Morgan Stanley puts fixed income portable alpha webcast online
May 31st, 2007 | Filed under: Portable Alpha & Alpha/Beta Separation
For those readers who have been emailing us looking for more information on portable alpha in the world of fixed income investing, you’re in luck. Morgan Stanley has made a recent presentation and accompanying conference call recording available to readers of AllAboutAlpha.com via Morgan Stanley’s AllAboutAlpha Research Dossier (once logged in, go to the bottom of the “research” page to view the webcast).
The call is hosted by Jack Coates who heads up Morgan Stanley’s Portfolio Architecture team. Before joining the firm, he was the managing director of Weyerhaeuser’s Pension Fund Investment Group. Portable Alpha enthusiasts will know his name since Weyerhaeuser pioneered portable alpha investing well before it was all the rage. More…
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This whole approach depends upon the alpha engine making enough to cover all the costs. Why don’t Morgan Stanley, or you, present the same approach with some real figures attached for all the management and other fees, together with the core fact, the pre all costs rate of return that the alpha generator has to achieve.