Archive for September 2010


It ain’t easy being green. (Or is it?)

Sep 30th, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

A new report suggests there are plenty of ways to fund "green" projects and make money off them. The question is whether lenders and investors alike will be compelled to think renewable energy finance is mainstream enough to adopt.


Researcher to Critics of “Yale Model”: Not so fast!

Sep 29th, 2010 | By Alpha Male | Filed under: Academic Research, Institutional Investing, Today's Post

Those who blame alternative investments for the travails of US university endowments may want to read this recent paper.


Shocked researchers find “mutual funds and hedge funds of funds are actually not that different”

Sep 28th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

Should the fund of funds business be left to the big players only? A new study compares the fund-picking skills of managers in various kinds of markets.


When rolling becomes an uphill battle: Index Funds, contango and total returns in commodity markets

Sep 27th, 2010 | By Guest | Filed under: Commodities, Hedge Fund Industry Trends, Today's Post

Regardless of its source, negative roll yield is an uphill battle for those trying to make money in commodity markets. But is it surmountable? The short answer appears to be "yes."


Springtime for M&A in alternative investments? (Part 2)

Sep 26th, 2010 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Institutional Investing, Today's Post

M&A activity in the hedge fund space continues to thrive, though it's not green shoots and blooming roses for all, as a new report by Freeman & Co. shows.


Pension Funds: Okay, forget 8%. Just get us out of this hole!

Sep 23rd, 2010 | By AAA Staff | Filed under: Institutional Investing, Liability Driven Investing, Today's Post

For pensions it's quickly gone from 8%-plus assumed returns to fighting just to keep the assets and liabilities in sync.


Too many debt-fuelled sugar rushes leading to health problems for private equity

Sep 22nd, 2010 | By Guest | Filed under: Private Equity, Today's Post

A recent academic study confirms the prevailing wisdom that cheap debt provided private equity funds with a sugar rush that is now beginning to wear off.


The Double Indemnity Hedge: Pricing death on the installment plan

Sep 21st, 2010 | By Alpha Male | Filed under: Institutional Investing, Today's Post

Longevity risk is apparently a field in its infancy.


The Most Popular Guest Posts of the Summer

Sep 20th, 2010 | By AAA Staff | Filed under: Today's Post

Looking for a way to celebrate the autumnal equinox? Look no further.


Study finds evidence of alpha in an often-overlooked alternative asset class: REITs

Sep 19th, 2010 | By Alpha Male | Filed under: Academic Research, Institutional Investing, Today's Post

We all know that stock markets are pretty efficient. But what about the market for real estate investment trusts (REITs)?


Pensions: “Note to self: Buy more hedge funds next time”

Sep 16th, 2010 | By AAA Staff | Filed under: Institutional Investing, Today's Post

The top lessons learned by pension funds from the 2008 financial crisis suggest that hedge funds may be the answer.


When hedge fund managers really hate tiny losses

Sep 15th, 2010 | By Alpha Male | Filed under: Academic Research, Performance, Analytics & Metrics, Today's Post

When assets are beating a path to their door, hedge fund managers will take their lumps. But when investors are starting to revolt, a negative return can really ruin their day.


Have your cake and eat it too, but beware of getting a fat tail

Sep 14th, 2010 | By AAA Staff | Filed under: Hedge Fund Operations and Risk Management, Performance, Analytics & Metrics, Today's Post

It would be great to survive on a diet of only chocolate cake. The reality, as most know, is to go for a more balanced and well-rounded diet to avoid tail risk.


Seen on the hedge fund catwalk: rose-colored glasses back in vogue

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

For right or wrong, investors seem to be donning rose-colored glasses once again when it comes to hedge funds - apparently more willing to overlook previous hot-button issues like transparency and fees.


Academic study examines why some hedge funds appear to be fudging valuations

Sep 12th, 2010 | By Alpha Male | Filed under: Academic Research, Hedge Fund Operations and Risk Management, Performance, Analytics & Metrics, Today's Post

Researchers have always known that some hedge funds seem to exercise a certain degree of "flexibility" with regard to valuing less liquid positions. But a new study of hedge funds' publicly-traded positions suggest some managers may be a little too flexible.