Selling umbrellas in Times Square
| Mar 9th, 2010 | Filed under: Portable Alpha & Alpha/Beta Separation, Today's Post | By: Alpha Male |
Just as the media started to shovel dirt into portable alpha’s grave, Institutional Investor ran a very well-balanced piece this month about the trials and tribulation of the once-mighty strategy (written by Imogen Rose-Smith). Anyone who faces questions from investors, pensioners, or investment board members about portable alpha strategies needs to read all 4200 words of it.
It begins with the usual colorful and dichotomous language you’d expect to see in relation to such a controversial topic, such as “the Rosetta Stone of investing,” and “the toxic waste of portfolio strategies.” More…
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