Archive for January 2011


Elephantine sovereign wealth funds trying to fly “below the radar”

Jan 31st, 2011 | By AAA Staff | Filed under: Private Equity, Today's Post

Sovereign Wealth Funds are some of the biggest behemoths around. So why would they ever think they could move around undetected?


Hedge Road is apparently a one-way street this year

Jan 30th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

A recent survey of hedge fund managers and investors indicates a surge of optimism for 2011. The question is whether they need to look both ways before crossing the seemingly one-way street to a positive year.


Unique research study reveals private equity managers’ actual “skin in the game”

Jan 27th, 2011 | By Alpha Male | Filed under: Academic Research, Private Equity, Today's Post

One of the world's largest institutional investors in private equity funds recently invited academics to study it's decades' worth of secret fund data. What those researchers found might surprise you.


Three-in-a-row for alternative investments?

Jan 26th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

It's that time of year when soothsayers say their sooths about the upcoming year. So what are they saying about alternative investments in 2011?


Hedge funds coming of age, according to new institutional investor survey

Jan 25th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Hedge funds are apparently just as entitled to rights of passage as anyone else, according to a recent survey of institutional investors, who collectively are poised to give them a second chance.


Hedge Fund Replication: Indexation & duplication? Estimation & approximation? Or a declaration of innovation?

Jan 24th, 2011 | By Alpha Male | Filed under: Academic Research, Alternative Beta & Hedge Fund Replication, Today's Post

Maybe it's about time we dispense with the antiquated notion that "hedge fund replication" is all about actually "replicating" anything.


Researchers try to fix “unreliable” hedge fund measures

Jan 23rd, 2011 | By Alpha Male | Filed under: Academic Research, Alternative Beta & Hedge Fund Replication, Performance, Analytics & Metrics, Today's Post

The ubiquitous Sharpe ratio ignores those pesky "higher moments." But evidently, that's not all it lacks.


One possible reason why investable hedge fund indexes underperform

Jan 20th, 2011 | By Alpha Male | Filed under: Performance, Analytics & Metrics, Today's Post

Hedge fund indexes are often said to contain inherent biases - biases not shared by their investable counterparts. Now, new research sheds light on one source of the divergence between these two types of indexes.


Study finds private equity “four-peats” can be more difficult than previously thought

Jan 19th, 2011 | By AAA Staff | Filed under: CAPM / Alpha Theory, Today's Post

Success breeds success – and expectations of continued success. Except in private equity, where success bodes reversion to the mean, a recent study on performance persistence argues.


Facebook 50 billion valuation, Volcker, shine spotlight on secondary private equity markets

Jan 18th, 2011 | By AAA Staff | Filed under: Private Equity, Today's Post

Without liquid markets, private equity values are nearly always marked to model. But that may be changing...


Could the latest twist in the Goldstein case help shine “disinfecting sunlight” on hedge funds?

Jan 17th, 2011 | By Alpha Male | Filed under: Hedge Fund Regulation, Today's Post

Hedge fund crusader Phil Goldstein is back in court appealing a verdict that he says is unconstitutional. But this time around, the opinions of a small group of journalists, academics and students could have a profound and lasting impact on the way hedge funds communicate with the outside world.


HFs R AWSUM!!!

Jan 16th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Hedge funds are getting branded as more conservative than they used to be, thanks to the '08 meltdown, but at least one is willing "2 t8k a gambl" on a new kind of strategy.


“Serious doubts” raised about hedging potential of long-only commodities

Jan 13th, 2011 | By Alpha Male | Filed under: Academic Research, Hedge Fund Industry Trends, Today's Post

Thought commodities were going to be man's best friend when inflation strikes? You might want to read this...


Report warns about taking credit spreads at face value

Jan 12th, 2011 | By AAA Staff | Filed under: Performance, Analytics & Metrics, Today's Post

Gone are the days when figuring the crowd affected the pricing and spreads along various parts of the credit market structure. According to a recent report by Standard & Poor's, hedge fund traders and other market participants make measuring credit risk a lot more difficult than it used to be.


Mutual funds with far-away holdings found to mimic hedge funds

Jan 11th, 2011 | By Alpha Male | Filed under: Academic Research, CAPM / Alpha Theory, Today's Post

A transnational study of mutual funds sheds light on one of the secrets of hedge funds' overall success.