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	<title>AllAboutAlpha.com &#187; Alternative Beta &amp; Hedge Fund Replication</title>
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	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
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			<item>
		<title>7 Questions for Adam Patti, CEO of IndexIQ</title>
		<link>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/</link>
		<comments>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 02:00:56 +0000</pubDate>
		<dc:creator>Guest</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=9081</guid>
		<description><![CDATA[By: Andrew Saunders, Member of the Editorial Board of AllAboutAlpha.com, &#38; Director, EFX Prime Services
In January the Wall Street Journal reported that ETF assets had crested $1 trillion. No longer is it simply another way to capture S&#38;P 500 beta. It seems that every day there is an innovative new investment idea that is packaged [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/02/07/7-questions-for-adam-patti-ceo-of-indexiq/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A January Tradition: Investors&#8217; love/hate relationship with hedge funds.</title>
		<link>http://allaboutalpha.com/blog/2010/01/04/a-january-tradition-investors-lovehate-relationship-with-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2010/01/04/a-january-tradition-investors-lovehate-relationship-with-hedge-funds/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 00:00:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Retail Investing]]></category>
		<category><![CDATA[Today's Post]]></category>
		<category><![CDATA[convergence]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8587</guid>
		<description><![CDATA[As investors reflect on last year, they are apparently of two minds regarding hedge funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/01/04/a-january-tradition-investors-lovehate-relationship-with-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ETF hedge funds: The Infinite Monkey Theorem</title>
		<link>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 01:00:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7687</guid>
		<description><![CDATA[If a monkey hitting keys on a typewriter at random can eventually reproduce Shakespeare's works, can an ETF loosely based on a hedge fund strategy eventually replace a hedge fund manager, and the fees he or she charges?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/23/etf-hedge-funds-the-infinite-monkey-theorem/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>First Merger Arbitrage ETF Introduced by IndexIQ</title>
		<link>http://allaboutalpha.com/blog/2009/11/17/first-merger-arbitrage-etf-introduced-by-indexiq/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/17/first-merger-arbitrage-etf-introduced-by-indexiq/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 18:55:58 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Timely Research]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7793</guid>
		<description><![CDATA[By: IndexIQ
Published: November 17, 2009
Summary: IQ ARB Merger Arbitrage ETF is designed to provide exposure to accelerating global M&#38;A activity; new fund is latest addition to IndexIQ’s roster of alternative investment products. The IQ ARB Merger Arbitrage ETF (NYSE Arca: MNA) seeks to provide capital appreciation by investing in global companies for which there has [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/17/first-merger-arbitrage-etf-introduced-by-indexiq/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Recent performance of HF clones shows they &#8220;were attractive during the crises of 2008&#8243;</title>
		<link>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/#comments</comments>
		<pubDate>Thu, 10 Sep 2009 00:00:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5960</guid>
		<description><![CDATA[During its recent hiatus from the front pages, hedge fund replication may have actually proven its mettle.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/09/recent-performance-of-hf-clones-shows-they-were-attractive-during-the-crises-of-2008/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>How Do Hedge Fund Clones Manage the Real World?</title>
		<link>http://allaboutalpha.com/blog/2009/08/27/how-do-hedge-fund-clones-manage-the-real-world/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/27/how-do-hedge-fund-clones-manage-the-real-world/#comments</comments>
		<pubDate>Thu, 27 Aug 2009 21:06:50 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6045</guid>
		<description><![CDATA[By: Erik Wallerstein, Nils S. Tuchschmid and Sassan Zaker
Published: August 27, 2009
Abstract: Several hedge fund replication products have been launched over the past three to four years. Consequently a substantial number of products have build up a sufficient track record for performance analysis. This survey investigates the performance of 21 replication funds or indexes over [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/27/how-do-hedge-fund-clones-manage-the-real-world/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>With hedge funds back in the black, how are the hedge fund &#8220;clones&#8221; doing?</title>
		<link>http://allaboutalpha.com/blog/2009/06/01/with-hedge-funds-back-in-black-how-are-the-hedge-fund-clones-doing/</link>
		<comments>http://allaboutalpha.com/blog/2009/06/01/with-hedge-funds-back-in-black-how-are-the-hedge-fund-clones-doing/#comments</comments>
		<pubDate>Tue, 02 Jun 2009 01:23:11 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4739</guid>
		<description><![CDATA[At least one hedge fund "replicator" has recently been replicating the aspirations, if not the actual experiences of hedge fund managers. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/06/01/with-hedge-funds-back-in-black-how-are-the-hedge-fund-clones-doing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Jumping the Gates: Using Beta-Overlay Strategies to Hedge Liquidity Constraints</title>
		<link>http://allaboutalpha.com/blog/2009/05/19/jumping-the-gates-using-beta-overlay-strategies-to-hedge-liquidity-constraints/</link>
		<comments>http://allaboutalpha.com/blog/2009/05/19/jumping-the-gates-using-beta-overlay-strategies-to-hedge-liquidity-constraints/#comments</comments>
		<pubDate>Tue, 19 May 2009 20:55:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4808</guid>
		<description><![CDATA[By: Alexander D. Healy (AlphaSimplex Group) and Andrew W. Lo (MIT Sloan School of Management; National Bureau of Economic Research)
Published: May 2009
Abstract: In response to the current financial crisis, a number of hedge funds have implemented &#8220;gates&#8221; on their funds that restrict withdrawals when the sum of redemption requests exceeds a certain percentage of the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/05/19/jumping-the-gates-using-beta-overlay-strategies-to-hedge-liquidity-constraints/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A novel approach to monitoring daily HF returns when they don&#8217;t actually exist</title>
		<link>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/</link>
		<comments>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 00:44:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4418</guid>
		<description><![CDATA[Hedge fund replication is now put to a different use by researchers.  Call it "assisted hedge fund replication".    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/04/12/a-novel-approach-to-monitoring-daily-hf-returns-when-they-dont-actually-exist/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Pendulum swinging back to investable hedge fund indices for passive HF exposure</title>
		<link>http://allaboutalpha.com/blog/2009/03/18/pendulum-swinging-back-to-investable-hedge-fund-indices-for-passive-hf-exposure/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/18/pendulum-swinging-back-to-investable-hedge-fund-indices-for-passive-hf-exposure/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 01:41:09 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4358</guid>
		<description><![CDATA[It wasn't long ago that investors were graduating from simple investable hedge fund indices to more sophisticated hedge fund replication products for their passive hedge fund exposure.  Now, it seems that "simple" is back as some investors are willing to stomach the high hedge fund fees in exchange for transparency and liquidity.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/18/pendulum-swinging-back-to-investable-hedge-fund-indices-for-passive-hf-exposure/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Look what&#8217;s coming back now</title>
		<link>http://allaboutalpha.com/blog/2009/02/10/look-whats-coming-back-now/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/10/look-whats-coming-back-now/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 01:11:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4181</guid>
		<description><![CDATA[After being labeled "faddish" and "silly" and being derided as a waste of time last year, short extension and hedge fund replication strategies returned to the news cycle this week.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/10/look-whats-coming-back-now/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Returns and Factor Models: The Factor Selection Puzzle</title>
		<link>http://allaboutalpha.com/blog/2009/02/04/hedge-fund-returns-and-factor-models-the-factor-selection-puzzle/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/04/hedge-fund-returns-and-factor-models-the-factor-selection-puzzle/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 21:34:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4566</guid>
		<description><![CDATA[By: Serge Darolles (National Institute of Statistics and Economic Studies (INSEE) and Gulten Mero (University of Rennes)
Published: February 2009
Abstract: This paper develops a dynamic approach for assessing hedge fund risk exposures. First, we use an approximate factor model framework to deal with both the instability of asset risk profile and the factor selection issue. Instead [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/04/hedge-fund-returns-and-factor-models-the-factor-selection-puzzle/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Balancing Betas &#8211; Essential Risk Diversification</title>
		<link>http://allaboutalpha.com/blog/2009/02/01/balancing-betas-essential-risk-diversification/</link>
		<comments>http://allaboutalpha.com/blog/2009/02/01/balancing-betas-essential-risk-diversification/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 19:00:00 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6982</guid>
		<description><![CDATA[By: Ed Peters
Published: February 2009
Introduction: In the long run there is significant evidence that stocks give the best long-run passive return. A diversified equity portfolio grows with the economy, so as long as we expect economies to grow, a passive portfolio of diversified equities is all we need and other assets are not really necessary [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/02/01/balancing-betas-essential-risk-diversification/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Strength of Performance Based Compensation: Evidence from Hedge Fund Closing and Reopening Events</title>
		<link>http://allaboutalpha.com/blog/2009/01/26/strength-of-performance-based-compensation-evidence-from-hedge-fund-closing-and-reopening-events/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/26/strength-of-performance-based-compensation-evidence-from-hedge-fund-closing-and-reopening-events/#comments</comments>
		<pubDate>Tue, 27 Jan 2009 00:09:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Investment Management Fees]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4199</guid>
		<description><![CDATA[By: Bing Liang (University of Massachusetts at Amherst) and Christopher Schwarz (University of California)
Published: January 2009    
Abstract: Previous results find CEOs&#8217; pay packages typically have low sensitivities to performance. Therefore, CEOs have incentives to increase firm size, even if those actions cause losses for current shareholders. Using nine versions of the Lipper/TASS [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/26/strength-of-performance-based-compensation-evidence-from-hedge-fund-closing-and-reopening-events/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tracking Problems, Hedge Fund Replication and Alternative Beta</title>
		<link>http://allaboutalpha.com/blog/2009/01/14/tracking-problems-hedge-fund-replication-and-alternative-beta/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/14/tracking-problems-hedge-fund-replication-and-alternative-beta/#comments</comments>
		<pubDate>Thu, 15 Jan 2009 00:21:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4209</guid>
		<description><![CDATA[By: Thierry Roncalli (Université d&#8217;Évry) and Guillaume Weisang (Bentley University) 
Published: January 2009
Abstract: As hedge fund replication based on factor models has encountered growing interest among professionals and academics, and despite the launch of numerous products (indexes and mutual funds) in the past year, it faced many critics. In this paper, we consider three of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/14/tracking-problems-hedge-fund-replication-and-alternative-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Style Based Market Risk Model for Hedge Fund Portfolios</title>
		<link>http://allaboutalpha.com/blog/2008/12/03/a-style-based-market-risk-model-for-hedge-fund-portfolios/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/03/a-style-based-market-risk-model-for-hedge-fund-portfolios/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 17:29:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3977</guid>
		<description><![CDATA[By: Jason Zhou, Adam Litke, Michael McLaughlin (Wachovia Securities)
Published: December 2008
Abstract: Hedge funds have become an alternative asset class in recent years. However, how to estimate the risk of hedge fund portfolios remains a challenging problem. In this paper, we developed a market risk model by integrating cluster analysis, extreme value theory (EVT) and copula [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/03/a-style-based-market-risk-model-for-hedge-fund-portfolios/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Despite ongoing skepticism, two-thirds say they are willing to believe in &#8220;hedge fund replication&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 01:24:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3736</guid>
		<description><![CDATA[Newly-release government UFO files aren't the only controversy pitting skeptics against "believers" these days...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/24/despite-ongoing-skepticism-two-thirds-say-they-are-willing-to-believe-in-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Comment: The Problem of &#8220;Missing Factors&#8221; in Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2008/11/09/comment-the-problem-of-missing-factors-in-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/09/comment-the-problem-of-missing-factors-in-hedge-fund-replication/#comments</comments>
		<pubDate>Mon, 10 Nov 2008 01:02:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3658</guid>
		<description><![CDATA[Hedge fund replication using factor models is a balancing act between using so many factors that the model doesn't hold up in the future, and using so few factors that the model doesn't hold up at all. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/09/comment-the-problem-of-missing-factors-in-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Alphas: Do They Reflect Managerial Skills or Mere Compensation for Liquidity Risk Bearing?</title>
		<link>http://allaboutalpha.com/blog/2008/10/29/hedge-fund-alphas-do-they-reflect-managerial-skills-or-mere-compensation-for-liquidity-risk-bearing/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/29/hedge-fund-alphas-do-they-reflect-managerial-skills-or-mere-compensation-for-liquidity-risk-bearing/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 21:14:22 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3768</guid>
		<description><![CDATA[By: Rajna Gibson (University of Zurich) and Songtao Wang
Published: October 2008
Abstract: In this article, we study the effect of liquidity risk on the performance of various hedge fund portfolio strategies. The portfolio strategies in each hedge fund style are formed by incorporating predictability in: (i) managerial skills, (ii) fund risk loadings, and (iii) benchmark returns. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/29/hedge-fund-alphas-do-they-reflect-managerial-skills-or-mere-compensation-for-liquidity-risk-bearing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unbundling Hedge Fund Beta</title>
		<link>http://allaboutalpha.com/blog/2008/10/27/unbundling-hedge-fund-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/27/unbundling-hedge-fund-beta/#comments</comments>
		<pubDate>Tue, 28 Oct 2008 02:45:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3612</guid>
		<description><![CDATA[By: Martos Rodrigo Dupleich Ulloa, Daniel Giamouridis (Athens University of Economics and Business; City University London &#8211; Sir John Cass Business School), Spyros Mesomeris (Independent) and Nima Noorizadeh (Citigroup)
Published: October 2008
Abstract: This article is concerned with the systematic exposures of equity hedge fund managers. In particular we seek common equity hedge fund systematic exposures through [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/27/unbundling-hedge-fund-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Risk and Beta Anatomy in the Hedge Fund Industry</title>
		<link>http://allaboutalpha.com/blog/2008/10/22/risk-and-beta-anatomy-in-the-hedge-fund-industry/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/22/risk-and-beta-anatomy-in-the-hedge-fund-industry/#comments</comments>
		<pubDate>Wed, 22 Oct 2008 22:05:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3789</guid>
		<description><![CDATA[By: Roberto Savona (University of Brescia)
Published: October 2008
Abstract: Using a Bayesian time-varying beta model we explore how the systematic risk exposures of hedge funds vary over time conditional on some exogenous variables that managers are assumed to use in changing their trading strategies. In such a setting, we impose a structure on fund returns, betas and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/22/risk-and-beta-anatomy-in-the-hedge-fund-industry/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Pros and Cons of Passive Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 19:11:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4029</guid>
		<description><![CDATA[By: Edhec Risk and Asset Management Centre
Published: October 2008
Abstract: A number of major investment banks and asset management consultants have recently launched investment products that promise to replicate hedge fund returns by following rule-based strategies that invest in liquid financial products. The argument is that such products provide hedge fund like returns while making it [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/04/the-pros-and-cons-of-passive-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Andrew Lo: Hedge fund replication is an &#8220;elegant solution in search of a problem&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/09/23/andrew-lo-hedge-fund-replication-is-an-elegant-solution-in-search-of-a-problem/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/23/andrew-lo-hedge-fund-replication-is-an-elegant-solution-in-search-of-a-problem/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 00:04:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3438</guid>
		<description><![CDATA[Thought leaders in the hedge fund community remained ensconced at the Princeton Club of New York today as they continued to debate the future of their industry.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/23/andrew-lo-hedge-fund-replication-is-an-elegant-solution-in-search-of-a-problem/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will &#8220;hedge fund replication&#8221; benefit from new short selling bans?</title>
		<link>http://allaboutalpha.com/blog/2008/09/22/will-hedge-fund-replication-benefit-from-new-short-selling-bans/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/22/will-hedge-fund-replication-benefit-from-new-short-selling-bans/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 00:19:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3436</guid>
		<description><![CDATA[Hedge funds from the US and Europe met in New York today to discuss ways to discuss "hedge fund replication".  Now that shorting financials has been banned, will "replication" be closest thing we'll see to actual hedge funds for the next while?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/22/will-hedge-fund-replication-benefit-from-new-short-selling-bans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Attack of the Hedge Fund Clones</title>
		<link>http://allaboutalpha.com/blog/2008/07/23/attack-of-the-hedge-fund-clones/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/23/attack-of-the-hedge-fund-clones/#comments</comments>
		<pubDate>Wed, 23 Jul 2008 18:28:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2660</guid>
		<description><![CDATA[By: Man Investments
Published: July 2008
Introduction: FoHF have been and will continue to be an integral part of hedge fund investing. While investors do have alternatives such as direct investing, investable indices, 130/30 or alternative beta replication, FoHF are still the most suitable route for most investors aiming to include hedge funds in their portfolios. This [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/23/attack-of-the-hedge-fund-clones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund clones calling in reinforcements for &#8220;attack&#8221; on funds of funds</title>
		<link>http://allaboutalpha.com/blog/2008/07/21/hedge-fund-clones-calling-in-reinforcements-for-attack-on-funds-of-funds/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/21/hedge-fund-clones-calling-in-reinforcements-for-attack-on-funds-of-funds/#comments</comments>
		<pubDate>Tue, 22 Jul 2008 02:00:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/07/21/hedge-fund-clones-calling-in-reinforcements-for-attack-on-funds-of-funds/</guid>
		<description><![CDATA[Apparently, hedge fund replication products have banded together with other such "hedge fund clones" under the banner "Pax Clonizatus".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/21/hedge-fund-clones-calling-in-reinforcements-for-attack-on-funds-of-funds/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Bill Fung</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/bill-fung/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/bill-fung/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:50:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Hedge Fund Researchers]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2312</guid>
		<description><![CDATA[Bill Fung
Visiting Research Professor at the Centre for Hedge Fund Research and Education, London Business School. Serves on the board of  financial services companies in Europe and North America and is currently Chairman of the Board of Directors of the Maple Financial Group, Canada.
Homepage/Contact Information (LBS)
Research (SSRN)
BNP Paribas Hedge Fund Centre
Relevant Postings (AllAboutAlpha.com)
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/bill-fung/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>David Hsieh</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/david-hsieh/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/david-hsieh/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:48:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Hedge Fund Researchers]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2310</guid>
		<description><![CDATA[David Hsieh
Bank of America Professor of Finance, Fuqua School of Business, Duke University. 
Homepage (Duke)
Research (SSRN), Research (Duke)
Recent Course Syllabus (Duke)
Relevant Postings (AllAboutAlpha.com)
   
  
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/david-hsieh/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Harry Kat</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/harry-kat/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/harry-kat/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:45:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Hedge Fund Researchers]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2308</guid>
		<description><![CDATA[Harry Kat
Professor of Risk Management at the Cass Business School at City University, London. Before returning to academia, he was Head of Equity Derivatives Europe at Bank of America in London, Head of Derivatives Structuring and Marketing at First Chicago in Tokyo and Head of Derivatives Research at MeesPierson in Amsterdam.
The Alternative Investment Research Centre [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/harry-kat/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Narayan Naik</title>
		<link>http://allaboutalpha.com/blog/2008/07/15/narayan-naik/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/15/narayan-naik/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 04:18:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hall of Fame]]></category>
		<category><![CDATA[Hedge Fund Researchers]]></category>
		<category><![CDATA[Who's Who]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2300</guid>
		<description><![CDATA[Narayan Naik
Director of BNP Paribas Hedge Fund Centre, London Business School
Faculty Profile (LBS)
Research (SSRN)
Relevant Postings (AllAboutAlpha.com)
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/15/narayan-naik/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Virtual private equity a step closer to reality</title>
		<link>http://allaboutalpha.com/blog/2008/06/23/virtual-private-equity-a-step-closer-to-reality/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/23/virtual-private-equity-a-step-closer-to-reality/#comments</comments>
		<pubDate>Tue, 24 Jun 2008 02:00:44 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Private Equity]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/23/virtual-private-equity-a-step-closer-to-reality/</guid>
		<description><![CDATA[Apparently not content to just clone hedge funds, State Street has now turned its sites to cloning private equity funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/23/virtual-private-equity-a-step-closer-to-reality/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Goldman&#8217;s new &#8220;A.R.T.&#8221; HF-Replication-Mutual-Fund</title>
		<link>http://allaboutalpha.com/blog/2008/06/22/goldmans-new-art-hf-replication-mutual-fund/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/22/goldmans-new-art-hf-replication-mutual-fund/#comments</comments>
		<pubDate>Mon, 23 Jun 2008 02:00:48 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/22/goldmans-new-art-hf-replication-mutual-fund/</guid>
		<description><![CDATA[After launching a "hedge fund replication" index last year, Goldman has now built a mutual fund around it.  So whither "long-only replication"? ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/22/goldmans-new-art-hf-replication-mutual-fund/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Silos, flesh wounds, the &#8220;disintermediation&#8221; of poultry, and a call to action</title>
		<link>http://allaboutalpha.com/blog/2008/06/04/silos-flesh-wounds-the-disintermediation-of-poultry-and-a-call-to-action/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/04/silos-flesh-wounds-the-disintermediation-of-poultry-and-a-call-to-action/#comments</comments>
		<pubDate>Wed, 04 Jun 2008 05:21:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/04/silos-flesh-wounds-the-disintermediation-of-poultry-and-a-call-to-action/</guid>
		<description><![CDATA[Experts ranging from LBS's Narayan Naik to Stanford's Myron Scholes weighed-in on everything from organizational silos to economic first aid in London today.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/04/silos-flesh-wounds-the-disintermediation-of-poultry-and-a-call-to-action/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>New 130/30 and &#8220;hedge fund replication&#8221; mandates bridge gap between alts and skeptical pensions</title>
		<link>http://allaboutalpha.com/blog/2008/05/20/new-13030-and-hedge-fund-replication-mandates-bridge-gap-between-alts-and-skeptical-pensions/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/20/new-13030-and-hedge-fund-replication-mandates-bridge-gap-between-alts-and-skeptical-pensions/#comments</comments>
		<pubDate>Wed, 21 May 2008 02:00:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/05/20/new-13030-and-hedge-fund-replication-mandates-bridge-gap-between-alts-and-skeptical-pensions/</guid>
		<description><![CDATA[In another big win for emerging alpha-centric strategies, part of Sweden's national pension has bought into "hedge fund replication".  What's really behind the decision?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/20/new-13030-and-hedge-fund-replication-mandates-bridge-gap-between-alts-and-skeptical-pensions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chalk another one up for the Transatlantic Trio</title>
		<link>http://allaboutalpha.com/blog/2008/03/19/chalk-another-one-up-for-the-transatlantic-trio/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/19/chalk-another-one-up-for-the-transatlantic-trio/#comments</comments>
		<pubDate>Wed, 19 Mar 2008 23:29:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/19/chalk-another-one-up-for-the-transatlantic-trio/</guid>
		<description><![CDATA[State Street's recent win of a $200 million hedge fund replication mandate is notable both due to its size and due to its intellectual inspiration.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/19/chalk-another-one-up-for-the-transatlantic-trio/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha-centric Newsreel</title>
		<link>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/#comments</comments>
		<pubDate>Fri, 14 Mar 2008 21:23:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[AAA Newsreels]]></category>
		<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/</guid>
		<description><![CDATA[Here is a sample of the news stories we didn&#8217;t get a chance to explore in detail this week.  As usual, all of them can be found on the Alpha-ticker above or in the news items section of AllAboutAlpha.com (free registration may be required for a few of these).
Morgan Stanley says Alpha/Beta Separation &#8220;the way [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Oh, to be a fly-on-the-wall at the recent HF replication conference.</title>
		<link>http://allaboutalpha.com/blog/2008/03/11/oh-to-be-a-fly-on-the-wall-at-the-recent-hf-replication-conference-wait/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/11/oh-to-be-a-fly-on-the-wall-at-the-recent-hf-replication-conference-wait/#comments</comments>
		<pubDate>Wed, 12 Mar 2008 02:00:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/11/oh-to-be-a-fly-on-the-wall-at-the-recent-hf-replication-conference-wait/</guid>
		<description><![CDATA[Our intrepid "fly on the wall" buzzed into London for a major conference on hedge fund replication.  He reports from his fly-sized Blackberry.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/11/oh-to-be-a-fly-on-the-wall-at-the-recent-hf-replication-conference-wait/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Shadwick to Quants: &#8220;Financial models should come with health warnings!&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/#comments</comments>
		<pubDate>Mon, 10 Mar 2008 01:43:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/</guid>
		<description><![CDATA[Dr. William Shadwick, developer of the Omega Function used in risk management, warns that "over-modeling" has "negative consequences"]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Kat to Jaeger: &#8220;Let&#8217;s skip the nitpicking&#8230;how useful is modern finance theory, really?&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/#comments</comments>
		<pubDate>Wed, 05 Mar 2008 23:57:11 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/</guid>
		<description><![CDATA[In the latest in their ongoing debate, Harry Kat questions Lars Jaeger's reliance on modern finance - a field he calls "utterly disappointing". ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>On Measuring Risk with Scarce Observations</title>
		<link>http://allaboutalpha.com/blog/2008/03/01/on-measuring-risk-with-scarce-observations/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/01/on-measuring-risk-with-scarce-observations/#comments</comments>
		<pubDate>Sat, 01 Mar 2008 17:45:26 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2769</guid>
		<description><![CDATA[By: Alexander S. Cherny (Moscow State University), Raphael Douady &#38; Stanislav A. Molchanov (UNC Charlotte)
Published: March 2008
Abstract: We consider the problem of measuring the risk of a portfolio with scarce observations by linking it to several risk factors. A typical example is measuring the risk of a hedge fund. It is assumed that from the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/01/on-measuring-risk-with-scarce-observations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Jaeger Replies to Kat&#8217;s Scepticism on Alternative Beta</title>
		<link>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/#comments</comments>
		<pubDate>Wed, 27 Feb 2008 02:00:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/</guid>
		<description><![CDATA[Lars Jaeger says that Harry Kat's scepticism of alternative beta is based on a number of "inconsistencies" and mathematical short-cuts.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Kat: HF replication using alternative betas very useful but sounds better on paper than in practice</title>
		<link>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/#comments</comments>
		<pubDate>Thu, 21 Feb 2008 01:34:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-%e2%80%9cvery-useful%e2%80%9d-but-%e2%80%9csounds-better-on-paper-than-in-practice%e2%80%9d/</guid>
		<description><![CDATA[Guest contributor Professor Harry Kat examines the creation of alternative beta using mechanical trading rules.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: Survey contains some surprises about how hedge fund managers now view hedge fund replication</title>
		<link>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 19 Feb 2008 00:42:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-%e2%80%9chedge-fund-replication%e2%80%9d/</guid>
		<description><![CDATA[Our exclusive survey of hedge fund managers, investors and consultants reveals how "hedge fund replication" is actually being embraced by some hedge funds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Replicating Hedge Funds: Traditional beta or alternative beta?</title>
		<link>http://allaboutalpha.com/blog/2008/02/14/replicating-hedge-funds-traditional-beta-or-alternative-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/14/replicating-hedge-funds-traditional-beta-or-alternative-beta/#comments</comments>
		<pubDate>Fri, 15 Feb 2008 02:00:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/14/replicating-hedge-funds-traditional-beta-or-alternative-beta/</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/14/replicating-hedge-funds-traditional-beta-or-alternative-beta/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: An interview with Prof. Harry Kat about his newest project, &#8220;super-diversification&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/#comments</comments>
		<pubDate>Tue, 12 Feb 2008 02:00:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</guid>
		<description><![CDATA[A European hedge fund manager announced today that it will be using Prof. Harry Kat's "FundCreator" software as a risk management tool.  Kat says it's not about "replication" any more.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication: Delicacy or a bunch of baloney?</title>
		<link>http://allaboutalpha.com/blog/2008/01/30/hedge-fund-replication-delicacy-or-a-bunch-of-baloney/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/30/hedge-fund-replication-delicacy-or-a-bunch-of-baloney/#comments</comments>
		<pubDate>Wed, 30 Jan 2008 22:00:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/30/hedge-fund-replication-delicacy-or-a-bunch-of-baloney/</guid>
		<description><![CDATA[We&#8217;ve been writing about hedge fund &#8220;replication&#8221; for a while and tracking the latest news on this topic.  Now it&#8217;s your turn to sound off on the issue.  Is it a genuine threat to the hedge fund industry or is it a sad attempt to discredit hedge funds?  Or is it something in between?
Click here [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/30/hedge-fund-replication-delicacy-or-a-bunch-of-baloney/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>AAA Exclusive: An Interview with Managers of the World&#8217;s Newest Hedge Fund Replication Product</title>
		<link>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/#comments</comments>
		<pubDate>Fri, 18 Jan 2008 01:00:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/</guid>
		<description><![CDATA[Another major player entered the hedge fund replication game today with a product based on technologies previously used in the machine learning and missle defense industries.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>&#8220;Homemade Hedge Funds&#8221;: Delicious but deadly?</title>
		<link>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/#comments</comments>
		<pubDate>Wed, 09 Jan 2008 01:00:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/</guid>
		<description><![CDATA[There is a lot of talk about how hedge fund returns can be "replicated" using liquid derivatives, swaps, futures, and "exotic beta".  But what about good old-fashioned ETFs?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Now &#8220;Private Equity Replication&#8221;?</title>
		<link>http://allaboutalpha.com/blog/2007/12/17/now-private-equity-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/17/now-private-equity-replication/#comments</comments>
		<pubDate>Tue, 18 Dec 2007 01:00:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Private Equity]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/17/now-private-equity-replication/</guid>
		<description><![CDATA[If hedge fund indices can apparently be replicated using traditional risk factors such as equity risk, why can't private equity funds?  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/17/now-private-equity-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Walking the (Beta) Line</title>
		<link>http://allaboutalpha.com/blog/2007/12/04/walking-the-beta-line/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/04/walking-the-beta-line/#comments</comments>
		<pubDate>Wed, 05 Dec 2007 01:00:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/04/walking-the-beta-line/</guid>
		<description><![CDATA[Like Johnny Cash, are hedge funds also "walking the line" by staying true to their mandate to produce alpha?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/04/walking-the-beta-line/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Edhec hedge fund replication research now online</title>
		<link>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/#comments</comments>
		<pubDate>Mon, 03 Dec 2007 00:59:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/</guid>
		<description><![CDATA[Regular readers may recall this story we did on a research study by Edhec, the French business school, last spring.  The study contained a comprehensive analysis of various so-called hedge fund replication strategies.  At the time we directed you to Edhec if you wanted to buy the whole report since it wasn&#8217;t available to the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Do individual hedge funds really contain so much beta?</title>
		<link>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/#comments</comments>
		<pubDate>Fri, 23 Nov 2007 01:00:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/</guid>
		<description><![CDATA[One of our favorite institutional asset managers makes familiar argument this week about the high correlation between run of the mill betas and hedge fund indices.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alpha, once beatified, now &#8220;beta-fied&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/#comments</comments>
		<pubDate>Tue, 30 Oct 2007 01:46:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/</guid>
		<description><![CDATA[Hedge funds have traditionally eked out a living by exploiting market inefficiencies to deliver alpha.  But it seems that hedge funds have now also become an important source of "alternative beta".  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Siegel: Carefully selecting &#8220;exotic betas&#8221; a worthwhile pursuit</title>
		<link>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/#comments</comments>
		<pubDate>Thu, 25 Oct 2007 01:00:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/</guid>
		<description><![CDATA[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".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Paying Tribute to the Clones</title>
		<link>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/#comments</comments>
		<pubDate>Wed, 24 Oct 2007 02:38:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/</guid>
		<description><![CDATA[France's Edhec business school published a succinct summary of hedge fund replication offerings last week.  It's well worth the read - especially if you're a Jedi knight.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Automatic for the People? Hedge Funds, Traditional and Clones</title>
		<link>http://allaboutalpha.com/blog/2007/10/08/automatic-for-the-people-hedge-funds-traditional-and-clones/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/08/automatic-for-the-people-hedge-funds-traditional-and-clones/#comments</comments>
		<pubDate>Tue, 09 Oct 2007 03:03:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2764</guid>
		<description><![CDATA[By: Jonathan Treussard
Published: October 2007
Abstract: While some herald the development of hedge fund replicators as marking the industry&#8217;s own ETF revolution, others are expressing concern over the clones&#8217; properties since traditional hedge funds are human-capital intensive financial operations and the high concentration of specialized talent is the reason for the industry&#8217;s remarkably high remuneration structure. [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/08/automatic-for-the-people-hedge-funds-traditional-and-clones/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New paper claims humans required to manage hedge funds</title>
		<link>http://allaboutalpha.com/blog/2007/10/07/new-paper-claims-humans-required-to-manage-hedge-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/07/new-paper-claims-humans-required-to-manage-hedge-funds/#comments</comments>
		<pubDate>Mon, 08 Oct 2007 02:05:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/07/new-paper-claims-humans-required-to-manage-hedge-funds/</guid>
		<description><![CDATA[What's the difference between a hedge fund clone and a real hedge fund?  Humans, according to Boston University's Jonathan Treussard.  But how much human capital is too much?    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/07/new-paper-claims-humans-required-to-manage-hedge-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Viewpoints: Being like Jesse James</title>
		<link>http://allaboutalpha.com/blog/2007/09/30/alternative-viewpoints-being-like-jesse-james/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/30/alternative-viewpoints-being-like-jesse-james/#comments</comments>
		<pubDate>Mon, 01 Oct 2007 01:46:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[CAIA Alternative Viewpoints Columns]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/30/alternative-viewpoints-being-like-jesse-james/</guid>
		<description><![CDATA[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?"]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/30/alternative-viewpoints-being-like-jesse-james/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat rebuts itemized list of criticisms over his approach</title>
		<link>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/#comments</comments>
		<pubDate>Sun, 30 Sep 2007 11:46:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/</guid>
		<description><![CDATA[At a conference last week, Professor Harry Kat of hedge fund replication fame presented a list of his specific rebuttals to 10 criticisms.  He added the audience's feedback to a new article on distributional replication.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund replicas did their job in August, unfortunately</title>
		<link>http://allaboutalpha.com/blog/2007/09/28/hedge-fund-replicas-did-their-job-in-august-unfortunately/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/28/hedge-fund-replicas-did-their-job-in-august-unfortunately/#comments</comments>
		<pubDate>Fri, 28 Sep 2007 10:40:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/28/hedge-fund-replicas-did-their-job-in-august-unfortunately/</guid>
		<description><![CDATA[Professor Bill Fung presented some interesting charts in Geneva showing the performance of various hedge fund replication strategies during the tumultuous summer months.
Unfortunately, it looks like hedge fund replicators replicated August pretty well.  Here is the game tape:

But what&#8217;s particularly striking about this performance graph, aside from the drawdown, is the dispersion between replication strategies in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/28/hedge-fund-replicas-did-their-job-in-august-unfortunately/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Day Two in Geneva: black swans, a new way to clone and new research on persistence</title>
		<link>http://allaboutalpha.com/blog/2007/09/27/day-two-in-geneva-black-swans-a-new-way-to-clone-and-new-research-on-persistence/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/27/day-two-in-geneva-black-swans-a-new-way-to-clone-and-new-research-on-persistence/#comments</comments>
		<pubDate>Thu, 27 Sep 2007 06:05:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/27/day-two-in-geneva-black-swans-a-new-way-to-clone-and-new-research-on-persistence/</guid>
		<description><![CDATA[Day 2 of Terrapinn's Hedge Fund Replication &#038; Alternative Beta conference in Geneva saw black swans, persistence and virgin beta.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/27/day-two-in-geneva-black-swans-a-new-way-to-clone-and-new-research-on-persistence/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Overheard at the President Wilson</title>
		<link>http://allaboutalpha.com/blog/2007/09/26/overheard-at-the-president-wilson/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/26/overheard-at-the-president-wilson/#comments</comments>
		<pubDate>Wed, 26 Sep 2007 09:45:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/26/overheard-at-the-president-wilson/</guid>
		<description><![CDATA[Here are a few more tidbits from the Hotel President Wilson here in Geneva&#8230;
&#8220;I&#8217;m thinking about launching an index fund of replicated hedge fund index funds!&#8221;
- John Godden, IGS Group, jokes about a fund of funds to replicate the replicators
&#8220;Alternative beta is like sex in high school.  Everyone talks about it, but no one is actually [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/26/overheard-at-the-president-wilson/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication: Day One Re-cap</title>
		<link>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/#comments</comments>
		<pubDate>Wed, 26 Sep 2007 07:22:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/</guid>
		<description><![CDATA[Day 1 of the Hedge Fund Replication &#038; Alternative Beta conference in Geneva was a rip-roaring juggernaut of financial excitement.  If you missed it, we've got all the gory details... ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Heard by the waters of Lake Geneva</title>
		<link>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/#comments</comments>
		<pubDate>Tue, 25 Sep 2007 09:10:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/</guid>
		<description><![CDATA[Heard on the floor at Terrapinn&#8217;s &#8220;Hedge Fund Replication &#38; Alternative Beta&#8221; conference in Geneva so far today&#8230; 
&#8220;His trading process may be &#8220;naive&#8221;, but his fees sure aren&#8217;t!&#8221;
- Professor Harry Kat on the hedge fund replication strategy pursued by another well-known firm.
&#8220;The asset information submitted to any of the databases is absolutely useless.  How many [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fung &amp; Hsieh: Someone definitely yelled &#8220;Fire!&#8221; in the theater.  The question is: what movie were they watching?</title>
		<link>http://allaboutalpha.com/blog/2007/08/20/fung-hsieh-someone-definitely-yelled-fire-in-the-theater-the-question-is-what-movie-were-they-watching/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/20/fung-hsieh-someone-definitely-yelled-fire-in-the-theater-the-question-is-what-movie-were-they-watching/#comments</comments>
		<pubDate>Tue, 21 Aug 2007 01:00:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/20/fung-hsieh-someone-definitely-yelled-fire-in-the-theater-the-question-is-what-movie-were-they-watching/</guid>
		<description><![CDATA[Anecdotal evidence suggests quant funds were all sitting together when pandemonium recently broke out.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/20/fung-hsieh-someone-definitely-yelled-fire-in-the-theater-the-question-is-what-movie-were-they-watching/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Kat: HF Replication is an illusion that will never stick</title>
		<link>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/#comments</comments>
		<pubDate>Mon, 13 Aug 2007 01:00:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/</guid>
		<description><![CDATA[Not content to spend the summer idly relaxing at the beach, 'The Flying Dutchman' Professor Harry Kat, speaks out about what he sees as continuing misconceptions concerning hedge fund replication.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/12/kat-hf-replication-is-an-illusion-that-will-never-stick/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Muggles looking for Hogwarts:  The State of Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/#comments</comments>
		<pubDate>Mon, 06 Aug 2007 01:00:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/</guid>
		<description><![CDATA[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. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/05/muggles-looking-for-hogwarts-the-state-of-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Merrill: Hedge Fund Replication the &#8220;Solution&#8221; for Hedge Fund Newbies</title>
		<link>http://allaboutalpha.com/blog/2007/07/29/merrill-hedge-fund-replication-the-solution-for-hedge-fund-newbies/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/29/merrill-hedge-fund-replication-the-solution-for-hedge-fund-newbies/#comments</comments>
		<pubDate>Mon, 30 Jul 2007 01:00:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/29/merrill-hedge-fund-replication-the-solution-for-hedge-fund-newbies/</guid>
		<description><![CDATA[A recent Merrill Lynch report suggested that hedge fund replication is a solution to the common fear of "headline risk" from investing in hedge funds that blow up.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/29/merrill-hedge-fund-replication-the-solution-for-hedge-fund-newbies/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Manager finds factor-replication &#8220;blunt&#8221; and distributional-replication &#8220;suspiciously opaque&#8221; &#8211; advocates mechanical trading instead</title>
		<link>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/#comments</comments>
		<pubDate>Fri, 20 Jul 2007 02:00:59 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/</guid>
		<description><![CDATA[Apparently, the "good old fashioned Kat fight" we predicted yesterday has already begun.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/19/manager-finds-factor-replication-blunt-and-distributional-replication-suspiciously-opaque-advocates-mechanical-trading-instead/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Modified Kat-Palaro HF replication model heralds entry of major new competitor</title>
		<link>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/#comments</comments>
		<pubDate>Thu, 19 Jul 2007 01:00:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/</guid>
		<description><![CDATA[A new paper has just been released on "distributional" hedge fund replication.  But it's not from the method's original developer, Harry Kat.  It proposes some improvements and heralds the entry of a new player in this space.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/18/modified-kat-palaro-hf-replication-model-heralds-entry-of-major-new-competitor/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
<enclosure url="http://www.allaboutalpha.com/doc_bin/cat_fight2.wav" length="9950" type="audio/x-wav" />
		</item>
		<item>
		<title>Mechanical Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/07/15/mechanical-hedge-fund-replication-the-conquest-approach/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/15/mechanical-hedge-fund-replication-the-conquest-approach/#comments</comments>
		<pubDate>Sun, 15 Jul 2007 16:23:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2342</guid>
		<description><![CDATA[By: Conquest Capital
Published: July 2007
Abstract: As the alternative asset space has matured some investors and consultants have been questioning the portion of hedge fund returns attributable to alpha. Do managers actually add value or are they simply providing exposure that is inherent to the investment style? Over the past few years, the academic research has [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/15/mechanical-hedge-fund-replication-the-conquest-approach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Replication Beyond Alphas and Betas</title>
		<link>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/#comments</comments>
		<pubDate>Mon, 09 Jul 2007 02:01:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2770</guid>
		<description><![CDATA[By: Ernst Eberlein (University of Freiburg) &#38; Dilip B. Madan (University of Maryland)
Published: July 2007
Abstract: The concept of the gamma of a financed return as the highest level of stress that a return distribution can withstand is introduced. The various stress levels passed describe convex cones of acceptable cash flows that start with positive expectation [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/08/hedge-fund-replication-beyond-alphas-and-betas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AllAboutAlpha Special Guest Posting by Harry Kat</title>
		<link>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/#comments</comments>
		<pubDate>Mon, 02 Jul 2007 04:01:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/</guid>
		<description><![CDATA[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?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/01/allaboutalpha-special-guest-posting-by-harry-kat/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>New Edhec HF Replication Research in Limited Release Today</title>
		<link>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/#comments</comments>
		<pubDate>Thu, 28 Jun 2007 03:42:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/</guid>
		<description><![CDATA[Edhec Risk and Asset Management Research Centre released its latest research into hedge fund replication techniques today at a seminar in London.  Its verdict: "attractive" but "unsatisfying".      ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/27/new-edhec-hf-replication-research-in-limited-release-today/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Recent Forbes&#8217; hedge fund article latest in a proud lineage</title>
		<link>http://allaboutalpha.com/blog/2007/06/18/recent-forbes-hedge-fund-article-latest-in-a-proud-lineage/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/18/recent-forbes-hedge-fund-article-latest-in-a-proud-lineage/#comments</comments>
		<pubDate>Mon, 18 Jun 2007 19:00:22 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/18/recent-forbes-hedge-fund-article-latest-in-a-proud-lineage/</guid>
		<description><![CDATA[Forbes "Build Your Own Hedge Fund" story this week is the latest in a rich lineage of similarly populist articles. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/18/recent-forbes-hedge-fund-article-latest-in-a-proud-lineage/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Replicating the Properties of Hedge Fund Returns</title>
		<link>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/#comments</comments>
		<pubDate>Fri, 15 Jun 2007 17:01:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2346</guid>
		<description><![CDATA[By: Nicolas Papageorgiou, Bruno R´emillard, Alexandre Hocquard
Published: June 2007
Abstract: Based on earlier work by Dybvig (1988) and Kat and Palaro (2005), we propose a new approach for evaluating the performance of hedge funds. Although conceptually interesting, the implementation of their model is subject to several drawbacks. In addition to proposing ways to overcome the hedging [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/15/replicating-the-properties-of-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Myths and Limits of Passive Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/#comments</comments>
		<pubDate>Sat, 09 Jun 2007 02:54:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2766</guid>
		<description><![CDATA[By: Edhec Asset Management Research Centre
Published: June 2007
Abstract: In this paper we provide a detailed critical analysis of various methodologies involved in the so-called passive replication of hedge fund returns, a subject that has sparked renewed interest following recent initiatives by major investment banks such as Merrill Lynch and Goldman Sachs. In particular, we examine [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/08/the-myths-and-limits-of-passive-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Quick Note on Northwater Replication Paper</title>
		<link>http://allaboutalpha.com/blog/2007/06/06/quick-note-on-northwater-replication-paper/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/06/quick-note-on-northwater-replication-paper/#comments</comments>
		<pubDate>Thu, 07 Jun 2007 03:35:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/06/quick-note-on-northwater-replication-paper/</guid>
		<description><![CDATA[That recent paper from Northwater Capital on hedge fund replication techniques has garnered a lot of interest and is quickly becoming one of our most downloaded documents ever.  But we&#8217;ve also had a few queries regarding where to download the document.  Unless you&#8217;re a client of Northwater&#8217;s, you can only find the paper here at AllAboutAlpha.com.  Our apologies for not [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/06/quick-note-on-northwater-replication-paper/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Merrill Lynch Factor Model</title>
		<link>http://allaboutalpha.com/blog/2007/06/01/merrill-lynch-factor-model/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/01/merrill-lynch-factor-model/#comments</comments>
		<pubDate>Fri, 01 Jun 2007 18:58:50 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Timely Research]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8537</guid>
		<description><![CDATA[By: Merrill Lynch
Published: June 2007
Overview: The merits of hedge fund investing have been well publicized, and since 1990 hedge fund assets have grown 45-fold to an estimated $1.75 trillion (Source: HFR Industry Reports© HFR Inc. Q2 2007,.www.hedgefundresearch.com,used with permission). As the level of competition among fund managers has grown, it has become more difficult for [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/01/merrill-lynch-factor-model/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AllAboutAlpha Exclusive: New Northwater study finds HF replication techniques to be &#8220;limited&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/#comments</comments>
		<pubDate>Thu, 31 May 2007 22:28:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/</guid>
		<description><![CDATA[The hedge fund industry has taken it on the chin from "hedge fund replicators".  But a new study finds evidence that hedge funds might produce value after all.    ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/31/allaboutalpha-exclusive-new-northwater-study-finds-hf-replication-techniques-to-be-limited/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>New Deutsche Bank hedge fund replication offering gets both laurels and darts</title>
		<link>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/#comments</comments>
		<pubDate>Mon, 28 May 2007 23:26:52 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/</guid>
		<description><![CDATA[Deutsche Bank's new Absolute Return Beta Index is apparently trying to take a different tack than its competition.  Unfortunately, however, it may face the same headwinds.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/28/new-deutsche-bank-hedge-fund-replication-offering-gets-both-laurels-and-darts/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The hedge fund metric that cried wolf</title>
		<link>http://allaboutalpha.com/blog/2007/05/20/the-hedge-fund-metric-that-cried-wolf/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/20/the-hedge-fund-metric-that-cried-wolf/#comments</comments>
		<pubDate>Mon, 21 May 2007 03:31:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/20/the-hedge-fund-metric-that-cried-wolf/</guid>
		<description><![CDATA[In a follow-up to our posting on kurtosis (a.k.a. "fat tails"), Alpha Male chats with William Shadwick, winner of the Investment Managament Consultant's Association 2007 Journalism Award for his unique take on tail risk.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/20/the-hedge-fund-metric-that-cried-wolf/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alternative Routes to Hedge Fund Return Replication (Extended Version)</title>
		<link>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/#comments</comments>
		<pubDate>Tue, 15 May 2007 17:37:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2350</guid>
		<description><![CDATA[By: Harry Kat, Helder Palaro
Published: May 2007
Abstract: With average hedge fund performance steadily deteriorating and equity markets picking up again, interest in hedge fund return replication as a cheaper means of obtaining hedge fund-like returns is growing steadily. Currently, there are various products on offer. Compared to real hedge funds (of funds), all of them [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/15/alternative-routes-to-hedge-fund-return-replication-extended-version/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Northwater Capital Management&#8217;s Thoughts on Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/05/15/northwater-capital-managements-thoughts-on-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/15/northwater-capital-managements-thoughts-on-hedge-fund-replication/#comments</comments>
		<pubDate>Tue, 15 May 2007 17:28:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2348</guid>
		<description><![CDATA[By: Northwater Capital Management
Published: May 2007
Abstract: Linear factor replication is the out-of-sample application of linear factor decomposition of hedge fund returns. This style of replication has reasonable success when applied to broad-based indices that possess significant linear dependence on simple market factors. Linear replication is not successful where market factors are unable to explain a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/15/northwater-capital-managements-thoughts-on-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Kat Launches New Broadside on Hedge Fund Replicators</title>
		<link>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/#comments</comments>
		<pubDate>Tue, 01 May 2007 00:31:03 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/</guid>
		<description><![CDATA[Professor Harry Kat of the Cass Business School at City University, London, has been a thorn in the side of the hedge fund industry for several years now.  And today (April 30), he released his latest attack on the sector, reserving his sharpest barbs for the hedge fund replicators themselves.  In fact, he concludes his [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/30/kat-launches-new-broadside-on-hedge-fund-replicators/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why hedge fund replication might be giving you a deja vu</title>
		<link>http://allaboutalpha.com/blog/2007/04/24/why-hedge-fund-replication-might-be-giving-you-a-deja-vu/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/24/why-hedge-fund-replication-might-be-giving-you-a-deja-vu/#comments</comments>
		<pubDate>Tue, 24 Apr 2007 23:35:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/24/why-hedge-fund-replication-might-be-giving-you-a-deja-vu/</guid>
		<description><![CDATA[Bill Fung and David Hsieh write in the Banque de France's bi-monthly "Financial Stability Review" that hedge fund replication should eventually reduce hedge fund management fees.     ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/24/why-hedge-fund-replication-might-be-giving-you-a-deja-vu/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>EVENT: Alternative Beta &amp; Hedge Fund Replication USA</title>
		<link>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/#comments</comments>
		<pubDate>Tue, 24 Apr 2007 01:18:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/</guid>
		<description><![CDATA[Location: New York
Dates: October 29-31, 2007
Organized by: Terrapinn
Hedge funds aren&#8217;t the only thing replicating these days. February&#8217;s wildly successful &#8220;Alternative Beta &#038; Hedge Fund Replication&#8221; conference in London has replicated itself &#8211; spawning two additional events within the course of a year. Both carry the same title and bring this hot topic to the shores [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/23/event-alternative-beta-hedge-fund-replication-usa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds: Myths &amp; Facts</title>
		<link>http://allaboutalpha.com/blog/2007/04/22/hedge-funds-myths-facts/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/22/hedge-funds-myths-facts/#comments</comments>
		<pubDate>Mon, 23 Apr 2007 01:14:44 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/22/hedge-funds-myths-facts/</guid>
		<description><![CDATA[Ed Easterling, author and adjunct faculty at Southern Methodist Universityâ€™s Cox School of Business writes a handy paper on "hedge fund myths".  A must read for those seeking balance in hedge fund reporting.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/22/hedge-funds-myths-facts/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Bridgewater: Hedge fund leverage now at levels not seen since LTCM</title>
		<link>http://allaboutalpha.com/blog/2007/04/19/bridgewater-hedge-fund-leverage-now-at-levels-not-seen-since-ltcm/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/19/bridgewater-hedge-fund-leverage-now-at-levels-not-seen-since-ltcm/#comments</comments>
		<pubDate>Thu, 19 Apr 2007 15:09:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Investment Management Fees]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/19/bridgewater-hedge-fund-leverage-now-at-levels-not-seen-since-ltcm/</guid>
		<description><![CDATA[Bridgewater is the quintessential "alpha-centric" investor.  But in this note, it argues that hedge funds are overly leveraged, replicatable using simple factors, and unlikely to perform when risk increases.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/19/bridgewater-hedge-fund-leverage-now-at-levels-not-seen-since-ltcm/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>L&#8217;habitant: &#8220;Majority of hedge funds selling beta at the price of alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/#comments</comments>
		<pubDate>Tue, 17 Apr 2007 22:05:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/</guid>
		<description><![CDATA[Edhec Business School researcher and hedge fund practitioner, Francois-Serge L'habitant doesn't mince words regarding hedge fund replication.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/17/lhabitant-majority-of-hedge-funds-selling-beta-at-the-price-of-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shedding Light on Alternative Beta: A Volatility and Fixed Income Asset Comparison</title>
		<link>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/#comments</comments>
		<pubDate>Sun, 15 Apr 2007 17:49:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2354</guid>
		<description><![CDATA[By: David Kuenzi, Edhec
Published: April 2007
Abstract: Volatility is an alternative beta—a risk premium captured by hedge fund managers and investment bank proprietary traders—that is today moving closer to the main stream and should be thought of as a veritable asset class. For many investors, it is difficult to derive intuition as to why volatility should [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/15/shedding-light-on-alternative-beta-a-volatility-and-fixed-income-asset-comparison/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge fund replication strategies: implications for investors and regulators</title>
		<link>http://allaboutalpha.com/blog/2007/04/15/hedge-fund-replication-strategies-implications-for-investors-and-regulators/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/15/hedge-fund-replication-strategies-implications-for-investors-and-regulators/#comments</comments>
		<pubDate>Sun, 15 Apr 2007 17:45:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2352</guid>
		<description><![CDATA[By: William Fung, David Hsieh
Published: April 2007 (Banque de France)
Abstract: Over the past decade, academic research has identified a number of replication strategies capable of capturing between 40% to 80% of the average return of many popular hedge fund strategies. Investors are beginning to take notice of these replication strategies, especially because of their rule [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/15/hedge-fund-replication-strategies-implications-for-investors-and-regulators/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Schneeweis on Alpha, the SEC and Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/04/11/schneeweis-on-alpha-the-sec-and-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/11/schneeweis-on-alpha-the-sec-and-hedge-fund-replication/#comments</comments>
		<pubDate>Wed, 11 Apr 2007 20:55:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/11/schneeweis-on-alpha-the-sec-and-hedge-fund-replication/</guid>
		<description><![CDATA[In this second half of AllAboutAlpha's recent interview with The Editor of the Journal of Alternative Investments, we ask Prof. Schneeweis about Alpha, hedge fund replication and the SEC.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/11/schneeweis-on-alpha-the-sec-and-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>What&#8217;s it, All About Alpha.</title>
		<link>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/#comments</comments>
		<pubDate>Sat, 24 Mar 2007 15:55:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/</guid>
		<description><![CDATA[The Economist continues its glacial progression toward acceptance of hedge funds.  Check out this week's edition for a column on hedge fund factor replication - or click below.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/24/whats-it-all-about-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Professor Harry Kat Responds to EDHEC Study on Hedge Fund Replication</title>
		<link>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/#comments</comments>
		<pubDate>Thu, 15 Mar 2007 22:00:06 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/</guid>
		<description><![CDATA[After yesterday&#8217;s story on EDHEC&#8217;s new hedge fund replication research, we were curious about Harry Kat&#8217;s take. With some cajoling by us, Professor Kat responds below
By: Prof. Harry Kat, Cass Business School, City University (London)
In a recent interview published at All About Alpha and a research paper presented at the Edhec Asset Management Days in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/15/professor-harry-kat-responds-to-edhec-study-on-hedge-fund-replication/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Enhanced Hedge Fund Indexation with Parametric Weights</title>
		<link>http://allaboutalpha.com/blog/2007/03/14/enhanced-hedge-fund-indexation-with-parametric-weights/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/14/enhanced-hedge-fund-indexation-with-parametric-weights/#comments</comments>
		<pubDate>Thu, 15 Mar 2007 00:18:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4207</guid>
		<description><![CDATA[By: Juha Joenväärä (University of Oulu) and Hannu A. Kahra (Turku School of Economics) 
Published: March 2007
Abstract: We apply an approach to optimize an enhanced hedge fund index by modelling directly the index or portfolio weights in each asset as a function of the asset&#8217;s cross-sectional characteristics. These characteristics are the estimated time-varying alpha and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/14/enhanced-hedge-fund-indexation-with-parametric-weights/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EDHEC Presents Much-Anticipated Hedge Fund Replication Study in Geneva</title>
		<link>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/#comments</comments>
		<pubDate>Wed, 14 Mar 2007 02:20:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/</guid>
		<description><![CDATA[Hedge Fund Replication: Old theory, new interest, inconclusive results
Consultant and journalist Pierre Saint-Laurent* continues his coverage of EDHEC&#8217;s Asset Management Days in Geneva this week for All About Alpha.  On Tuesday, he attended a much anticipated presentation on hedge fund replication featuring researchers NoÃ«l Amenc, Jean-Christophe Meyfredi, FranÃ§ois-Serge Lhabitant and Walter GÃ©hin.  Other industry leaders** joined [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/13/edhec-presents-much-anticipated-hedge-fund-replication-study-in-geneva/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>All About Alpha Exclusive: An interview with EDHEC&#8217;s Lionel Martellini</title>
		<link>http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/#comments</comments>
		<pubDate>Tue, 13 Mar 2007 01:38:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/12/all-about-alpha-exclusive-an-interview-with-edhecs-lionel-martellini/</guid>
		<description><![CDATA[A Martini with Martellini
Consultant and journalist Pierre Saint-Laurent* covers EDHEC&#8217;s Asset Management Days in Geneva this week for All About Alpha.  On Monday, he sat down with EDHEC&#8217;s Lionel Martellini to have a frank discussion about hedge fund replication in advance of Martellini&#8217;s much anticipated presentation on Tuesday.
Martellini, one of the top EDHEC researchers, is the co-author [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Kat: Why Accurately Replicated Hedge Fund Indices Won&#8217;t Do You Much Good</title>
		<link>http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/#comments</comments>
		<pubDate>Sat, 03 Mar 2007 20:13:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>
		<category><![CDATA[Guest Posts]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/03/kat-why-accurately-replicated-hedge-fund-indices-wont-do-you-much-good/</guid>
		<description><![CDATA[&#8220;Kat&#8217;s Meow&#8221; &#8211; 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 [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<title>State Street MD on hedge replication model: &#8220;I was shocked the explanatory power was so high&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/02/28/state-street-md-on-hedge-replication-model-i-was-shocked-the-explanatory-power-was-so-high/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/28/state-street-md-on-hedge-replication-model-i-was-shocked-the-explanatory-power-was-so-high/#comments</comments>
		<pubDate>Thu, 01 Mar 2007 02:21:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Alternative Beta & Hedge Fund Replication]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/28/state-street-md-on-hedge-replication-model-i-was-shocked-the-explanatory-power-was-so-high/</guid>
		<description><![CDATA[Meanwhile Hedge Fund Sector Returns Can be Synthesized
By: Alex Dunnin, Financial Standard
Published: February 26, 2007
State Street Global Advisors looks to be the next major player to enter the hedge fund replication business.  Paul Brakke, Senior Managing Director at SSgA is down under this week pitching pensions on the latest craze.  Says Financial Standard:
&#8220;By using benchmarks [...]]]></description>
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		<slash:comments>1</slash:comments>
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