Tabb Group wins creative writing award
Sep 25th, 2007 | Filed under: CAPM / Alpha TheoryToday we are pleased to announce the winner of a new award we just made up for the most colourful executive summary in the history of alpha-centric investing. This ditty from The Tabb Group, a consulting firm we mentioned yesterday, contains the following great lines:
“Like a hot knife through butter, or like Moses parting the Red Sea, the asset management industry is being torn asunder.”
“To investors, a new oyster is opening. A new way of looking at investments, returns, risk, and exposures is developing.”
“We are only in the beginning of this major shift. We’ve taken only a spoonful of the alpha-beta soup, and the meal is at least seven courses long.”
Looks like an interesting report. So if you have US$8,000 burning a hole in your pocket and you like the kind of material we publish here, you might find the report useful. In the end, the report’s conclusion is clear:
“As managers expand their search to be more global, they’re also finding they must expand their asset selection strategies…This impacts how firms are serviced, how they are brokered, how their technology infrastructure is implemented, and even how their operations are structured. All of this is in pursuit of one thing – alpha.”
In other words, it’s all about alpha.
