Poll of institutional investors shows they face a "sea of ambiguity"
May 9th, 2007 | Filed under: Portable Alpha & Alpha/Beta SeparationThe benefits, costs and risks of 130/30, portable alpha, hedge funds and other emerging investment techniques are now quite clear to those immersed in the hedge fund and asset management community. As we debate abstract ideas such as market inefficiencies, it’s easy to become frustrated with the pace of adoption. But the fact remains that communicating these ideas to a broader audience of investment committees and advisers remains a critical step in the gradual acceptance of alpha-centric investment techniques.
This interesting report reminds us of the enormity of this communication and education task. Consulting and advisory firm Strategic Investment Group sponsors a number of roundtable sessions involving institutional investors each year to discuss topical issues in the industry. They call this initiative the “National Strategic Investment Dialogue” (NSID) and its output is summarized in a report at the end of each year. While these annual reports are not available to the general public, NSID has allowed us to provide you the 2006 edition in full here.
The 2006 Year in Review report finds that institutional investors are “…afloat on a sea of ambiguity”…
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