Canada: “Come for the gold, but stay for the alpha”
Oct 11th, 2007 | Filed under: Today's PostContinuing our conference-a-continent tour, we attended the inaugural Canadian edition of the venerable “Hedge Funds World” franchise this week in Toronto. After creating a “Hedge Funds World” for what seems to be every possible region and city on the planet (New York, London, Dubai, Hong Kong, Singapore, Tokyo, Miami, Cape Town, Zurich, Stockholm, Madrid, Hoboken, Burma, Pyongyang, Falkland Islands, North Pole…okay, not Burma) attendees at this event were pleased to finally join the global party.
Perhaps it’s no coincidence that this year also marks multi-decade highs for two of Canada’s favorite exports: gold and oil. But Phil Schmitt, Chairman of AIMA Canada told the audience that there were plenty of untapped hedge funds in Canada that do not rely on the ubiquitous “resource beta”. Essentially Schmitt’s message to international investors is “come for the gold, but stay for the alpha”. (see related article)
And speaking of alpha. The good folks at Hedge Funds World dedicated much of the afternoon of day one to “Alpha Beta Portfolio Construction”. Here are some notes from the floor:
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.
