Archive for February 2009


“Subscription Gates”: Why some hedge funds (used to) turn their backs on new money

Feb 27th, 2009 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

We've heard a lot of about hedge fund "redemption gates". But what happened to "subscription gates"?


Data in new UBS report supports Bernanke’s view that HF leverage not a top concern

Feb 26th, 2009 | By Alpha Male | Filed under: Hedge Fund Regulation, Today's Post

Ben Bernanke showed up at his annual Humphrey Hawkins testimony to talk about the risks posed by banks - specifically big banks. But what at least one Senator was just as concerned about another kind of institution.


If hedge fund “overcrowding” was bad for returns, is recent “undercrowding” going to be good?

Feb 24th, 2009 | By Alpha Male | Filed under: Academic Research, Performance, Analytics & Metrics, Today's Post

Research has long suggested that inflows of capital into the hedge fund industry hurt alpha returns. But does the opposite hold true? Do outflows bode well for the industry?


How layoffs in the Asian banking sector might be a boon for hedge funds

Feb 23rd, 2009 | By Alpha Male | Filed under: Featured Post, Today's Post

Asian hedge funds have taken it on the chin recently. But then again, so has the Asian financial sector in general. And this has some hedge fund managers now thinking that the glass may be half-full, not half-empty.


Value of HF companies dives in Q4, but “growth trajectory remains strong”: Report

Feb 22nd, 2009 | By Alpha Male | Filed under: Hedge Fund Industry Trends, Today's Post

Automobiles weren't the only things sitting in showrooms unsold at the end of Q4...


Financial crisis to slow convergence of hedge funds and private equity, but not for long, says academic

Feb 20th, 2009 | By Alpha Male | Filed under: Academic Research, Guest Posts, Private Equity, Today's Post

The much ballyhooed topic of convergence between hedge funds and private equity has been bumped from the front pages recently by the convergence of financial sector workers and pink slips. But according to one academic (who has the ear of the US Congress), it's not going away any time soon.


Calculating alpha as the market crashes

Feb 18th, 2009 | By Alpha Male | Filed under: Performance, Analytics & Metrics, Today's Post

Two experts weight in on how traditional views of manager value-add need to be revisited during a violent market downturn.


Younger funds of funds less volatile, more diversified and less leveraged: Why?

Feb 17th, 2009 | By Alpha Male | Filed under: Academic Research, Editor's Pick, Today's Post

A study published in this quarter's Journal of Alternative Investments finds that "seasoned" funds of hedge finds might suffer from being too entrenched in their ways.


Survey says a quarter of HF investors have more confidence in hedge funds now than they did last year

Feb 16th, 2009 | By Alpha Male | Filed under: Institutional Investing, Today's Post

A new survey finds that not only do the majority of respondents believe the events of last year will not change their minds on hedge funds, but over 25% say their confidence has actually been enhanced by the whole experience.


European Commission asks for help on hedge funds; gets variety of answers

Feb 15th, 2009 | By Alpha Male | Filed under: Hedge Fund Regulation, Today's Post

The European Commission recently ended its call for input on what it should do about those pesky hedge funds. If this was a court case, you might say they were "leading the witnesses" a little.


More mystical dates

Feb 13th, 2009 | By Alpha Male | Filed under: Media Coverage of Hedge Funds, Today's Post

The so-called "D-Day" is here once again. With about 45 days left until the end of Q1, market watchers turn an eye toward hedge fund redemptions as a possible explanation for all that ails markets.


Newsreel: Who’s writing these headlines?

Feb 11th, 2009 | By Alpha Male | Filed under: Media Coverage of Hedge Funds, Today's Post

When we read some hedge fund headlines, we are forced to ask ourselves a critical question: WTF? (that's "Whither the facts...")


Look what’s coming back now

Feb 10th, 2009 | By Alpha Male | Filed under: 130/30, Alternative Beta & Hedge Fund Replication, Today's Post

After being labeled "faddish" and "silly" and being derided as a waste of time last year, short extension and hedge fund replication strategies returned to the news cycle this week.


Hedge funds put on hold while consultants take calls from traditional investments

Feb 9th, 2009 | By Alpha Male | Filed under: Featured Post, Today's Post

An annual survey of institutional investment consultants confirms hedge funds' fears - that investors have put them on "hold" and gone out for lunch.


What to do when you pick the wrong month to conduct a survey…

Feb 8th, 2009 | By Alpha Male | Filed under: Institutional Investing, Today's Post

Hedgistan is different now. So it's back to the drawing board for many hedge fund surveys conducted before last fall's draw downs. But here's one survey that has already been back to the drawing board and "re-interviewed" its sample - yielding some interesting insights.