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<channel>
	<title>AllAboutAlpha.com &#187; Search Results  &#187;  Kat</title>
	<atom:link href="http://allaboutalpha.com/blog/?s=Kat&#038;feed=rss2" rel="self" type="application/rss+xml" />
	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
	<lastBuildDate>Tue, 09 Feb 2010 02:27:58 +0000</lastBuildDate>
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	<sy:updatePeriod>hourly</sy:updatePeriod>
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			<item>
		<title>7 Questions for Adam Patti, CEO of IndexIQ</title>
		<link>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 02:00:56 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9081</guid>
		<description><![CDATA[By: Andrew Saunders, Member of the Editorial Board of AllAboutAlpha.com, &#38; Director, EFX Prime Services
In January the Wall Street Journal reported that ETF assets had crested $1 trillion. No longer is it simply another way to capture S&#38;P 500 beta. It seems that every day there is an innovative new investment idea that is packaged [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Live Blogging &#8220;Battle of the Quants&#8221;</title>
		<link>http://allaboutalpha.com/blog/2010/01/28/live-blogging-battle-of-the-quants/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/28/live-blogging-battle-of-the-quants/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 16:09:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9019</guid>
		<description><![CDATA[Today, we report live from the annual New York edition of the "Battle of Quants."    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/28/live-blogging-battle-of-the-quants/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Investors respond to private equity managers with new &#8220;principles&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/12/16/investors-respond-to-private-equity-managers-with-new-principles/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/16/investors-respond-to-private-equity-managers-with-new-principles/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 00:00:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8189</guid>
		<description><![CDATA[An association of private equity investors has added its voice to the complex debate about private equity terms and conditions.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/16/investors-respond-to-private-equity-managers-with-new-principles/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ETF hedge funds: The Infinite Monkey Theorem</title>
		<link>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 01:00:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7687</guid>
		<description><![CDATA[If a monkey hitting keys on a typewriter at random can eventually reproduce Shakespeare's works, can an ETF loosely based on a hedge fund strategy eventually replace a hedge fund manager, and the fees he or she charges?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Recent performance of HF clones shows they &#8220;were attractive during the crises of 2008&#8243;</title>
		<link>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/#comments</comments>
		<pubDate>Thu, 10 Sep 2009 00:00:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5960</guid>
		<description><![CDATA[During its recent hiatus from the front pages, hedge fund replication may have actually proven its mettle.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Hurricanes as alternative investments</title>
		<link>http://allaboutalpha.com/blog/2009/08/13/hurricanes-as-alternative-investments/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/13/hurricanes-as-alternative-investments/#comments</comments>
		<pubDate>Fri, 14 Aug 2009 00:00:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5468</guid>
		<description><![CDATA[How to hedge against the next Katrina...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/13/hurricanes-as-alternative-investments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Newsreel: Rebounds, social markets, Saskatchewan and the &#8220;Triple Lindy&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/07/20/newsreel-rebounds-social-markets-saskatchewan-and-the-triple-lindy/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/20/newsreel-rebounds-social-markets-saskatchewan-and-the-triple-lindy/#comments</comments>
		<pubDate>Tue, 21 Jul 2009 00:00:44 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[AAA Newsreels]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5059</guid>
		<description><![CDATA[ 

E.M.H. R.I.P. W.T.F?
In an ironic twist, the Economist suggests that financial engineering (and by extension the hedge funds built with its outputs) are built on the shoulders of the efficient market hypothesis.  Yet the much ballyhooed demise of the EMH should, in theory, pave the way for skill-based, alpha-centric returns.  In fact, the newspaper [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/20/newsreel-rebounds-social-markets-saskatchewan-and-the-triple-lindy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ponzipalooza</title>
		<link>http://allaboutalpha.com/blog/2009/01/11/ponzipalooza/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/11/ponzipalooza/#comments</comments>
		<pubDate>Mon, 12 Jan 2009 02:01:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Media Coverage of Hedge Funds]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4047</guid>
		<description><![CDATA[Now everyone from pensions to governments to legitimate hedge funds are in the Ponzi game.  Given this, we guess it shouldn't be that hard for the SEC to rack-up the score.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/11/ponzipalooza/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>London Day Two: Separation Theorem, Core/Satellite Redux &amp; New HF Metrics</title>
		<link>http://allaboutalpha.com/blog/2008/12/10/london-day-two-separation-theorem-coresatellite-redux-new-hf-metrics/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/10/london-day-two-separation-theorem-coresatellite-redux-new-hf-metrics/#comments</comments>
		<pubDate>Wed, 10 Dec 2008 23:32:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3881</guid>
		<description><![CDATA[What happens when academics and hedge fund managers mix it up?  Something like this...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/10/london-day-two-separation-theorem-coresatellite-redux-new-hf-metrics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On the road to alpha, it&#8217;s okay to ask for directions</title>
		<link>http://allaboutalpha.com/blog/2008/11/05/on-the-road-to-alpha-its-okay-to-ask-for-directions/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/05/on-the-road-to-alpha-its-okay-to-ask-for-directions/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 03:00:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Featured Post]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3652</guid>
		<description><![CDATA[With acrimony over hedge funds reaching a feverish pitch, AIMA has just released a major report that tries to take a step back from the brink to revisit the very rationale for alternative investments.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/05/on-the-road-to-alpha-its-okay-to-ask-for-directions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Overlay hedging&#8221; in funds of funds improves alpha: Edhec</title>
		<link>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 01:34:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3636</guid>
		<description><![CDATA[A research paper by Edhec details a technique that might have helped some funds of funds navigate through this year's September from hell.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Born Free: Benchmark hedging liberates your risk budget</title>
		<link>http://allaboutalpha.com/blog/2008/10/24/born-free-benchmark-hedging-liberates-your-risk-budget/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/24/born-free-benchmark-hedging-liberates-your-risk-budget/#comments</comments>
		<pubDate>Sat, 25 Oct 2008 01:19:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Sponsored Content]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3592</guid>
		<description><![CDATA[BY TRISTRAM LETT, MANAGING DIRECTOR, ABSOLUTE RETURN STRATEGIES, INTEGRA CAPITAL CORPORATION -   Benchmark hedging, a process designed to reduce the investment risk in a benchmark, is not new. However, doing it successfully and efficiently is. This article has two parts: in the first we explore the process of benchmark hedging and how it is possible [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/24/born-free-benchmark-hedging-liberates-your-risk-budget/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Harry Kat</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/harry-kat/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/harry-kat/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:45:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Hedge Fund Researchers]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2308</guid>
		<description><![CDATA[Harry Kat
Professor of Risk Management at the Cass Business School at City University, London. Before returning to academia, he was Head of Equity Derivatives Europe at Bank of America in London, Head of Derivatives Structuring and Marketing at First Chicago in Tokyo and Head of Derivatives Research at MeesPierson in Amsterdam.
The Alternative Investment Research Centre [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/harry-kat/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Investment Research Centre, Cass Business School</title>
		<link>http://allaboutalpha.com/blog/2008/07/14/alternative-investment-research-centre-cass-business-school/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/14/alternative-investment-research-centre-cass-business-school/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 00:20:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Institutes]]></category>
		<category><![CDATA[Resources]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2282</guid>
		<description><![CDATA[Alternative Investment Research Centre, Cass Business School
Director: Harry Kat, harry [at] airc [dot] info
From the Institute&#8217;s Website: The Alternative Investments Research Centre (AIRC) aims to generate practical answers to practical questions concerning alternative investments and their role in investment portfolios. The AIRC does so by acting as a clearing-house for data and research ideas between [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/14/alternative-investment-research-centre-cass-business-school/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: Survey of hedge fund professionals finds 130/30 &#8220;minor discussion within larger context&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/05/04/survey-of-hedge-fund-professionals-13030-minor-discussion-within-larger-context/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/04/survey-of-hedge-fund-professionals-13030-minor-discussion-within-larger-context/#comments</comments>
		<pubDate>Mon, 05 May 2008 00:49:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/05/04/survey-of-hedge-fund-professionals-13030-minor-discussion-within-larger-context/</guid>
		<description><![CDATA[Several surveys have probed investors and managers about 130/30.  But a new poll of nearly 500 alternative investment professionals contains some new insights. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/04/survey-of-hedge-fund-professionals-13030-minor-discussion-within-larger-context/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Converting the Sun&#8217;s Energy into Alpha</title>
		<link>http://allaboutalpha.com/blog/2008/04/06/converting-the-suns-energy-into-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/06/converting-the-suns-energy-into-alpha/#comments</comments>
		<pubDate>Mon, 07 Apr 2008 02:00:53 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/06/converting-the-suns-energy-into-alpha/</guid>
		<description><![CDATA[Can new technologies, investment vehicles, and financial markets coupled with many investors with "extra-economic" motivations, convert the sun's energy into alpha? ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/06/converting-the-suns-energy-into-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha-centric Newsreel</title>
		<link>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/#comments</comments>
		<pubDate>Fri, 14 Mar 2008 21:23:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[AAA Newsreels]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/</guid>
		<description><![CDATA[Here is a sample of the news stories we didn&#8217;t get a chance to explore in detail this week.  As usual, all of them can be found on the Alpha-ticker above or in the news items section of AllAboutAlpha.com (free registration may be required for a few of these).
Morgan Stanley says Alpha/Beta Separation &#8220;the way [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shadwick to Quants: &#8220;Financial models should come with health warnings!&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/#comments</comments>
		<pubDate>Mon, 10 Mar 2008 01:43:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/</guid>
		<description><![CDATA[Dr. William Shadwick, developer of the Omega Function used in risk management, warns that "over-modeling" has "negative consequences"]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Kat to Jaeger: &#8220;Let&#8217;s skip the nitpicking&#8230;how useful is modern finance theory, really?&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/#comments</comments>
		<pubDate>Wed, 05 Mar 2008 23:57:11 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/</guid>
		<description><![CDATA[In the latest in their ongoing debate, Harry Kat questions Lars Jaeger's reliance on modern finance - a field he calls "utterly disappointing". ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Jaeger Replies to Kat&#8217;s Scepticism on Alternative Beta</title>
		<link>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/#comments</comments>
		<pubDate>Wed, 27 Feb 2008 02:00:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/</guid>
		<description><![CDATA[Lars Jaeger says that Harry Kat's scepticism of alternative beta is based on a number of "inconsistencies" and mathematical short-cuts.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Kat: HF replication using alternative betas very useful but sounds better on paper than in practice</title>
		<link>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/#comments</comments>
		<pubDate>Thu, 21 Feb 2008 01:34:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-%e2%80%9cvery-useful%e2%80%9d-but-%e2%80%9csounds-better-on-paper-than-in-practice%e2%80%9d/</guid>
		<description><![CDATA[Guest contributor Professor Harry Kat examines the creation of alternative beta using mechanical trading rules.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: Survey contains some surprises about how hedge fund managers now view hedge fund replication</title>
		<link>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 19 Feb 2008 00:42:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-%e2%80%9chedge-fund-replication%e2%80%9d/</guid>
		<description><![CDATA[Our exclusive survey of hedge fund managers, investors and consultants reveals how "hedge fund replication" is actually being embraced by some hedge funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: An interview with Prof. Harry Kat about his newest project, &#8220;super-diversification&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/#comments</comments>
		<pubDate>Tue, 12 Feb 2008 02:00:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</guid>
		<description><![CDATA[A European hedge fund manager announced today that it will be using Prof. Harry Kat's "FundCreator" software as a risk management tool.  Kat says it's not about "replication" any more.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Replication de fonds de couverture</title>
		<link>http://allaboutalpha.com/blog/2008/02/04/alternative-viewpoints-replication-de-fonds-de-couverture/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/04/alternative-viewpoints-replication-de-fonds-de-couverture/#comments</comments>
		<pubDate>Mon, 04 Feb 2008 23:15:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/04/alternative-viewpoints-replication-de-fonds-de-couverture/</guid>
		<description><![CDATA[Pierre Saint-Laurent, head of the Canadian Chapter of the CAIA Association tells us why his hometown of Montreal seems to always be punching above its weight. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/04/alternative-viewpoints-replication-de-fonds-de-couverture/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: An Interview with Managers of the World&#8217;s Newest Hedge Fund Replication Product</title>
		<link>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/#comments</comments>
		<pubDate>Fri, 18 Jan 2008 01:00:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/</guid>
		<description><![CDATA[Another major player entered the hedge fund replication game today with a product based on technologies previously used in the machine learning and missle defense industries.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>&#8220;Homemade Hedge Funds&#8221;: Delicious but deadly?</title>
		<link>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/#comments</comments>
		<pubDate>Wed, 09 Jan 2008 01:00:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/</guid>
		<description><![CDATA[There is a lot of talk about how hedge fund returns can be "replicated" using liquid derivatives, swaps, futures, and "exotic beta".  But what about good old-fashioned ETFs?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>2007&#8217;s Top AllAboutAlpha.com Postings</title>
		<link>http://allaboutalpha.com/blog/2007/12/30/2007s-top-allaboutalphacom-postings/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/30/2007s-top-allaboutalphacom-postings/#comments</comments>
		<pubDate>Mon, 31 Dec 2007 01:00:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/30/2007s-top-allaboutalphacom-postings/</guid>
		<description><![CDATA[Missed a few postings here and there? (out of a total of 360 this year).  No worries.  Here is a list of our most popular postings in 2007.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/30/2007s-top-allaboutalphacom-postings/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Unscrambling the performance fee egg yields new insights into hedge fund returns</title>
		<link>http://allaboutalpha.com/blog/2007/11/25/unscrambling-the-performance-fee-egg-yields-new-insights-into-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/25/unscrambling-the-performance-fee-egg-yields-new-insights-into-hedge-fund-returns/#comments</comments>
		<pubDate>Mon, 26 Nov 2007 01:00:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/25/unscrambling-the-performance-fee-egg-yields-new-insights-into-hedge-fund-returns/</guid>
		<description><![CDATA[A new study suggests that some of the characteristics of hedge fund returns are not a result of their investment strategies, but are instead a result of their performance fee model.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/25/unscrambling-the-performance-fee-egg-yields-new-insights-into-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Do individual hedge funds really contain so much beta?</title>
		<link>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/#comments</comments>
		<pubDate>Fri, 23 Nov 2007 01:00:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/</guid>
		<description><![CDATA[One of our favorite institutional asset managers makes familiar argument this week about the high correlation between run of the mill betas and hedge fund indices.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alpha, once beatified, now &#8220;beta-fied&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/#comments</comments>
		<pubDate>Tue, 30 Oct 2007 01:46:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/</guid>
		<description><![CDATA[Hedge funds have traditionally eked out a living by exploiting market inefficiencies to deliver alpha.  But it seems that hedge funds have now also become an important source of "alternative beta".  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paying Tribute to the Clones</title>
		<link>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/#comments</comments>
		<pubDate>Wed, 24 Oct 2007 02:38:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/</guid>
		<description><![CDATA[France's Edhec business school published a succinct summary of hedge fund replication offerings last week.  It's well worth the read - especially if you're a Jedi knight.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Final dispatch from un-named hedge fund gathering in Boston</title>
		<link>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/#comments</comments>
		<pubDate>Mon, 22 Oct 2007 04:27:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[EVENT]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/</guid>
		<description><![CDATA[We conclude our coverage of this "no media" hedge fund conference in Boston with: post-Beijing distress, the "Flying Dutchman" and one half of the "Gilbert and Sullivan" of hedge fund research.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Absolute return&#8221; elite from around globe meet at un-named event&#8230;</title>
		<link>http://allaboutalpha.com/blog/2007/10/16/absolute-return-elite-from-around-globe-meet-at-un-named-event/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/16/absolute-return-elite-from-around-globe-meet-at-un-named-event/#comments</comments>
		<pubDate>Wed, 17 Oct 2007 03:46:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[EVENT]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/16/absolute-return-elite-from-around-globe-meet-at-un-named-event/</guid>
		<description><![CDATA[Alpha Male provides occasional entertainment to crowds who have come to see Nobel laureates Harry Markowitz and Myron Scholes and other luminaries at this "strictly no media" hedge fund gabfest in Boston.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/16/absolute-return-elite-from-around-globe-meet-at-un-named-event/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Canada: &#8220;Come for the gold, but stay for the alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/10/11/canada-come-for-the-gold-but-stay-for-the-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/11/canada-come-for-the-gold-but-stay-for-the-alpha/#comments</comments>
		<pubDate>Fri, 12 Oct 2007 03:00:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/11/canada-come-for-the-gold-but-stay-for-the-alpha/</guid>
		<description><![CDATA[Hedge Funds World Canada - our third conference and third continent in three weeks.  We learn this week that if Canada had a tourism bureau for hedge fund investors, it would be busy telling people they came here for the wrong reasons. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/11/canada-come-for-the-gold-but-stay-for-the-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat rebuts itemized list of criticisms over his approach</title>
		<link>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/#comments</comments>
		<pubDate>Sun, 30 Sep 2007 11:46:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/</guid>
		<description><![CDATA[At a conference last week, Professor Harry Kat of hedge fund replication fame presented a list of his specific rebuttals to 10 criticisms.  He added the audience's feedback to a new article on distributional replication.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication: Day One Re-cap</title>
		<link>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/#comments</comments>
		<pubDate>Wed, 26 Sep 2007 07:22:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/</guid>
		<description><![CDATA[Day 1 of the Hedge Fund Replication &#038; Alternative Beta conference in Geneva was a rip-roaring juggernaut of financial excitement.  If you missed it, we've got all the gory details... ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Heard by the waters of Lake Geneva</title>
		<link>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/#comments</comments>
		<pubDate>Tue, 25 Sep 2007 09:10:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/</guid>
		<description><![CDATA[Heard on the floor at Terrapinn&#8217;s &#8220;Hedge Fund Replication &#38; Alternative Beta&#8221; conference in Geneva so far today&#8230; 
&#8220;His trading process may be &#8220;naive&#8221;, but his fees sure aren&#8217;t!&#8221;
- Professor Harry Kat on the hedge fund replication strategy pursued by another well-known firm.
&#8220;The asset information submitted to any of the databases is absolutely useless.  How many [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q-Group spring 2007 seminar summaries are (almost) all about alpha</title>
		<link>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/#comments</comments>
		<pubDate>Tue, 25 Sep 2007 06:44:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/</guid>
		<description><![CDATA[The storied "Q-Group" of quant rocket scientists has recently posted the summary from its spring 2007 meetings.  We find that most of its 17 pages are dedicated to alpha-centric investing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
<enclosure url="http://easylink.ovsmedia.com/onlinevideoservice/clients/afa/Sharpe_Hi.wvx" length="224" type="video/x-ms-wvx" />
		</item>
		<item>
		<title>AllAboutAlpha.com partners with global HF conference firm on new 130/30 survey</title>
		<link>http://allaboutalpha.com/blog/2007/08/15/allaboutalphacom-partners-with-global-hf-conference-firm-on-new-13030-survey/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/15/allaboutalphacom-partners-with-global-hf-conference-firm-on-new-13030-survey/#comments</comments>
		<pubDate>Wed, 15 Aug 2007 13:28:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/15/allaboutalphacom-partners-with-global-hf-conference-firm-on-new-13030-survey/</guid>
		<description><![CDATA[Visitors to our Events Section may have noticed that many of the world&#8217;s leading conferences on portable alpha, 130/30 and hedge fund replication are organized by Terrapinn or one of its subsidiaries.  Terrapinn&#8217;s events in this area have featured industry leaders such as Harry Kat, Bill Fung, David Hsieh, Rob Arnott, Thomas Schneeweis, Nassim Taleb, Laurence Seigel, Paul [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/15/allaboutalphacom-partners-with-global-hf-conference-firm-on-new-13030-survey/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat: HF Replication is an illusion that will never stick</title>
		<link>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/#comments</comments>
		<pubDate>Mon, 13 Aug 2007 01:00:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/</guid>
		<description><![CDATA[Not content to spend the summer idly relaxing at the beach, 'The Flying Dutchman' Professor Harry Kat, speaks out about what he sees as continuing misconceptions concerning hedge fund replication.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Muggles looking for Hogwarts:  The State of Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/#comments</comments>
		<pubDate>Mon, 06 Aug 2007 01:00:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/</guid>
		<description><![CDATA[With hedge fund risk on all of our minds these days, we invite former hedge fund risk manager Tammer Kamel to comment on hedge fund replicators.  Apparently, he's unconvinced of their wizardry. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The SEC Anti-Fraud-Rule Meeting Highlight Reel</title>
		<link>http://allaboutalpha.com/blog/2007/07/22/the-sec-anti-fraud-meeting-highlight-reel/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/22/the-sec-anti-fraud-meeting-highlight-reel/#comments</comments>
		<pubDate>Mon, 23 Jul 2007 02:00:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/22/the-sec-anti-fraud-meeting-highlight-reel/</guid>
		<description><![CDATA[As many readers will know, the US Securities and Exchange Commission passed a new &#8220;hedge fund&#8221; anti-fraud rule on July 11.  We have poked fun of it a few times &#8211; including in the most recent edition of our &#8220;Alpha Mail&#8221; email update &#8211; because of its apparent redundancy.  It seems to simply confirm that it [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/22/the-sec-anti-fraud-meeting-highlight-reel/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
<enclosure url="http://www.connectlive.com/events/secopenmeetings/sec-071107-archive.asx" length="222" type="video/x-ms-asf" />
		</item>
		<item>
		<title>Manager finds factor-replication &#8220;blunt&#8221; and distributional-replication &#8220;suspiciously opaque&#8221; &#8211; advocates mechanical trading instead</title>
		<link>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/#comments</comments>
		<pubDate>Fri, 20 Jul 2007 02:00:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/</guid>
		<description><![CDATA[Apparently, the "good old fashioned Kat fight" we predicted yesterday has already begun.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Modified Kat-Palaro HF replication model heralds entry of major new competitor</title>
		<link>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/#comments</comments>
		<pubDate>Thu, 19 Jul 2007 01:00:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/</guid>
		<description><![CDATA[A new paper has just been released on "distributional" hedge fund replication.  But it's not from the method's original developer, Harry Kat.  It proposes some improvements and heralds the entry of a new player in this space.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
<enclosure url="http://www.allaboutalpha.com/doc_bin/cat_fight2.wav" length="9950" type="audio/x-wav" />
		</item>
		<item>
		<title>Gone Fishing</title>
		<link>http://allaboutalpha.com/blog/2007/07/04/gone-fishing/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/04/gone-fishing/#comments</comments>
		<pubDate>Wed, 04 Jul 2007 05:01:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/03/gone-fishing/</guid>
		<description><![CDATA[AllAboutAlpha.com turns one today.  What a perfect time to reflect back on the past year by reading all 130,000 alpha-centric words on our blogolicious website.  (Like watching an entire season of "24" on DVD.)  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/04/gone-fishing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AllAboutAlpha Special Guest Posting by Harry Kat</title>
		<link>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/#comments</comments>
		<pubDate>Mon, 02 Jul 2007 04:01:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/</guid>
		<description><![CDATA[Alpha Male takes a break and turns the mic over to guest poster Professor Harry Kat who explores the commonly-cited phenomenon of hedge fund capital preservation during the 00-03 bear market.  Was it alpha?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>New Edhec HF Replication Research in Limited Release Today</title>
		<link>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/#comments</comments>
		<pubDate>Thu, 28 Jun 2007 03:42:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/</guid>
		<description><![CDATA[Edhec Risk and Asset Management Research Centre released its latest research into hedge fund replication techniques today at a seminar in London.  Its verdict: "attractive" but "unsatisfying".      ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Replicating the Properties of Hedge Fund Returns</title>
		<link>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/#comments</comments>
		<pubDate>Fri, 15 Jun 2007 17:01:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2346</guid>
		<description><![CDATA[By: Nicolas Papageorgiou, Bruno R´emillard, Alexandre Hocquard
Published: June 2007
Abstract: Based on earlier work by Dybvig (1988) and Kat and Palaro (2005), we propose a new approach for evaluating the performance of hedge funds. Although conceptually interesting, the implementation of their model is subject to several drawbacks. In addition to proposing ways to overcome the hedging [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Another warning flag on hedge funds from one of the industry&#8217;s own</title>
		<link>http://allaboutalpha.com/blog/2007/06/11/another-warning-flag-on-hedge-funds-from-one-of-the-industrys-own/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/11/another-warning-flag-on-hedge-funds-from-one-of-the-industrys-own/#comments</comments>
		<pubDate>Tue, 12 Jun 2007 02:30:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/11/another-warning-flag-on-hedge-funds-from-one-of-the-industrys-own/</guid>
		<description><![CDATA[The New York Times reports recently on one hedge fund guru that believes hedge funds have become too correlated with the S&#038;P 500.  But the question remains: which hedge funds and over what period?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/11/another-warning-flag-on-hedge-funds-from-one-of-the-industrys-own/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>AllAboutAlpha Exclusive: New Northwater study finds HF replication techniques to be &#8220;limited&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/#comments</comments>
		<pubDate>Thu, 31 May 2007 22:28:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/</guid>
		<description><![CDATA[The hedge fund industry has taken it on the chin from "hedge fund replicators".  But a new study finds evidence that hedge funds might produce value after all.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>New Deutsche Bank hedge fund replication offering gets both laurels and darts</title>
		<link>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/#comments</comments>
		<pubDate>Mon, 28 May 2007 23:26:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/</guid>
		<description><![CDATA[Deutsche Bank's new Absolute Return Beta Index is apparently trying to take a different tack than its competition.  Unfortunately, however, it may face the same headwinds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Alternative Routes to Hedge Fund Return Replication (Extended Version)</title>
		<link>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/#comments</comments>
		<pubDate>Tue, 15 May 2007 17:37:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2350</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: May 2007
Abstract: With average hedge fund performance steadily deteriorating and equity markets picking up again, interest in hedge fund return replication as a cheaper means of obtaining hedge fund-like returns is growing steadily. Currently, there are various products on offer. Compared to real hedge funds (of funds), all of them [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat Launches New Broadside on Hedge Fund Replicators</title>
		<link>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/#comments</comments>
		<pubDate>Tue, 01 May 2007 00:31:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</guid>
		<description><![CDATA[Professor Harry Kat of the Cass Business School at City University, London, has been a thorn in the side of the hedge fund industry for several years now.  And today (April 30), he released his latest attack on the sector, reserving his sharpest barbs for the hedge fund replicators themselves.  In fact, he concludes his [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EVENT: Alternative Beta &amp; Hedge Fund Replication USA</title>
		<link>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/#comments</comments>
		<pubDate>Tue, 24 Apr 2007 01:18:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/</guid>
		<description><![CDATA[Location: New York
Dates: October 29-31, 2007
Organized by: Terrapinn
Hedge funds aren&#8217;t the only thing replicating these days. February&#8217;s wildly successful &#8220;Alternative Beta &#038; Hedge Fund Replication&#8221; conference in London has replicated itself &#8211; spawning two additional events within the course of a year. Both carry the same title and bring this hot topic to the shores [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>L&#8217;habitant: &#8220;Majority of hedge funds selling beta at the price of alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/#comments</comments>
		<pubDate>Tue, 17 Apr 2007 22:05:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/</guid>
		<description><![CDATA[Edhec Business School researcher and hedge fund practitioner, Francois-Serge L'habitant doesn't mince words regarding hedge fund replication.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>European institutions ordering less &quot;Vanilla&quot;</title>
		<link>http://allaboutalpha.com/blog/2007/04/04/european-institutions-ordering-less-vanilla/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/04/european-institutions-ordering-less-vanilla/#comments</comments>
		<pubDate>Wed, 04 Apr 2007 21:24:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/04/european-institutions-ordering-less-vanilla/</guid>
		<description><![CDATA[Asset management fees stable but reflect a growing propensity for less plain vanilla products
By: bfinance
Published: April 2, 2007
UK-based institutional investment consultant bfinance released the results from a study of 60 institutional asset management RFPs this week.  Olivier Cassin, Head of Product Development and Research at bfinance says
&#8220;The themes that we are seeing at the moment [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/04/european-institutions-ordering-less-vanilla/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI: Portable Alpha&#8217;s First Cousin</title>
		<link>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/#comments</comments>
		<pubDate>Wed, 28 Mar 2007 00:49:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/</guid>
		<description><![CDATA[On the family tree of modern investment management â€œLDIâ€ and â€œPortable Alphaâ€ are first cousins.  Unfortunately, familial affection doesnâ€™t necessarily go both ways.  But LDI is doing fine, thanks. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What&#8217;s it, All About Alpha.</title>
		<link>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/#comments</comments>
		<pubDate>Sat, 24 Mar 2007 15:55:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/</guid>
		<description><![CDATA[The Economist continues its glacial progression toward acceptance of hedge funds.  Check out this week's edition for a column on hedge fund factor replication - or click below.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Professor Harry Kat Responds to EDHEC Study on Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/#comments</comments>
		<pubDate>Thu, 15 Mar 2007 22:00:06 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/</guid>
		<description><![CDATA[After yesterday&#8217;s story on EDHEC&#8217;s new hedge fund replication research, we were curious about Harry Kat&#8217;s take. With some cajoling by us, Professor Kat responds below
By: Prof. Harry Kat, Cass Business School, City University (London)
In a recent interview published at All About Alpha and a research paper presented at the Edhec Asset Management Days in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>EDHEC Presents Much-Anticipated Hedge Fund Replication Study in Geneva</title>
		<link>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/#comments</comments>
		<pubDate>Wed, 14 Mar 2007 02:20:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/</guid>
		<description><![CDATA[Hedge Fund Replication: Old theory, new interest, inconclusive results
Consultant and journalist Pierre Saint-Laurent* continues his coverage of EDHEC&#8217;s Asset Management Days in Geneva this week for All About Alpha.  On Tuesday, he attended a much anticipated presentation on hedge fund replication featuring researchers NoÃ«l Amenc, Jean-Christophe Meyfredi, FranÃ§ois-Serge Lhabitant and Walter GÃ©hin.  Other industry leaders** joined [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>All About Alpha Exclusive: An interview with EDHEC&#8217;s Lionel Martellini</title>
		<link>http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/#comments</comments>
		<pubDate>Tue, 13 Mar 2007 01:38:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/</guid>
		<description><![CDATA[A Martini with Martellini
Consultant and journalist Pierre Saint-Laurent* covers EDHEC&#8217;s Asset Management Days in Geneva this week for All About Alpha.  On Monday, he sat down with EDHEC&#8217;s Lionel Martellini to have a frank discussion about hedge fund replication in advance of Martellini&#8217;s much anticipated presentation on Tuesday.
Martellini, one of the top EDHEC researchers, is the co-author [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>All About Alpha Exclusive: An interview with Alexander Ineichen, author of &#8220;Asymmetric Returns&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/03/07/all-about-alpha-exclusive-an-interview-with-alexander-ineichen-author-of-asymmetric-returns/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/07/all-about-alpha-exclusive-an-interview-with-alexander-ineichen-author-of-asymmetric-returns/#comments</comments>
		<pubDate>Thu, 08 Mar 2007 02:49:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/07/all-about-alpha-exclusive-an-interview-with-alexander-ineichen-author-of-asymmetric-returns/</guid>
		<description><![CDATA[With their perfectly-timed trains and neatly-arranged homes, the Swiss are big fans of symmetry.  This makes UBS&#8217;s resident hedge fund guru Alexander Ineichen all the more of an anomaly.  His book Asymmetric Returns has been garnering a lot of attention not because it espouses order and regularity, but because it so vocally challenges the status quo, refutes conventional wisdom and, well, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/07/all-about-alpha-exclusive-an-interview-with-alexander-ineichen-author-of-asymmetric-returns/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Kat: Why Accurately Replicated Hedge Fund Indices Won&#8217;t Do You Much Good</title>
		<link>http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/#comments</comments>
		<pubDate>Sat, 03 Mar 2007 20:13:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/</guid>
		<description><![CDATA[&#8220;Kat&#8217;s Meow&#8221; &#8211; An occasional guest column for AllAboutAlpha
By: Professor Harry Kat, Cass Business School, City University (London)
Judging by the number of investment banks and asset managers jumping on the bandwagon, the media attention and the number of forthcoming conferences on the subject, hedge fund replication has definitely arrived in 2007. However, since it is [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>New Putnam Lovell report: alternative managers one-third of all asset management M&amp;A in</title>
		<link>http://allaboutalpha.com/blog/2007/02/27/new-putnam-lovell-report-alternative-managers-one-third-of-all-asset-management-ma-in-06/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/27/new-putnam-lovell-report-alternative-managers-one-third-of-all-asset-management-ma-in-06/#comments</comments>
		<pubDate>Tue, 27 Feb 2007 23:45:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/27/new-putnam-lovell-report-alternative-managers-one-third-of-all-asset-management-ma-in-06/</guid>
		<description><![CDATA[According to a study released today by investment bank Putnam Lovell NBF, alternative asset managers represented nearly one-third of all acquisitions in the asset management industry in 2006 (59 transactions totaling $175 billion).  In part, the firm chalks this record number up to increased demand for absolute return products:
&#8220;Demand for absolute return continues to rise: institutional [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/27/new-putnam-lovell-report-alternative-managers-one-third-of-all-asset-management-ma-in-06/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What About &#8220;Mutual Fund Replication&#8221;?</title>
		<link>http://allaboutalpha.com/blog/2007/02/25/what-about-mutual-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/25/what-about-mutual-fund-replication/#comments</comments>
		<pubDate>Mon, 26 Feb 2007 01:49:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/25/what-about-mutual-fund-replication/</guid>
		<description><![CDATA[We&#8217;ve covered a lot of developments in the so-called &#8220;hedge fund replication&#8221; field.  But switching gears now, we&#8217;d like to look at what amounts to &#8220;mutual fund replication&#8221;.  Sure, hedge funds aim to provide a high proportion of alpha in their returns, but hedge funds don&#8217;t have a monopoly on alpha.  In fact, as the chart in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/25/what-about-mutual-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&quot;Of Market Makers and Hedge Funds&quot;</title>
		<link>http://allaboutalpha.com/blog/2007/02/23/of-market-makers-and-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/23/of-market-makers-and-hedge-funds/#comments</comments>
		<pubDate>Sat, 24 Feb 2007 01:38:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/23/of-market-makers-and-hedge-funds/</guid>
		<description><![CDATA[&#8220;Kat&#8217;s Meow&#8221;
By: Harry M. Kat, The Cass Business School, City University (London) 
David and Ken both work for a large market making firm and both have the same dream: to start their own company. One day, David decides to quit his job and start a traditional market-making company. He puts in $10m of his own money and finds [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/23/of-market-makers-and-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bernstein Goes to Bat for &#8220;C.R.A.P.&#8221; CAPM</title>
		<link>http://allaboutalpha.com/blog/2007/02/20/bernstein-goes-to-bat-for-crap-capm/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/20/bernstein-goes-to-bat-for-crap-capm/#comments</comments>
		<pubDate>Wed, 21 Feb 2007 01:51:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/20/bernstein-goes-to-bat-for-crap-capm/</guid>
		<description><![CDATA[The weekly investment newsletter &#8220;Outside the Box&#8221; picks up where a previous edition left off &#8211; with James Montier&#8217;s assertion that &#8220;CAPM is CRAP&#8220;.  This week&#8217;s edition contains an interview with Peter Bernstein and James Montier conducted by Kathryn Welling.  As newsletter editor John Mauldin correctly observes, the article is &#8220;double the length of normal&#8221;.  Mauldin bills [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/20/bernstein-goes-to-bat-for-crap-capm/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication: Thoughts from the &quot;Engine Room&quot;</title>
		<link>http://allaboutalpha.com/blog/2007/02/20/hedge-fund-replication-thoughts-from-the-engine-room/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/20/hedge-fund-replication-thoughts-from-the-engine-room/#comments</comments>
		<pubDate>Wed, 21 Feb 2007 01:47:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/20/hedge-fund-replication-thoughts-from-the-engine-room/</guid>
		<description><![CDATA[A senior executive with a multi-billion dollar hedge fund firm writes us with reflections on last week&#8217;s &#8220;Hedge Fund Replication and Alternative Beta&#8221; conference in London.
Dear (Alpha Male), 
&#8230;a few thoughts regarding the wonderful world of replication:
1) Just what is being replicated? My understanding &#8211; limited so far &#8211; is that Fung, Hsieh, Kat, et [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/20/hedge-fund-replication-thoughts-from-the-engine-room/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>EVENT: 3rd Annual Hedge Fund Performance &amp; Risk Measurement Event</title>
		<link>http://allaboutalpha.com/blog/2007/02/19/event-3rd-annual-hedge-fund-performance-risk-measurement-event/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/19/event-3rd-annual-hedge-fund-performance-risk-measurement-event/#comments</comments>
		<pubDate>Mon, 19 Feb 2007 23:07:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/19/event-3rd-annual-hedge-fund-performance-risk-measurement-event/</guid>
		<description><![CDATA[Dates: April 17-18, 2007
Location: New York
Organized by: Institutional Investor Events
&#8220;Anything worth doing is worth measuring&#8221;, they say.  With so many potential ways to skin the alpha cat, it&#8217;s probably a good idea to stop by ii&#8217;s upcoming event on performance and risk measurement if you&#8217;re in town in mid-April. 
Says ii:
&#8220;Risk is inherent in Hedge Funds but recent events have shed [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/19/event-3rd-annual-hedge-fund-performance-risk-measurement-event/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Homework&#8221; is the Only Route to True Alpha</title>
		<link>http://allaboutalpha.com/blog/2007/02/16/kat-homework-is-the-only-route-to-true-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/16/kat-homework-is-the-only-route-to-true-alpha/#comments</comments>
		<pubDate>Sat, 17 Feb 2007 02:23:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/16/kat-homework-is-the-only-route-to-true-alpha/</guid>
		<description><![CDATA[Professor Harry Kat has been quoted extensively in the media and has become somewhat synonymous with hedge fund replication.  He has quickly developed a reputation for his irreverent views and his colourful commentary on the state of the hedge fund industry.  Love him or hate him, he&#8217;s got plenty of opinions to go around.  So &#8220;who better to write for a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/16/kat-homework-is-the-only-route-to-true-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Flying Dutchman Portends Doom for Hedge Fund Industry</title>
		<link>http://allaboutalpha.com/blog/2007/02/13/flying-dutchman-portends-doom-for-hedge-fund-industry/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/13/flying-dutchman-portends-doom-for-hedge-fund-industry/#comments</comments>
		<pubDate>Wed, 14 Feb 2007 00:57:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/13/flying-dutchman-portends-doom-for-hedge-fund-industry/</guid>
		<description><![CDATA[The Flying Dutchman is a legendary ghost ship that is believed to be a sign of imminent doom for mariners.  This fact is surely not lost on Dutchman Harry Kat, who today flew into London&#8217;s Landmark Hotel and launched a blistering attack on hedge funds at major hedge fund conference - questioning the industry&#8217;s very existence.  Kat claims [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/13/flying-dutchman-portends-doom-for-hedge-fund-industry/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alternative Beta Conference Notebook</title>
		<link>http://allaboutalpha.com/blog/2007/02/12/alternative-beta-conference-notebook/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/12/alternative-beta-conference-notebook/#comments</comments>
		<pubDate>Tue, 13 Feb 2007 02:20:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/12/alternative-beta-conference-notebook/</guid>
		<description><![CDATA[ART, meet ABI&#8230;
Picking up on Goldman Sach&#8217;s Absolute Return Tracker and Merrill Lynch&#8217;s Equity Volatility Arbitrage Index, JPMorgan is now in the hedge fund replication game.
Their new Alternative Beta Index now adds ABI to ART and &#8220;EVAI&#8221; in the hedge fund replication lexicon. The product was developed with the help of Duke&#8217;s David Hsieh and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/12/alternative-beta-conference-notebook/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund replication is &#8220;imitation crab meat&#8221; according to major hedge fund company</title>
		<link>http://allaboutalpha.com/blog/2007/02/09/hedge-fund-replication-is-imitation-crab-meat-according-to-major-hedge-fund-company/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/09/hedge-fund-replication-is-imitation-crab-meat-according-to-major-hedge-fund-company/#comments</comments>
		<pubDate>Sat, 10 Feb 2007 02:26:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/09/hedge-fund-replication-is-imitation-crab-meat-according-to-major-hedge-fund-company/</guid>
		<description><![CDATA[Apparently, there are different takes on hedge fund replication &#8211; as evidenced by the contrasting views of AlphaSwiss Group and Professor Harry Kat.   But a vigilent reader of AllAboutAlpha recently sent us the Q4 investor letter from a prominent fund of hedge funds company that contained a third point of view.  In the letter, the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/09/hedge-fund-replication-is-imitation-crab-meat-according-to-major-hedge-fund-company/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>AlphaSwiss Group to Harry Kat: Not So Fast&#8230;</title>
		<link>http://allaboutalpha.com/blog/2007/02/07/alphaswiss-group-to-harry-kat-not-so-fast/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/07/alphaswiss-group-to-harry-kat-not-so-fast/#comments</comments>
		<pubDate>Thu, 08 Feb 2007 01:26:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/07/alphaswiss-group-to-harry-kat-not-so-fast/</guid>
		<description><![CDATA[Special to AllAboutAlpha.com
By: Maurus Bossi, Chairman &#038; CEO, AlphaSwiss Group
We have been reading your blog with interest and we think that we might also be able to add some thoughts on the discussion about alternative beta. We also think that our view is quite different from the hedge fund replication group and Harry Kat&#8217;s view on [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/07/alphaswiss-group-to-harry-kat-not-so-fast/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alternative Beta: Old Wine in New Bottles</title>
		<link>http://allaboutalpha.com/blog/2007/02/04/alternative-beta-old-wine-in-new-bottles/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/04/alternative-beta-old-wine-in-new-bottles/#comments</comments>
		<pubDate>Sun, 04 Feb 2007 23:34:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/04/alternative-beta-old-wine-in-new-bottles/</guid>
		<description><![CDATA[By: Guest Contributor to AllAboutAlpha, Professor Harry Kat, Cass Business School, City University (London)
February 4, 2007 &#8211; Currently, there is a lot of talk among investment practitioners about &#8220;Alternative Beta&#8221;, with the latter roughly defined as the return derived from exposure to &#8220;alternative&#8221; risk sources. The way in which Alternative Beta is being presented in the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/04/alternative-beta-old-wine-in-new-bottles/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Managers Glorified Coin-Tossers?</title>
		<link>http://allaboutalpha.com/blog/2007/02/03/hedge-fund-managers-glorified-coin-tossers/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/03/hedge-fund-managers-glorified-coin-tossers/#comments</comments>
		<pubDate>Sun, 04 Feb 2007 04:24:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/03/hedge-fund-managers-glorified-coin-tossers/</guid>
		<description><![CDATA[&#8220;To the point: Hedge funds have no science but to bet on heads or tails&#8221;
By: Edmond Warner, Daily Telegraph
Published: February 1, 2007
This article suggests that hedge funds, under pressure to perform, are simply levering-up 50/50 (&#8221;fair&#8221;) bets.  According to its author, hedge funds use &#8220;pseudo-scientific investment models that are no more than cottage industry gambles&#8221;. Unfortunately, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/03/hedge-fund-managers-glorified-coin-tossers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Professor Harry Kat Speaks Out: Hedge Fund &#8220;Replication&#8221; a Misnomer</title>
		<link>http://allaboutalpha.com/blog/2007/01/19/professor-harry-kat-speaks-out-hedge-fund-replication-a-misnomer/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/19/professor-harry-kat-speaks-out-hedge-fund-replication-a-misnomer/#comments</comments>
		<pubDate>Fri, 19 Jan 2007 22:21:28 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/19/professor-harry-kat-speaks-out-hedge-fund-replication-a-misnomer/</guid>
		<description><![CDATA[Professor Harry Kat of City University, London has the hedge fund industry in a tizzy about what has become known as his hedge fund &#8220;replication&#8221; technique.  Today, he straightens out the record with the following statement:
&#8220;Since the launch of FundCreator we have received various emails from people who, put simply, stated that &#8216;You guys are [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/19/professor-harry-kat-speaks-out-hedge-fund-replication-a-misnomer/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Most Hedge Investors Dissatisfied with Funds</title>
		<link>http://allaboutalpha.com/blog/2007/01/11/most-hedge-investors-dissatisfied-with-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/11/most-hedge-investors-dissatisfied-with-funds/#comments</comments>
		<pubDate>Fri, 12 Jan 2007 04:08:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/11/most-hedge-investors-dissatisfied-with-funds/</guid>
		<description><![CDATA[By: Riva Froymovich, Investment News
Published: January 11, 2007
We are fans of Investment News, but take issue with this characterization of the Deutsche Bank hedge fund survey released yesterday.  Here&#8217;s the survey itself and here&#8217;s why you need to read it before forming your own opinion:
First and foremost, approximately half of survey respondents were funds of hedge funds.  [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/11/most-hedge-investors-dissatisfied-with-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Financial &#8220;Period of Enlightenment&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/01/09/a-financial-period-of-enlightenment/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/09/a-financial-period-of-enlightenment/#comments</comments>
		<pubDate>Wed, 10 Jan 2007 02:15:06 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/09/a-financial-period-of-enlightenment/</guid>
		<description><![CDATA[This is the second of three postings we plan on Alexander Ineichen&#8217;s new book Asymmetric Returns.  In it, Ineichen argues that alpha is the result, not of security-selection per se, but of downside risk mitigation.  Ineichen argues that we are experiencing a &#8220;paradigm shift&#8221; or &#8220;period of enlightenment&#8221; in asset management.  So if you like this blog, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/09/a-financial-period-of-enlightenment/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Future of Mutual Fund Ratings:</title>
		<link>http://allaboutalpha.com/blog/2006/12/17/the-future-of-mutual-fund-ratings-its-all-about-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/17/the-future-of-mutual-fund-ratings-its-all-about-alpha/#comments</comments>
		<pubDate>Mon, 18 Dec 2006 01:19:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/17/the-future-of-mutual-fund-ratings-its-all-about-alpha/</guid>
		<description><![CDATA[This article in Investment News highlights the evolving nature of fund ratings.  Says Investment News:
&#8220;Mutual fund tracker Lipper Inc. is evaluating plans to overhaul its fund classification system, a move that could pose formidable competition to rival Morningstar Inc. 
&#8220;The new classification system would take into account a fund&#8217;s volatility relative to its benchmark, as [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/17/the-future-of-mutual-fund-ratings-its-all-about-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication the FundCreator Way: Efficient hedge fund indexation without hedge funds</title>
		<link>http://allaboutalpha.com/blog/2006/12/15/hedge-fund-replication-the-fundcreator-way-efficient-hedge-fund-indexation-without-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/15/hedge-fund-replication-the-fundcreator-way-efficient-hedge-fund-indexation-without-hedge-funds/#comments</comments>
		<pubDate>Fri, 15 Dec 2006 17:59:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2358</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: December 2006
Abstract: Disappointing performance is leading hedge fund investors to look for cheaper alternatives. Hedge fund indexation has been suggested as a possible solution. Unfortunately, investable hedge fund indices are nothing more than funds of funds in disguise, with performance similar or even worse than real funds of funds. The [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/15/hedge-fund-replication-the-fundcreator-way-efficient-hedge-fund-indexation-without-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Attack of the Clones (Again)</title>
		<link>http://allaboutalpha.com/blog/2006/12/06/attack-of-the-clones/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/06/attack-of-the-clones/#comments</comments>
		<pubDate>Thu, 07 Dec 2006 00:47:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/06/attack-of-the-clones/</guid>
		<description><![CDATA[By: Marc Hogan, Business Week
Published: December 4, 2006
It&#8217;s official!  We&#8217;ve run out of colourful headlines about hedge fund &#8220;clones&#8221;.  What was once a headline editor&#8217;s dream has quickly become a clone itself.  (see &#8220;Attack of the Clones May Hurt Hedge Funds&#8221; &#8211; Nov. 21,  &#8221;An attack of the clones could spell end of 2 and 20&#8221; [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/06/attack-of-the-clones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Superstars or Average Joes?  A Replication-Based Performance Evaluation Of 1917 Individual Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2006/11/30/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/30/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds/#comments</comments>
		<pubDate>Thu, 30 Nov 2006 23:39:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/30/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds/</guid>
		<description><![CDATA[By: Harry Kat &#38; Helder Palaro, Cass Business School, City University London
Published: February 3, 2006
This paper is the third and final installment of our &#8220;Harry Kat Trilogy&#8221; this week.  In it, Kat &#38; Palaro apply their methodology to individual hedge funds (as opposed to funds of funds as they did in earlier research).
It is quite apparent from [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/30/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Who Needs Hedge Funds?  A Copula-Based Technique for Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/#comments</comments>
		<pubDate>Wed, 29 Nov 2006 03:07:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/</guid>
		<description><![CDATA[By: Harry Kat &#38; Helder Palaro, Cass Business School, City University London
Published: November 23, 2005
Kat &#38; Palaro&#8217;s hedge fund replication technique was first introduced in this 2005 paper.  In it, they chronicle the performance-fueled genesis of today&#8217;s hedge fund industry and then juxtapose this against the recent trend toward hedge funds as a diversifier, not simply a return [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Synthetic Funds and the Mongolian Barbeque</title>
		<link>http://allaboutalpha.com/blog/2006/11/26/synthetic-funds-and-the-mongolian-barbeque/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/26/synthetic-funds-and-the-mongolian-barbeque/#comments</comments>
		<pubDate>Mon, 27 Nov 2006 03:58:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/26/synthetic-funds-and-the-mongolian-barbeque/</guid>
		<description><![CDATA[By: Harry Kat &#38; Helder Palaro, Cass Business School, City University London
Published: August 7, 2006
As we&#8217;ve recently noted, one of the spiritual leaders of the emerging &#8220;hedge fund cloning movement&#8221; is Professor Harry Kat of the Cass Business School at City University in London.
Professor Kat has written a series of papers in the past 2 years [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/26/synthetic-funds-and-the-mongolian-barbeque/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Cloning to &#8220;Turn Industry Upside Down&#8221;</title>
		<link>http://allaboutalpha.com/blog/2006/11/23/hedge-fund-cloning-to-turn-industry-upside-down/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/23/hedge-fund-cloning-to-turn-industry-upside-down/#comments</comments>
		<pubDate>Thu, 23 Nov 2006 05:03:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/23/hedge-fund-cloning-to-turn-industry-upside-down/</guid>
		<description><![CDATA[International hedge fund celebrity, Lars Jaegar (see research) told Dailyii on Tuesday that hedge fund cloning could have a &#8220;dramatic effect&#8221; on the industry.  He went on to say &#8221;This is going to turn the industry upside down&#8221;. 
MIT&#8217;s Andrew Lo (see research) agrees, telling FT his cloning process aims &#8220;to threaten existing hedge funds that disguise [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/23/hedge-fund-cloning-to-turn-industry-upside-down/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>DJI plans hedge fund &#8216;clone&#8217; launch</title>
		<link>http://allaboutalpha.com/blog/2006/11/14/dji-plans-hedge-fund-clone-launch/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/14/dji-plans-hedge-fund-clone-launch/#comments</comments>
		<pubDate>Tue, 14 Nov 2006 14:11:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/14/dji-plans-hedge-fund-clone-launch/</guid>
		<description><![CDATA[By: Steve Johnson, FT.com
Published: November 13, 2006
It was bound to happen.  According to FT, Dow Jones is planning a hedge fund clone so we can invest &#8220;without having to pay the high fees demanded by the industry, typically a 2 per cent annual fee and a 20 per cent performance fee.&#8221;
But waaaaaait a second&#8230;We&#8217;ve seen this movie [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/14/dji-plans-hedge-fund-clone-launch/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EVENT: EDHEC Business</title>
		<link>http://allaboutalpha.com/blog/2006/10/09/event-edhec-business-schools-etf-summit/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/09/event-edhec-business-schools-etf-summit/#comments</comments>
		<pubDate>Tue, 10 Oct 2006 00:41:28 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/09/event-edhec-business-schools-etf-summit/</guid>
		<description><![CDATA[Date: November 21 &#38; 22, 2006
Location: Paris
Organized By: EDHEC Business School
EDHEC Business School in France has published several top-drawer research papers on the alternative investment industry &#8211; particularly on how institutions ought to view alternatives in the context of an overall portfolio (just try typing &#8220;EDHEC&#8221; into the search box on this page).  This conference tackles portable alpha (a.k.a. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/09/event-edhec-business-schools-etf-summit/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Asset Allocation: Management Style and Performance Measurement</title>
		<link>http://allaboutalpha.com/blog/2006/07/04/asset-allocation-management-style-and-performance-measurement/</link>
		<comments>http://allaboutalpha.com/blog/2006/07/04/asset-allocation-management-style-and-performance-measurement/#comments</comments>
		<pubDate>Wed, 05 Jul 2006 01:09:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=32</guid>
		<description><![CDATA[By: William Sharpe
Published: Journal of Portfolio Management, Winter 1992
The Hedge Fund of Funds Industry, with its focus on unique strategies, manager style and style-drift owes much to this seminal paper by The Man, William Sharpe. 
Excerpt: 

&#8220;It is widely agreed that asset allocation accounts for a large part of the variability in the return on a typical investor&#8217;s portfolio. This is [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/07/04/asset-allocation-management-style-and-performance-measurement/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Superstars or Average Joes? A replication-based performance evaluation of 1917 individual hedge funds</title>
		<link>http://allaboutalpha.com/blog/2006/02/15/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds-2/</link>
		<comments>http://allaboutalpha.com/blog/2006/02/15/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds-2/#comments</comments>
		<pubDate>Wed, 15 Feb 2006 18:23:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2364</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: February 2006
Abstract: In this paper we use the hedge fund return replication technique recently introduced by Kat and Palaro (2005) to evaluate the net-of-fee performance of 1917 individual hedge funds. Comparing fund returns with the returns on dynamic futures trading strategies with the same risk and dependence characteristics, we find [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/02/15/superstars-or-average-joes-a-replication-based-performance-evaluation-of-1917-individual-hedge-funds-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Replication and Evaluation of Fund of Hedge Funds Returns</title>
		<link>http://allaboutalpha.com/blog/2006/01/08/replication-and-evaluation-of-fund-of-hedge-funds-returns/</link>
		<comments>http://allaboutalpha.com/blog/2006/01/08/replication-and-evaluation-of-fund-of-hedge-funds-returns/#comments</comments>
		<pubDate>Mon, 09 Jan 2006 02:47:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2767</guid>
		<description><![CDATA[By: Harry M. Kat &#38; Helder P. Palaro 
Published: January 2006
Abstract: In this paper we use the hedge fund return replication technique recently introduced in Kat and Palaro (2005) to evaluate the net-of-fee performance of 485 funds of hedge funds. The results indicate that the majority of funds of funds have not provided their investors [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/01/08/replication-and-evaluation-of-fund-of-hedge-funds-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Who Needs Hedge Funds?  A Copula-Based Approach to Hedge Fund Replication.</title>
		<link>http://allaboutalpha.com/blog/2005/11/15/who-needs-hedge-funds-a-copula-based-approach-to-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2005/11/15/who-needs-hedge-funds-a-copula-based-approach-to-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 15 Nov 2005 18:37:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2370</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: November 2005
Abstract: In this paper we develop and demonstrate the workings of a copula-based technique that allows the derivation of dynamic trading strategies, which generate returns with statistical properties similar to hedge funds. We show that this technique is not only capable of replicating fund of funds returns, but is [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/11/15/who-needs-hedge-funds-a-copula-based-approach-to-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Returns: You Can Make Them Yourself!</title>
		<link>http://allaboutalpha.com/blog/2005/06/15/hedge-fund-returns-you-can-make-them-yourself/</link>
		<comments>http://allaboutalpha.com/blog/2005/06/15/hedge-fund-returns-you-can-make-them-yourself/#comments</comments>
		<pubDate>Wed, 15 Jun 2005 18:51:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2378</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: June 2005
Abstract: By dynamically trading futures in very much the same way as investment banks hedge their OTC option positions it is possible to generate returns that are statistically very similar to the returns generated by hedge funds but without any of the usual drawbacks surrounding alternative investments, i.e. without [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/06/15/hedge-fund-returns-you-can-make-them-yourself/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Impact of Non-Normality Risks and Tactical Trading on Hedge Fund Alphas</title>
		<link>http://allaboutalpha.com/blog/2003/01/01/the-impact-of-non-normality-risks-and-tactical-trading-on-hedge-fund-alphas/</link>
		<comments>http://allaboutalpha.com/blog/2003/01/01/the-impact-of-non-normality-risks-and-tactical-trading-on-hedge-fund-alphas/#comments</comments>
		<pubDate>Wed, 01 Jan 2003 10:30:37 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3827</guid>
		<description><![CDATA[By: Harry M. Kat (Cass Business School) and Joelle Miffre (EDHEC Graduate School of Management)
Published: 2003
Abstract: Most previous tests of hedge fund performance have failed to model the exposure of hedge fund returns to systematic non-normality risks, nor have they taken the tactical asset allocation decisions of hedge funds managers into account. This paper shows [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2003/01/01/the-impact-of-non-normality-risks-and-tactical-trading-on-hedge-fund-alphas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An Excursion into the Statistical Properties of Hedge Fund Returns</title>
		<link>http://allaboutalpha.com/blog/2002/05/09/an-excursion-into-the-statistical-properties-of-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2002/05/09/an-excursion-into-the-statistical-properties-of-hedge-fund-returns/#comments</comments>
		<pubDate>Fri, 10 May 2002 00:38:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2738</guid>
		<description><![CDATA[By: Harry M. Kat (Cass Business School) &#38; Sa Lu (University of Reading)
Published: May 2002
Abstract: This paper provides an overview of the most important statistical properties of individual hedge fund returns. We find that the net-of-fees monthly returns of the average individual hedge fund exhibit significant degrees of negative skewness, excess kurtosis, as well as [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2002/05/09/an-excursion-into-the-statistical-properties-of-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Persistence in Hedge Fund Performance: The True Value of a Track Record</title>
		<link>http://allaboutalpha.com/blog/2002/05/09/persistence-in-hedge-fund-performance-the-true-value-of-a-track-record/</link>
		<comments>http://allaboutalpha.com/blog/2002/05/09/persistence-in-hedge-fund-performance-the-true-value-of-a-track-record/#comments</comments>
		<pubDate>Fri, 10 May 2002 00:13:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2741</guid>
		<description><![CDATA[By: Harry Kat (Cass Business School) and Faye Menexe (University of Reading)
Published: May 2002
Abstract: In this paper we study the persistence and predictability of several statistical parameters of individual hedge fund returns. We find little evidence of persistence in mean returns but do find strong persistence in hedge funds&#8217; standard deviations and their correlation with [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2002/05/09/persistence-in-hedge-fund-performance-the-true-value-of-a-track-record/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
