and global deleveraging on the one hand, liquidity [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/01/a-first-guess-for-the-hedge-fund-attrition-rate-in-2008/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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