Archive for February 2011


Fan Favorites: The Alternative Investment “People’s Choice Awards”

Feb 28th, 2011 | By Guest | Filed under: Institutional Investing, Today's Post

A recent scan of the financial reports of 150 major pension funds reveals the world's most popular alternative investment managers. Here's an award not even Lindsay Lohan could win.


Send me an angel, VC or a private equity fund…or all of the above.

Feb 27th, 2011 | By AAA Staff | Filed under: Private Equity, Today's Post

Angel investing is an acquired taste that isn't generally described as an "alternative investment." But as a recent survey of both angels and VC funds illustrates, angel investing is really no different than an institutional investor making "direct" private equity investments.


Sovereign wealth funds to alternative investments: It depends on our mandate (mostly)

Feb 24th, 2011 | By Alpha Male | Filed under: Institutional Investing, Today's Post

A working paper by researchers at the IMF suggests there are four relatively distinct types of sovereign wealth funds. And once you know the fund type, you can guess at their appetite for alternative investments.


And institutions said cut fees, be more risk averse and be transparent. And hedge funds listened…

Feb 23rd, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

And the institutions demanded higher transparency, lower fees and greater risk management. And the hedge funds listened - at least according to Preqin's latest survey of hedge fund industry trends.


Managers operating in mature and “efficient” markets rejoice! Study finds you too can generate alpha.

Feb 22nd, 2011 | By Alpha Male | Filed under: Academic Research, CAPM / Alpha Theory, Today's Post

Thought managers in "inefficient markets" like emerging markets or small cap equities had the advantage when it comes to alpha-generation? Maybe not...


Three split-strikes and you’re out

Feb 21st, 2011 | By AAA Staff | Filed under: Media Coverage of Hedge Funds, Today's Post

"Bernie" is back in the headlines, squawking from the jailhouse about how the banks and others should have seen his scheme for what it was - and actually may have. The broader question is whether suspicions about Madoff's bogus strategy would have made a difference.


REITs beaten up in crisis, now back for revenge.

Feb 17th, 2011 | By Alpha Male | Filed under: Institutional Investing, Today's Post

Full points for stamina! After dropping by more than half between 2006 and 2008, REITs are nearly back to their pre-crash size. But do they have what it takes to succeed in the long term?


Collectibles as alternative investments (think Ferris Bueller’s Day Off)

Feb 15th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Investing in different kinds of collectibles as an alternative way to generate alpha has been tried time and again. Few, however, have made it the intricate topic of a detailed dissertation, and fewer still have dedicated research to showing the positive returns collectibles can generate in a broader investment portfolio.


The house that REITs built… casting a shadow on hedge funds?

Feb 14th, 2011 | By AAA Staff | Filed under: Institutional Investing, Real Estate, Today's Post

Real estate in various forms continues to gain favor among institutional investors. For hedge funds, the problem is the shadow being cast.


Is now a good time to jump into the hedge fund waters?

Feb 14th, 2011 | By Guest | Filed under: Guest Posts, Today's Post

Sure it's hard to start a hedge fund these days. But for some that obviously doesn't matter.


Private equity funds-of-funds facing many of the same concerns as their hedge fund cousins

Feb 13th, 2011 | By Alpha Male | Filed under: Private Equity, Today's Post

Despite being raised in different homes, it turns out that funds of private equity funds face some of the same genetic realities as their hedge fund brethren.


A Tale of Two Bubbles

Feb 10th, 2011 | By Alpha Male | Filed under: Performance, Analytics & Metrics, Today's Post

What the Dickens?! Although financial bubbles look pretty similar on the outside, it turns out that they may be more like snowflakes: no two are the same.


For pensions, “absolute return” strategies and other non-core investments are back in style

Feb 9th, 2011 | By AAA Staff | Filed under: Hedge Fund Industry Trends, Today's Post

Trends come and go. Here's one that came, went and is now on its way back according to a survey by consultancy bfinance.


Hedge fund quandary: Choosing fame or just fortune?

Feb 8th, 2011 | By Alpha Male | Filed under: Academic Research, Performance, Analytics & Metrics, Today's Post

Do hedge funds really care about being the "best"?


A Different World: Asian hedge fund industry “growing more slowly”, is “more correlated” and is “more directional” after October 2007

Feb 7th, 2011 | By Alpha Male | Filed under: Hedge Fund Industry Trends, Today's Post

A new research study by Singapore's GFIA explores the "different world" created by the global financial crisis.