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	<title>AllAboutAlpha.com &#187; Search Results  &#187;  sharpe</title>
	<atom:link href="http://allaboutalpha.com/blog/?s=sharpe&#038;feed=rss2" rel="self" type="application/rss+xml" />
	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
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		<title>Quant funds to terminate human-managed ones?</title>
		<link>http://allaboutalpha.com/blog/2010/01/18/quant-funds-to-terminate-human-managed-ones/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/18/quant-funds-to-terminate-human-managed-ones/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 02:00:18 +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=8880</guid>
		<description><![CDATA[A new study compares quant hedge funds to qualitatively-managed ones.  While there were interesting differences, the debate between these two camps is unlikely to terminate any time soon.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/18/quant-funds-to-terminate-human-managed-ones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Comment: &#8220;Risk-based compensation&#8221; a more equitable approach</title>
		<link>http://allaboutalpha.com/blog/2010/01/14/comment-risk-based-compensation-a-more-equitable-approach/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/14/comment-risk-based-compensation-a-more-equitable-approach/#comments</comments>
		<pubDate>Fri, 15 Jan 2010 01:00:46 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8758</guid>
		<description><![CDATA[The past few years have seen discontent about return-based hedge fund fees growing amongst investors. Here's a proposal from one manager that attempts to balance both risk and return.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/14/comment-risk-based-compensation-a-more-equitable-approach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Simple and optimal alpha strategy selection and risk budgeting or Goodbye to 91.5% and all that</title>
		<link>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 21:56:07 +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=8010</guid>
		<description><![CDATA[By: Robert Scott, CFA, Schroders Investment Management
Published: October 15,2009 &#38; November 2, 2009 (revised)
Abstract: A simple measure is developed that can determine if investment efficiency is increased by including an alpha strategy. If the correlation between alpha and beta is lower than the ratio of information to Sharpe ratios, the strategy should be pursued. A [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/03/simple-and-optimal-alpha-strategy-selection-and-risk-budgeting-or-goodbye-to-91-5-and-all-that/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Two amazingly simple rules for making alpha/beta allocations</title>
		<link>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/</link>
		<comments>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 01:00:40 +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=7909</guid>
		<description><![CDATA[Leave it to the investment practitioners to come up with, well, "practical" tools...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/12/02/two-amazingly-simple-rules-for-making-alphabeta-allocations/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Equity long/short mutual funds &#8220;could easily grow twenty-fold over the next five years:&#8221; Report</title>
		<link>http://allaboutalpha.com/blog/2009/11/09/equity-longshort-mutual-funds-could-easily-grow-twenty-fold-over-the-next-five-years-report/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/09/equity-longshort-mutual-funds-could-easily-grow-twenty-fold-over-the-next-five-years-report/#comments</comments>
		<pubDate>Tue, 10 Nov 2009 03:44:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Retail Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7409</guid>
		<description><![CDATA[Are "hedged mutual funds" finally ready for prime time? ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/09/equity-longshort-mutual-funds-could-easily-grow-twenty-fold-over-the-next-five-years-report/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Why bother separating alpha and beta?  Here&#8217;s why.</title>
		<link>http://allaboutalpha.com/blog/2009/11/08/why-bother-separating-alpha-and-beta-heres-why/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/08/why-bother-separating-alpha-and-beta-heres-why/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 00:00:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7383</guid>
		<description><![CDATA[With the un-alpha-like performance of the hedge fund portion of portable alpha strategies last year, it's easy to disregard alpha/beta separation as hype.  But here's a must-read paper that shows why the concept is fundamentally sound.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/08/why-bother-separating-alpha-and-beta-heres-why/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: Due to funds’ lack of persistence, the Sharpe ratio has no validity as an investment decision tool</title>
		<link>http://allaboutalpha.com/blog/2009/10/29/alternative-viewpoints-due-to-funds%e2%80%99-lack-of-persistence-the-sharpe-ratio-has-no-validity-as-an-investment-decision-tool/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/29/alternative-viewpoints-due-to-funds%e2%80%99-lack-of-persistence-the-sharpe-ratio-has-no-validity-as-an-investment-decision-tool/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 01:00:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7131</guid>
		<description><![CDATA[There have been many studies on hedge fund manager return “persistence”.  Persistence, after all, is a necessary precondition for the existence of alpha.  Like alpha itself, you might expect that the persistence of a good Sharpe ratio may be possible in less mature (more informationally inefficient) markets.  But a new study by Siewling Lay, CAIA, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/29/alternative-viewpoints-due-to-funds%e2%80%99-lack-of-persistence-the-sharpe-ratio-has-no-validity-as-an-investment-decision-tool/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>One reason why equity allocations may never fully recover from recent injuries</title>
		<link>http://allaboutalpha.com/blog/2009/10/28/one-reason-why-equity-allocations-may-never-fully-recover-from-recent-injuries/</link>
		<comments>http://allaboutalpha.com/blog/2009/10/28/one-reason-why-equity-allocations-may-never-fully-recover-from-recent-injuries/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 00:42:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7111</guid>
		<description><![CDATA[Institutional equity allocations have dropped along with the markets over the past 2 years.  But even as the market rebounds, there may be some fundamental reasons why institutional investors will throw in the towel on "60/40" for good this time around.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/10/28/one-reason-why-equity-allocations-may-never-fully-recover-from-recent-injuries/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: Using the Modified Sharpe &amp; Information Ratios</title>
		<link>http://allaboutalpha.com/blog/2009/09/02/alternative-viewpoints-using-the-modified-sharpe-information-ratios/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/02/alternative-viewpoints-using-the-modified-sharpe-information-ratios/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 00:00:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5809</guid>
		<description><![CDATA[In this month's "Alternative Viewpoints" column, BNY Mellon's Neil Kotecha explains one of the reasons why the Sharpe Ratio isn't so sharp after all.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/02/alternative-viewpoints-using-the-modified-sharpe-information-ratios/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Shipping as an alternative investment</title>
		<link>http://allaboutalpha.com/blog/2009/08/17/shipping-as-an-alternative-investment/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/17/shipping-as-an-alternative-investment/#comments</comments>
		<pubDate>Tue, 18 Aug 2009 00:00:42 +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=5524</guid>
		<description><![CDATA[Thought shipping was just a global growth play?  Apparently, it depends on how you measure it.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/17/shipping-as-an-alternative-investment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On the Consistency of Hedge Fund Indexes Across Providers</title>
		<link>http://allaboutalpha.com/blog/2009/08/01/on-the-consistency-of-hedge-fund-indexes-across-providers/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/01/on-the-consistency-of-hedge-fund-indexes-across-providers/#comments</comments>
		<pubDate>Sat, 01 Aug 2009 15:34:42 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5930</guid>
		<description><![CDATA[By: Oliver Dietiker
Published: August 2009
Abstract: Based on the style analysis pioneered in Asset Allocation: Management Style and Performance Measurement, Journal of Portfolio Management by W.F. Sharpe, procedures are defined  to examine the consistency of hedge fund indexes across providers. The results of investigation suggest that the competing indexes of the different providers are homogeneous. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/01/on-the-consistency-of-hedge-fund-indexes-across-providers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Libertarian Paternalism&#8221;: A happy medium on HF regulation?</title>
		<link>http://allaboutalpha.com/blog/2009/07/22/libertarian-paternalism-a-happy-medium-on-hf-regulation/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/22/libertarian-paternalism-a-happy-medium-on-hf-regulation/#comments</comments>
		<pubDate>Thu, 23 Jul 2009 00:00:19 +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=5236</guid>
		<description><![CDATA[Regulation may not be all that bad for the hedge fund industry if the proposals of this author are adopted by the SEC.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/22/libertarian-paternalism-a-happy-medium-on-hf-regulation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Summer of 1000 Posts: Performance, Analytics &amp; Metrics</title>
		<link>http://allaboutalpha.com/blog/2009/07/19/summer-of-1000-posts-performance-analytics-metrics/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/19/summer-of-1000-posts-performance-analytics-metrics/#comments</comments>
		<pubDate>Mon, 20 Jul 2009 02:00:47 +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=4976</guid>
		<description><![CDATA[Today, we bring you another installment of our &#8220;Summer of 1,000 posts&#8221; (more&#8230;) 
This week&#8217;s sampling from our archives covers the topic of Performance, Analytics &#38; Metrics&#8230;
Debate over value of Sharpe Ratio in HF analysis continues in new academic study
A 2007 academic study rained on the alternative hedge fund metrics parade and claimed that the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/19/summer-of-1000-posts-performance-analytics-metrics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debate over value of Sharpe Ratio in HF analysis continues in new academic study</title>
		<link>http://allaboutalpha.com/blog/2009/07/13/debate-over-value-of-sharpe-ratio-in-hf-analysis-continues-in-new-academic-study/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/13/debate-over-value-of-sharpe-ratio-in-hf-analysis-continues-in-new-academic-study/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 00:00:10 +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=4958</guid>
		<description><![CDATA[A 2007 academic study rained on the alternative hedge fund metrics parade and claimed that the good old fashioned Sharpe ratio was all you needed.  But another study released this spring suggests that alternative metrics such as the Sortino ratio, Omega ratio and Rachev ratio have a purpose after all.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/13/debate-over-value-of-sharpe-ratio-in-hf-analysis-continues-in-new-academic-study/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Lintner Redux: Omega Ratios and Managed Futures</title>
		<link>http://allaboutalpha.com/blog/2009/07/08/lintner-redux-omega-ratios-and-managed-futures/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/08/lintner-redux-omega-ratios-and-managed-futures/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 00:00:40 +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=4955</guid>
		<description><![CDATA[If only storied academic John Lintner had the Omega Ratio...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/08/lintner-redux-omega-ratios-and-managed-futures/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>How Hollywood, lotteries and mutual funds show that all risk is relative</title>
		<link>http://allaboutalpha.com/blog/2009/07/06/how-hollywood-lotteries-and-mutual-funds-show-that-all-risk-is-relative/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/06/how-hollywood-lotteries-and-mutual-funds-show-that-all-risk-is-relative/#comments</comments>
		<pubDate>Tue, 07 Jul 2009 00:00:48 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4949</guid>
		<description><![CDATA[Since the birth of the CAPM, empirical evidence has been uncooperative - showing that high risk investments produce lower returns, not higher ones.  Now one author looks beyond equity markets and finds even more evidence against the vaunted CAPM.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/06/how-hollywood-lotteries-and-mutual-funds-show-that-all-risk-is-relative/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Risk Management Framework for Hedge Funds Role of Funding and Redemption Options on Leverage</title>
		<link>http://allaboutalpha.com/blog/2009/07/01/risk-management-framework-for-hedge-funds-role-of-funding-and-redemption-options-on-leverage/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/01/risk-management-framework-for-hedge-funds-role-of-funding-and-redemption-options-on-leverage/#comments</comments>
		<pubDate>Wed, 01 Jul 2009 21:01:02 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5953</guid>
		<description><![CDATA[By: John Dai and Suresh Sundaresan (Capula Investment Management, London)
Published: July 2009
Abstract: We develop a model of hedge fund returns, which reflect the contractual relationships between a hedge fund, its investors and its prime brokers. These relationships are modelled as short option positions held by the hedge fund, wherein the “funding option” reflects the short [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/01/risk-management-framework-for-hedge-funds-role-of-funding-and-redemption-options-on-leverage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Summer of 1,000 Posts</title>
		<link>http://allaboutalpha.com/blog/2009/06/28/summer-of-1000-posts/</link>
		<comments>http://allaboutalpha.com/blog/2009/06/28/summer-of-1000-posts/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 02:31:34 +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=4874</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 the CAPM and the theory behind our favorite Greek variable.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/06/28/summer-of-1000-posts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A novel approach to monitoring daily HF returns when they don&#8217;t actually exist</title>
		<link>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/</link>
		<comments>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 00:44:33 +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=4418</guid>
		<description><![CDATA[Hedge fund replication is now put to a different use by researchers.  Call it "assisted hedge fund replication".    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Being Locked Up Hurts</title>
		<link>http://allaboutalpha.com/blog/2009/03/27/being-locked-up-hurts/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/27/being-locked-up-hurts/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 14:53:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4476</guid>
		<description><![CDATA[By: Frans De Roon, Jinqiang Guo and Jenke Ter Horst (Tilburg University)
Published: March 2009

Abstract: This paper examines multi-period asset allocation when portfolio rebalancing is difficult or impossible for some assets due to the existence of a lockup period. A lockup period restricts an investor&#8217;s ability to rebalance his portfolio and has non-trivial effects on the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/27/being-locked-up-hurts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Academic study breaks with pack on one of the most common assumptions about hedge fund returns</title>
		<link>http://allaboutalpha.com/blog/2009/03/09/academic-study-breaks-with-pack-on-one-of-the-most-common-assumptions-about-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/09/academic-study-breaks-with-pack-on-one-of-the-most-common-assumptions-about-hedge-fund-returns/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 01:23:05 +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=4321</guid>
		<description><![CDATA[A new academic paper questions the popular assumption that hedge funds are really just option-writers in drag.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/09/academic-study-breaks-with-pack-on-one-of-the-most-common-assumptions-about-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>New spin on an old metric</title>
		<link>http://allaboutalpha.com/blog/2009/02/03/new-spin-on-an-old-metric/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/03/new-spin-on-an-old-metric/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 02:10:40 +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=4123</guid>
		<description><![CDATA[The Sharpe ratio is the granddaddy of financial metrics.  But a graphical take on the old stalwart provides a new way to keep portfolios in good shape.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/03/new-spin-on-an-old-metric/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>More evidence of asset management &#8220;convergence&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/01/21/more-evidence-of-asset-management-convergence/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/21/more-evidence-of-asset-management-convergence/#comments</comments>
		<pubDate>Thu, 22 Jan 2009 01:51:51 +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=4118</guid>
		<description><![CDATA[New evidence emerged last week of what may be the defining trend in the asset management industry this year: convergence.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/21/more-evidence-of-asset-management-convergence/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Share Restrictions, Risk Taking and Hedge Fund Performance</title>
		<link>http://allaboutalpha.com/blog/2009/01/14/share-restrictions-risk-taking-and-hedge-fund-performance/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/14/share-restrictions-risk-taking-and-hedge-fund-performance/#comments</comments>
		<pubDate>Thu, 15 Jan 2009 00:17:08 +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=4205</guid>
		<description><![CDATA[By: Juha Joenväärä and Pekka Tolonen (University of Oulu) 
Published: January 2009
Abstract: This paper examines the impact of share restrictions on the risk-taking and on the performance of hedge funds using the Hedge Fund Research (HFR) database. Share restrictions, in the form of longer lockup as well as notice and redemption periods, provide flexibility for [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/14/share-restrictions-risk-taking-and-hedge-fund-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Time and Risk Diversification in Real Estate Investments: Assessing the Ex-Post Economic Value</title>
		<link>http://allaboutalpha.com/blog/2009/01/01/time-and-risk-diversification-in-real-estate-investments-assessing-the-ex-post-economic-value/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/01/time-and-risk-diversification-in-real-estate-investments-assessing-the-ex-post-economic-value/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 20:25:31 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6510</guid>
		<description><![CDATA[By: Carolina Fugazza, Massimo Guidolin and Giovanna Nicodano (Federal Reserve Bank of St. Louis)
Published: January 2009
Abstract: Welfare gains to long-horizon investors may derive from time diversification that exploits non-zero intertemporal return correlations associated with predictable returns. Real estate may thus become more desirable if its returns are negatively serially correlated. While it could be important [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/01/time-and-risk-diversification-in-real-estate-investments-assessing-the-ex-post-economic-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Attendees at Hedge Funds World Zurich wonder: Should risk models now anticipate the &#8220;statistically impossible&#8221;?</title>
		<link>http://allaboutalpha.com/blog/2008/12/04/attendees-at-hedge-funds-world-zurich-wonder-should-risk-models-now-anticipate-the-statistically-impossible/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/04/attendees-at-hedge-funds-world-zurich-wonder-should-risk-models-now-anticipate-the-statistically-impossible/#comments</comments>
		<pubDate>Fri, 05 Dec 2008 03:36:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3868</guid>
		<description><![CDATA[Couldn't make it to Zurich this week?  No worries.  Here is our summary of the event that featured Nassim Taleb, Peter Clarke and several other hedge fund notables.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/04/attendees-at-hedge-funds-world-zurich-wonder-should-risk-models-now-anticipate-the-statistically-impossible/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>From the Floor: &#8220;Taleb-isms&#8221; and other quotes from Hedge Funds World Zurich</title>
		<link>http://allaboutalpha.com/blog/2008/11/25/from-the-floor-taleb-isms-and-other-quotes-from-hedge-funds-world-zurich/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/25/from-the-floor-taleb-isms-and-other-quotes-from-hedge-funds-world-zurich/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 13:11:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Editor's Pick]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3854</guid>
		<description><![CDATA[AllAboutAlpha contributor Timothy Laing reports from the floor of Hedge Funds World Zurich this week.  Below is some of what Laing heard in the hallways at the storied Dolder Grand hotel.  (The hotel was built in 1899 as a health spa.  So this year, there is probably no better venue for the hedge fund sector [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/25/from-the-floor-taleb-isms-and-other-quotes-from-hedge-funds-world-zurich/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Performance Persistence of Equity Long/Short Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2008/10/31/the-performance-persistence-of-equity-longshort-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/31/the-performance-persistence-of-equity-longshort-hedge-funds/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 15:05:23 +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=3837</guid>
		<description><![CDATA[
By: Samuel Manser and Markus M. Schmid (Swiss Institute of Banking and Finance)
Published: October 2008
Abstract: This paper examines the persistence of raw and risk-adjusted returns for equity long/short hedge funds using the portfolio approach of Hendricks, Patel, and Zeckhauser (1993). Only limited evidence of persistence is found for raw returns. Funds with the highest raw returns [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/31/the-performance-persistence-of-equity-longshort-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Unique View of Hedge Fund Derivatives Usage: Safeguard or Speculation?</title>
		<link>http://allaboutalpha.com/blog/2008/10/18/a-unique-view-of-hedge-fund-derivatives-usage-safeguard-or-speculation/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/18/a-unique-view-of-hedge-fund-derivatives-usage-safeguard-or-speculation/#comments</comments>
		<pubDate>Sat, 18 Oct 2008 21:40:50 +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=4629</guid>
		<description><![CDATA[By: George O. Aragon (Arizona State University) and J. Spencer Martin (Carnegie Mellon)
Published: October 2008

Abstract: We investigate hedge fund holdings of common equities and equity options over the 1999-2006 period to assess the degree to which these investors actually hedge. We find that hedge funds&#8217; option positions are associated with significantly higher than normal subsequent [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/18/a-unique-view-of-hedge-fund-derivatives-usage-safeguard-or-speculation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>With commodities boom waning, what&#8217;s in store now for some of its greatest beneficiaries?</title>
		<link>http://allaboutalpha.com/blog/2008/10/15/with-commodities-boom-waning-whats-in-store-now-for-some-of-its-greatest-beneficiaries/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/15/with-commodities-boom-waning-whats-in-store-now-for-some-of-its-greatest-beneficiaries/#comments</comments>
		<pubDate>Thu, 16 Oct 2008 01:47:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3545</guid>
		<description><![CDATA[With the commodities boom quickly coming to an end, what's in store for Canada's hedge funds?  To help answer this question, one Canadian family office has crunched the numbers and given us permission to show you their full analysis. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/15/with-commodities-boom-waning-whats-in-store-now-for-some-of-its-greatest-beneficiaries/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Hedge funds not bad at reading tea leaves finds new study</title>
		<link>http://allaboutalpha.com/blog/2008/10/09/hedge-funds-not-bad-at-reading-tea-leaves-finds-new-study/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/09/hedge-funds-not-bad-at-reading-tea-leaves-finds-new-study/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 00:41:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3534</guid>
		<description><![CDATA[Hedge funds have been dropping their net exposure since last summer.  Now a new study finds that changes in hedge fund market betas may actually portend the future.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/09/hedge-funds-not-bad-at-reading-tea-leaves-finds-new-study/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>&#8220;Convergence&#8221; gets another shot in the arm from recent calamities</title>
		<link>http://allaboutalpha.com/blog/2008/09/16/convergence-gets-another-shot-in-the-arm-from-recent-calamities/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/16/convergence-gets-another-shot-in-the-arm-from-recent-calamities/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 03:47:46 +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=3416</guid>
		<description><![CDATA[It seems like there is a new surprise nearly every day in the asset management industry.  But recent calamities simply accelerate trends that have been in place for a few years already.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/16/convergence-gets-another-shot-in-the-arm-from-recent-calamities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Apples to Apples: the case for liquidity adjustments to hedge fund of funds returns</title>
		<link>http://allaboutalpha.com/blog/2008/09/15/apples-to-apples-the-case-for-liquidity-adjustments-to-hedge-fund-of-funds-returns/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/15/apples-to-apples-the-case-for-liquidity-adjustments-to-hedge-fund-of-funds-returns/#comments</comments>
		<pubDate>Tue, 16 Sep 2008 01:25:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3386</guid>
		<description><![CDATA[Are your fund of funds "Granny Smiths" or "Golden Delicious"?   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/15/apples-to-apples-the-case-for-liquidity-adjustments-to-hedge-fund-of-funds-returns/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Researchers to hedge fund investors: Don&#8217;t throw away Sharpe ratios just yet</title>
		<link>http://allaboutalpha.com/blog/2008/09/14/researchers-to-hedge-fund-investors-dont-throw-away-sharpe-ratios-just-yet/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/14/researchers-to-hedge-fund-investors-dont-throw-away-sharpe-ratios-just-yet/#comments</comments>
		<pubDate>Mon, 15 Sep 2008 01:00:54 +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=3395</guid>
		<description><![CDATA[It's commonly believed that hedge funds require new and special metrics to evaluate properly.  But research is beginning to find that plain old Sharpe ratios work fine after all.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/14/researchers-to-hedge-fund-investors-dont-throw-away-sharpe-ratios-just-yet/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Peter Bernstein</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/peter-bernstein/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/peter-bernstein/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 05:13:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Practitioners]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2326</guid>
		<description><![CDATA[Peter Bernstein
Although technically an investment practitioner, Bernstein&#8217;s significant contribution to the field of investing takes the form of his two chronicles of modern finance: Capital Ideas and the recently released Capital Ideas Evolving.  In these books, he accomplishes the previously unthinkable: 500+ pages of financial history and theory with zero pages of mathematical formulas.
Peter L Bernstein Inc. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/peter-bernstein/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New study says widely-used models can be particularly misleading in performance evaluation</title>
		<link>http://allaboutalpha.com/blog/2008/07/14/new-study-says-widely-used-models-%e2%80%9ccan-be-particularly-misleading-in-performance-evaluation%e2%80%9d/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/14/new-study-says-widely-used-models-%e2%80%9ccan-be-particularly-misleading-in-performance-evaluation%e2%80%9d/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 02:00:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/07/14/new-study-says-widely-used-models-%e2%80%9ccan-be-particularly-misleading-in-performance-evaluation%e2%80%9d/</guid>
		<description><![CDATA[A recent study says that widely-used performance measures may not be as good as we all might have thought. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/14/new-study-says-widely-used-models-%e2%80%9ccan-be-particularly-misleading-in-performance-evaluation%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>William Sharpe</title>
		<link>http://allaboutalpha.com/blog/2008/07/14/william-sharpe/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/14/william-sharpe/#comments</comments>
		<pubDate>Mon, 14 Jul 2008 23:55:16 +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=2275</guid>
		<description><![CDATA[William Sharpe
STANCO 25 Professor of Finance, Emeritus, at Stanford University&#8217;s Graduate School of Business.  One of the originators of the Capital Asset Pricing Model.  Developed the Sharpe Ratio for investment performance analysis.
Bio (Wikipedia)
Homepage (Personal)
Research (SSRN)
Nobel Citation (Nobel Foundation)
Relevant Postings (AllAboutAlpha.com)

]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/14/william-sharpe/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
<enclosure url="http://easylink.ovsmedia.com/onlinevideoservice/clients/afa/Sharpe_Hi.wvx" length="224" type="video/x-ms-wvx" />
		</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>Economist article&#8217;s &#8220;catchy&#8221; title may overstate complexity a little</title>
		<link>http://allaboutalpha.com/blog/2008/05/26/economist-articles-catchy-title-may-overstate-complexity-a-little/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/26/economist-articles-catchy-title-may-overstate-complexity-a-little/#comments</comments>
		<pubDate>Tue, 27 May 2008 02:00:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/05/26/economist-articles-catchy-title-may-overstate-complexity-a-little/</guid>
		<description><![CDATA[This week's Economist tells of a Catch-22 in hedge fund industry growth.  True, growth has been met with muted returns.  But is it a "Catch 22"?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/26/economist-articles-catchy-title-may-overstate-complexity-a-little/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A &#8220;small-cap bias&#8221; in hedge funds themselves?</title>
		<link>http://allaboutalpha.com/blog/2008/05/21/a-small-cap-bias-in-hedge-funds-themselves/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/21/a-small-cap-bias-in-hedge-funds-themselves/#comments</comments>
		<pubDate>Thu, 22 May 2008 02:34:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/05/21/a-small-cap-bias-in-hedge-funds-themselves/</guid>
		<description><![CDATA[An analysis of the performance of small, medium and large hedge funds reveals a small-fund advantage that disciples of Fama and French will appreciate.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/21/a-small-cap-bias-in-hedge-funds-themselves/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Do the Best Hedge Funds Hedge?</title>
		<link>http://allaboutalpha.com/blog/2008/04/25/do-the-best-hedge-funds-hedge/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/25/do-the-best-hedge-funds-hedge/#comments</comments>
		<pubDate>Fri, 25 Apr 2008 15:00:49 +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=3835</guid>
		<description><![CDATA[By: Sheridan Titman (University of Texas at Austin) and Cristian Ioan Tiu (SUNY at Buffalo)
Published: April 2008
Abstract: We provide a simple argument that suggests that better informed hedge funds choose to have less exposure to factor risk. Consistent with this argument we find that hedge funds that exhibit lower R-squares with respect to systematic factors have [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/25/do-the-best-hedge-funds-hedge/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Google, efficient markets and box lunches with Bill Sharpe</title>
		<link>http://allaboutalpha.com/blog/2008/04/09/google-efficient-markets-and-box-lunches-with-bill-sharpe/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/09/google-efficient-markets-and-box-lunches-with-bill-sharpe/#comments</comments>
		<pubDate>Thu, 10 Apr 2008 02:00:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/09/google-efficient-markets-and-box-lunches-with-bill-sharpe/</guid>
		<description><![CDATA[Some of the world's staunchest allies of efficient market theory are actually more open to active management than you might expect.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/09/google-efficient-markets-and-box-lunches-with-bill-sharpe/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>The End of (asset management) History?</title>
		<link>http://allaboutalpha.com/blog/2008/03/12/the-end-of-asset-management-history/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/12/the-end-of-asset-management-history/#comments</comments>
		<pubDate>Thu, 13 Mar 2008 00:45:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/12/the-end-of-asset-management-history/</guid>
		<description><![CDATA[If the history of asset management could be characterized as a struggle between active and passive management, are we nearing the end?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/12/the-end-of-asset-management-history/feed/</wfw:commentRss>
		<slash:comments>3</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>January turmoil has &#8220;sharpened the argument for the convergence of traditional and alternative asset management&#8221;: Report</title>
		<link>http://allaboutalpha.com/blog/2008/02/19/january-turmoil-has-sharpened-the-argument-for-the-convergence-of-traditional-and-alternative-asset-management-report/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/19/january-turmoil-has-sharpened-the-argument-for-the-convergence-of-traditional-and-alternative-asset-management-report/#comments</comments>
		<pubDate>Wed, 20 Feb 2008 00:13:37 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/19/january-turmoil-has-sharpened-the-argument-for-the-convergence-of-traditional-and-alternative-asset-management-report/</guid>
		<description><![CDATA[A comprehensive new report provides evidence of what we see as an alpha-centric revolution in asset management.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/19/january-turmoil-has-sharpened-the-argument-for-the-convergence-of-traditional-and-alternative-asset-management-report/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Manufacturing Alpha from Beta</title>
		<link>http://allaboutalpha.com/blog/2008/02/16/manufacturing-alpha-from-beta-2/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/16/manufacturing-alpha-from-beta-2/#comments</comments>
		<pubDate>Sun, 17 Feb 2008 00:25:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Sponsored Content]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2554</guid>
		<description><![CDATA[By Tristram Lett, INTEGRA CAPITAL -
The title of this article suggests that alpha can be derived from market timing. In the strict statistical sense, it is not considered a source of alpha, but any investment practitioner knows that, relative to a buy and hold position, being in and out of a particular market in a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/16/manufacturing-alpha-from-beta-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: An interview with Prof. Harry Kat about his newest project, &#8220;super-diversification&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/#comments</comments>
		<pubDate>Tue, 12 Feb 2008 02:00:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</guid>
		<description><![CDATA[A European hedge fund manager announced today that it will be using Prof. Harry Kat's "FundCreator" software as a risk management tool.  Kat says it's not about "replication" any more.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>S&amp;P&#8217;s New Dividend Indices: Really alpha or just alternative beta?</title>
		<link>http://allaboutalpha.com/blog/2008/01/30/sps-new-dividend-indices-really-alpha-or-just-alternative-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/30/sps-new-dividend-indices-really-alpha-or-just-alternative-beta/#comments</comments>
		<pubDate>Thu, 31 Jan 2008 02:00:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/30/sps-new-dividend-indices-really-alpha-or-just-alternative-beta/</guid>
		<description><![CDATA[Hot on the heels of its new 130/30 indices, S&#038;P released a new "alpha producing" index last Friday.  But does it really produce alpha?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/30/sps-new-dividend-indices-really-alpha-or-just-alternative-beta/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>New paper explains &#8220;muted demand&#8221; for portable alpha</title>
		<link>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 01:00:11 +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>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/</guid>
		<description><![CDATA[When arguments can be made that 130/30 investing and portable alpha are cousins, why then has 130/30 become the cat's meow and portable alpha growth is "muted"?  Two academics have a theory.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: 130/30 &#8220;not monolithic&#8221; but does represent a &#8220;convergence&#8221; in money management</title>
		<link>http://allaboutalpha.com/blog/2008/01/01/morningstars-deutsch-13030-not-monolithic-but-does-represent-a-convergence-in-money-management/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/01/morningstars-deutsch-13030-not-monolithic-but-does-represent-a-convergence-in-money-management/#comments</comments>
		<pubDate>Wed, 02 Jan 2008 03:24:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/01/morningstars-deutsch-13030-not-monolithic-but-does-represent-a-convergence-in-money-management/</guid>
		<description><![CDATA[Morningstar's Steve Deutsch has a bird's-eye view of the burgeoning 1X0/X0 field.  Today, he shares this perspective, concluding that money managers are stealing a page from the telecom playbook.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/01/morningstars-deutsch-13030-not-monolithic-but-does-represent-a-convergence-in-money-management/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>More on how the ivory towers grow so tall</title>
		<link>http://allaboutalpha.com/blog/2007/12/27/more-on-how-the-ivory-towers-grow-so-tall/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/27/more-on-how-the-ivory-towers-grow-so-tall/#comments</comments>
		<pubDate>Fri, 28 Dec 2007 01:00:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/27/more-on-how-the-ivory-towers-grow-so-tall/</guid>
		<description><![CDATA[How exactly to top performing university endowments make all their money?  You may be surprised by what this academic has to say on the issue.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/27/more-on-how-the-ivory-towers-grow-so-tall/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: &#8220;Liquidity Alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/11/27/alternative-viewpoints-liquidity-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/27/alternative-viewpoints-liquidity-alpha/#comments</comments>
		<pubDate>Wed, 28 Nov 2007 01:00:58 +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/2007/11/27/alternative-viewpoints-liquidity-alpha/</guid>
		<description><![CDATA[If illiquidity demands fair compensation and hedge funds are relatively illiquid, does it follow that some of what might look like "hedge fund alpha" is really just an illiquidity premium? ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/27/alternative-viewpoints-liquidity-alpha/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>The mystery of &#8220;slightly positive results&#8221; in hedge funds and college basketball</title>
		<link>http://allaboutalpha.com/blog/2007/11/18/the-mystery-of-slightly-positive-results-in-hedge-funds-and-college-basketball/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/18/the-mystery-of-slightly-positive-results-in-hedge-funds-and-college-basketball/#comments</comments>
		<pubDate>Mon, 19 Nov 2007 01:47:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/18/the-mystery-of-slightly-positive-results-in-hedge-funds-and-college-basketball/</guid>
		<description><![CDATA[Ever had a slight positive monthly return from your hedge fund?  If so, you're in good company.  In fact, a recent study reveals a mysterious surfeit of "slightly positive" returns across hedge funds. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/18/the-mystery-of-slightly-positive-results-in-hedge-funds-and-college-basketball/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>First Quadrant challenges convention on short-extension strategies</title>
		<link>http://allaboutalpha.com/blog/2007/11/01/first-quadrant-challenges-convention-on-short-extension-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/01/first-quadrant-challenges-convention-on-short-extension-strategies/#comments</comments>
		<pubDate>Fri, 02 Nov 2007 03:00:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/01/first-quadrant-challenges-convention-on-short-extension-strategies/</guid>
		<description><![CDATA[In this guest posting, First Quadrant's Jia Ye says a short-extension strategy can certainly improve a manager's information ratio.  But she warns that 1X0/X0 may not always be a good thing. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/01/first-quadrant-challenges-convention-on-short-extension-strategies/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Siegel: Carefully selecting &#8220;exotic betas&#8221; a worthwhile pursuit</title>
		<link>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/#comments</comments>
		<pubDate>Thu, 25 Oct 2007 01:00:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/</guid>
		<description><![CDATA[AllAboutAlpha.com welcomes a special guest posting from one of the big names in institutional asset management, Laurence Siegel of the Ford Foundation.  Here's what he has to say about "exotic beta".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Final dispatch from un-named hedge fund gathering in Boston</title>
		<link>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/#comments</comments>
		<pubDate>Mon, 22 Oct 2007 04:27:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[EVENT]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/</guid>
		<description><![CDATA[We conclude our coverage of this "no media" hedge fund conference in Boston with: post-Beijing distress, the "Flying Dutchman" and one half of the "Gilbert and Sullivan" of hedge fund research.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dynamics of Fund of Hedge Funds: Flow, Size, and Performance</title>
		<link>http://allaboutalpha.com/blog/2007/10/13/dynamics-of-fund-of-hedge-funds-flow-size-and-performance/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/13/dynamics-of-fund-of-hedge-funds-flow-size-and-performance/#comments</comments>
		<pubDate>Sat, 13 Oct 2007 19:20:32 +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=2874</guid>
		<description><![CDATA[By: James Xiong, Thomas Idzorek, Peng Chen and Roger Ibbotson
Published: October 2007
Abstract: Using a combination of data from the TASS database and the Morningstar Hedge Fund Databases from January 1995 to November 2006, we studied the relationship between performance and fund flow and the relationship between performance and asset size for funds of hedge funds. Our findings confirmed that [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/13/dynamics-of-fund-of-hedge-funds-flow-size-and-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Assessing Hedge Fund Performance: Does the Choice of Measures Matter?</title>
		<link>http://allaboutalpha.com/blog/2007/10/01/assessing-hedge-fund-performance-does-the-choice-of-measures-matter/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/01/assessing-hedge-fund-performance-does-the-choice-of-measures-matter/#comments</comments>
		<pubDate>Mon, 01 Oct 2007 18:12:17 +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=4658</guid>
		<description><![CDATA[By: Huyen Nguyen-Thi-Thanh (La Rochelle Business School)
Published: October 2007
Abstract: In this paper, we conducted a comparative study of ten measures documented as the most used by researchers and practionners: Sharpe, Sortino, Calmar, Sterling, Burke, modified Stutzer, modified Sharpe, upside potential ratio, Omega and AIRAP. This study was carried out in two stages on a sample [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/01/assessing-hedge-fund-performance-does-the-choice-of-measures-matter/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q-Group spring 2007 seminar summaries are (almost) all about alpha</title>
		<link>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/#comments</comments>
		<pubDate>Tue, 25 Sep 2007 06:44:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/</guid>
		<description><![CDATA[The storied "Q-Group" of quant rocket scientists has recently posted the summary from its spring 2007 meetings.  We find that most of its 17 pages are dedicated to alpha-centric investing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		</item>
		<item>
		<title>Book Review: A Demon of Our Own Design (2 of 2)</title>
		<link>http://allaboutalpha.com/blog/2007/08/23/book-review-a-demon-of-our-own-design-2-of-2/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/23/book-review-a-demon-of-our-own-design-2-of-2/#comments</comments>
		<pubDate>Fri, 24 Aug 2007 00:31:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/23/book-review-a-demon-of-our-own-design-2-of-2/</guid>
		<description><![CDATA[The conclusion of our review of Bookstaber's timely "A Demon of Our Own Design" asks the question, "Did his publisher engineer the credit crunch just to promote the book?" ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/23/book-review-a-demon-of-our-own-design-2-of-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Altercation over Indexation</title>
		<link>http://allaboutalpha.com/blog/2007/07/26/the-altercation-over-indexation/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/26/the-altercation-over-indexation/#comments</comments>
		<pubDate>Fri, 27 Jul 2007 01:00:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/26/the-altercation-over-indexation/</guid>
		<description><![CDATA[Fundamental Indexing's Rob Arnott went toe-to-toe with Vanguard's Gus Sauter in a recently-released webcast.  Billed as an "Indexation Smackdown", the bout featured plenty of bobbing and weaving.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/26/the-altercation-over-indexation/feed/</wfw:commentRss>
		<slash:comments>3</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>Morningstar Patents Retirement Savings</title>
		<link>http://allaboutalpha.com/blog/2007/07/16/morningstar-patents-saving-for-retirement/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/16/morningstar-patents-saving-for-retirement/#comments</comments>
		<pubDate>Tue, 17 Jul 2007 02:02:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/16/morningstar-patents-saving-for-retirement/</guid>
		<description><![CDATA[Morningstar's Ibbotson Associates announced yesterday that it has successfully patented the process of re-balancing a retirement portfolio as an investor ages.  Said the firm: "Ha! Ha!  We got dibs!  Stampsies, no erasies!".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/16/morningstar-patents-saving-for-retirement/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Sustainability in Hedge Fund Performance: New Insights</title>
		<link>http://allaboutalpha.com/blog/2007/07/09/the-sustainability-in-hedge-fund-performance-new-insights/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/09/the-sustainability-in-hedge-fund-performance-new-insights/#comments</comments>
		<pubDate>Mon, 09 Jul 2007 21:25:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2745</guid>
		<description><![CDATA[By: Daniel Capocci (HEC)
Published: July 2007
Abstract: This study analyses and decomposes hedge fund returns in order to determine a systematic hedge fund selection criterion that enables investors to consistently and significantly outperform equity and bond indices over a full market cycle and over bull and bear market conditions. The methodology used is adapted from Capocci [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/09/the-sustainability-in-hedge-fund-performance-new-insights/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication Beyond Alphas and Betas</title>
		<link>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/#comments</comments>
		<pubDate>Mon, 09 Jul 2007 02:01:33 +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=2770</guid>
		<description><![CDATA[By: Ernst Eberlein (University of Freiburg) &#38; Dilip B. Madan (University of Maryland)
Published: July 2007
Abstract: The concept of the gamma of a financed return as the highest level of stress that a return distribution can withstand is introduced. The various stress levels passed describe convex cones of acceptable cash flows that start with positive expectation [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Peter Bernstein&#8217;s Personal Hall of Fame</title>
		<link>http://allaboutalpha.com/blog/2007/06/03/peter-bernsteins-personal-hall-of-fame/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/03/peter-bernsteins-personal-hall-of-fame/#comments</comments>
		<pubDate>Mon, 04 Jun 2007 00:45:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/03/peter-bernsteins-personal-hall-of-fame/</guid>
		<description><![CDATA[Peter Bernstein's new book "Capital Ideas Evolving" is built on a foundation of interviews with approximately 20 individuals that Bernstein feels represent the recent evolution of financial theory.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/03/peter-bernsteins-personal-hall-of-fame/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		</item>
		<item>
		<title>The Effect of Shortfall as a Risk Measure for Portfolios with Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2007/05/24/the-effect-of-shortfall-as-a-risk-measure-for-portfolios-with-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/24/the-effect-of-shortfall-as-a-risk-measure-for-portfolios-with-hedge-funds/#comments</comments>
		<pubDate>Thu, 24 May 2007 18:13:28 +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=4024</guid>
		<description><![CDATA[By: Andre Lucas (VU University Amsterdam and Tinbergen Institute) and Arjen Siegmann (VU University Amsterdam and Bank of the Netherlands)
Published: May 2007
Abstract: Current research suggests that the large downside risk in hedge fund returns disqualifies the variance as an appropriate risk measure. For example, one can easily construct portfolios with nonlinear pay-offs that have both [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/24/the-effect-of-shortfall-as-a-risk-measure-for-portfolios-with-hedge-funds/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>Mommy, Where do alphas come from?</title>
		<link>http://allaboutalpha.com/blog/2007/05/15/mommy-where-do-alphas-come-from/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/15/mommy-where-do-alphas-come-from/#comments</comments>
		<pubDate>Wed, 16 May 2007 00:35:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/15/mommy-where-do-alphas-come-from/</guid>
		<description><![CDATA[MIT's Andrew Lo releases a new paper that introduces a new measure of alpha - the "active component".  Lo argues that in truly active funds portfolio weightings are correlated to individual security returns. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/15/mommy-where-do-alphas-come-from/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Where Do Alphas Come From?  A New Measure of the Value of Active Investment Management</title>
		<link>http://allaboutalpha.com/blog/2007/05/15/where-do-alphas-come-from-a-new-measure-of-the-value-of-active-investment-management/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/15/where-do-alphas-come-from-a-new-measure-of-the-value-of-active-investment-management/#comments</comments>
		<pubDate>Tue, 15 May 2007 21:21:27 +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=2445</guid>
		<description><![CDATA[By: Andrew Lo
Published: May 2007
Abstract: The value of active investment management is traditionally measured by alpha, beta, tracking error, and the Sharpe and information ratios. These are essentially static characteristics of the marginal distributions of returns at a single point in time, and do not incorporate dynamic aspects of a manager&#8217;s investment process. In this [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/15/where-do-alphas-come-from-a-new-measure-of-the-value-of-active-investment-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capital Ideas Evolving</title>
		<link>http://allaboutalpha.com/blog/2007/05/14/capital-ideas-evolving/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/14/capital-ideas-evolving/#comments</comments>
		<pubDate>Mon, 14 May 2007 22:39:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Recommended Books]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2248</guid>
		<description><![CDATA[Title: Capital Ideas Evolving
Author: Peter Bernstein
Published: May 2007
From Publisher: Follow-up to Bernstein’s landmark work, Capital Ideas (1992), which described the breakthrough financial theories of a small group of academics, including Paul Samuelson, Harry Markowitz, Bill Sharpe, Jack Treynor, Eugene Fama, Robert C. Merton, Fischer Black, and Myron Scholes. Their pioneering insights laid the intellectual groundwork [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/14/capital-ideas-evolving/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Poll of institutional investors shows they face a &quot;sea of ambiguity&quot;</title>
		<link>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/#comments</comments>
		<pubDate>Wed, 09 May 2007 23:26:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/</guid>
		<description><![CDATA[The benefits, costs and risks of 130/30, portable alpha, hedge funds and other emerging investment techniques are now quite clear to those immersed in the hedge fund and asset management community.  As we debate abstract ideas such as market inefficiencies, it&#8217;s easy to become frustrated with the pace of adoption.  But the fact remains that communicating these ideas to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat Launches New Broadside on Hedge Fund Replicators</title>
		<link>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/#comments</comments>
		<pubDate>Tue, 01 May 2007 00:31:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</guid>
		<description><![CDATA[Professor Harry Kat of the Cass Business School at City University, London, has been a thorn in the side of the hedge fund industry for several years now.  And today (April 30), he released his latest attack on the sector, reserving his sharpest barbs for the hedge fund replicators themselves.  In fact, he concludes his [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Downward-sloping security market line: a sign the end is nigh?</title>
		<link>http://allaboutalpha.com/blog/2007/04/29/downward-sloping-security-market-line-a-sign-the-end-is-nigh/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/29/downward-sloping-security-market-line-a-sign-the-end-is-nigh/#comments</comments>
		<pubDate>Mon, 30 Apr 2007 03:00:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/29/downward-sloping-security-market-line-a-sign-the-end-is-nigh/</guid>
		<description><![CDATA[Here is yet more evidence that high volatility stocks do not necessarily out perform low volatility stocks.  A new research paper by the brainiacs at Dutch institutional investment manager Robeco shows that not only don&#8217;t high-vol stocks outperform low-vol stocks, but they actually underperform them.  You heard right.  The security market line (SML) slopes down, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/29/downward-sloping-security-market-line-a-sign-the-end-is-nigh/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alpha-centric Investing on Main Street</title>
		<link>http://allaboutalpha.com/blog/2007/04/25/alpha-centric-investing-on-main-street/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/25/alpha-centric-investing-on-main-street/#comments</comments>
		<pubDate>Thu, 26 Apr 2007 00:11:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/25/alpha-centric-investing-on-main-street/</guid>
		<description><![CDATA[A financial advisor predicts in this month's Financial Advisor magazine that "In the years to come, advisors will use alpha as a basis for charging client fees."]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/25/alpha-centric-investing-on-main-street/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Value Premium: value pricing, or just a flat tire?</title>
		<link>http://allaboutalpha.com/blog/2007/04/17/the-value-premium-value-pricing-or-just-a-flat-tire/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/17/the-value-premium-value-pricing-or-just-a-flat-tire/#comments</comments>
		<pubDate>Tue, 17 Apr 2007 22:07:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/17/the-value-premium-value-pricing-or-just-a-flat-tire/</guid>
		<description><![CDATA[Researchers say the value factor in the Fama &#038; French model is ill-defined and needs to be split in two, one factor for "structural" value and one for "transitory" value.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/17/the-value-premium-value-pricing-or-just-a-flat-tire/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Buffett and the &#8220;2-and-20 crowd&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/04/06/buffet-and-the-2-and-20-crowd/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/06/buffet-and-the-2-and-20-crowd/#comments</comments>
		<pubDate>Fri, 06 Apr 2007 20:59:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/06/buffet-and-the-2-and-20-crowd/</guid>
		<description><![CDATA[Warren Buffett's 2006 letter to Berkshire Hathaway shareholders takes a swipe at what he calls "the 2 and 20 crowd" (a.k.a. hedge funds).  But if Berkshire was a mutual fund, it wouldn't come that cheap either...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/06/buffet-and-the-2-and-20-crowd/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CAPM&#8217;s problem?  Our quest for &#8220;status&#8221; over &#8220;wealth&#8221;.</title>
		<link>http://allaboutalpha.com/blog/2007/04/06/capms-problem-our-quest-for-status-over-wealth/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/06/capms-problem-our-quest-for-status-over-wealth/#comments</comments>
		<pubDate>Fri, 06 Apr 2007 12:53:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/06/capms-problem-our-quest-for-status-over-wealth/</guid>
		<description><![CDATA[Why do high beta stocks not produce the returns forcasted by the CAPM?  The author of this new paper says it's because we seek not only absolute wealth, but "relative status".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/06/capms-problem-our-quest-for-status-over-wealth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Accidental Alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/#comments</comments>
		<pubDate>Fri, 02 Mar 2007 00:04:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/</guid>
		<description><![CDATA[Will hedge funds regress towards index-like products?
By: William Fung, London Business School &#38; David Hsieh, Duke University
Published: January 2007
Will hedge funds succumb to the same fate as large chunks of the mutual fund industry: commoditization through ETFs and index funds?  Merrill Lynch seemed to think so last October.  And now, so do academics William Fung and David Hsieh.  [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/01/accidental-alpha/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Study is first to look under the hood to study hedge fund &#8220;skill&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/02/28/study-is-first-to-look-under-the-hood-to-study-hedge-fund-skill/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/28/study-is-first-to-look-under-the-hood-to-study-hedge-fund-skill/#comments</comments>
		<pubDate>Thu, 01 Mar 2007 02:26:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/28/study-is-first-to-look-under-the-hood-to-study-hedge-fund-skill/</guid>
		<description><![CDATA[How Smart are the Smart Guys?  A Unique View from Hedge Fund Stock Holdings.
By: John Griffin, University of Texas &#38; Jin Xu, Zebra Capital Management
Published: August 21, 2006
Thanks go out to Mebane Faber at WorldBeta for giving us the heads up about this article.   Mebane has an interesting blog that amounts to a live test of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/28/study-is-first-to-look-under-the-hood-to-study-hedge-fund-skill/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Conference Notebook (Day Two)</title>
		<link>http://allaboutalpha.com/blog/2007/02/13/conference-notebook-day-two/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/13/conference-notebook-day-two/#comments</comments>
		<pubDate>Wed, 14 Feb 2007 00:41:39 +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/conference-notebook-day-two/</guid>
		<description><![CDATA[Global Risk Appetite: The mother of all betas?
One rainy day in 1997, Jonathan Wilmot, Chief Global Strategist at Credit Suisse became frustrated with using simple equity risk premiums as a proxy for global risk appetite. He wondered if he could better measure our inherent appetite for risk. Out of this experience was born the Credit [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/13/conference-notebook-day-two/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CAPM is C.R.A.P.: Dresdner Kleinwort Economist</title>
		<link>http://allaboutalpha.com/blog/2007/01/31/capm-is-crap-dresdner-kleinwort-economist/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/31/capm-is-crap-dresdner-kleinwort-economist/#comments</comments>
		<pubDate>Thu, 01 Feb 2007 02:52:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/31/capm-is-crap-dresdner-kleinwort-economist/</guid>
		<description><![CDATA[&#8220;CAPM is CRAP, or, The Dead Parrot Lives&#8221;
By: James Montier, Dresdner Kleinwort
Published: January 29, 2007, John Mauldin&#8217;s &#8220;Outside the Box&#8221;
John Mauldin is a big fan of James Montier, the 34 year old Dresdner Kleinwort economist who literally wrote the book on behavioral finance.  Montier also wrote a chapter in Mauldin&#8217;s 2006 book &#8220;Just One Thing&#8221; [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/31/capm-is-crap-dresdner-kleinwort-economist/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>The Whole Enchilada</title>
		<link>http://allaboutalpha.com/blog/2007/01/23/the-whole-enchilada/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/23/the-whole-enchilada/#comments</comments>
		<pubDate>Wed, 24 Jan 2007 02:18:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/23/the-whole-enchilada/</guid>
		<description><![CDATA[&#8220;Engineering Targeted Returns and Risks&#8221;
By: Ray Dalio, Bridgewater Associates
Published: December 31, 2005
As regular readers may recall, Alpha Male was at a hedge fund conference last fall involving a large number of institutional investors.  While the &#8220;main stream media&#8221; was not invited, AllAboutAlpha.com was able to report on a few general themes and some of the extra-curricular events.  One of the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/23/the-whole-enchilada/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Best Business Model &#8211; Ever</title>
		<link>http://allaboutalpha.com/blog/2007/01/15/the-best-business-model-ever/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/15/the-best-business-model-ever/#comments</comments>
		<pubDate>Tue, 16 Jan 2007 00:24:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/15/the-best-business-model-ever/</guid>
		<description><![CDATA[This is the third and final posting on Alexander Ineichen&#8217;s new book Asymmetric Returns.  In it, Ineichen argues that alpha is the result, not of security-selection per se, but of downside risk mitigation.  He rounds out the 300-page book with a discussion of the implications for asset managers and the future of alpha.
A License to Print Money
What [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/15/the-best-business-model-ever/feed/</wfw:commentRss>
		<slash:comments>1</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>Net Inflows and Time-Varying Alphas: The Case of Hedge Funds</title>
		<link>http://allaboutalpha.com/blog/2007/01/08/net-inflows-and-time-varying-alphas-the-case-of-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/08/net-inflows-and-time-varying-alphas-the-case-of-hedge-funds/#comments</comments>
		<pubDate>Tue, 09 Jan 2007 00:30:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/08/net-inflows-and-time-varying-alphas-the-case-of-hedge-funds/</guid>
		<description><![CDATA[By: Andrea Beltratti, Bocconi University &#38; Claudio Morana, ICER &#38; Michigan State University
Published: October 1, 2006
Remember that kid on your block who used to get kicks out of handing you a garden hose on a hot summer day, then cranking the faucet to &#8220;full&#8221; in an attempt to squeeze the insides of your head out your eye-sockets?  If any [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/08/net-inflows-and-time-varying-alphas-the-case-of-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Barclays PhD&#8217;s Build Hedge Fund Giant Inside No. 3 U.K. Bank</title>
		<link>http://allaboutalpha.com/blog/2007/01/05/barclays-phds-build-hedge-fund-giant-inside-no-3-uk-bank/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/05/barclays-phds-build-hedge-fund-giant-inside-no-3-uk-bank/#comments</comments>
		<pubDate>Sat, 06 Jan 2007 01:44:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/05/barclays-phds-build-hedge-fund-giant-inside-no-3-uk-bank/</guid>
		<description><![CDATA[By: Edward Robinson, Bloomberg News
Published: January 5, 2007
This article provides an interesting follow-up to a Barron&#8217;s piece in October on BGI&#8217;s &#8220;Triumph of the Nerds&#8221; that also discussed the Genesis of BGI &#8211; a team that included William Sharpe, Eugene Fama, Fischer Black, Myron Scholes, &#38; Barr Rosenberg.  Not since the movie &#8220;The Breakfast Club&#8221; have [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/05/barclays-phds-build-hedge-fund-giant-inside-no-3-uk-bank/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lifting the Hood</title>
		<link>http://allaboutalpha.com/blog/2007/01/02/lifting-the-hood/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/02/lifting-the-hood/#comments</comments>
		<pubDate>Tue, 02 Jan 2007 19:53:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/02/lifting-the-hood/</guid>
		<description><![CDATA[By: Pierre St. Laurent, Advisors Edge Magazine
Published: November 2006
This article from a leading Canadian publication for financial advisors contains an article that succinctly shows how a mutual fund can be thought of as a marketing package for an embedded ETF and an embedded market neutral hedge fund.  In it, columnist Pierre St. Laurent interviews the head [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/02/lifting-the-hood/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Winners &amp; Losers: It Takes All Kinds to Make the Alpha Game Work</title>
		<link>http://allaboutalpha.com/blog/2007/01/02/winners-losers-it-takes-all-kinds-to-make-the-alpha-game-work/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/02/winners-losers-it-takes-all-kinds-to-make-the-alpha-game-work/#comments</comments>
		<pubDate>Tue, 02 Jan 2007 05:11:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/02/winners-losers-it-takes-all-kinds-to-make-the-alpha-game-work/</guid>
		<description><![CDATA[By: Tristram Lett, Integra Capital
Published: Winter 2006, Canadian Investment Review
The term &#8220;zero sum game&#8221; generally describes a somewhat negative predicament.  For example, the field of psychology calls zero-sum games &#8221;social traps&#8221; (MAD &#8211; mutually assured destruction, being one such trap).  Generally speaking a zero-sum game (such as chess) has one winner and one loser &#8211; no ties.
As William Sharpe [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/02/winners-losers-it-takes-all-kinds-to-make-the-alpha-game-work/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sharpe to Fama &amp; French: Beta&#8217;s Death Announcement is &#8220;Highly Premature&#8221;</title>
		<link>http://allaboutalpha.com/blog/2006/12/27/sharpe-to-fama-french-betas-death-announcement-is-highly-premature/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/27/sharpe-to-fama-french-betas-death-announcement-is-highly-premature/#comments</comments>
		<pubDate>Thu, 28 Dec 2006 04:20:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/27/sharpe-to-fama-french-betas-death-announcement-is-highly-premature/</guid>
		<description><![CDATA[Fama/French groupies beware, in his new book &#8220;Investors &#38; Markets&#8220;, William Sharpe has a warning for you: the expected out performance of value &#38; small-cap stocks may be a pipe dream.  On page 200 of his book, Sharpe concludes that &#8220;the announcement of the death of beta appears to be highly premature.&#8221;
Explains Sharpe:
&#8220;In recent years, some researchers have concluded that [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/27/sharpe-to-fama-french-betas-death-announcement-is-highly-premature/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>William Sharpe: Institutional Asset Allocation Studies &#8220;Inferior&#8221;</title>
		<link>http://allaboutalpha.com/blog/2006/12/20/william-sharpe-institutional-asset-allocation-studies-inferior/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/20/william-sharpe-institutional-asset-allocation-studies-inferior/#comments</comments>
		<pubDate>Thu, 21 Dec 2006 03:42:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/20/william-sharpe-institutional-asset-allocation-studies-inferior/</guid>
		<description><![CDATA[Alpha Male has just finished reading William Sharpe&#8217;s new book, &#8220;Investors and Markets&#8220;.  While it&#8217;s not an easy read (think second year university microeconomics), Sharpe is always relatively accessible when compared to others of his pedigree.  The book raises a number of issues that are relevant to this blog.  Over the next few weeks, we will attempt [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/20/william-sharpe-institutional-asset-allocation-studies-inferior/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Performance measurement for hedge funds with neural network derived benchmarks</title>
		<link>http://allaboutalpha.com/blog/2006/12/18/performance-measurement-for-hedge-funds-with-neural-network-derived-benchmarks/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/18/performance-measurement-for-hedge-funds-with-neural-network-derived-benchmarks/#comments</comments>
		<pubDate>Mon, 18 Dec 2006 23:59:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/18/performance-measurement-for-hedge-funds-with-neural-network-derived-benchmarks/</guid>
		<description><![CDATA[By: Ramin Baghai-Wadji &#38; Stefan Klocker, Vienna University of Economics and Business Administration
Published: May 20, 2006
Assuming hedge fund beta exists, determining the amount of alpha produced by a manager requires one to know what particular hedge fund beta a manager is leveraging.  So the identification of a hedge fund as being say, &#8221;merger arb&#8221; or &#8220;distressed&#8221; is critical in determining [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/18/performance-measurement-for-hedge-funds-with-neural-network-derived-benchmarks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shark Attacks, Fast Food, Bad Drivers and No Place to Hide</title>
		<link>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/#comments</comments>
		<pubDate>Tue, 12 Dec 2006 23:57:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/</guid>
		<description><![CDATA[This is the final dispatch from Alpha Male&#8217;s road trip to Institutional Investor&#8217;s Alpha Generation Forum in New York last week.
I&#8217;d be the first to admit alpha centric investing (portable alpha, active overlays, 1X0/X0 strategies, hedge funds, ETFs etc.) can be brutally boring sometimes.
But to their credit, the speakers at this event kept us all [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Who Needs Hedge Funds?  A Copula-Based Technique for Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/#comments</comments>
		<pubDate>Wed, 29 Nov 2006 03:07:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/</guid>
		<description><![CDATA[By: Harry Kat &#38; Helder Palaro, Cass Business School, City University London
Published: November 23, 2005
Kat &#38; Palaro&#8217;s hedge fund replication technique was first introduced in this 2005 paper.  In it, they chronicle the performance-fueled genesis of today&#8217;s hedge fund industry and then juxtapose this against the recent trend toward hedge funds as a diversifier, not simply a return [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/28/who-needs-hedge-funds-a-copula-based-technique-for-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Can Hedge-Fund Returns Be Replicated?: The Linear Case</title>
		<link>http://allaboutalpha.com/blog/2006/11/01/can-hedge-fund-returns-be-replicated-the-linear-case/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/01/can-hedge-fund-returns-be-replicated-the-linear-case/#comments</comments>
		<pubDate>Thu, 02 Nov 2006 00:53:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/01/can-hedge-fund-returns-be-replicated-the-linear-case/</guid>
		<description><![CDATA[By: Jasmina Hasanhodzic &#038; Andrew Lo, MIT
Published: August 16, 2006
 
This is a much-cited paper that aims to explain the returns of hedge funds, in aggregate, using several risk factors.  The conclusion:
&#8220;This raises the possibility of creating passive replicating portfolios or clones using liquid exchange-traded instruments that provide similar risk exposures at lower cost and with greater [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/01/can-hedge-fund-returns-be-replicated-the-linear-case/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Send in the clones</title>
		<link>http://allaboutalpha.com/blog/2006/10/29/send-in-the-clones/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/29/send-in-the-clones/#comments</comments>
		<pubDate>Mon, 30 Oct 2006 02:46:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/29/send-in-the-clones/</guid>
		<description><![CDATA[By: The Economist
Published: October 28, 2006
Maybe Alpha Male wasn&#8217;t the only one paying particularly close attention to David Hsieh&#8217;s recent opining about &#8220;hedge fund beta&#8221;.   This week&#8217;s Economist cited his research in a story about the rising interest in &#8220;cloning&#8221; hedge funds using cheap, liquid instruments.
&#8220;The result could be a cheap competitor for the hedge-fund titans, akin [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/29/send-in-the-clones/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Merrill Lynch: &#8220;New Alternatives in Alternative Investing&#8221;</title>
		<link>http://allaboutalpha.com/blog/2006/10/21/merrill-lynch-new-alternatives-in-alternative-investing/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/21/merrill-lynch-new-alternatives-in-alternative-investing/#comments</comments>
		<pubDate>Sun, 22 Oct 2006 01:28:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/21/merrill-lynch-new-alternatives-in-alternative-investing/</guid>
		<description><![CDATA[By: Benjamin Bowler, Heiko Ebens, John Davi &#038; Giovanni Amanti, Merrill Lynch
Published: October 18, 2006
The end is nigh!  The end is nigh!  A new report from Merrill Lynch suggests the hedge fund industry faces the dreaded &#8220;Y2011 Problem&#8221;.   
They point out that the growth trajectory for the number of US mutual funds in the 1980&#8217;s and 90&#8217;s is a dead ringer [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/21/merrill-lynch-new-alternatives-in-alternative-investing/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
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		<title>Investors and Markets</title>
		<link>http://allaboutalpha.com/blog/2006/10/14/investors-and-markets/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/14/investors-and-markets/#comments</comments>
		<pubDate>Sat, 14 Oct 2006 22:59:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Recommended Books]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2256</guid>
		<description><![CDATA[Title: Investors and Markets
Author: William Sharpe
Published: October 2006
From Publisher: William Sharpe shows that investment professionals cannot make good portfolio choices unless they understand the determinants of asset prices. But until now asset-price analysis has largely been inaccessible to everyone except PhDs in financial economics. In this book, Sharpe changes that by setting out his state-of-the-art [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/14/investors-and-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Rethinking CAPM</title>
		<link>http://allaboutalpha.com/blog/2006/10/10/rethinking-capm/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/10/rethinking-capm/#comments</comments>
		<pubDate>Wed, 11 Oct 2006 01:21:22 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/10/rethinking-capm/</guid>
		<description><![CDATA[By: Joel Chernoff, Pensions &#38; Investments
Published: October 2, 2006
This month, William Sharpe releases &#8220;CAPM v2.0&#8243; to the world in the form of a new book updating the much-heralded Capital Asset Pricing Model (Investors and Markets: Portfolio Choices, Asset Prices and Investment Advice) .  But before you throw-out CAPM v1.0, please note that v2.0 is only a patch [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/10/rethinking-capm/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
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