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	<title>AllAboutAlpha.com &#187; Search Results  &#187;  edhec</title>
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	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
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		<title>Happy Sesquicentennial, Oil!</title>
		<link>http://allaboutalpha.com/blog/2009/10/06/happy-sesquicentennial-oil/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/06/happy-sesquicentennial-oil/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 00:00:17 +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=6451</guid>
		<description><![CDATA[On August 27, 1859, a commercially-viable oil well was drilled just south of a small Pennsylvania town.  It's architects could not have imagined the tempest they unleashed over 150 years later.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/06/happy-sesquicentennial-oil/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Summer of 1,000 Posts: Portable Alpha and Alpha/Beta Separation</title>
		<link>http://allaboutalpha.com/blog/2009/07/26/summer-of-1000-posts-portable-alpha-and-alphabeta-separation/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/26/summer-of-1000-posts-portable-alpha-and-alphabeta-separation/#comments</comments>
		<pubDate>Mon, 27 Jul 2009 00:00:06 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[AAA Newsreels]]></category>
		<category><![CDATA[Featured Post]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4894</guid>
		<description><![CDATA[We had our official archivist pour over the first 1,000 posts to be published at AllAboutAlpha.com in order to bring you a selection of posts on the topic of Portable Alpha and Alpha/Beta Separation.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/26/summer-of-1000-posts-portable-alpha-and-alphabeta-separation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HF managed accounts may not be no-brainer.  May require quarter &#8211; maybe half &#8211; a brain after all.</title>
		<link>http://allaboutalpha.com/blog/2009/06/11/hf-managed-accounts-may-not-be-no-brainer-may-require-quarter-maybe-half-a-brain-after-all/</link>
		<comments>http://allaboutalpha.com/blog/2009/06/11/hf-managed-accounts-may-not-be-no-brainer-may-require-quarter-maybe-half-a-brain-after-all/#comments</comments>
		<pubDate>Fri, 12 Jun 2009 02:33:40 +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=4810</guid>
		<description><![CDATA[Hedge fund managed accounts used to have only "limitations".  Now they have "drawbacks"...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/06/11/hf-managed-accounts-may-not-be-no-brainer-may-require-quarter-maybe-half-a-brain-after-all/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Disentangling the effects of the short bans from those of the broader financial crisis</title>
		<link>http://allaboutalpha.com/blog/2009/05/03/disentangling-the-effects-of-the-short-bans-from-those-of-the-broader-financial-crisis/</link>
		<comments>http://allaboutalpha.com/blog/2009/05/03/disentangling-the-effects-of-the-short-bans-from-those-of-the-broader-financial-crisis/#comments</comments>
		<pubDate>Mon, 04 May 2009 01:02:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4531</guid>
		<description><![CDATA[A recently published study of the short selling bans in Europe concludes that they may have had a greater impact on overall market sentiment than they did on the actual stocks at which they were targeted.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/05/03/disentangling-the-effects-of-the-short-bans-from-those-of-the-broader-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Undesirable Effects of Banning Short Sales</title>
		<link>http://allaboutalpha.com/blog/2009/04/01/the-undesirable-effects-of-banning-short-sales/</link>
		<comments>http://allaboutalpha.com/blog/2009/04/01/the-undesirable-effects-of-banning-short-sales/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 18:47:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4722</guid>
		<description><![CDATA[By: Abraham Lioui, EDHEC Risk and Asset Management Research Centre
Published: April 2009
From summary: An in-depth study of the short-selling market calls into question both the reasons for the decision to ban short selling and the prejudices that weigh on those who short. According to recently published data (for the United States in particular), a large [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/04/01/the-undesirable-effects-of-banning-short-sales/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IOSCO in new HF report: Can&#8217;t we all just get along?</title>
		<link>http://allaboutalpha.com/blog/2009/03/23/iosco-in-new-hf-report-cant-we-all-just-get-along/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/23/iosco-in-new-hf-report-cant-we-all-just-get-along/#comments</comments>
		<pubDate>Tue, 24 Mar 2009 02:48:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4367</guid>
		<description><![CDATA[Last week, the International Organization of Securities Commissions provided its input to the upcoming G-20 Summit.  A full reading reveals a notably diplomatic and balanced view of the role of hedge funds in global financial markets.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/23/iosco-in-new-hf-report-cant-we-all-just-get-along/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Poll suggests &#8220;vintage knowledge&#8221; may be to blame for disinterest in alpha-centric portfolio techniques</title>
		<link>http://allaboutalpha.com/blog/2009/03/16/poll-suggests-vintage-knowledge-may-be-to-blame-for-disinterest-in-alpha-centric-portfolio-techniques/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/16/poll-suggests-vintage-knowledge-may-be-to-blame-for-disinterest-in-alpha-centric-portfolio-techniques/#comments</comments>
		<pubDate>Tue, 17 Mar 2009 03:28:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Editor's Pick]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4346</guid>
		<description><![CDATA[A survey of European investment professionals suggests that out-dated knowledge may be to blame for failure to adopt modern portfolio construction techniques. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/16/poll-suggests-vintage-knowledge-may-be-to-blame-for-disinterest-in-alpha-centric-portfolio-techniques/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge funds said to make a &#8220;social contribution&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/03/04/hedge-funds-said-to-make-a-social-contribution/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/04/hedge-funds-said-to-make-a-social-contribution/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 02:24:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Editor's Pick]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4306</guid>
		<description><![CDATA[For years regulators have been told that hedge funds create systemic risk and social problems.  But with new regulations on the agenda for 2009, governments are starting to hear another side to the story.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/04/hedge-funds-said-to-make-a-social-contribution/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Madoff: A Riot of Red Flags</title>
		<link>http://allaboutalpha.com/blog/2009/01/30/madoff-a-riot-of-red-flags/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/30/madoff-a-riot-of-red-flags/#comments</comments>
		<pubDate>Sat, 31 Jan 2009 00:30:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4218</guid>
		<description><![CDATA[By: Greg N. Gregoriou (SUNY College at Plattsburgh) and Francois Serge Lhabitant (Kedge Capital Fund Management; EDHEC Graduate School of Management; HEC-Lausanne) 
Published: January 2009
Abstract: For more than seventeen years, Bernard Madoff operated what was viewed as one of the most successful investment strategies in the world. This strategy ultimately collapsed in December 2008 in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/30/madoff-a-riot-of-red-flags/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Despite operational risk reporting standards, chasm remains between hedge fund investors and managers</title>
		<link>http://allaboutalpha.com/blog/2009/01/25/despite-operational-risk-reporting-standards-chasm-remains-between-hedge-fund-investors-and-managers/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/25/despite-operational-risk-reporting-standards-chasm-remains-between-hedge-fund-investors-and-managers/#comments</comments>
		<pubDate>Mon, 26 Jan 2009 01:05:01 +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=4129</guid>
		<description><![CDATA[A study released on Friday shows that investors have always been concerned about hedge fund transparency.  But a closer look reveals that investors value different types of transparency to very different extents than their managers.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/25/despite-operational-risk-reporting-standards-chasm-remains-between-hedge-fund-investors-and-managers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>News Roundup: HF demise &#8220;exaggerated&#8221;, attrition data unremarkable, AUM rewinds to &#8216;04</title>
		<link>http://allaboutalpha.com/blog/2009/01/18/news-roundup-hf-demise-exaggerated-attrition-data-unremarkable-aum-rewinds-to-04/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/18/news-roundup-hf-demise-exaggerated-attrition-data-unremarkable-aum-rewinds-to-04/#comments</comments>
		<pubDate>Mon, 19 Jan 2009 00:36:20 +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=4059</guid>
		<description><![CDATA[Just when the fate of the hedge fund industry seemed fixed, several news items remind us that all bets are still off. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/18/news-roundup-hf-demise-exaggerated-attrition-data-unremarkable-aum-rewinds-to-04/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>Alternative Investments for Institutional Investors: Risk Budgeting Techniques in Asset Management and Asset-Liability Management</title>
		<link>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 16:06:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4491</guid>
		<description><![CDATA[By: Noel Amenc, Lionel Martellini, Volker Ziemann (Edhec)
Published: January 2009
Abstract: This paper presents an empirical analysis of the benefits of alternative forms of investment strategies from an assetliability management perspective. Using a vector error correction model (VECM) that explicitly distinguishes between shortterm and long-term dynamics in the joint distribution of asset returns and inflation, we [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/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>London Notebook: HF regulations in 1609, VIX to the rescue, and no premature demise for clones</title>
		<link>http://allaboutalpha.com/blog/2008/12/10/london-notebook-hf-regulations-in-1609-vix-to-the-rescue-and-a-premature-demise-for-clones/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/10/london-notebook-hf-regulations-in-1609-vix-to-the-rescue-and-a-premature-demise-for-clones/#comments</comments>
		<pubDate>Wed, 10 Dec 2008 06:34:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3876</guid>
		<description><![CDATA[We're on location in London today reporting on Edhec's annual hedge fund extravaganza.  Like us, this event aims to bridge the gap between academic research and the real world.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/10/london-notebook-hf-regulations-in-1609-vix-to-the-rescue-and-a-premature-demise-for-clones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Despite ongoing skepticism, two-thirds say they are willing to believe in &#8220;hedge fund replication&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 01:24:26 +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=3736</guid>
		<description><![CDATA[Newly-release government UFO files aren't the only controversy pitting skeptics against "believers" these days...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/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>Hedge funds should rue the day that the term &#8220;absolute returns&#8221; was coined</title>
		<link>http://allaboutalpha.com/blog/2008/10/19/hedge-funds-should-rue-the-day-that-the-term-absolute-returns-was-coined/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/19/hedge-funds-should-rue-the-day-that-the-term-absolute-returns-was-coined/#comments</comments>
		<pubDate>Mon, 20 Oct 2008 00:19:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3561</guid>
		<description><![CDATA[Are hedge fund returns supposed to be "absolute" or "relative"?  As it turns out "absolutely relative" may have been a better moniker.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/19/hedge-funds-should-rue-the-day-that-the-term-absolute-returns-was-coined/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Leaving Lake Wobegon</title>
		<link>http://allaboutalpha.com/blog/2008/10/13/leaving-lake-wobegon/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/13/leaving-lake-wobegon/#comments</comments>
		<pubDate>Tue, 14 Oct 2008 01:02:00 +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=3541</guid>
		<description><![CDATA[What faces the asset management after the dust settles?  Hopefully, a sober and renewed examination of alpha across all investments - not a renunciation of it. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/13/leaving-lake-wobegon/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Pros and Cons of Passive Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 19:11:29 +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=4029</guid>
		<description><![CDATA[By: Edhec Risk and Asset Management Centre
Published: October 2008
Abstract: A number of major investment banks and asset management consultants have recently launched investment products that promise to replicate hedge fund returns by following rule-based strategies that invest in liquid financial products. The argument is that such products provide hedge fund like returns while making it [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Indices: Seeing the industry through a prism</title>
		<link>http://allaboutalpha.com/blog/2008/09/04/hedge-fund-indices-seeing-the-industry-through-a-prism/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/04/hedge-fund-indices-seeing-the-industry-through-a-prism/#comments</comments>
		<pubDate>Fri, 05 Sep 2008 02:51:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3344</guid>
		<description><![CDATA[The same industry reports in, but a kaleidoscope of color comes out the other side.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/04/hedge-fund-indices-seeing-the-industry-through-a-prism/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Edhec Asset Management Research Centre</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/edhec-asset-management-research-centre/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/edhec-asset-management-research-centre/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 05:54:32 +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=2334</guid>
		<description><![CDATA[
Edhec Asset Management Research Centre
Director: Noel Amenc, noel [dot] amenc [at] edhec [dot] edu
From the Institute’s Website: The EDHEC-Risk web site is based on a simple idea but one which provides a structure for all of EDHEC’s financial research activities: “How to enable professionals to get the most out of asset management research?“. As a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/edhec-asset-management-research-centre/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Francois-Serge Lhabitant</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/francois-serge-lhabitant/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/francois-serge-lhabitant/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:42:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<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=2306</guid>
		<description><![CDATA[Francois-Serge Lhabitant
Associate Professor of Finance at EDHEC Business School, Professor of Finance at the University of Lausanne, and a senior advisor to Kedge Capital Partners
Bio/Contact Information (Edhec)
Research (SSRN)
Interview  (Edhec)
Relevant Postings (AllAboutAlpha.com)
  
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/francois-serge-lhabitant/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lionel Martellini</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/lionel-martellini/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/lionel-martellini/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:33:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<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=2302</guid>
		<description><![CDATA[Lionel Martellini
Professor of Finance at EDHEC Graduate School of Business (since 2003) and the Scientific Director of Edhec Risk and Asset Management Research Centre.  Former member of the faculty at the Marshall School of Business, University of Southern California.
Bio/Contact Information (Edhec)
Research (SSRN)
Relevant Postings (AlAboutAlpha.com)
 
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/lionel-martellini/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: Sustainable Hedge Fund Performance</title>
		<link>http://allaboutalpha.com/blog/2008/03/31/alternative-viewpoints-sustainable-hedge-fund-performance/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/31/alternative-viewpoints-sustainable-hedge-fund-performance/#comments</comments>
		<pubDate>Tue, 01 Apr 2008 02:06:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/31/alternative-viewpoints-sustainable-hedge-fund-performance/</guid>
		<description><![CDATA[Identifying persistent returns can be done with the naked eye.  But identifying persistent alpha?  That's a different ball game according one researcher. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/31/alternative-viewpoints-sustainable-hedge-fund-performance/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Portfolio Selection with Modified Expected Shortfall</title>
		<link>http://allaboutalpha.com/blog/2008/02/29/hedge-fund-portfolio-selection-with-modified-expected-shortfall/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/29/hedge-fund-portfolio-selection-with-modified-expected-shortfall/#comments</comments>
		<pubDate>Sat, 01 Mar 2008 00:07:51 +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=3797</guid>
		<description><![CDATA[By: Guidance Capital Management
Published: February 2008
Abstract: Modified Value-at-Risk (VaR) and Expected Shortfall (ES) are recently introduced downside risk estimators based on the Cornish-Fisher expansion for assets such as hedge funds whose returns are non-normally distributed. Modified VaR has been widely implemented as a portfolio selection criterion. We are the first to investigate hedge fund portfolio [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/29/hedge-fund-portfolio-selection-with-modified-expected-shortfall/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The EDHEC European Investment Practices Survey 2008</title>
		<link>http://allaboutalpha.com/blog/2008/01/27/the-edhec-european-investment-practices-survey-2008/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/27/the-edhec-european-investment-practices-survey-2008/#comments</comments>
		<pubDate>Sun, 27 Jan 2008 04:37:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3614</guid>
		<description><![CDATA[By: Edhec Asset Management Research Centre
Published: January 2008
Abstract: Our survey is based on a questionnaire sent to industry participants in Europe from August 2, 2007 to October 1, 2007. The questionnaire generated responses from 229 institutions based in Europe. All 229 respondents specify their activities. A majority of the respondents (54%) are asset management or [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/27/the-edhec-european-investment-practices-survey-2008/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The expanding (alpha) universe</title>
		<link>http://allaboutalpha.com/blog/2007/12/23/how-big-is-the-alpha-universe-now/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/23/how-big-is-the-alpha-universe-now/#comments</comments>
		<pubDate>Mon, 24 Dec 2007 01:00:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/23/how-big-is-the-alpha-universe-now/</guid>
		<description><![CDATA[With the constant flow of hedge fund industry size estimates, it's easy to wonder if the hedge fund industry is going to hit a ceiling at some point.  We consulted one of the experts to find out.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/23/how-big-is-the-alpha-universe-now/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>An academic explanation for the disparity in hedge fund index returns</title>
		<link>http://allaboutalpha.com/blog/2007/12/09/an-academic-explanation-for-the-disparity-in-hedge-fund-index-returns/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/09/an-academic-explanation-for-the-disparity-in-hedge-fund-index-returns/#comments</comments>
		<pubDate>Mon, 10 Dec 2007 01:00:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/09/an-academic-explanation-for-the-disparity-in-hedge-fund-index-returns/</guid>
		<description><![CDATA[While the absolute disparity between various hedge fund indices is small, it is large relative to monthly results and is so heavily scrutinized as a "pulse" on the industry that some important context is required.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/09/an-academic-explanation-for-the-disparity-in-hedge-fund-index-returns/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Edhec hedge fund replication research now online</title>
		<link>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/#comments</comments>
		<pubDate>Mon, 03 Dec 2007 00:59:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/</guid>
		<description><![CDATA[Regular readers may recall this story we did on a research study by Edhec, the French business school, last spring.  The study contained a comprehensive analysis of various so-called hedge fund replication strategies.  At the time we directed you to Edhec if you wanted to buy the whole report since it wasn&#8217;t available to the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Two ways to present &#8220;balance&#8221; in 130/30 discussion</title>
		<link>http://allaboutalpha.com/blog/2007/10/25/two-ways-to-present-balance-in-13030-discussion/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/25/two-ways-to-present-balance-in-13030-discussion/#comments</comments>
		<pubDate>Fri, 26 Oct 2007 01:00:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Media Coverage of Hedge Funds]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/25/two-ways-to-present-balance-in-13030-discussion/</guid>
		<description><![CDATA[Two articles this week aim to provide a "balanced" view of 1X0/X0 funds.  One because its analysis is dispassionate and one because it tries its darndest to create controversy.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/25/two-ways-to-present-balance-in-13030-discussion/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>What a difference a couple of months (and a few cups of coffee) makes</title>
		<link>http://allaboutalpha.com/blog/2007/10/08/what-a-difference-a-couple-of-months-and-a-few-cups-of-coffee-makes/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/08/what-a-difference-a-couple-of-months-and-a-few-cups-of-coffee-makes/#comments</comments>
		<pubDate>Tue, 09 Oct 2007 02:18:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/08/what-a-difference-a-couple-of-months-and-a-few-cups-of-coffee-makes/</guid>
		<description><![CDATA[You'd be excused for thinking the hedge fund world was coming apart at the seams this summer.  But a sober second look at hedge fund coverage reveals that things aren't always as they initially seem.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/08/what-a-difference-a-couple-of-months-and-a-few-cups-of-coffee-makes/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</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>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>The Myths and Limits of Passive Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/#comments</comments>
		<pubDate>Sat, 09 Jun 2007 02:54:01 +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=2766</guid>
		<description><![CDATA[By: Edhec Asset Management Research Centre
Published: June 2007
Abstract: In this paper we provide a detailed critical analysis of various methodologies involved in the so-called passive replication of hedge fund returns, a subject that has sparked renewed interest following recent initiatives by major investment banks such as Merrill Lynch and Goldman Sachs. In particular, we examine [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Style Analysis: A Holding-Based Microscope or Return-Based Telescope?</title>
		<link>http://allaboutalpha.com/blog/2007/05/22/style-analysis-a-holding-based-microscope-or-return-based-telescope/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/22/style-analysis-a-holding-based-microscope-or-return-based-telescope/#comments</comments>
		<pubDate>Wed, 23 May 2007 00:37:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/22/style-analysis-a-holding-based-microscope-or-return-based-telescope/</guid>
		<description><![CDATA[This article on return-based and holding-based analysis reminds us of Victor Hugo's quote "Where the telescope ends, the microscope begins. Which of the two has the grander view?â€]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/22/style-analysis-a-holding-based-microscope-or-return-based-telescope/feed/</wfw:commentRss>
		<slash:comments>1</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>Shedding Light on Alternative Beta: A Volatility and Fixed Income Asset Comparison</title>
		<link>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/#comments</comments>
		<pubDate>Sun, 15 Apr 2007 17:49:05 +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=2354</guid>
		<description><![CDATA[By: David Kuenzi, Edhec
Published: April 2007
Abstract: Volatility is an alternative beta—a risk premium captured by hedge fund managers and investment bank proprietary traders—that is today moving closer to the main stream and should be thought of as a veritable asset class. For many investors, it is difficult to derive intuition as to why volatility should [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/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>Managed Accounts: Not just for breakfast any more</title>
		<link>http://allaboutalpha.com/blog/2007/03/14/managed-accounts-not-just-for-breakfast-any-more/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/14/managed-accounts-not-just-for-breakfast-any-more/#comments</comments>
		<pubDate>Thu, 15 Mar 2007 01:47:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[EVENT]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/14/managed-accounts-not-just-for-breakfast-any-more/</guid>
		<description><![CDATA[Switching focus now from Geneva to New York, Alpha Male reports today on Managed Accounts USA, an event bringing together hedge funds, investors and those who participate in the burgeoning business of providing &#8220;managed accounts platforms&#8221; that some say will give rise to an age of &#8220;do-it-yourself funds of hedge funds&#8221;.
Many of the barbs usually lobbed at hedge funds have [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/14/managed-accounts-not-just-for-breakfast-any-more/feed/</wfw:commentRss>
		<slash:comments>2</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>Event: Managed Accounts USA 2007</title>
		<link>http://allaboutalpha.com/blog/2007/02/19/event-managed-accounts-usa-2007/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/19/event-managed-accounts-usa-2007/#comments</comments>
		<pubDate>Mon, 19 Feb 2007 23:07:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/19/event-managed-accounts-usa-2007/</guid>
		<description><![CDATA[Dates: March 13-15, 2007
Location: New York
Organized by: Terrapinn
The folks who brought you the &#8220;Hedge Funds World&#8221; series and various other hedge funds events (including the recent Alternative Beta shindig in London) say their research shows institutions would allocate more to hedge funds if they could open a separately managed account.  They say this would solve [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/19/event-managed-accounts-usa-2007/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Asset Liability Management Decisions in Private Banking</title>
		<link>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/#comments</comments>
		<pubDate>Thu, 15 Feb 2007 19:18:53 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2390</guid>
		<description><![CDATA[By: Noel Amenc, Lionel Martellini, Volker Ziemann, Edhec
Published: February 2007
Abstract:  High net worth individuals (HNWIs) have numerous characteristics, in terms of assets under management and the sophistication of their requirements, that they share with institutional investors. This is a fact that has long been recognised by the marketing departments of asset management companies and private [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/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>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>Alpha-Centric Investing: Not Just for Institutions Anymore</title>
		<link>http://allaboutalpha.com/blog/2006/12/16/alpha-centric-investing-not-just-for-institutions-anymore/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/16/alpha-centric-investing-not-just-for-institutions-anymore/#comments</comments>
		<pubDate>Sat, 16 Dec 2006 14:06:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/09/alpha-centric-investing-not-just-for-institutions-anymore/</guid>
		<description><![CDATA[Event: Bringing Academic Insights to Wealth Management and Investment Management
Dates: March 13-14, 2007
Location: Geneva
Organized by: EDHEC Risk and Asset Management Research Centre
For those who don&#8217;t believe new asset management techniques such as ALM, portable alpha, and hedge funds have any role in private investors&#8217; portfolios, check out this recently-announced event in Geneva next year.  We agree that [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/16/alpha-centric-investing-not-just-for-institutions-anymore/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Challenge of Hedge Fund Performance Measurement: A Toolbox Rather Than a Pandora&#8217;s Box</title>
		<link>http://allaboutalpha.com/blog/2006/11/08/the-challenge-of-hedge-fund-performance-measurement-a-toolbox-rather-than-a-pandoras-box/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/08/the-challenge-of-hedge-fund-performance-measurement-a-toolbox-rather-than-a-pandoras-box/#comments</comments>
		<pubDate>Thu, 09 Nov 2006 02:27:23 +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=2768</guid>
		<description><![CDATA[By: Edhec Asset Management Research Centre
Published: November 2006
Abstract: This paper, which is being written to provide an overview of the multitude of publications we have seen on hedge fund performance, is the result of a reading and analysis of about 200 studies on this subject. About 50 publications in the most famous journals and working [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/08/the-challenge-of-hedge-fund-performance-measurement-a-toolbox-rather-than-a-pandoras-box/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds: Performance, Risk and Capital Formation</title>
		<link>http://allaboutalpha.com/blog/2006/11/03/hedge-funds-performance-risk-and-capital-formation/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/03/hedge-funds-performance-risk-and-capital-formation/#comments</comments>
		<pubDate>Fri, 03 Nov 2006 03:28:57 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/03/hedge-funds-performance-risk-and-capital-formation/</guid>
		<description><![CDATA[By: Wiliam Fung, London Business School; David Hsieh, Duke University; Narayan Y. Naik, London Business School; Tarun Ramadorai, University of Oxford
Published: July 16, 2006
      
This paper analyses funds of hedge funds and has been widely circulated due to its conclusion that hedge fund alpha is shrinking.  But it also contains a number of other important observations.
For [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/03/hedge-funds-performance-risk-and-capital-formation/feed/</wfw:commentRss>
		<slash:comments>1</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>Can hedge fund indices be classified as financial indices for the purpose of UCITS?</title>
		<link>http://allaboutalpha.com/blog/2006/10/04/can-hedge-fund-indices-be-classified-as-financial-indices-for-the-purpose-of-ucits/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/04/can-hedge-fund-indices-be-classified-as-financial-indices-for-the-purpose-of-ucits/#comments</comments>
		<pubDate>Wed, 04 Oct 2006 20:33:35 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4544</guid>
		<description><![CDATA[By: Committee of European Securities Regulators
Published: October 2006
Abstract: This CESR paper is only an “issues” paper aimed at gathering relevant and precise views from all interested parties. It will not seek to put forward views, even on a preliminary basis, of CESR. Instead this paper is to set out issues for discussion in an open [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/04/can-hedge-fund-indices-be-classified-as-financial-indices-for-the-purpose-of-ucits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha Betting</title>
		<link>http://allaboutalpha.com/blog/2006/09/18/alpha-betting/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/18/alpha-betting/#comments</comments>
		<pubDate>Tue, 19 Sep 2006 01:48:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/18/alpha-betting/</guid>
		<description><![CDATA[By: Alpha Male
Thanks go out to Abnormal Returns for giving Alpha Male a heads-up about a recent Economist article of particular relevance to this blog. (link to article)
The article begins by suggesting that the growth in the ETF Industry and the hedge fund industry are inter-related.
&#8220;From January 1st through to August 31st, the average hedge fund returned just 4.2%, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/18/alpha-betting/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Optimal Mixing of Hedge Funds with Traditional Investments</title>
		<link>http://allaboutalpha.com/blog/2006/09/14/optimal-mixing-of-hedge-funds-with-traditional-investments/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/14/optimal-mixing-of-hedge-funds-with-traditional-investments/#comments</comments>
		<pubDate>Thu, 14 Sep 2006 21:10:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/14/optimal-mixing-of-hedge-funds-with-traditional-investments/</guid>
		<description><![CDATA[By: NoÃ«l Amenc, Edhec Business School &#38; Lionel Martellini, University of Southern California
Published: February 15, 2003
This is a complex academic paper and is tough to read.  However, beginning on page 44, professors Amenc and Martellini discuss mathematical models to determine the optimal amount of hedge funds in a &#8220;core/satellite&#8221; (i.e. portable alpha) investment approach. 
&#8220;Given that [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/14/optimal-mixing-of-hedge-funds-with-traditional-investments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ETFs: An Advanced Alternative to Indexation</title>
		<link>http://allaboutalpha.com/blog/2006/08/28/etfs-an-advanced-alternative-to-indexation/</link>
		<comments>http://allaboutalpha.com/blog/2006/08/28/etfs-an-advanced-alternative-to-indexation/#comments</comments>
		<pubDate>Mon, 28 Aug 2006 15:31:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=201</guid>
		<description><![CDATA[By: Yang Rong
Published: March 6, 2006
Yang Rong&#8217;s observations about ETFs support their use as an alpha-isolation tool by hedge fund managers.  Which begs the question, &#8220;why just hedge funds?&#8221;.
Excerpts: 
&#8220;ETFs are often used for shorting purposes due to their intra-day trading rules, which not only help hedge funds to remove regulatory issues, but also generate revenue from lending [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/08/28/etfs-an-advanced-alternative-to-indexation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trends in Exotic ETFs</title>
		<link>http://allaboutalpha.com/blog/2006/08/28/trends-in-exotic-etfs/</link>
		<comments>http://allaboutalpha.com/blog/2006/08/28/trends-in-exotic-etfs/#comments</comments>
		<pubDate>Mon, 28 Aug 2006 15:31:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=202</guid>
		<description><![CDATA[By: Yang Rong
Published: February 20, 2006
The explosion of the ETF industry now provides many more tools for alpha extraction and porting&#8230; 
Excerpts:
&#8220;Commodity ETFs: Commodities in general are typically a good hedge against inflation and stocks over a sustained period. The value of commodity ETFs is tied directly to the value of the commodity in question.
&#8220;Dividend ETFs: The intention [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/08/28/trends-in-exotic-etfs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mutual Funds: The Good, The Bad and the Ugly&#8230;</title>
		<link>http://allaboutalpha.com/blog/2006/08/28/mutual-funds-the-good-the-bad-and-the-ugly/</link>
		<comments>http://allaboutalpha.com/blog/2006/08/28/mutual-funds-the-good-the-bad-and-the-ugly/#comments</comments>
		<pubDate>Mon, 28 Aug 2006 15:28:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=203</guid>
		<description><![CDATA[By: Noel Amenc, Edhec Business School
Published: April 14, 2006
 
Professor Noel Amenc of the Edhec Business School in France argues for a new way of measuring mutual funds based on alpha/beta seperation (a topic regularly promoted on this website).
Excerpts:
&#8220;With the development of independent distribution and so-called &#8220;open&#8221; architecture, the marketing success of mutual funds no longer [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/08/28/mutual-funds-the-good-the-bad-and-the-ugly/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Success of Alpha</title>
		<link>http://allaboutalpha.com/blog/2006/08/28/the-success-of-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2006/08/28/the-success-of-alpha/#comments</comments>
		<pubDate>Mon, 28 Aug 2006 15:24:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=206</guid>
		<description><![CDATA[By: Europerformance
This article from the website of Europerformance (a European mutual fund ratings agency) argues
a) that alpha is not the sole domain of hedge fund managers (Alpha Male agrees)
b) that advisors need to adopt alpha as a key measure along with return and volatility (Alpha Male agrees), and,
c) that Sharpe&#8217;s style analysis should be used [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/08/28/the-success-of-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>From Delivering to Packaging Alpha</title>
		<link>http://allaboutalpha.com/blog/2006/07/04/from-delivering-to-packaging-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2006/07/04/from-delivering-to-packaging-alpha/#comments</comments>
		<pubDate>Tue, 04 Jul 2006 23:39:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=23</guid>
		<description><![CDATA[By: NoÃ«l Amenc, Philippe Malaise and Lionel Martellini, EDHEC
Published: 2005
Excerpt: 

&#8220;In this paper, &#8220;From Delivering to the Packaging of Alpha. Illustration from Active Bond Portfolio Management: Using Fixed-Income Derivatives to Design Hedge Fund Type Offerings that Better Fit Investors&#8217; Needs&#8221;, the authors emphasize the need for the hedge fund industry to adopt a consumer (investor)-driven approach, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/07/04/from-delivering-to-packaging-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EDHEC and EuroPerformance publish Alpha League Table</title>
		<link>http://allaboutalpha.com/blog/2006/07/04/edhec-and-europerformance-publish-alpha-league-table/</link>
		<comments>http://allaboutalpha.com/blog/2006/07/04/edhec-and-europerformance-publish-alpha-league-table/#comments</comments>
		<pubDate>Tue, 04 Jul 2006 23:32:09 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=20</guid>
		<description><![CDATA[From: HedgeWeek Newsletter
Published: November 18, 2005

&#8220;EDHEC and EuroPerformance have published the Alpha League Table &#8212; the first rankings of European asset management firms&#8217; capacity to deliver alpha.
&#8220;The rankings provide a response to both academic and professional criticism directed at traditional fund ratings. These rely on relative rankings defined within categories that do not take the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/07/04/edhec-and-europerformance-publish-alpha-league-table/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Managing Pension Assets: from Surplus Optimization to Liability-Driven Investment</title>
		<link>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/</link>
		<comments>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/#comments</comments>
		<pubDate>Wed, 15 Mar 2006 19:23:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2392</guid>
		<description><![CDATA[By: Lionel Martellini
Published: March 2006
Abstract: In this paper, we consider an intertemporal portfolio problem in the presence of liability constraints. Using the value of the liability portfolio as a natural numeraire, we find that the solution to this problem involves a three fund separation theorem that provides formal justification to some recent so-called liability-driven investment [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Benefits of Hedge Funds in Asset Liability Management</title>
		<link>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/</link>
		<comments>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/#comments</comments>
		<pubDate>Thu, 15 Sep 2005 19:27:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2394</guid>
		<description><![CDATA[By: Lionel Martellini, Volker Ziemann
Published: September 2005
Abstract: This paper examines the benefits of including hedge funds for investors facing liability constraints. We cast the problem in a stochastic surplus optimisation setup where hedge funds are treated as a complement, and not as an addition, to traditional asset classes, which alleviates the concern over exante modelling [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The right place for alternative betas in hedge fund performance: an answer to the capacity effect fantasy</title>
		<link>http://allaboutalpha.com/blog/2005/06/15/the-right-place-for-alternative-betas-in-hedge-fund-performance-an-answer-to-the-capacity-effect-fantasy/</link>
		<comments>http://allaboutalpha.com/blog/2005/06/15/the-right-place-for-alternative-betas-in-hedge-fund-performance-an-answer-to-the-capacity-effect-fantasy/#comments</comments>
		<pubDate>Wed, 15 Jun 2005 18:48:33 +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=2376</guid>
		<description><![CDATA[By: Walter Gehin; Mathieu Vaissie
Published: June 2005
Abstract: In recent months, concerns have been raised about the profitability prospects for hedge funds. This article argues that market participants&#8217; pessimistic view of the hedge fund industry&#8217;s capacity to generate long-term returns is a direct result of their continued focus on alpha. It illustrates the importance of considering [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/06/15/the-right-place-for-alternative-betas-in-hedge-fund-performance-an-answer-to-the-capacity-effect-fantasy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mitigating Hedge Funds’ Operational Risks: Benefits and Limitations of Managed Account Platforms</title>
		<link>http://allaboutalpha.com/blog/2005/06/01/mitigating-hedge-funds%e2%80%99-operational-risks-benefits-and-limitations-of-managed-account-platforms/</link>
		<comments>http://allaboutalpha.com/blog/2005/06/01/mitigating-hedge-funds%e2%80%99-operational-risks-benefits-and-limitations-of-managed-account-platforms/#comments</comments>
		<pubDate>Wed, 01 Jun 2005 18:59:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4796</guid>
		<description><![CDATA[By: Jean-René Giraud, EDHEC Risk and Asset Management Research Centre
Published: June 2005
From Executive Summary: Operational risk is by far the most complex and intriguing issue investors are dealing with when allocating capital to hedge funds. Due to sophisticated trading strategies, potentially high levels of portfolio turnover, investment in illiquid or difficult to price instruments and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/06/01/mitigating-hedge-funds%e2%80%99-operational-risks-benefits-and-limitations-of-managed-account-platforms/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Management of Hedge Funds’ Operational Risks</title>
		<link>http://allaboutalpha.com/blog/2004/04/01/the-management-of-hedge-funds%e2%80%99-operational-risks/</link>
		<comments>http://allaboutalpha.com/blog/2004/04/01/the-management-of-hedge-funds%e2%80%99-operational-risks/#comments</comments>
		<pubDate>Thu, 01 Apr 2004 18:52:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4794</guid>
		<description><![CDATA[By: Jean-René Giraud, EDHEC Risk and Asset Management Research Centre
Published: April 2004
From introduction: By their very nature, hedge funds allow the investor to be exposed to different risk factors such as volatility, counterparty, or liquidity risk, since this exposure is considered to be a source of superior returns for invested funds. As an example, it [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/04/01/the-management-of-hedge-funds%e2%80%99-operational-risks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Key findings of the Edhec ‘European alternative multi-management practices’ survey</title>
		<link>http://allaboutalpha.com/blog/2003/12/01/key-findings-of-the-edhec-%e2%80%98european-alternative-multi-management-practices%e2%80%99-survey/</link>
		<comments>http://allaboutalpha.com/blog/2003/12/01/key-findings-of-the-edhec-%e2%80%98european-alternative-multi-management-practices%e2%80%99-survey/#comments</comments>
		<pubDate>Mon, 01 Dec 2003 14:44:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4859</guid>
		<description><![CDATA[By: Noel Amenc (Edhec Business School; Misys Asset Management Systems) and Jean-René Giraud (Edhec-Risk Advisory)
Published: December 2003
Abstract: This article provides the key findings of Edhec European Alternative Multi-management Practices Survey. It provides a detailed summary of the results of the survey of the 61 multimanagers carried out, as well as details of the research performed [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2003/12/01/key-findings-of-the-edhec-%e2%80%98european-alternative-multi-management-practices%e2%80%99-survey/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha and Portable Beta Strategies in the Eurozone</title>
		<link>http://allaboutalpha.com/blog/2003/06/09/portable-alpha-and-portable-beta-strategies-in-the-eurozone/</link>
		<comments>http://allaboutalpha.com/blog/2003/06/09/portable-alpha-and-portable-beta-strategies-in-the-eurozone/#comments</comments>
		<pubDate>Mon, 09 Jun 2003 17:47:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2754</guid>
		<description><![CDATA[By: Edhec Asset Management Research Centre
Published: 2003
Abstract: Abstract: While stock picking strategies are in principle meant to exploit evidence of predictability in individual stock specific risk, most equity managers, as a result of their bottom-up security selection decisions, often end up making discretionary, and most of the time unintended, bets on market, sector and style [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2003/06/09/portable-alpha-and-portable-beta-strategies-in-the-eurozone/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>The Brave New World of Hedge Fund Indexes</title>
		<link>http://allaboutalpha.com/blog/2002/01/06/the-brave-new-world-of-hedge-fund-indexes/</link>
		<comments>http://allaboutalpha.com/blog/2002/01/06/the-brave-new-world-of-hedge-fund-indexes/#comments</comments>
		<pubDate>Sun, 06 Jan 2002 20:46:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4585</guid>
		<description><![CDATA[By: Noël Amenc (EDHEC) and Lionel Martellini (MISYS Asset Management Systems)
Published: January 2002
Abstract: In the last decade, the investment community has witnessed the emergence of style investing, not only in the traditional long-only universe but also in the alternative investment universe. In this paper, we attempt to emphasize the need for a better understanding of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2002/01/06/the-brave-new-world-of-hedge-fund-indexes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
