In the first of several randomly played “get out of jail free cards” we plan to use this summer, there will be no posting today.  Happy Independence Day to Americans everywhere.  And happy “US-Markets-Are-Closed-So-Take-The-Day-Off” Day to everyone else.

It’s also our first birthday today at AllAboutAlpha.com.  Over the past year, we’ve written over 130,000 alpha-centric words.  So if you’re enjoying a lazy summer day at the beach (with your laptop), we’d suggest you check out some of the other parts of AllAboutAlpha.com that you may not have seen yet.  For example, check out the latest additions to the research dossiers:

• (New) Hedge Fund Replication: 20 papers from Fung, Hsieh, Lo, Jaeger, Kat, Amenc, Schneeweis etc.
• (New) Fees: Nearly a dozen papers ranging from “Measuring The True Cost of Active Management” to “Highwater Marks in Hedge Fund Contracts”
• (New) Analytics & Metrics: Our newest dossier containing seven papers we have reveiwed at one point or another – from Alpha to Omega (from Andrew Lo’s recent “Where to Alpha’s Come From?” to William Shadwick’s “A Universal Performance Measure – Omega” 
• 130/30: Position papers from all the major suppliers including: Man, Merrill, Citi, Goldman, & Morgan Stanley
• Liability-Driven Investing: Various articles and academic papers on this application of alpha-centric investing
• The Morgan Stanley Portable Alpha Dossier: A great introduction to portable alpha along with several documents not publicly available on the web.

Or check out our Hall of Fame inclduing a “Who’s Who” of alpha-centric investing.  This section contains information on over 30 notable personalities from the world of alpha-centric investing – divided into four categories: academic foundations, entrepreneurs, hedge fund researchers and practitioners.

Or if you’re really looking for a good time, try going to “Search by Topic” and wading through hundreds of postings from the past year divided into 16 categories.

Hope you find these areas both interesting and useful.  We certainly do.

Happy Alpha-Hunting.

- Alpha Male