Archive for August 2010


Springtime for M&A in alternative investments?

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

M&A in the hedge fund and alternative investment space all but died in the wake of the 2008 Great Recession. But amazingly a new report says the stage is already set for another successful, if unexpected, run.


Under the hood: Ground breaking private equity study examines actual investments, not just funds

Aug 30th, 2010 | By Alpha Male | Filed under: Academic Research, Private Equity, Today's Post

A lot has been said about the liquidity of private equity funds. But what about the liquidity of the individual private investments held by PE investors (both funds and direct investors)?


Report: Median performance fee earned by UK mutual funds that have one is, well, not really an issue

Aug 29th, 2010 | By Alpha Male | Filed under: Hedge Fund Regulation, Investment Management Fees, Today's Post

A new report by Lipper examines the early impacts of the UK's endorsement of performance fees for mutual funds.


When it comes to black swans, there ain’t nothin’ like the real thing, baby

Aug 26th, 2010 | By AAA Staff | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

An academic report capitalizes on the "real-life" disaster scenario that unfolded following Lehman Brothers' bankruptcy, concluding that the equity holdings of the defunct prime broker's hedge fund clients suffered even more than others.


Despite the headlines, US public pensions not losing any sleep over their alternative investment allocations

Aug 25th, 2010 | By Guest | Filed under: Institutional Investing, Today's Post

Morningstar's Steve Deutsch puts a microscope over some of the most "pro-alternative" public pension plans in the United States. What he finds may help hedge fund and private equity managers sleep a little sounder at night.


Mutual fund study finds “first direct evidence of trade off between performance and marketing”

Aug 24th, 2010 | By Alpha Male | Filed under: Academic Research, Retail Investing, Today's Post

Mutual funds have learned that holding stock market "darlings" is bad for performance, but good for marketing. Thankfully for hedge funds, less transparency may have allowed them to avoid this trap.


Go east, and go hedge funds, investors say

Aug 23rd, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Investors are once again looking east for investment opportunities, and they are looking at hedge funds as the vehicle of choice, according to a survey of buy-side players. The question is, what's changed?


Sociology explains changing role of funds of funds

Aug 22nd, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

Funds of funds are an important link between end investors and hedge fund managers. But according to this academic, they're also a critical filter for information. Remove that filter, and the hedge fund industry isn't half as interesting.


Contrary to popular opinion, research shows that HF managers won’t necessarily go “all-in” to win big

Aug 19th, 2010 | By AAA Staff | Filed under: Academic Research, Investment Management Fees, Today's Post

Apparently, executives outside of Hedgistan could benefit from mimicking how hedge fund managers get compensated.


Despite performance concerns, UCITS-compliant hedge funds still have plenty of fans

Aug 18th, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Retail Investing, Today's Post

A recent survey finds that UCITS-compliant hedge funds are still drawing crowds - despite a few rough edges here and there.


SEC to Hedge funds: No need to use “plain English”

Aug 17th, 2010 | By Alpha Male | Filed under: Hedge Fund Regulation, Today's Post

A recent SEC ruling requires investment advisers to use "plain English" when communicating with clients. But for now, hedge funds can keep confusing people...


The “first formal analysis of hedge fund leverage” finds it to be “counter-cyclical” to that of banks

Aug 16th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Hedge Fund Operations and Risk Management, Today's Post

A new study uses a major fund of fund's private stash of data to examine hedge fund leverage. Regulators take note...


Research shows that hedge fund investors may want to join others by “selling in May and going away”

Aug 15th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

If you sold your hedge fund in May, you're probably relaxing on the beach right now. If not, you may want to check out this research...


Modern Portfolio Theory: Break free dude!

Aug 12th, 2010 | By AAA Staff | Filed under: CAPM / Alpha Theory, Today's Post

Modern portfolio theory, the hallmark of institutional investing, isn't so modern anymore, according to a new report by State Street that encourages embracing new types of risk models and investment options.


Founder of the Journal of Environmental Investing: “It’s all about alpha!”

Aug 11th, 2010 | By Guest | Filed under: Featured Post, Institutional Investing, Today's Post

For many institutional investors, investing in the environment is now all about alpha, not social change.