What happens when a hedge fund gets a windfall of new investment dollars?

A paper published by he European Central Bank this month argues that purely-financial investors do indeed "destabilize" oil prices by indiscriminately allocating capital to oil futures.

A new report on the needs of institutional hedge fund investors amounts to a manifesto for reform among the world's hedge fund managers.

A new survey of diamond auctions finds that diamonds are as Sharpe as bonds. Really.

Traffic at airports, on railroads, and on toll highways is pretty stable. So you might expect investments in these assets to be commensurately stable, but think again...

After being castigated in 2003 for their cozy relationship with their i-banking brethren, equity research departments are now accused of being in cahoots with the hedge fund community.

A new study finds that the downside to providing position-level transparency (to some investors at least) is basically zero. Good news if you're a hedge fund offering managed accounts.

After nearly 5 years at the helm of AllAboutAlpha.com and over 1,000 posts covering hedge funds, private equity, and other alternative investments, I'm handing over the reins to one of the industry's finest...

It's tough to find a benchmark that fits snugly but doesn't cause blisters.

Most sovereign wealth funds have two objectives: to make money and to achieve the state's economic development objectives. Two scholars recently tried to measure the possible "tension" between these competing interests. What they found will be very useful for anyone trying to sell their services to a SWF.

A recent study suggests to at least one mass media outlet that hedge funds should mind their own business and not by nosy about other hedge funds' trades. But a closer reading of the study suggests to us that it's extremely difficult to measure the vast array of social interactions in Hedgistan.

A recent research note concludes that alpha (as a performance measure) passed away recently after along battle with beta-tosis and several other ailments. But wait! Did Alpha's nose just twitch?

The University of Texas endowment recently revealed that it had nearly $1 billion of gold hidden away in their basement. This might be a good time to revisit whether US endowments are really that smart.

If only the marketplace for alpha fit neatly into a model from an Economics textbook.

Everyone is talking about how institutional investors are beating up hedge fund managers on fees these days. But it seems the empirical evidence suggests otherwise. In fact, dropping fees may be the worst thing a hedge fund can do after a rough patch.

The arbiters of quality investment reporting have released a new set of draft guidelines of hedge fund managers. Most of it is simply a restatement of existing guidelines, but some is designed specifically for hedge funds.

Many commentators point to the mismatch between the liquidity terms of funds of funds and those of their underlying managers as a reason for the challenges faced by many funds of funds. But do the numbers support this conclusion?

Sometimes it helps to look back on the history and evolution of hedge funds for clues about how to solve today's challenges.

A new study shows that the adoption of alternative investments by pension funds is really just part of a longer term trend toward specialization in investment management (think: hedge funds).

Finally, a version of the Fundamental Law that fundamental managers can actually use. But be forewarned, if you're a fundamental mutual fund manager, you won't like what it has to say...

A study of 125 U.S. state pension plans reveals that management incentives, misguided accounting standards and conflicting interests could perpetuate a funding gap roller coaster.

Real estate and infrastructure are usually considered separate asset classes. But a new study suggests that they diversify a portfolio by diversifying each other – at least on the downside.

Brazil's "multimercado" funds are often described as a form of well-regulated hedge funds. But new research suggests that may be stretching the truth just a little.

Currency markets basically follow a random walk. But according to a new study, the returns from currency hedge funds are anything but random.

For the past few years, the proportion of "long-only" hedge funds in Asia has been rising steadily. This, as the proportion of long/short hedge funds falls in tandem.

A new study of stocks with high hedge fund ownership claims that something fishy is going on at the end of every month.

Special to AllAboutAlpha.com by: By Mikhail Iliev, Who’s In My Fund? Law enforcers love their new game: Get the Inside Trader. But lawmakers ought to put an end to the party and legalize insider trading, at least in part, because it’ll make our markets work better. Congress should also leave it up to the corporation who owns [...]

A working paper by researchers at the IMF suggests there are four relatively distinct types of sovereign wealth funds. And once you know the fund type, you can guess at their appetite for alternative investments.

Thought managers in "inefficient markets" like emerging markets or small cap equities had the advantage when it comes to alpha-generation? Maybe not...

Full points for stamina! After dropping by more than half between 2006 and 2008, REITs are nearly back to their pre-crash size. But do they have what it takes to succeed in the long term?

Despite being raised in different homes, it turns out that funds of private equity funds face some of the same genetic realities as their hedge fund brethren.

What the Dickens?! Although financial bubbles look pretty similar on the outside, it turns out that they may be more like snowflakes: no two are the same.

Do hedge funds really care about being the "best"?

A new research study by Singapore's GFIA explores the "different world" created by the global financial crisis.

Respondents to a major annual poll say that alternative investments will soon be "as", "more" or "much more" important than long-only stocks and bonds.

If a recent study of French institutional investors can be applied to a recent report on US equity markets, alpha opportunities abound for years to come.

One of the world's largest institutional investors in private equity funds recently invited academics to study it's decades' worth of secret fund data. What those researchers found might surprise you.

Maybe it's about time we dispense with the antiquated notion that "hedge fund replication" is all about actually "replicating" anything.

The ubiquitous Sharpe ratio ignores those pesky "higher moments." But evidently, that's not all it lacks.

Hedge fund indexes are often said to contain inherent biases - biases not shared by their investable counterparts. Now, new research sheds light on one source of the divergence between these two types of indexes.

Hedge fund crusader Phil Goldstein is back in court appealing a verdict that he says is unconstitutional. But this time around, the opinions of a small group of journalists, academics and students could have a profound and lasting impact on the way hedge funds communicate with the outside world.

Thought commodities were going to be man's best friend when inflation strikes? You might want to read this...

A transnational study of mutual funds sheds light on one of the secrets of hedge funds' overall success.

If only you could just ask a hedge fund manager if he was cooking the books...

Hedge fund allocations at US pension funds could be the victim or the beneficiary of changes to pension rules currently being debated internationally.

It might be true that rotating among individual managers is an important source of returns for funds of funds. But research suggests you shouldn't give up on strategy-diversification just yet.

Yes Virginia, there is hedge fund alpha.

Like having snow tires, hedge fund risk modeling can better predict how a vehicle will perform in terrible weather.

A recent poll of institutional investors reveals "bullishness" about alternative investments, but also provides some food for thought about emerging managers, liquidity and return chasing.

Yes. You read it right. Regulations that could actually lead to more alpha? Hey, it can happen.