Examining “Real Alpha” and “Exotic Beta” in mutual funds
|Feb 1st, 2010 | Filed under: Academic Research, CAPM / Alpha Theory, Retail Investing, Today's Post | By: Guest||
With the explosion of hunters searching for the same scarce alpha and the proliferation of high-frequency trading, is asset management still all about alpha? Yes, says Jane Li, CAIA, of FundQuest, a division of BNP Paribas. Her research of over 10,000 mutual funds (both alive and dead) collectively managing $4 trillion shows that it depends on which category of fund you’re talking about. More…
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