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	<title>AllAboutAlpha.com &#187; Search Results  &#187;  jensen</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>Illegal Alpha</title>
		<link>http://allaboutalpha.com/blog/2009/11/26/illegal-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/26/illegal-alpha/#comments</comments>
		<pubDate>Fri, 27 Nov 2009 01:00:12 +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=7848</guid>
		<description><![CDATA[Sure, alpha exists and can be obtained. The question, though, in the age of frauds, blowups and misnomers, is: can it be attained legally?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/26/illegal-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Redefining Hedge Fund Alpha and Risk Exposures after the Financial Crisis</title>
		<link>http://allaboutalpha.com/blog/2009/11/10/redefining-hedge-fund-alpha-and-risk-exposures-after-the-financial-crisis/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/10/redefining-hedge-fund-alpha-and-risk-exposures-after-the-financial-crisis/#comments</comments>
		<pubDate>Tue, 10 Nov 2009 21:30:13 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7822</guid>
		<description><![CDATA[By: Raj Gupta, Hossein B. Kazemi &#38; Edward Szado
Published: November 10, 2009
Abstract: The hedge funds industry has evolved tremendously in recent years. According to the CASAM CISDM Industry Report, assets under management in hedge funds had grown from less than USD 50 billion at the end of 1990 to over USD 2.1 trillion at the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/10/redefining-hedge-fund-alpha-and-risk-exposures-after-the-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Calculating alpha as the market crashes</title>
		<link>http://allaboutalpha.com/blog/2009/02/18/calculating-alpha-as-the-market-crashes/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/18/calculating-alpha-as-the-market-crashes/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 03:20:35 +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=4188</guid>
		<description><![CDATA[Two experts weight in on how traditional views of manager value-add need to be revisited during a violent market downturn. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/18/calculating-alpha-as-the-market-crashes/feed/</wfw:commentRss>
		<slash:comments>1</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>Michael Jensen</title>
		<link>http://allaboutalpha.com/blog/2008/07/14/michael-jensen/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/14/michael-jensen/#comments</comments>
		<pubDate>Mon, 14 Jul 2008 23:40:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Academic Foundations]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2269</guid>
		<description><![CDATA[Michael Jensen
Jesse Isidor Straus Professor of Business Administration, Emeritus, Harvard Business School.  Founded the Journal of Financial Economics.  Past President of the American Finance Association.
Bio (Wikipedia)
Homepage (Harvard)
Contact Information (Harvard)
Research (SSRN)
Relevant Postings (AllAboutAlpha.com)
     
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/14/michael-jensen/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is the mutual fund industry competitive enough?</title>
		<link>http://allaboutalpha.com/blog/2008/06/25/is-the-mutual-fund-industry-competitive-enough/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/25/is-the-mutual-fund-industry-competitive-enough/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 02:55:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/25/is-the-mutual-fund-industry-competitive-enough/</guid>
		<description><![CDATA[Ever wondered why money management fees seem to be pretty stable even though the size of the average fund has grown over the years?  So have researchers...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/25/is-the-mutual-fund-industry-competitive-enough/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>Your Interview with Author Richard Bookstaber</title>
		<link>http://allaboutalpha.com/blog/2008/01/06/your-interview-with-author-richard-bookstaber/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/06/your-interview-with-author-richard-bookstaber/#comments</comments>
		<pubDate>Mon, 07 Jan 2008 01:54:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/06/your-interview-with-author-richard-bookstaber/</guid>
		<description><![CDATA[Regular readers may remember our two part review of &#8220;A Demon of Our Own Design&#8220;, a fascinating account of the recent history of risk management by hedge fund manager Richard Bookstaber.  As you may recall, the book was released just in time for August&#8217;s hedge fund melt-down making it exceedingly timely and propelling Bookstaber into [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/06/your-interview-with-author-richard-bookstaber/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Missing Persons Found: Jensen Coined Alpha &amp; Beta But Tito Cashed Out</title>
		<link>http://allaboutalpha.com/blog/2007/01/12/missing-persons-found-jensen-coined-alpha-beta-but-tito-cashed-out/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/12/missing-persons-found-jensen-coined-alpha-beta-but-tito-cashed-out/#comments</comments>
		<pubDate>Fri, 12 Jan 2007 18:12:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/12/missing-persons-found-jensen-coined-alpha-beta-but-tito-cashed-out/</guid>
		<description><![CDATA[By: John Ilkiw, SVP Portfolio Design &#38; Risk Management, Canada Pension Plan Investment Board
Published: Winter 2006 Canadian Investment Review
Yes, you read the title of this article right.  It was Michael Jensen, not William Sharpe, whom actually used the terms &#8220;alpha&#8221; and &#8220;beta&#8221; for the first time in 1967&#8217;s now famous paper with the catchy title, &#8221;The Performance of Mutual [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/12/missing-persons-found-jensen-coined-alpha-beta-but-tito-cashed-out/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Global Capital: The Best, and Worst, of Times</title>
		<link>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/#comments</comments>
		<pubDate>Mon, 08 Jan 2007 01:26:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/</guid>
		<description><![CDATA[By: Tim Price, CIO, Global Strategies, UBP
Published: January 4, 2007
Tim Price lives at an intersection.  Only his intersection doesn&#8217;t show up on Google Maps.  As the CIO, Global Strategies for one of the world&#8217;s largest hedge fund &#38; private equity investors, he has his finger on the pulse of the alpha-generation industry and on his clients&#8217; [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds Selling Alpha as Beta</title>
		<link>http://allaboutalpha.com/blog/2006/07/22/hedge-funds-selling-alpha-as-beta/</link>
		<comments>http://allaboutalpha.com/blog/2006/07/22/hedge-funds-selling-alpha-as-beta/#comments</comments>
		<pubDate>Sat, 22 Jul 2006 23:51:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=105</guid>
		<description><![CDATA[By: Greg Jensen, Noah Yechiely, Jason Rotenberg, Bridgewater Associates
Published: May 24, 2005
Excerpt:

&#8220;Most institutional investors continue to tie together their alpha and beta decisions (i.e. an institution typically decides how much money they want in equities and then goes out and hires equity managers to manage it).  This is clearly inefficienct, as the two decisions need [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/07/22/hedge-funds-selling-alpha-as-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Performance and Manager Skill</title>
		<link>http://allaboutalpha.com/blog/2001/05/09/hedge-fund-performance-and-manager-skill/</link>
		<comments>http://allaboutalpha.com/blog/2001/05/09/hedge-fund-performance-and-manager-skill/#comments</comments>
		<pubDate>Wed, 09 May 2001 21:36:07 +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=2743</guid>
		<description><![CDATA[By: Franklin Edwards (Columbia Business School) and Mustafa Caglayan (JPM)
Published: May 2001
Abstract: Using data on the monthly returns of hedge funds during the period 1990:01 through 1998:08, we estimate six-factor Jensen alphas for individual hedge funds employing eight different investment styles. We find that about 25 percent of hedge funds earn positive excess returns, and [...]]]></description>
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		<slash:comments>0</slash:comments>
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