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Born Free: Benchmark hedging liberates your risk budget

Oct 24th, 2008 | Filed under: Sponsored Content

BY TRISTRAM LETT, MANAGING DIRECTOR, ABSOLUTE RETURN STRATEGIES, INTEGRA CAPITAL CORPORATION -   Benchmark hedging, a process designed to reduce the investment risk in a benchmark, is not new. However, doing it successfully and efficiently is. This article has two parts: in the first we explore the process of benchmark hedging and how it is possible [...]

Manufacturing Alpha from Beta

Feb 16th, 2008 | Filed under: CAPM / Alpha Theory, Sponsored Content

By Tristram Lett, INTEGRA CAPITAL - The title of this article suggests that alpha can be derived from market timing. In the strict statistical sense, it is not considered a source of alpha, but any investment practitioner knows that, relative to a buy and hold position, being in and out of a particular market in a [...]