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There has been a flurry of activity in the 130/30 space so far this month that seems to rival the hoopla over US college basketball. No sooner had Merrill Lynch released its report on 130/30 than State Street landed a 165 million GBP mandate.
So called “130/30″ strategies have been bubbling up in the asset management community for some time now. But things boiled over with the release of Merrill Lynch’s report on Tuesday – moving 130/30 from the industry rags (like this one) to the mainstream (UK, Canada, US). In that report, Merrill Lynch said: “We are expecting a wave [...]
This is the second installment of notes from Alpha Male’s recent road trip to the Big Apple to attend Institutional Investor’s Alpha Generation Forum last week. Ingrid Tierens of Goldman Sachs has heard just about every name there is for 130/30 strategies”. In fact, she told an audience of portable alpha practitioners last Thursday that one of her clients [...]
By: Ric Thomas, State Street Global Advisors Published: April 13, 2006 State Street provides us with a public service here by helping us figure out if 1X0/X0 strategies are really just hedge funds in drag. They set out to compare 130/30 “short-extension” strategies with “equitized long/short funds” (i.e. dollar-neutral long/short portfolios sitting on top of a whack of beta): “…one could [...]
