Alpha Hunters

Deal Activity: Beer and Obamacare Both Factor In

Jul 16th, 2014 | Filed under: Alpha Hunters, Private Equity, Technology, Today's Post

Intralinks’ report suggests that “a handful of fundamental and positive shifts” are at work in the recent uptick in M&A activity. On a behavioral note: corporate confidence is returning, and presumably confident managements are more likely to seek out acquisition targets than are nervous managements.


Tactical Alpha and Persistence in Hedge Fund Returns

Jul 7th, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Hedge Fund Strategies, Performance, Analytics & Metrics, Today's Post

Guest columnist Andrew Beer looks at the consistency of hedge fund returns and finds them, well, lacking...


Remembering Enron and Contending with Warren Buffett

Jun 17th, 2014 | Filed under: Alpha Hunters, Alpha Strategies, CAPM / Alpha Theory, Today's Post

An aphorism of Warren Buffett's once again making the rounds can be understood in at least three distinct ways. Faille looks at the possible constructions and decides that, whatever exactly Buffett meant to say or do, his reasoning here does little harm to his target, modern finance theory.


Could Random Trading Prevent Stock Market Bubbles & Crashes?

Jun 15th, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Economics, Today's Post

Many of recent history¹s most significant market events have manifest in what was (previously) the extreme of the market. These"bubbles" and "crashes" follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Could random trading be the solution?


In SEC Filing, Ackman Makes His Case

May 27th, 2014 | Filed under: Alpha Hunters, Alpha Seekers, Alpha Strategies, Today's Post

Pershing Square owns 9.7% of Allergan's equity. Further, Valeant's proposal is structured so that Pershing Square is more of a co-bidder than a seller.


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.


Why are Hedge Fund Assets Reaching All-time Highs?

May 12th, 2014 | Filed under: Alpha Hunters, Asset allocation, Institutional Investing, Media Coverage of Hedge Funds, Performance, Analytics & Metrics, Today's Post

Guest columnist Don Steinbrugge looks at why allocators continue to invest in hedge funds, even when the media thinks they shouldn't.


Payments, Technology, and a Curve with a Kink in It

May 11th, 2014 | Filed under: Academic Research, Alpha Hunters, Alpha Seekers, Currencies, Today's Post

On Barhydt's view, we have to see Bitcoin and other currencies like it as part of an evolution of the whole world of commerce, payments, and exchange, a vast movement of disintermediation that threatens to disrupt the banking and finance industries.


IP Rights in Software: From Settlement Risk to Data Compression

Apr 7th, 2014 | Filed under: Algorithmic and high-frequency trading, Alpha Hunters, Legislation/Court rulings, Risk management, Technology, Today's Post

The patent dispute at issue before the Supreme Court March 31st involved a computerized escrow system that serves as a third party to a deal, eliminating settlement risk. A business-method patent, in short: nothing at all to do with speed of execution, or data compression, or other such trading-infrastructure-related feats.


The Mania of Boom & Bust

Apr 2nd, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Book review, Today's Post

Vikas Shah interviews Dr. Bob Swarup, CAIA, founder of Camdor Global and author of Money Mania: Booms, Panics and Busts from Ancient Rome to the Great Meltdown.


Baseball and the Stock Market

Mar 31st, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Spring and the opening of the baseball season bring fresh hope, so we thought it only appropriate to look at the U.S. stock market and its relationship to baseball with guest columnist Thomas Schneeweis.


Improving the Odds with Managed Futures

Mar 19th, 2014 | Filed under: Alpha Hunters, Commodities, CTA, Today's Post

Guest columnist Diane Harrison looks at the basics of managed futures.


Europe: Hadrian’s Wall and the Big Picture Today

Mar 10th, 2014 | Filed under: AAA Newsreels, Alpha Hunters, Currencies, Today's Post

My own quite speculative view is that Europe as a project is coming apart, and that some of the constituent nations may split into underlying parts in the process, but that this is happening slowly and messily so the world is as yet far from seeing any new equilibrium.


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.


Managers and Skill: Japan, India, and the Arab World

Feb 2nd, 2014 | Filed under: Alpha Hunters, Alpha Seekers, Alpha Strategies, Emerging markets, Today's Post

A new report from GFIA highlights some asset manager successes: in the Japanese markets riding the wave of Abenomics; in India benefitting from the weakness of the rupee; and in the Arab world thriving against the backdrop of political turmoil.


Hedge Fund Replication: A Practitioner’s Scorecard

Jan 30th, 2014 | Filed under: Academic Research, Alpha Hunters, Alpha Seekers, Alpha Strategies, Alternative Beta & Hedge Fund Replication, Hedge Fund Operations and Risk Management, Hedge Fund Strategies, Today's Post

Andrew Beer looks at hedge fund replication to see if it works.


Women Running a Marathon Toward Alternatives

Jan 26th, 2014 | Filed under: Alpha Hunters, Alpha Seekers, Alpha Strategies, Hedge Fund Industry Trends, Institutional Investing, Today's Post

The latest in a series of annual reports from Rothstein Kass on women in the alternatives world adopts a somewhat less cheery tone than did that of last year. No longer is the dominant metaphor a "tipping point." Now it's a marathon.


The Haves and Have Nots of Today’s Markets

Jan 23rd, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Diane Harrison looks at what 2014 may hold for the markets. What pain in exchange for the gain may lie ahead?


Are you looking for Alpha? Or Absolute Return?

Jan 16th, 2014 | Filed under: Alpha Hunters, Alpha Seekers, Hedge Fund Industry Trends, Performance, Analytics & Metrics, Today's Post

Rene Levesque, guest author, looks at the differences between absolute return and alpha and answers the question: can you absolutely return alpha?


Top Five Alpha Stories of 2013

Dec 30th, 2013 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

In the interests of full disclosure I acknowledge here that I recently entered the realm of bitcoin owners myself. That said, bitcoin is a fascinating story, one of our top five of the past year.


Beyond the Amusement Value of Icahn v. Ackman

Jan 30th, 2013 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

The crux of whether a particular MLM is a pyramid scheme, and thus is illegal, is this: is a particular participant paid primarily on the basis of the products he sells or primarily on the basis of the new participants he recruits? The crux for Ackman's trade is whether he can persuade enforcement authorities that it is the latter.


Alpha Hunter Timothy O’Neil-Dunne: Investing in Travel

Dec 4th, 2012 | Filed under: Alpha Hunters, Today's Post

Vikas Shah talks to Alpha Hunter Timothy O'Neill Dunne about the travel sector.


High-risk Investing – The New Trend in Energy: Interview with Andrew McCarthy

Dec 2nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Guest interviewer James Stafford talks to Andrew McCarthy about the new trends in energy trading.


Andrew Lo on the LIBOR Scandal and What’s Next

Nov 8th, 2012 | Filed under: Alpha Hunters, Today's Post

AllAboutAlpha talks to Andrew Lo about the LIBOR scandal and what's next.


You’ve made finals! Now, how do you get an edge?

Sep 27th, 2012 | Filed under: Alpha Hunters, Best Practices, Institutional Investing, Today's Post

Charles J. French, CAIA, discusses the intricacies of negotiating finals with Christopher Van Dyke, CAIA, CFA, Advisor, Arnerich Massena, Inc. (CVD); Kweku Obed, CAIA, CFA, Principal, Mercer Investment Consulting, Inc. (KO); and Thomas H. Dodd, CAIA, CFA, FSA, President, Stratford Advisory Group (TD).


The Future of the UK Economy

Sep 24th, 2012 | Filed under: Alpha Hunters, Today's Post

"To learn more about the state and future of the UK economy, we speak to David Blanchflower (Bruce V. Rauner Professor of Economics at Dartmouth College) and John Cridland CBE (Director General of the CBI)."


Alpha Hunter Jeff Joseph on Taking Funds to Market

Aug 26th, 2012 | Filed under: Alpha Hunters, Today's Post

Alpha Hunter Jeff Joseph talks with AllAboutAlpha about the changes in the regulatory landscape and what this means for hedge fund marketing.


A View Of, and From, Singapore, Part Two

Aug 23rd, 2012 | Filed under: Alpha Hunters, Hedge Fund Industry Trends, Timely Research, Today's Post

It seemed earlier this year that many investors, including hedge funds, were betting heavily that there would be a ‘hard landing’ for the economy of the People’s Republic. Where do you stand, we asked Douglas, hard landing or soft?


A View of, and From, Singapore: Part One

Aug 22nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Timely Research, Today's Post

Why has Singapore attained such prominence as it has? That is a mixture of nature and nurture. It has always been a trading hub due to its location, and this has allowed it over the centuries to develop as a professional and commercial services hub as well, which has anchored a capital markets ecosystem.


Alpha Hunter James Clayton on Investing in Media and Entertainment

Aug 20th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

James Clayton, CEO of Ingenious Investments talks to AllAboutAlpha about investing in media and entertainment. Their portfolio includes films such as Avatar, Rise of the Planet of the Apes, X-Men: First Class and TV productions such as Law and Order UK, Monroe and Foyle's War.


The Greek Opportunity

Aug 15th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Vikas Shah speaks to Nicholas Economides about the Greek opportunity.


The Sub-Prime Lesson

Aug 5th, 2012 | Filed under: Alpha Hunters, Today's Post

What we can learn from the one-in-a-million-year event that wiped trillions from the global economy


Alpha Hunters: The Mobile Payments Opportunity

Jun 13th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Private Equity, Today's Post, Venture capital

AllAboutAlpha talks to Jalak Jobanputra, MD at RTP Ventures on the mobile payments market, which is set transact over US$1 trillion by 2016.


Alpha Hunters: Looking at Alternative Investments From the Inside Out

Jun 7th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, CTA, Derivatives, Forex, Hedge Fund Industry Trends, Hedge Fund Strategies, Institutional Investing, Private Equity, Real Estate, Today's Post, Venture capital

A deeper look at alternatives with Dr. Bob Swarup, a world-renowned expert and commentator on alternatives and financial markets as well as being a visiting fellow at London School of Economics.


The Secrets of The World’s Greatest Traders

May 31st, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

AllAboutAlpha talks to Market Wizards' Jack Schwager about what makes a great trader.


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.


Alpha Hunters: A Conversation with Peter Stein

May 13th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Institutional Investing, Today's Post

New columnist Charles Skorina interviews Peter Stein, veteran alternative investments professional.


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 […]


Finding Alpha in Israel’s Emerging Market

Apr 19th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Israel is now second only to the United States in terms of venture capital funds, with the highest rate of start-up businesses per capita and also the highest ratio of university degrees to population anywhere in the world.


Not Just Fire Sales: Contrarian Hedge Funds Find Alpha

Apr 16th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Hedge Fund Strategies, Today's Post

Although distressed“fire sales” are fewer in some periods than in others, it is true all around the business cycle that mutual fund managers face constraints related to the need “to cater to investors by investing in the hot stocks and by having a strong positive correlation between their flow and the value of the assets in which they invest,” as a new academic paper explains. Hedge funds, with their more professional investors, their deliberate opacity, and their constraints upon withdrawal, aren’t subject to those constraints. Thus, when mutual funds are constrained to follow a trend, hedge funds are in a position to be contrarians.


Alpha Hunter Lauren Templeton on Generating Alpha from Value Investing

Mar 29th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

AllAboutAlpha catches up with Lauren Templeton, great niece of Sir John Templeton to discuss value investing and its alpha potential.


Alpha Hunter Louis-Vincent Gave on Opportunities in China

Mar 1st, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

"We're seeing a cycle where China is now a leader, and experiences the biggest rates of marginal growth in the world. That is already a game-changer which has had a disproportionate impact on emerging markets than developed ones."--Louis-Vincent Gave


The Euro Crisis – An Interview with Larry Hatheway, UBS Chief Economist

Feb 23rd, 2012 | Filed under: Alpha Hunters, Today's Post

In September 2011 the IMF estimated that roughly half of the Euro Zone's $9 trillion in outstanding government debt was now at 'heightened credit risk'. This is a crisis which billionaire investor George Soros has described as, "...a more dangerous situation now than in 2008.


Topsy Filters Twitter Investment Signals so Investors Get Tomorrow’s News Today

Feb 13th, 2012 | Filed under: Alpha Hunters, Today's Post

Alpha is often found in the company of those investors who are earliest in seeing the first hints of future events unfolding. Topsy is a new source of that capability.


Alpha Hunters: Bringing Long-Short Equity to the Masses

Feb 2nd, 2012 | Filed under: Alpha Hunters, Alpha Strategies, ETFs, Hedge Fund Industry Trends, Hedge Fund Strategies, Retail Investing, Today's Post

AAA sat down with Alex Gurvich and Jim Mitchell, both of The Rockledge Group, an investment advisory firm headquartered in Brooklyn, New York. We began by discussing the mid-January launch of a new product that gives the long-short equity strategy an ETF format, and ended up talking about a good deal else, such as the inherent superiority of ETFs over mutual funds, and Pimco's recent recognition of that fact.


Alpha Hunters: Viewing Asia from Top-Down and Bottom-Up

Jan 31st, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Alpha Hunter Khiem Do talks about Asia and where the alpha is from his perspective.


Alpha Hunters: Generating Alpha From .Com Giants

Jan 5th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Today's Post

Google, Apple, eBay and Amazon have a combined market capitalization of almost double the top five world retailers combined. We investigate the alpha opportunities with these dot-com giants.


Alpha Hunter Bandon Capital: Alpha for the Small Investor

Dec 19th, 2011 | Filed under: Alpha Hunters, Alpha Strategies, Alternative Mutual Funds, Hedge Fund Industry Trends, Retail Investing, Today's Post

Bandon Capital's managing directors believe it is possible to generate alpha from unique non-market sources, and that they do so through their forecasts of domestic and overseas sovereign interest rates.


Alpha Hunters: Investing in Global Development

Dec 15th, 2011 | Filed under: Alpha Hunters, Alpha Strategies, Microfinance, Today's Post

Root Capital since inception have provided $330 million in credit to 349 small and growing businesses in 30 countries, maintaining a 99% repayment rate from our borrowers and a 100% repayment rate to our investors. This year alone, they have supplied $120 million in credit to 250 businesses which represent (or aggregate) 220,000 small-scale producers. That investment will (at a conservative estimate) benefit the lives of over 1.1 million people.


Generating Alpha in Alternative Markets

Nov 3rd, 2011 | Filed under: Alpha Hunters, Alpha Strategies, Commodities, Private Equity, Today's Post

Even against the backdrop of a global recession, the top 50 fastest growing companies in the USA averaged growth rates between 3,893% and 40,882% in the three years to the start of 2011.  These are rates of return which more than compensate the investor for the risk of making high-growth-young-company-investments.  For some investors, alternative markets […]