AllAboutAlpha.com reader Rene Levesque of Mountjoy Capital writes:

The following article is in reference to a specific statement embedded into a featured item presented in AllAboutAlpha.com on September 23, 2009, i.e. “Alpha being airlifted out of the dying portable alpha strategies”.

The statement reads: “So it may come as no surprise to critics of hedge funds that portable alpha has lost its luster. But what may come as a surprise to them is the fact that it was traditional market beta, not the hedge funds, that led to its apparent undoing.”

This statement, with which I am in total agreement, is filled with subtleties and truths. More…