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	<title>AllAboutAlpha.com &#187; Search Results  &#187;  goetzmann</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>Trust and Delegation</title>
		<link>http://allaboutalpha.com/blog/2009/10/16/trust-and-delegation/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/16/trust-and-delegation/#comments</comments>
		<pubDate>Fri, 16 Oct 2009 13:44:15 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6883</guid>
		<description><![CDATA[By: Stephen J. Brown, William N. Goetzmann, Bing Liang, Christopher Schwarz
Published: October 16, 2009
Abstract: Due to imperfect transparency and costly auditing, trust is an essential component of financial intermediation. In this paper we study a comprehensive sample of due diligence reports from a major hedge fund due diligence firm. A routine feature of due diligence [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: 7 questions for Roger Ibbotson</title>
		<link>http://allaboutalpha.com/blog/2009/07/14/aaa-exclusive-7-questions-for-roger-ibbotson/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/14/aaa-exclusive-7-questions-for-roger-ibbotson/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 00:00:42 +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=4997</guid>
		<description><![CDATA[Roger Ibbotson speaks candidly about hedge fund regulation, quant strategies, and updates to the "ABCs of hedge funds."]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/14/aaa-exclusive-7-questions-for-roger-ibbotson/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Estimating Operational Risk for Hedge Funds: The Omega-Score</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 18:27:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4662</guid>
		<description><![CDATA[By: Stephen J. Brown (NYU), William N. Goetzmann (Yale School of Management), Bing Liang (University of Massachusetts) and Christopher Schwarz (University of Massachusetts) 
Published: March 2009
Abstract: Using a complete set of the SEC filing information on hedge funds (Form ADV) and the TASS data, we develop a quantitative model called the Omega-Score to measure hedge [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Form ADV: Would hedge fund registration have helped Madoff investors?</title>
		<link>http://allaboutalpha.com/blog/2008/12/21/form-adv-would-hedge-fund-registration-have-helped-madoff-investors/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/21/form-adv-would-hedge-fund-registration-have-helped-madoff-investors/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 02:10:51 +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=3936</guid>
		<description><![CDATA[A 2006 academic study and a 2008 SEC form filled out by Bernard L. Madoff Investment Securities LLC raise some interesting questions.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/21/form-adv-would-hedge-fund-registration-have-helped-madoff-investors/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Monday, September 22: The Day the Contrails Faded</title>
		<link>http://allaboutalpha.com/blog/2008/09/21/monday-september-22-the-day-the-contrails-faded/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/21/monday-september-22-the-day-the-contrails-faded/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 23:46:15 +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=3429</guid>
		<description><![CDATA[By removing a ubiquitous part of the financial landscape, this week shares something in common with another week exactly 7 years ago.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/21/monday-september-22-the-day-the-contrails-faded/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Yale International Center for Finance</title>
		<link>http://allaboutalpha.com/blog/2008/08/30/yale-international-center-for-finance/</link>
		<comments>http://allaboutalpha.com/blog/2008/08/30/yale-international-center-for-finance/#comments</comments>
		<pubDate>Sat, 30 Aug 2008 18:10:30 +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=3283</guid>
		<description><![CDATA[
Yale International Center for Finance
Director: William Goetzmann, william [dot] goetzmann [at] yale [dot] edu
From the Institute’s Website: The International Center For Finance at the Yale School of Management provides active support for research in Financial Economics by its fellows and disseminates their work to the world&#8217;s academic and professional communities. More about our goals can [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/08/30/yale-international-center-for-finance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration</title>
		<link>http://allaboutalpha.com/blog/2008/04/23/mandatory-disclosure-and-operational-risk-evidence-from-hedge-fund-registration/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/23/mandatory-disclosure-and-operational-risk-evidence-from-hedge-fund-registration/#comments</comments>
		<pubDate>Wed, 23 Apr 2008 19:07:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4028</guid>
		<description><![CDATA[By: Stephen J. Brown (NYU), William N. Goetzmann (Yale School of Management and NBER), Bing Liang (University of Massachusetts) and Christopher Schwarz (University of California)
Published: April 2008
Abstract: Mandatory disclosure is a regulatory tool intended to allow market participants to assess operational risk. We examine the value of disclosure through the controversial SEC requirement, since overturned, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/23/mandatory-disclosure-and-operational-risk-evidence-from-hedge-fund-registration/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Skeptics to hedge fund managers: Your alpha has been faked!</title>
		<link>http://allaboutalpha.com/blog/2008/04/03/skeptics-to-hedge-fund-managers-your-alpha-has-been-faked/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/03/skeptics-to-hedge-fund-managers-your-alpha-has-been-faked/#comments</comments>
		<pubDate>Fri, 04 Apr 2008 02:00:22 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Investment Management Fees]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/03/skeptics-to-hedge-fund-managers-your-alpha-has-been-faked/</guid>
		<description><![CDATA[There's a debate brewing in the hedge fund community right now over an academic paper on hedge fund alpha.  Here's what you need to know.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/03/skeptics-to-hedge-fund-managers-your-alpha-has-been-faked/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Academic study: Morningstar ratings have &#8220;unintended consequence&#8221; of being &#8220;manipulation proof&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/03/02/academic-study-morningstar-ratings-have-unintended-consequence-of-being-manipulation-proof/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/02/academic-study-morningstar-ratings-have-unintended-consequence-of-being-manipulation-proof/#comments</comments>
		<pubDate>Mon, 03 Mar 2008 01:56:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/02/academic-study-morningstar-ratings-have-unintended-consequence-of-being-manipulation-proof/</guid>
		<description><![CDATA[Following the launch of Morningstar's "Risk Adjusted Rating" for hedge funds, we examine this metric and find that - if not predictive - it is at least "manipulation proof".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/02/academic-study-morningstar-ratings-have-unintended-consequence-of-being-manipulation-proof/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Performance Persistence: A Multinomial Approach Application to Asian Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2007/11/03/hedge-fund-performance-persistence-a-multinomial-approach-application-to-asian-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/03/hedge-fund-performance-persistence-a-multinomial-approach-application-to-asian-hedge-funds/#comments</comments>
		<pubDate>Sat, 03 Nov 2007 17:55:51 +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=4005</guid>
		<description><![CDATA[By: Malick O. Sy (RMIT University), Lan T. P. Nguyen, Ming Yu Cheng and Sayed Hossain (Multimedia University)
Published: November 2007
Abstract: In this paper, we study the performance persistence of 206 Asian long/short equity funds that are listed in the EurekaHedge database over two and a half year period, from January 2004 to June 2006. We [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/03/hedge-fund-performance-persistence-a-multinomial-approach-application-to-asian-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Performance Fees: Paying the piper even when the band doesn&#8217;t show up</title>
		<link>http://allaboutalpha.com/blog/2007/03/11/performance-fees-paying-the-piper-even-when-the-band-doesnt-show-up/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/11/performance-fees-paying-the-piper-even-when-the-band-doesnt-show-up/#comments</comments>
		<pubDate>Mon, 12 Mar 2007 03:59:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/11/performance-fees-paying-the-piper-even-when-the-band-doesnt-show-up/</guid>
		<description><![CDATA[Last week both Ford and Delta got off their deathbeds to hand out goodies to many of their employees.  Response was swift as bloggers and columnists asked why a company like Ford that lost $12.7 billion last year was in a position to hand out anything at all.  &#8220;What a waste!&#8221;, bloggers wrote.  &#8220;It&#8217;s all so [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/11/performance-fees-paying-the-piper-even-when-the-band-doesnt-show-up/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portfolio Performance Manipulation and Manipulation-Proof Portfolio Performance</title>
		<link>http://allaboutalpha.com/blog/2004/11/15/portfolio-performance-manipulation-and-manipulation-proof-portfolio-performance/</link>
		<comments>http://allaboutalpha.com/blog/2004/11/15/portfolio-performance-manipulation-and-manipulation-proof-portfolio-performance/#comments</comments>
		<pubDate>Mon, 15 Nov 2004 21:34:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2453</guid>
		<description><![CDATA[By: William Goetzmann,Jonathan Ingersoll, Matthew Spiegel, Ivo Welch
Published: November 2004
Abstract: Over the years numerous portfolio performance measures have been proposed. In general they are designed to capture some particular enhancement that might result from active management. However, if a principal uses a measure to judge an agent, then the agent has an incentive to game [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/11/15/portfolio-performance-manipulation-and-manipulation-proof-portfolio-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portfolio Performance Manipulation and Manipulation-Proof Performance Measures</title>
		<link>http://allaboutalpha.com/blog/2004/11/10/portfolio-performance-manipulation-and-manipulation-proof-performance-measures/</link>
		<comments>http://allaboutalpha.com/blog/2004/11/10/portfolio-performance-manipulation-and-manipulation-proof-performance-measures/#comments</comments>
		<pubDate>Wed, 10 Nov 2004 12:27:01 +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=2725</guid>
		<description><![CDATA[By: William Goetzmann (Yale), Jonathan Ingersoll (Yale), Matthew Spiegel (Yale) and Ivo Welch (Brown-NBR)
Published: November 2004
Abstract: Over the years numerous portfolio performance measures have been proposed. In general they are designed to capture some particular enhancement that might result from active management. However, if a principal uses a measure to judge an agent, then the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/11/10/portfolio-performance-manipulation-and-manipulation-proof-performance-measures/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fees on Fees in Funds of Funds</title>
		<link>http://allaboutalpha.com/blog/2004/06/15/fees-on-fees-in-funds-of-funds/</link>
		<comments>http://allaboutalpha.com/blog/2004/06/15/fees-on-fees-in-funds-of-funds/#comments</comments>
		<pubDate>Tue, 15 Jun 2004 18:55:57 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2380</guid>
		<description><![CDATA[By: Stephen Brown, William Goetzmann, Bing Liang
Published: June 2004
Abstract: Funds of funds are an increasingly popular avenue for hedge fund investment. Despite the increasing interest in hedge funds as an alternative asset class, the high degree of fund specific risk and the lack of transparency may give fiduciaries pause. In addition, many of the most [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/06/15/fees-on-fees-in-funds-of-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Highwater Marks and Hedge Fund Management Contracts</title>
		<link>http://allaboutalpha.com/blog/2003/08/15/highwater-marks-and-hedge-fund-management-contracts/</link>
		<comments>http://allaboutalpha.com/blog/2003/08/15/highwater-marks-and-hedge-fund-management-contracts/#comments</comments>
		<pubDate>Fri, 15 Aug 2003 21:58:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2469</guid>
		<description><![CDATA[By: William Goetzmann, Jonathan Ingersoll Jr., Stephen A. Ross
Published: April 2001 (original), August 2003 (Journal of Finance)
Abstract: Incentive fees for money managers are frequently accompanied by high-water mark provisions that condition the payment of the performance fee upon exceeding the previously achieved maximum share value. In this paper, we show that hedge fund performance fees [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2003/08/15/highwater-marks-and-hedge-fund-management-contracts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds with Style</title>
		<link>http://allaboutalpha.com/blog/2001/02/01/hedge-funds-with-style/</link>
		<comments>http://allaboutalpha.com/blog/2001/02/01/hedge-funds-with-style/#comments</comments>
		<pubDate>Thu, 01 Feb 2001 20:57:56 +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=3808</guid>
		<description><![CDATA[By: Stephen J. Brown (NYU) and William N. Goetzmann (Yale School of Management and NBER)
Published: February 2001
Abstract: The popular perception is that hedge funds follow a reasonably well defined market-neutral investment style. While this long-short investment strategy may have characterized the first hedge funds, today hedge funds are a reasonably heterogeneous group. They are better [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2001/02/01/hedge-funds-with-style/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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