Guest Posts

China’s Oil Giant At Center Of Corruption Probe

May 27th, 2014 | Filed under: Energy, Featured Post, Guest Posts

Oilprice.com's Ky Krauthamer looks at corruption in China's oil industry.


The Skorina Report: Endowment Performance at Flagship State Schools

May 22nd, 2014 | Filed under: Alpha Hunters, Endowments & Foundations, Featured Post, Guest Posts, Performance, Analytics & Metrics, The Skorina Report, Today's Post

Charles Skorina revisits his famous "public Ivys" study.


The Skorina Report: PIMCO’s Heir-apparent goes missing

Apr 10th, 2014 | Filed under: Asset allocation, Guest Posts, Institutional Investing, The Skorina Report, Today's Post

Charles Skorina looks at the implications of El-Erian "disappearing" from PIMCO.


The Skorina Report: The Ivy Leagues Prove Allocation Isn’t Destiny

Feb 6th, 2014 | Filed under: Alpha Hunters, Guest Posts, Institutional Investing, The Skorina Report, Today's Post

The Skorina Report looks at the returns of the Ivy Leagues, which show allocation is not destiny.


Time for a Reset

Oct 10th, 2013 | Filed under: Editorial, Today's Post

By John Brynjolfsson, Chief Investment Officer, Armored Wolf The nation is at an impasse. Though some may quip that markets have barely reacted to the shutdown, and pending debt ceiling crisis, Washington gridlock has costs. Perhaps not catastrophic at the scale of a nuclear attack, or a Lehman crisis, and perhaps exaggerated by Republicans and […]


Not the Time for Political Calculus Regarding Bombing Syria

Aug 31st, 2013 | Filed under: Editorial, Letters to the Editor

Guest columnist John Brynjolfsson looks at the market repercussions of the Syria issue.


Surfing the sustainable investing L-curve: A noble way to lose money?

Aug 26th, 2013 | Filed under: Institutional Investing, Socially responsible investing, The Skorina Report, Today's Post

Guest columnist Charles Skorina looks at sustainable investing and asks the question: Is it sustainable?


The Skorina Report: Fees vs. performance: Jeff Hooke tilts at the public pension windmill

Aug 18th, 2013 | Filed under: Institutional Investing, Investment Management Fees, The Skorina Report, Today's Post

Guest columnist Charles Skorina looks at pension funds and fees and finds....


Christmas in Cambridge: HMC gives themselves a raise

Jun 20th, 2013 | Filed under: Institutional Investing, The Skorina Report, Today's Post

Charles Skorina looks at compensation at the big endowments.


Going Public: Endowment performance at our great state universities

May 5th, 2013 | Filed under: The Skorina Report, Today's Post

Guest columnist Charles Skorina looks at the performance of the "public ivies."


Risk Management versus Risk Mitigation & Absolute Return versus Hedge Funds

Jan 31st, 2013 | Filed under: Alpha Strategies, Best Practices, Editorial, Hedge Fund Industry Trends, Today's Post

Rene Levesque looks at risk management and absolute return from an industry practitioner's point of view.


Drucker: In search of responsibility

Jan 10th, 2013 | Filed under: Institutional Investing, The Skorina Report, Today's Post

Charles Skorina looks at the pension fund situation and what's changed over the years and what hasn't...


The Game of Fiscal Cliff

Dec 18th, 2012 | Filed under: Editorial, Today's Post

Be first to find your Moral Compass and avoid the perils of the Fiscal Cliff.


Funds of Hedge Funds May Be Down, But Don’t Count Them Out

Dec 6th, 2012 | Filed under: Alpha Strategies, Guest Posts, Hedge Fund Industry Trends, High-net-worth investors, Institutional Investing, Today's Post

Away from the bleak headlines, the funds of hedge funds industry is quietly reinventing itself.


A Lack of Rigor in ‘The Hedge Fund Mirage’

Nov 15th, 2012 | Filed under: Guest Posts, Timely Research, Today's Post

Andrew Beer looks at the underpinnings of The Hedge Fund Mirage.


Frankenstorm, the Not So Black Swan: Climate as the New Risk Variable

Nov 13th, 2012 | Filed under: Alpha Strategies, Editorial, Today's Post

Columnist Doug Friedenberg looks at why the American understanding of climate science has been exceptional, why substantial financial interests may bring it in line with the rest of the planet, and why portfolio managers should care in the first place.


Asset Management and the Future Global Pension Crisis

Nov 6th, 2012 | Filed under: Editorial, Institutional Investing, Today's Post

Shane Brett looks at the future of global pensions and what he sees isn't pretty.


Hedge Funds Must Embrace the New Communications Landscape Post-JOBS Act

Oct 30th, 2012 | Filed under: Editorial, Guest Posts, Today's Post

Nick Lawler on the JOBS Act.


Vale: Jacques Barzun

Oct 29th, 2012 | Filed under: Editorial, Today's Post

The wonderful French-born but long-since Americanized scholar Jacques Barzun died last week, October 25, 2012, roughly a month short of what would have been his 105th birthday. I won’t write him an obituary. Many fine samples of that craft are available. Here is a link to one from The New York Times that gives the […]


The Skorina Report: A Conversation with Srini Pulavarti

Aug 1st, 2012 | Filed under: Institutional Investing, The Skorina Report, Today's Post, Venture capital

Charles Skorina talks to Srini Pulavarti about the role of the outsourced CIO for endowments.


$58 trillion: The Gift that Keeps on Giving

Jul 22nd, 2012 | Filed under: Institutional Investing, The Skorina Report, Today's Post

Charles Skorina looks at the state of institutional assets.


Venture capital is not dead, but bad venture should be

Jun 29th, 2012 | Filed under: Editorial, Private Equity, Venture capital

A recent Kauffman Foundation Study draws daunting conclusions regarding their 20 year experience in the venture capital sector. AARM Founder, Gitanjali Swamy, believes Good Venture exists and shares a road map to help investors find attractive pockets of investment opportunities in venture. What do you think about the future of venture capital in the United States?


Fee Pushback in the Palmetto State: A Conversation with Curtis Loftis

Jun 28th, 2012 | Filed under: Institutional Investing, Investment Management Fees, The Skorina Report, Today's Post

Charles Skorina speaks with Curtis Loftis, Treasurer of South Carolina about investment fees.


A CAIA for the C-suite: Introducing Sam Gallo, USM Foundation’s new CIO

May 22nd, 2012 | Filed under: Alpha Hunters, The Skorina Report

Charles Skorina discusses what it takes to be a CIO with Sam Gallo.


The Bigger They Are, The Harder They (Should) Fail

May 17th, 2012 | Filed under: Editorial, Today's Post

Ron Resnick, a co-founder of the financial consulting firm CounselWorks, offers this view of the JPMorgan trading loss.


Alpha Hunters: The Macro View

Apr 24th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Guest Posts

By John Brynjolfsson, Armored Wolf The Armored Wolf investment team held its Secular Forum in late March. This is an annual opportunity to step back and discuss major themes in the upcoming investment environment. This was an effort to identify the dominant underlying forces likely to drive asset prices . Thorough discussion and analysis led […]


Democracy in Greece

Feb 13th, 2012 | Filed under: Guest Posts, Letter to the Editor

Letter to the Editor –John Brynjolfsson The intransigence of the Greek populace is no secret, or covert underground fringe movement. It’s near universal, but for 199 parliamentarians. Though the EU is trying to set up escrow accounts and other controls, it is time for EU to openly acknowledge what EU’s decisions over past six months […]


‘Turtles—Turtles—Turtles All the Way Down’

Nov 25th, 2011 | Filed under: Guest Posts, Today's Post

By John Brynjolfsson, CIO Armored Wolf As markets reel in the wake of the failed German Bund auction that occurred earlier this week, our beliefs regarding financial security are rightly shaken down to their very foundation, and below! After all, 10-Year government bonds, at least as introduced to students in business schools over the past […]


MF Global Liquidation Presents Unprecedented Test of U.S. Bankruptcy Regime for Dually Registered Brokers

Nov 23rd, 2011 | Filed under: Guest Posts

The collapse of MF Global is proving significant for reasons other than its being one of the ten largest bankruptcies in U.S. history, according to attorneys at Teigland-Hunt LLP.   Liquidation of MF Global will require the unprecedented application of two vastly different bankruptcy and customer asset protection regimes that lack harmonization. “The insolvency regimes for […]


Alpha Schmalpha: It’s not just ‘Greek’ to investors

Aug 23rd, 2011 | Filed under: CAIA Alternative Viewpoints Columns, Editor's Pick, Guest Posts, Hedge Fund Industry Trends, Today's Post

What's it all about, this alpha? And for that matter, where is it? Dr. Bob Swarup tackles the real meanings of alpha and beta.


Hedge Fund Indexes Learn to Walk Upright: Introducing the Hedge Fund Barometer

Jun 30th, 2011 | Filed under: Guest Posts, Today's Post

Hedge fund indexes have been around for as long as there have been hedge funds to index. As the industry evolves, so too the way it is measured must change. The Hedge Fund Barometer intends to change the way we measure hedge fund performance.


A Pared-Down Approach to Stock Picking

Mar 25th, 2011 | Filed under: Guest Posts, Today's Post

Special to AllAboutAlpha.com by: Paul Cantor, CFA, portfolio manager and Diane Harrison, Managing Director, Hercules Trading Fund, LLC Investors looking for opportunities in the hedge fund market first need to consider an overall strategy approach. The typical ‘Big Three’ are: 1) Directional, 2) Market-Neutral, and 3) Event-Driven. Directional strategies seek to anticipate market movements, market-neutral […]


Is now a good time to jump into the hedge fund waters?

Feb 14th, 2011 | Filed under: Guest Posts, Today's Post

Sure it's hard to start a hedge fund these days. But for some that obviously doesn't matter.


SEC Insider Trading Enforcement: A New Foreboding Tune For Investors

Nov 22nd, 2010 | Filed under: Guest Posts, Today's Post

By: Mikhail Iliev, head writer of Who’s In My Fund? Back in January, AAA asked whether the significant increase in proposed Securities and Exchange Commission examinations heralds a new era for hedge fund oversight. The question looks to be answered soon and most likely in the affirmative – at least in the context of insider trading. […]


Switching Horses Mid-Race: How to know when riding different betas creates alpha

Aug 10th, 2010 | Filed under: Guest Posts, Performance, Analytics & Metrics, Today's Post

Alpha doesn't always have to come from security selection - as today's guest contributor points out.


How much wood would a woodchuck allocate if a woodchuck would allocate part of his portfolio to wood?

May 19th, 2010 | Filed under: Commodities, Guest Posts, Institutional Investing, Today's Post

As alternative investors know, money does grow on trees after all. The trick is: how to harvest it.


What NASCAR Can Teach Us About Return Persistence

Apr 28th, 2010 | Filed under: Academic Research, CAIA Alternative Viewpoints Columns, CAPM / Alpha Theory, Guest Posts, Today's Post

At the very least, NASCAR and Formula One share two things in common with the alternative asset management industry...


“Alpha Extension” extended to emerging markets

Feb 28th, 2010 | Filed under: Academic Research, Guest Posts, Today's Post

Advocates of “short-extension” or “alpha-extension” strategies such as 130/30 funds often point out that traditional long-only managers are only able to bet against a stock by as much as that stock represents in the benchmark index.  After all, they argue, you can do no more than simply deciding not to hold a stock at all. […]


Comment: “Risk-based compensation” a more equitable approach

Jan 14th, 2010 | Filed under: Guest Posts, Today's Post

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.


Alternative Viewpoints: Due to funds’ lack of persistence, the Sharpe ratio has no validity as an investment decision tool

Oct 29th, 2009 | Filed under: Academic Research, CAIA Alternative Viewpoints Columns, Guest Posts, Today's Post

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, […]


A Reader Comments…

Oct 2nd, 2009 | Filed under: Guest Posts, Today's Post

The hedge fund space has become "contaminated", says this AllAboutAlpha.com reader.


Alternative Viewpoints: Using the Modified Sharpe & Information Ratios

Sep 2nd, 2009 | Filed under: CAIA Alternative Viewpoints Columns, Guest Posts, Today's Post

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.


Prominent researcher finds “Extreme Value Theory” can turn VaR into a better crystal ball

Jun 29th, 2009 | Filed under: Guest Posts, Today's Post

Who knew "Value at Risk" calculation was an extreme sport? Sure, it's not base jumping...But at least one prominent mathematician turned investment researcher says it's not far off.


Investing in hedge funds in emerging markets: the “prudent approach”

Jun 24th, 2009 | Filed under: Academic Research, Guest Posts, Today's Post

Emerging markets are emerging like crazy this spring. So why not just ride the (beta) wave? One expert finds that emerging market alpha can make life a lot more enjoyable.


“Illiquidity Premium” that fuelled endowment returns falls back to 2005 levels

May 7th, 2009 | Filed under: Guest Posts, Today's Post

Is the secret out when it comes to endowment returns?


Alternative Viewpoints: The Ascendancy of Risk Management

Apr 30th, 2009 | Filed under: CAIA Alternative Viewpoints Columns, Guest Posts, Today's Post

As GAIM Ops comes to a close, Abdul Sheikh, CAIA, of State Street argues that independent fund administration is now a no brainer.


Book Review: The Heretics of Finance – Conversations with Leading Practitioners of Technical Analysis

Apr 5th, 2009 | Filed under: Guest Posts, Today's Post

Heretics of Finance may not change the way readers see the markets, but it just might change the way we see those who read the markets.


Niccolo Machiavelli’s Hedge Fund Secrets

Mar 19th, 2009 | Filed under: Guest Posts, Today's Post

In 1513, Niccolo Machiavelli warned Lorenzo d' Medici, ruler of the Florentine Republic about "the inconsistency of prosperity". Did "Black Swan" author Nassim Taleb go back in time to advise Machiavelli? Read this and make up your own mind.


Alternative Viewpoints: Monetizing hedge fund transparency

Mar 3rd, 2009 | Filed under: CAIA Alternative Viewpoints Columns, Guest Posts, Today's Post

What would life be like with full hedge fund transparency? For clues, you needn't look much further than the US requirement to submit "13F" filings.


Financial crisis to slow convergence of hedge funds and private equity, but not for long, says academic

Feb 20th, 2009 | Filed under: Academic Research, Guest Posts, Private Equity, Today's Post

The much ballyhooed topic of convergence between hedge funds and private equity has been bumped from the front pages recently by the convergence of financial sector workers and pink slips. But according to one academic (who has the ear of the US Congress), it's not going away any time soon.