In the latest in their ongoing debate, Harry Kat questions Lars Jaeger's reliance on modern finance - a field he calls "utterly disappointing".

In today's "Alternative Viewpoints...powered by CAIA" Konstantin Danilov proposes a new type of security that might address the illiquidity risks inherent in individual positions.

Guest contributor Steve Cochrane, the CIO at the North Dakota State Retirement Scheme, tells how and why he brought 130/30 to the Flickertail State.

Lars Jaeger says that Harry Kat's scepticism of alternative beta is based on a number of "inconsistencies" and mathematical short-cuts.

Guest contributor Professor Harry Kat examines the creation of alternative beta using mechanical trading rules.

Partners Group's Lars Jaeger says that although you could have replicated hedge funds using equity beta over the past 4 years, "alternative beta" is still where it's at.

Pierre Saint-Laurent, head of the Canadian Chapter of the CAIA Association tells us why his hometown of Montreal seems to always be punching above its weight.

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.

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.

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?

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.

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".

A reader writes us today about the risks and challenges of 130/30 - in both English and in Chinese.

CAIA Association member, Ryan Teal, says hedge funds ought to take inspiration from Jesse James when addressing hedge fund replication, "Do you want to be LIKE me? Or do you want to BE me?"

In this guest posting, the CIO of one of five "buffer funds" in the Swedish pension system reflects on his experiences as a pioneer of alpha-centric investing.

With hedge fund risk on all of our minds these days, we invite former hedge fund risk manager Tammer Kamel to comment on hedge fund replicators. Apparently, he's unconvinced of their wizardry.

Alpha Male takes a break and turns the mic over to guest poster Professor Harry Kat who explores the commonly-cited phenomenon of hedge fund capital preservation during the 00-03 bear market. Was it alpha?

“Kat’s Meow” – An occasional guest column for AllAboutAlpha By: Professor Harry Kat, Cass Business School, City University (London) Judging by the number of investment banks and asset managers jumping on the bandwagon, the media attention and the number of forthcoming conferences on the subject, hedge fund replication has definitely arrived in 2007. However, since it is [...]

Professor Harry Kat has been quoted extensively in the media and has become somewhat synonymous with hedge fund replication.  He has quickly developed a reputation for his irreverent views and his colourful commentary on the state of the hedge fund industry.  Love him or hate him, he’s got plenty of opinions to go around.  So “who better to write for a [...]

By: Guest Contributor to AllAboutAlpha, Professor Harry Kat, Cass Business School, City University (London) February 4, 2007 – Currently, there is a lot of talk among investment practitioners about “Alternative Beta”, with the latter roughly defined as the return derived from exposure to “alternative” risk sources. The way in which Alternative Beta is being presented in the [...]