http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/ Hedge funds, portable alpha, 130/30 and alpha-centric investing Fri, 19 Mar 2010 07:52:26 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/comment-page-1/#comment-6589 allaboutalpha.com: Welcome to AllAboutAlpha.com Mon, 21 May 2007 03:31:45 +0000 http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/#comment-6589 [...] Maybe I’m working too much.  But the more I research alpha, the less I know how to define it.  While Andrew Lo asks “Where does alpha come from?”, I’m now back at “What is alpha”? Â For example, what might look like alpha over one timeframe is actually “exotic beta” when you shift the window of analysis only a few months.  What looks like alpha vs. one benchmark may, of course, be beta when compared to a different benchmark.  There’s ”active weight“, “active component“, “active share“, “absolute returns”, “reliance on public information“, “manager value-added” - even ”accidental alpha“. [...] [...] Maybe I’m working too much.  But the more I research alpha, the less I know how to define it.  While Andrew Lo asks “Where does alpha come from?”, I’m now back at “What is alpha”? Â For example, what might look like alpha over one timeframe is actually “exotic beta” when you shift the window of analysis only a few months.  What looks like alpha vs. one benchmark may, of course, be beta when compared to a different benchmark.  There’s ”active weight“, “active component“, “active share“, “absolute returns”, “reliance on public information“, “manager value-added” – even ”accidental alpha“. [...]

]]> http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/comment-page-1/#comment-972 Friday links: help wanted « Abnormal Returns Fri, 02 Mar 2007 16:41:51 +0000 http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/#comment-972 [...] All About Alpha on a research paper that identifies “primitive trading strategies” that helps distinguish alternative alpha from “accidental alpha.” [...] [...] All About Alpha on a research paper that identifies “primitive trading strategies” that helps distinguish alternative alpha from “accidental alpha.” [...]

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