The new look for hedge funds this summer: mutual funds
May 6th, 2009 | Filed under: Retail Investing, Today's Post
Despite the aversion retail investors have recently had to hedge funds, the hedgification of traditional investments is apparently continuing in some quarters of the money management business.
Back in March, Chip Roame, the founder and CEO of Tiburon Strategic Advisors told the online newsletter Advisor Perspectives that: More…
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[...] all about alpha Despite the aversion retail investors have recently had to hedge funds, the hedgification of traditional investments is apparently continuing in some quarters of the money management business. [...]
This is a steady migratio away from the strict style box process that institutional investors and retail firms have been pushing for the past 20 years. During the 20 year bull market from 1980 to 2000, they actually fooled themselves into thinking it was that easy. 5 years ago they abhorred a flexible investment mandate and demanded a rigid sixe and style. This “new” retail product mentality won’t work. Alpha is all about exploiting inefficencies in a certain market or markets. Homogenized alpha is contradictory.