http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/ Hedge funds, portable alpha, 130/30 and alpha-centric investing Thu, 18 Mar 2010 13:53:53 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-724 All About Alpha » Blog Archives » Citigroup: Hedge funds a better structure for alpha generation than long-only funds Mon, 19 Feb 2007 03:17:01 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-724 [...] But although hedge funds have a unique governance model, they participate in the same battle for alpha as all other investors (hedge and long-only alike).  As a result, “hedge fund capacity” is really a misnomer. Â Lars Jaeger and Christian Wagner highlighted this fact in their interesting approach to calculating the theoretical capacity of the hedge fund industry.  For this reason, Brown and de Figueiredo also believe the capacity of the hedge fund industry “must be examined in a larger context”.  “The hedge fund ‘industry’ is not really an industry at all. Discussions about the future of the ‘hedge fund industry’ are misguided because we do not believe that hedge funds alone constitute an industry. Hedge funds, rather, represent a particular business model and governance structure within the broader active management industry.” [...] [...] But although hedge funds have a unique governance model, they participate in the same battle for alpha as all other investors (hedge and long-only alike).  As a result, “hedge fund capacity” is really a misnomer. Â Lars Jaeger and Christian Wagner highlighted this fact in their interesting approach to calculating the theoretical capacity of the hedge fund industry.  For this reason, Brown and de Figueiredo also believe the capacity of the hedge fund industry “must be examined in a larger context”.  “The hedge fund ‘industry’ is not really an industry at all. Discussions about the future of the ‘hedge fund industry’ are misguided because we do not believe that hedge funds alone constitute an industry. Hedge funds, rather, represent a particular business model and governance structure within the broader active management industry.” [...]

]]> http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-661 All About Alpha » Blog Archives » Alternative Beta: Old Wine in New Bottles Fri, 16 Feb 2007 15:55:02 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-661 [...] posting on this paper) Archived in Alpha Beta Separation, Beta/ETFs, Hedge Funds | Trackback | del.icio.us | Top OfPage [...] [...] posting on this paper) Archived in Alpha Beta Separation, Beta/ETFs, Hedge Funds | Trackback | del.icio.us | Top OfPage [...]

]]> http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-214 All About Alpha » Blog Archives » A Financial “Period of Enlightenment” Wed, 10 Jan 2007 03:30:42 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-214 [...] We find Ineichen’s Michaelangelo analogy is more complimentary than Jaegar and Wagner’s “garbage bag of a regression analysis”, more achievable than their â€œdark matter” and less scary-sounding than Mark Finn’s “swarm of bees“, [...] [...] We find Ineichen’s Michaelangelo analogy is more complimentary than Jaegar and Wagner’s “garbage bag of a regression analysis”, more achievable than their â€œdark matter” and less scary-sounding than Mark Finn’s “swarm of bees“, [...]

]]> http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-83 All About Alpha » Blog Archives » Hedge Fund Cloning to “Turn Industry Upside Down” Thu, 23 Nov 2006 05:03:32 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-83 [...] International hedge fund celebrity, Lars Jaegar (see research) told Dailyii on Tuesday that hedge fund cloning could have a “dramatic effect” on the industry.  He went on to say ”This is going to turn the industry upside down”.  [...] [...] International hedge fund celebrity, Lars Jaegar (see research) told Dailyii on Tuesday that hedge fund cloning could have a “dramatic effect” on the industry.  He went on to say ”This is going to turn the industry upside down”.  [...]

]]> http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-55 All About Alpha » Blog Archives » Merrill Lynch: “New Alternatives in Alternative Investing” Tue, 24 Oct 2006 00:22:37 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-55 [...] Factor Modeling and Benchmarking of Hedge Funds: Can Passive Investment in Hedge Fund Strategies Deliver? [...] [...] Factor Modeling and Benchmarking of Hedge Funds: Can Passive Investment in Hedge Fund Strategies Deliver? [...]

]]> http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/comment-page-1/#comment-52 Friday links: secrets of greatness « Abnormal Returns Fri, 20 Oct 2006 17:24:41 +0000 http://allaboutalpha.com/blog/2006/10/19/factor-modeling-and-benchmarking-of-hedge-funds-can-passive-investment-in-hedge-fund-strategies-deliver/#comment-52 [...] All About Alpha reviews a paper that explores the relationship between alpha and hedge fund betas. [...] [...] All About Alpha reviews a paper that explores the relationship between alpha and hedge fund betas. [...]

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