Attack of the Clones (Again)
Dec 6th, 2006 | Filed under: Alternative Beta & Hedge Fund ReplicationBy: Marc Hogan, Business Week
Published: December 4, 2006
It’s official! We’ve run out of colourful headlines about hedge fund “clones”. What was once a headline editor’s dream has quickly become a clone itself. (see “Attack of the Clones May Hurt Hedge Funds” - Nov. 21, ”An attack of the clones could spell end of 2 and 20” - Nov. 15). Hedge Fund cloning researcher Harry Kat has even dubbed an upcoming conference presentation “Attack of the Clones“. ”Attack of the Clones” narrowly edges out The Economist’s “Send in the Clones” as the most cheesy headline on this topic.
In any event, Business Week puts a main street spin on the topic that speaks to individual investors.
“Indexing may not appeal to current hedge fund investors, though, some analysts observe. “The typical hedge fund investor may not wish to effectively trade in their Ferrari for a potentially more reliable—and arguably boring—Buick,” says Jeff Keil, principal at fund consultancy Keil Fiduciary Strategies.”
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