Archive for January 2010


A favorite going into the games of 2010

Jan 31st, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

There seems to be little consensus at the beginning of each year about which hedge fund strategies may be poised to outperform. This year may be just a little different though...


Live Blogging “Battle of the Quants”

Jan 28th, 2010 | By Alpha Male | Filed under: Today's Post

Today, we report live from the annual New York edition of the "Battle of Quants."


New study of mutual fund alpha shows that what-goes-around-comes-around

Jan 27th, 2010 | By Alpha Male | Filed under: Academic Research, CAPM / Alpha Theory, Today's Post

A study of the variables driving mutual fund alpha also reveals something about the changing nature of markets themselves.


SEC enforcement: same old song, or new foreboding tune?

Jan 26th, 2010 | By AAA Staff | Filed under: Hedge Fund Regulation, Today's Post

Post Madoff, Galleon and financial crisis, the US Securities and Exchange Commission is looking to beef up its enforcement management and oversight significantly. So why should alternative investment managers take it seriously this time?


Metal Round Update: Hedgistan’s Dream Team to compete for gold

Jan 25th, 2010 | By Guest | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

Stop the press! There is a late entry in this year's competition for gold.


Survey: “Crisis has reinforced ongoing trend toward alternative investing”

Jan 24th, 2010 | By Alpha Male | Filed under: Hedge Fund Industry Trends, Today's Post

With institutional investor now credited for providing three-quarters of new hedge fund assets, we take a closer look at an new survey tracking how their beliefs have changed over the past year.


Up-capture: A different way of defining value-added in fund management

Jan 21st, 2010 | By Alpha Male | Filed under: Academic Research, Performance, Analytics & Metrics, Today's Post

A new paper suggests that just because your manager has trailed the index in the past three years doesn't mean she's going to trail in the future - particularly if you have your own expectations for the direction of markets.


2010 seen to be a year of bottom fishing for institutional real estate investors

Jan 20th, 2010 | By Alpha Male | Filed under: Institutional Investing, Real Estate, Today's Post

Commercial real estate investors have been reeling in empty hooks for some time. But according to one survey of institutional investors, their may be some good fishing grounds right around the corner.


UCITS and NEWCITS and Hedge Funds, oh my…

Jan 19th, 2010 | By AAA Staff | Filed under: Hedge Fund Regulation, Retail Investing, Today's Post

The expected EU Directive in addition to generally more heightened demand for regulatory compliant alternative investments has already set in motion a wave of so-called UCITS- and NEWCITS-based funds. The question is whether they can truly live up to expectations, particularly with higher costs and lower returns?


Quant funds to terminate human-managed ones?

Jan 18th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

A new study compares quant hedge funds to qualitatively-managed ones. While there were interesting differences, the debate between these two camps is unlikely to terminate any time soon.


Flotsam and Jetsam that raise some lingering questions

Jan 17th, 2010 | By Alpha Male | Filed under: AAA Newsreels, Today's Post

Today, we revisit a few notable news items that raised some interesting questions over the past week or two.


Comment: “Risk-based compensation” a more equitable approach

Jan 14th, 2010 | By Guest | Filed under: Guest Posts, Today's Post

The past few years have seen discontent about return-based hedge fund fees growing amongst investors. Here's a proposal from one manager that attempts to balance both risk and return.


M&A in the asset management space? Yes. Fire-sale distressed prices? Not necessarily.

Jan 13th, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Horrific returns, mass redemptions and seemingly unreachable high water marks were predicted to unleash a wave of M&A activity in the alternative asset management space. The wave has begun, but not for any of those reasons, according to a new report.


Credit Ratings Agencies: The 19th century’s other “Gangs of New York”

Jan 12th, 2010 | By Guest | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

The street battles between the "Natives" and the "Dead Rabbits" depicted in Martin Scorsese's "Gangs of New York" weren't the only ones being fought in the 1850's. Over on Wall Street, another battle was brewing.


Study finds secondary HF markets can predict future fund returns

Jan 11th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

Thought hedge fund investors were all just return chasers? Turns out they're also return predictors...