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	<title>AllAboutAlpha.com &#187; Portable Alpha &amp; Alpha/Beta Separation</title>
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	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
	<lastBuildDate>Fri, 19 Mar 2010 18:02:03 +0000</lastBuildDate>
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			<item>
		<title>Selling umbrellas in Times Square</title>
		<link>http://allaboutalpha.com/blog/2010/03/09/selling-umbrellas-in-times-square/</link>
		<comments>http://allaboutalpha.com/blog/2010/03/09/selling-umbrellas-in-times-square/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 02:00:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=10459</guid>
		<description><![CDATA[Portable Alpha has always been a convenient scapegoat for those who lost money in the stormy days of 2008.  But now that the rain has gone, signs of balance and perspective are beginning to emerge.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2010/03/09/selling-umbrellas-in-times-square/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In portfolio management, sometimes the sum of the parts is greater than the whole</title>
		<link>http://allaboutalpha.com/blog/2009/11/11/in-portfolio-management-sometimes-the-sum-of-the-parts-is-greater-than-the-whole/</link>
		<comments>http://allaboutalpha.com/blog/2009/11/11/in-portfolio-management-sometimes-the-sum-of-the-parts-is-greater-than-the-whole/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 02:00:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7404</guid>
		<description><![CDATA[It's not that active managers are using the wrong parts, it's just that they're using the wrong numbers of them, says this must-read document.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/11/11/in-portfolio-management-sometimes-the-sum-of-the-parts-is-greater-than-the-whole/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alpha being airlifted out of dying portable alpha strategies</title>
		<link>http://allaboutalpha.com/blog/2009/09/23/alpha-being-airlifted-out-of-dying-portable-alpha-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/23/alpha-being-airlifted-out-of-dying-portable-alpha-strategies/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 00:00:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6212</guid>
		<description><![CDATA[Disenchanted with the beta portion of their portable alpha programs, several major public pension plans are now shunning the approach.  But that doesn't mean they're turning their backs on absolute return strategies.  Far from it... ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/23/alpha-being-airlifted-out-of-dying-portable-alpha-strategies/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Funds of funds shown to be mostly beta &#8211; thus demanding a much greater allocation</title>
		<link>http://allaboutalpha.com/blog/2009/09/13/funds-of-funds-shown-to-be-mostly-beta-thus-demanding-10-20x-more-portfolio-allocation/</link>
		<comments>http://allaboutalpha.com/blog/2009/09/13/funds-of-funds-shown-to-be-mostly-beta-thus-demanding-10-20x-more-portfolio-allocation/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 00:00:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5975</guid>
		<description><![CDATA[Usually hedge fund fund managers bristle at the suggestion that they "sell beta at alpha prices."  If this is true, then fees will have to fall.  But as a recent paper argues, volumes would also have to rise.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/09/13/funds-of-funds-shown-to-be-mostly-beta-thus-demanding-10-20x-more-portfolio-allocation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What If Alpha is Just Polished Beta? On Asset Allocation and Fund of Funds</title>
		<link>http://allaboutalpha.com/blog/2009/08/26/what-if-alpha-is-just-polished-beta-on-asset-allocation-and-fund-of-funds/</link>
		<comments>http://allaboutalpha.com/blog/2009/08/26/what-if-alpha-is-just-polished-beta-on-asset-allocation-and-fund-of-funds/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 12:54:00 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=6095</guid>
		<description><![CDATA[By: Erik Wallerstein, Nils S. Tuchschmid, Sassan Zaker
Published: August 26, 2009
Introduction: What is the appropriate level of portfolio allocation towards hedge funds? Many would give a number around 5% or 10%. The rationale for this number often stems from the core-satellite approach. This advocates that the core allocation of the portfolio should be given to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/08/26/what-if-alpha-is-just-polished-beta-on-asset-allocation-and-fund-of-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha/Beta &#8220;Separation&#8221; doesn&#8217;t actually require &#8220;separating&#8221; anything</title>
		<link>http://allaboutalpha.com/blog/2009/07/28/alphabeta-separation-doesnt-actually-require-seperating-anything/</link>
		<comments>http://allaboutalpha.com/blog/2009/07/28/alphabeta-separation-doesnt-actually-require-seperating-anything/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 00:00:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5126</guid>
		<description><![CDATA[Whether they use portable alpha strategies or not, institutional investors are apparently demanding transparency about how much alpha and beta is contained in their existing funds.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/07/28/alphabeta-separation-doesnt-actually-require-seperating-anything/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Beta blockers&#8221; aim to reduce the blood pressure of those facing hedge fund gates</title>
		<link>http://allaboutalpha.com/blog/2009/06/07/beta-blockers-aim-to-reduce-the-blood-pressure-of-those-facing-hedge-fund-gates/</link>
		<comments>http://allaboutalpha.com/blog/2009/06/07/beta-blockers-aim-to-reduce-the-blood-pressure-of-those-facing-hedge-fund-gates/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 01:58:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4784</guid>
		<description><![CDATA[Stressed about having your money locked up in a hedge fund?  Just pop a few of these...]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/06/07/beta-blockers-aim-to-reduce-the-blood-pressure-of-those-facing-hedge-fund-gates/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha to be &#8220;reborn&#8221; according to author of new paper on the topic</title>
		<link>http://allaboutalpha.com/blog/2009/05/14/portable-alpha-to-be-reborn-according-to-author-of-new-paper-on-the-topic/</link>
		<comments>http://allaboutalpha.com/blog/2009/05/14/portable-alpha-to-be-reborn-according-to-author-of-new-paper-on-the-topic/#comments</comments>
		<pubDate>Fri, 15 May 2009 00:50:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4649</guid>
		<description><![CDATA[Portable alpha may have died last year.  But according to at least one expert, it's about to be reborn.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/05/14/portable-alpha-to-be-reborn-according-to-author-of-new-paper-on-the-topic/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Investing Separately in Alpha and Beta</title>
		<link>http://allaboutalpha.com/blog/2009/05/01/investing-separately-in-alpha-and-beta/</link>
		<comments>http://allaboutalpha.com/blog/2009/05/01/investing-separately-in-alpha-and-beta/#comments</comments>
		<pubDate>Fri, 01 May 2009 16:53:54 +0000</pubDate>
		<dc:creator>Lisa Rivera</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=7519</guid>
		<description><![CDATA[By: Roger G. Clarke, Harindra de Silva, and Steven Thorley
Published: May 2009
Introduction: The separation of alpha and beta sources of return in institutional portfolios has arrived and is having a profound influence on the way investors view risk and return. Some observers believe that the impact of alpha–beta separation will be as transformative as modern [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/05/01/investing-separately-in-alpha-and-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Birth, Death, Rebirth of Portable Alpha</title>
		<link>http://allaboutalpha.com/blog/2009/04/01/birth-death-rebirth-of-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2009/04/01/birth-death-rebirth-of-portable-alpha/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 18:01:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4686</guid>
		<description><![CDATA[By: Rob Brown, PhD, CFA
Published: April 2009

Summary: For 20 years, portable alpha grew as an investment strategy for institutional investors before crashing and burning in 2008. But unless a new and superior alternative organizational structure comes along, portable alpha will eventually become the mainstream design by which virtually all institutional portfolios are managed, the author [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/04/01/birth-death-rebirth-of-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Estimating Operational Risk for Hedge Funds: The Omega-Score</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 18:27:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4662</guid>
		<description><![CDATA[By: Stephen J. Brown (NYU), William N. Goetzmann (Yale School of Management), Bing Liang (University of Massachusetts) and Christopher Schwarz (University of Massachusetts) 
Published: March 2009
Abstract: Using a complete set of the SEC filing information on hedge funds (Form ADV) and the TASS data, we develop a quantitative model called the Omega-Score to measure hedge [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/estimating-operational-risk-for-hedge-funds-the-omega-score/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pension Fund Performance and Risk-Taking under Decentralized Investment Management</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/pension-fund-performance-and-risk-taking-under-decentralized-investment-management/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/pension-fund-performance-and-risk-taking-under-decentralized-investment-management/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 15:34:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4487</guid>
		<description><![CDATA[By: Allan G. Timmermann (University of California; Centre for Economic Policy Research (CEPR), David P. Blake (Cass Business School), Ian Tonks (Xfi University of Exeter) and Russ Wermers (University of Maryland)
Published: March 2009
Abstract: This paper uses a proprietary dataset to study two key shifts in the structure of the UK pension fund industry from 1984 [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/pension-fund-performance-and-risk-taking-under-decentralized-investment-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rethinking Portable Alpha: A Beta-Free Alternative</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/rethinking-portable-alpha-a-beta-free-alternative/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/rethinking-portable-alpha-a-beta-free-alternative/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 15:06:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4480</guid>
		<description><![CDATA[By: Evan Plisner (University of Michigan)
Published: March 1, 2009
Abstract: Continued innovation in the field of financial engineering has yielded newer and more complex products and strategies that are becoming common place in institutional portfolios. One of these investments, portable alpha, is rooted in the idea that derivatives may be used to more efficiently generate alpha [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/rethinking-portable-alpha-a-beta-free-alternative/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha/Beta Separation: Getting What You Pay For</title>
		<link>http://allaboutalpha.com/blog/2009/03/01/alphabeta-separation-getting-what-you-pay-for/</link>
		<comments>http://allaboutalpha.com/blog/2009/03/01/alphabeta-separation-getting-what-you-pay-for/#comments</comments>
		<pubDate>Sun, 01 Mar 2009 13:55:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4816</guid>
		<description><![CDATA[By: Professor Robert F. Whitelaw, Ph.D.; Salvatore J. Bruno; &#38; Anthony B. Davidow
Published: March 2009
Abstract: All investment returns can be seen as the culmination of the market return (Beta) and excess returns (Alpha). The rise of index funds has shown that achieving Beta market exposure is inexpensive and easily achievable through index mutual funds and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/03/01/alphabeta-separation-getting-what-you-pay-for/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>Did Pennsylvania take a wrong turn with portable alpha?</title>
		<link>http://allaboutalpha.com/blog/2008/12/09/did-pennsylvania-take-a-wrong-turn-with-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2008/12/09/did-pennsylvania-take-a-wrong-turn-with-portable-alpha/#comments</comments>
		<pubDate>Tue, 09 Dec 2008 07:01:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3865</guid>
		<description><![CDATA[After the announcement by Pennsylvania's state employees pension plan that it lost money on its portable alpha strategy, some are saying this is proof that portable alpha is "exotic and risky" and that its promoters are "thieves".  We examine the validity of these claims.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/12/09/did-pennsylvania-take-a-wrong-turn-with-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Overlay hedging&#8221; in funds of funds improves alpha: Edhec</title>
		<link>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/</link>
		<comments>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 01:34:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3636</guid>
		<description><![CDATA[A research paper by Edhec details a technique that might have helped some funds of funds navigate through this year's September from hell.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/10/30/overlay-hedging-in-funds-of-funds-improves-alpha-edhec/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Alpha Beta Separation: A separation of church and state</title>
		<link>http://allaboutalpha.com/blog/2008/09/07/alpha-beta-separation-a-separation-of-church-and-state/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/07/alpha-beta-separation-a-separation-of-church-and-state/#comments</comments>
		<pubDate>Sun, 07 Sep 2008 23:50:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3349</guid>
		<description><![CDATA[Not since Martin Luther tried to nail a redemption notice on the door of his Cayman-domiciled convert arb manager has there been such a spiritual revolution in investing.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/07/alpha-beta-separation-a-separation-of-church-and-state/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Major pension drops longstanding traditional managers in order to divide alpha and beta</title>
		<link>http://allaboutalpha.com/blog/2008/08/07/major-pension-drops-longstanding-traditional-managers-in-order-to-divide-alpha-and-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/08/07/major-pension-drops-longstanding-traditional-managers-in-order-to-divide-alpha-and-beta/#comments</comments>
		<pubDate>Fri, 08 Aug 2008 02:01:39 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/08/07/major-pension-drops-longstanding-traditional-managers-in-order-to-divide-alpha-and-beta/</guid>
		<description><![CDATA[It's a situation reminiscent of trying to dump your girlfriend or boyfriend before she/he can get a chance to dump you.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/08/07/major-pension-drops-longstanding-traditional-managers-in-order-to-divide-alpha-and-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sweden&#8217;s AP7 pension fund reports on progress of alpha/beta retooling</title>
		<link>http://allaboutalpha.com/blog/2008/06/30/swedens-ap7-pension-fund-reports-on-progress-of-alphabeta-retooling/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/30/swedens-ap7-pension-fund-reports-on-progress-of-alphabeta-retooling/#comments</comments>
		<pubDate>Tue, 01 Jul 2008 02:00:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/30/swedens-ap7-pension-fund-reports-on-progress-of-alphabeta-retooling/</guid>
		<description><![CDATA[The pension community has been closely watching one of Sweden's national pension funds for clues about how a major re-org is going.   ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/30/swedens-ap7-pension-fund-reports-on-progress-of-alphabeta-retooling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Fund Regulation:The President’s Working Group Committees’ Best Practices Reports -Raising the Bar but Missing Risks</title>
		<link>http://allaboutalpha.com/blog/2008/06/13/hedge-fund-regulationthe-president%e2%80%99s-working-group-committees%e2%80%99-best-practices-reports-raising-the-bar-but-missing-risks/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/13/hedge-fund-regulationthe-president%e2%80%99s-working-group-committees%e2%80%99-best-practices-reports-raising-the-bar-but-missing-risks/#comments</comments>
		<pubDate>Fri, 13 Jun 2008 14:49:35 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3411</guid>
		<description><![CDATA[By: John Hunt (Berkeley Law School)
Published: June 2008
Introduction: The Reports met with a generally blasé reaction, although industry groups gave them a warm welcome. Traditional media coverage was limited, probably reflecting the fact that hedge funds as a group have not been widely blamed for the 2007-08 credit crisis. Meanwhile, blog headlines such as &#8220;Hot [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/13/hedge-fund-regulationthe-president%e2%80%99s-working-group-committees%e2%80%99-best-practices-reports-raising-the-bar-but-missing-risks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Day one from the un-named event in London</title>
		<link>http://allaboutalpha.com/blog/2008/06/02/day-one-from-the-un-named-event-in-london/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/02/day-one-from-the-un-named-event-in-london/#comments</comments>
		<pubDate>Mon, 02 Jun 2008 23:34:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Industry Trends]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/02/day-one-from-the-un-named-event-in-london/</guid>
		<description><![CDATA[A meeting this week in London features the movers and shakers from the intersection of hedge funds and institutional investing. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/02/day-one-from-the-un-named-event-in-london/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Thomas Friedman on alpha/beta separation</title>
		<link>http://allaboutalpha.com/blog/2008/06/02/thomas-friedman-on-alphabeta-separation/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/02/thomas-friedman-on-alphabeta-separation/#comments</comments>
		<pubDate>Mon, 02 Jun 2008 05:15:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/06/02/thomas-friedman-on-alphabeta-separation/</guid>
		<description><![CDATA[It turns out the forces shaping the asset management industry aren't that different from those facing the global economy.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/02/thomas-friedman-on-alphabeta-separation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha-Beta-Separation: From Theory to Practice</title>
		<link>http://allaboutalpha.com/blog/2008/05/26/alpha-beta-separation-from-theory-to-practice/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/26/alpha-beta-separation-from-theory-to-practice/#comments</comments>
		<pubDate>Mon, 26 May 2008 16:00:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4716</guid>
		<description><![CDATA[By: Stefan Engstrom, Stockholm School of Economics, Department of Finance, and Agenta; Richard Grottheim, The Seventh Swedish National Pension Fund; Peter Norman; The Seventh Swedish National Pension Fund; and Christian Ragnartz, AP7.
Published: May 2008
Abstract: Asset management techniques are consistently evolving and there has been an intense debate concerning alpha and beta and how to separate [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/26/alpha-beta-separation-from-theory-to-practice/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha-Beta-Separation: From Theory to Practice</title>
		<link>http://allaboutalpha.com/blog/2008/05/26/the-benefits-of-separating-portfolio-management-of-alpha-and-beta/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/26/the-benefits-of-separating-portfolio-management-of-alpha-and-beta/#comments</comments>
		<pubDate>Mon, 26 May 2008 11:47:09 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=8</guid>
		<description><![CDATA[By: Stefan Engstrom, Stockholm School of Economics
Published: May 26, 2008
Abstract: Asset management techniques are consistently evolving and there has been an intense debate concerning alpha and beta and how to separate the two. This article presents a new asset management setup which originates from theory and that separates alpha and beta. The setup has been [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/26/the-benefits-of-separating-portfolio-management-of-alpha-and-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>One of portable alpha&#8217;s originators says concept has evolved, in some cases, into something &#8220;vastly different&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/05/11/one-of-portable-alphas-originator-says-concept-has-evolved-in-some-cases-into-something-vastly-different/</link>
		<comments>http://allaboutalpha.com/blog/2008/05/11/one-of-portable-alphas-originator-says-concept-has-evolved-in-some-cases-into-something-vastly-different/#comments</comments>
		<pubDate>Mon, 12 May 2008 02:00:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/05/11/one-of-portable-alphas-originator-says-concept-has-evolved-in-some-cases-into-something-vastly-different/</guid>
		<description><![CDATA[PIMCO's Chris Dialynas was one of the pioneers of portable alpha.  But his Epilogue to a new book on the topic reflects his concern with the direction it has taken.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/05/11/one-of-portable-alphas-originator-says-concept-has-evolved-in-some-cases-into-something-vastly-different/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is &#8220;Active/Passive&#8221; another term for &#8220;Alpha/Beta&#8221;?  Not quite.</title>
		<link>http://allaboutalpha.com/blog/2008/04/24/is-activepassive-another-term-for-alphabeta-not-quite/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/24/is-activepassive-another-term-for-alphabeta-not-quite/#comments</comments>
		<pubDate>Thu, 24 Apr 2008 23:34:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/20/is-activepassive-another-term-for-alphabeta-not-quite/</guid>
		<description><![CDATA[A new mutual fund offering borrows from portable alpha concepts.  Will retail investors finally bite?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/24/is-activepassive-another-term-for-alphabeta-not-quite/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Author of New Book: For more return without more downside risk &#8220;there are only two options&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/04/23/author-of-new-book-for-more-return-without-more-downside-risk-there-are-only-two-options/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/23/author-of-new-book-for-more-return-without-more-downside-risk-there-are-only-two-options/#comments</comments>
		<pubDate>Thu, 24 Apr 2008 02:43:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/23/author-of-new-book-for-more-return-without-more-downside-risk-there-are-only-two-options/</guid>
		<description><![CDATA[A new book finally tries to bring it all together.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/23/author-of-new-book-for-more-return-without-more-downside-risk-there-are-only-two-options/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Pennsylvania is also &#8220;Portable Alpha Country&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/04/23/pennsylvania-is-also-portable-alpha-country/</link>
		<comments>http://allaboutalpha.com/blog/2008/04/23/pennsylvania-is-also-portable-alpha-country/#comments</comments>
		<pubDate>Thu, 24 Apr 2008 02:43:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/04/23/pennsylvania-is-also-portable-alpha-country/</guid>
		<description><![CDATA[The Pennsylvania state employees are a little better off this year thanks to some bold investment moves.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/04/23/pennsylvania-is-also-portable-alpha-country/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable alpha demoted to &#8220;low opportunity&#8221; in new survey of consultants</title>
		<link>http://allaboutalpha.com/blog/2008/03/25/portable-alpha-demoted-to-low-opportunity-in-new-survey-of-consultants/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/25/portable-alpha-demoted-to-low-opportunity-in-new-survey-of-consultants/#comments</comments>
		<pubDate>Wed, 26 Mar 2008 02:00:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/25/portable-alpha-demoted-to-low-opportunity-in-new-survey-of-consultants/</guid>
		<description><![CDATA[A new survey of investment consultants reveals a significant split between the views of large and small players.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/25/portable-alpha-demoted-to-low-opportunity-in-new-survey-of-consultants/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Passive managers spark space race with launch of new satellites</title>
		<link>http://allaboutalpha.com/blog/2008/03/13/passive-managers-spark-space-race-with-launch-of-new-satellites/</link>
		<comments>http://allaboutalpha.com/blog/2008/03/13/passive-managers-spark-space-race-with-launch-of-new-satellites/#comments</comments>
		<pubDate>Fri, 14 Mar 2008 02:01:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/03/13/passive-managers-spark-space-race-with-launch-of-new-satellites/</guid>
		<description><![CDATA[Notwithstanding new evidence of its alleged fruitlessness, support for active management seems to be coming from an unlikely source: passive managers. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/03/13/passive-managers-spark-space-race-with-launch-of-new-satellites/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Portable Alpha Theory &amp; Practice</title>
		<link>http://allaboutalpha.com/blog/2008/02/26/portable-alpha-theory-practice/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/26/portable-alpha-theory-practice/#comments</comments>
		<pubDate>Tue, 26 Feb 2008 14:11:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Recommended Books]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2171</guid>
		<description><![CDATA[Title: Portable Alpha Theory and Practice
Author: Sabrina Callin
Published: February 2008
From Publisher: While the interest in portable alpha has grown exponentially, few investors have a true appreciation for the risks and operational complexities associated with this investment application. By first mapping out the key components and evolution of portable alpha, this book aims to give investors [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/26/portable-alpha-theory-practice/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hedge Funds shouldn&#8217;t fear &#8220;The Blob&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/02/06/hedge-funds-shouldnt-fear-the-blob/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/06/hedge-funds-shouldnt-fear-the-blob/#comments</comments>
		<pubDate>Thu, 07 Feb 2008 04:29:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/06/hedge-funds-shouldnt-fear-the-blob/</guid>
		<description><![CDATA[A recent Bloomberg column suggests ETFs are a horror movie for both mutual funds and hedge funds.  While mutual funds ought to be covering their eyes, hedge funds shouldn't be so scared.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/06/hedge-funds-shouldnt-fear-the-blob/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>More on fixed income portable alpha</title>
		<link>http://allaboutalpha.com/blog/2008/02/05/more-on-fixed-income-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2008/02/05/more-on-fixed-income-portable-alpha/#comments</comments>
		<pubDate>Wed, 06 Feb 2008 01:23:56 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/02/05/more-on-fixed-income-portable-alpha/</guid>
		<description><![CDATA[In a December 2007 discussion paper, Franklin Templeton&#8217;s Australian fixed income group said it is seeing, &#8220;especially strong interest in the application of portable alpha to fixed income investing.&#8221;  (Prudential&#8217;s fixed income group and Morgan Stanley&#8217;s Portable Alpha team would likely agree.)
The paper is solidly alpha-centric:
&#8220;Portable alpha strategies, designed to isolate generation of alpha (excess return over a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/02/05/more-on-fixed-income-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>130/30 Experts: pick your compensation&#8230; &#8220;attractive&#8221;, &#8220;competitive&#8221;, or &#8220;outstanding&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/01/22/13030-experts-pick-your-compensation-attractive-competitive-or-outstanding/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/22/13030-experts-pick-your-compensation-attractive-competitive-or-outstanding/#comments</comments>
		<pubDate>Tue, 22 Jan 2008 22:24:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/22/13030-experts-pick-your-compensation-attractive-competitive-or-outstanding/</guid>
		<description><![CDATA[Three job postings reveal that 130/30 is as much about sales and education as it is about investing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/22/13030-experts-pick-your-compensation-attractive-competitive-or-outstanding/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New paper explains &#8220;muted demand&#8221; for portable alpha</title>
		<link>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 01:00:11 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Investment Management Fees]]></category>
		<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/</guid>
		<description><![CDATA[When arguments can be made that 130/30 investing and portable alpha are cousins, why then has 130/30 become the cat's meow and portable alpha growth is "muted"?  Two academics have a theory.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Swedish Pension Plan: Alpha-Beta Split = Investment &#8220;Creativity&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/12/17/swedish-pension-plan-alpha-beta-split-investment-creativity/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/17/swedish-pension-plan-alpha-beta-split-investment-creativity/#comments</comments>
		<pubDate>Tue, 18 Dec 2007 01:01:44 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/17/swedish-pension-plan-alpha-beta-split-investment-creativity/</guid>
		<description><![CDATA[An official with one of Sweden's national pension funds told an audience last week that alpha-beta separation has led to more "creativity" on his team.  His approach is clean and simple...like another Swedish innovation.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/17/swedish-pension-plan-alpha-beta-split-investment-creativity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An Absolute Return Approach to Portable Alpha</title>
		<link>http://allaboutalpha.com/blog/2007/12/09/an-absolute-return-approach-to-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/09/an-absolute-return-approach-to-portable-alpha/#comments</comments>
		<pubDate>Sun, 09 Dec 2007 20:52:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2748</guid>
		<description><![CDATA[By: Franklin Templeton Fixed Income Group
Published: December 2007
Abstract: Portable alpha strategies, designed to isolate generation of alpha (excess return over a benchmark) while maintaining the desired asset allocation to traditional beta (market) exposures, have been gaining in popularity among investors. While applications of these strategies may vary in nature, they characteristically have one element in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/09/an-absolute-return-approach-to-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mutual fund company launches retail portable alpha funds based on &#8220;real&#8221; alpha</title>
		<link>http://allaboutalpha.com/blog/2007/12/03/mutual-fund-company-launches-retail-portable-alpha-funds-based-on-real-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/12/03/mutual-fund-company-launches-retail-portable-alpha-funds-based-on-real-alpha/#comments</comments>
		<pubDate>Tue, 04 Dec 2007 00:20:09 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/12/03/mutual-fund-company-launches-retail-portable-alpha-funds-based-on-real-alpha/</guid>
		<description><![CDATA[The term "exotic beta" still generates embarrased giggles when uttered outside the hedge fund industry.  But one mutual fund company is trying to change that by applying hedge fund concepts to mutual fund analysis.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/12/03/mutual-fund-company-launches-retail-portable-alpha-funds-based-on-real-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Convergence at The Rockefeller Center</title>
		<link>http://allaboutalpha.com/blog/2007/11/07/convergence-at-the-rockefeller-center/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/07/convergence-at-the-rockefeller-center/#comments</comments>
		<pubDate>Thu, 08 Nov 2007 03:59:55 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/07/convergence-at-the-rockefeller-center/</guid>
		<description><![CDATA[What if alpha didn't exist?  Would that put a major kibosh on "portable alpha"?  Apparently not.  In fact, alpha may not even be that important to portable alpha after all.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/07/convergence-at-the-rockefeller-center/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Blogger&#8217;s Notebook: &#8220;Portable Alpha &amp; 130/30 USA&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/11/07/bloggers-notebook-portable-alpha-13030-usa/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/07/bloggers-notebook-portable-alpha-13030-usa/#comments</comments>
		<pubDate>Thu, 08 Nov 2007 03:59:35 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/11/07/bloggers-notebook-portable-alpha-13030-usa/</guid>
		<description><![CDATA[For the 8th week in a row, Alpha Male finds himself eating conference Danishes and pre-package cream cheese for breakfast at "Portable Alpha &#038; 130/30 USA".]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/07/bloggers-notebook-portable-alpha-13030-usa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha &#8220;Unleashed&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/10/04/alpha-unleashed/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/04/alpha-unleashed/#comments</comments>
		<pubDate>Fri, 05 Oct 2007 04:51:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/10/04/alpha-unleashed/</guid>
		<description><![CDATA[A new white paper from T. Rowe Price ties together portable alpha and alternative beta.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/04/alpha-unleashed/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An Alpha Unleashed: Optimal Derivative Portfolios for Portable Alpha Strategies</title>
		<link>http://allaboutalpha.com/blog/2007/09/16/an-alpha-unleashed-optimal-derivative-portfolios-for-portable-alpha-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/16/an-alpha-unleashed-optimal-derivative-portfolios-for-portable-alpha-strategies/#comments</comments>
		<pubDate>Sun, 16 Sep 2007 20:39:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2519</guid>
		<description><![CDATA[By: Stefan Hubrich
Published: September 2007
Abstract: In the past few years there has been an increasing interest in so-called “portable alpha” strategies for institutional investors. In a nutshell, these strategies aim at isolating the contribution above the benchmark return (“alpha”) in a given investment, and to potentially “port” it on to another, more desirable benchmark (or [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/16/an-alpha-unleashed-optimal-derivative-portfolios-for-portable-alpha-strategies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CIO of $32b Swedish National Pension Fund: Portable Alpha Has &#8220;Merits&#8221; and &#8220;Risks&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/09/09/cio-of-swedish-national-pension-portable-alpha-has-%e2%80%98merits-and-risks%e2%80%99/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/09/cio-of-swedish-national-pension-portable-alpha-has-%e2%80%98merits-and-risks%e2%80%99/#comments</comments>
		<pubDate>Mon, 10 Sep 2007 01:00:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Guest Posts]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/09/cio-of-swedish-national-pension-portable-alpha-has-%e2%80%98merits-and-risks%e2%80%99/</guid>
		<description><![CDATA[In this guest posting, the CIO of one of five "buffer funds" in the Swedish pension system reflects on his experiences as a pioneer of alpha-centric investing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/09/cio-of-swedish-national-pension-portable-alpha-has-%e2%80%98merits-and-risks%e2%80%99/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deutsche Bank hedge fund-of-funds joins march on retail market</title>
		<link>http://allaboutalpha.com/blog/2007/08/13/deutsche-bank-hedge-fund-of-funds-joins-march-on-retail-market/</link>
		<comments>http://allaboutalpha.com/blog/2007/08/13/deutsche-bank-hedge-fund-of-funds-joins-march-on-retail-market/#comments</comments>
		<pubDate>Mon, 13 Aug 2007 23:29:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/08/13/deutsche-bank-hedge-fund-of-funds-joins-march-on-retail-market/</guid>
		<description><![CDATA[Deutsche Bank recently announced the launch of a "portable alpha" product for retail investors - the latest in a steady flow of alpha-centric products hitting shelves during the recent market calamity. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/08/13/deutsche-bank-hedge-fund-of-funds-joins-march-on-retail-market/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Conference proceedings amount to alpha-centric radar screen</title>
		<link>http://allaboutalpha.com/blog/2007/07/15/conference-proceedings-amount-to-alpha-centric-radar-screen/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/15/conference-proceedings-amount-to-alpha-centric-radar-screen/#comments</comments>
		<pubDate>Mon, 16 Jul 2007 03:00:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/15/conference-proceedings-amount-to-alpha-centric-radar-screen/</guid>
		<description><![CDATA[A conference covering portable alpha, 130/30, LDI and related strategies has recently released its proceedings to the public.  While they contain no new research, they show what's currently on the alpha-centric radar screen.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/15/conference-proceedings-amount-to-alpha-centric-radar-screen/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&quot;Bundled&quot; Portable Alpha: A Bridge Across The Portable Alpha Chasm?</title>
		<link>http://allaboutalpha.com/blog/2007/07/04/bundled-portable-alpha-a-bridge-across-the-portable-alpha-chasm/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/04/bundled-portable-alpha-a-bridge-across-the-portable-alpha-chasm/#comments</comments>
		<pubDate>Thu, 05 Jul 2007 03:40:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/04/bundled-portable-alpha-a-bridge-across-the-portable-alpha-chasm/</guid>
		<description><![CDATA[While nearly all institutional investors are now clear about the benefits of portable alpha, many are still put off by its often complex mechanics.  Unlike a simple active long-only mandate, a portable alpha strategy can often involve multiple accounts, the assumption of counterparty risk when using swaps for beta exposure, and cash management and rebalancing due to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/04/bundled-portable-alpha-a-bridge-across-the-portable-alpha-chasm/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>BGI: Why Buy Pre-Packaged Alpha &amp; Beta?</title>
		<link>http://allaboutalpha.com/blog/2007/06/18/bgi-why-buy-pre-packaged-alpha-beta/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/18/bgi-why-buy-pre-packaged-alpha-beta/#comments</comments>
		<pubDate>Tue, 19 Jun 2007 00:45:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/18/bgi-why-buy-pre-packaged-alpha-beta/</guid>
		<description><![CDATA[Don't tell Stan Beckers that BGI is a beta shop.  He's head of "alpha management" at the firm and has been actively talking up BGI's alpha skills on the conference circuit recently.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/18/bgi-why-buy-pre-packaged-alpha-beta/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Overlays Wake Up From Long Slumber</title>
		<link>http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/#comments</comments>
		<pubDate>Wed, 13 Jun 2007 01:45:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/</guid>
		<description><![CDATA["Overlay" is the wildcard of the asset management lexicon.  It seems that everyone is overlaying something on something else these days.  As soon as we figure out what, we'll let you know.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/12/overlays-wake-up/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Study suggests wealthy avoiding mutual funds in favor of indexing</title>
		<link>http://allaboutalpha.com/blog/2007/06/06/study-suggests-wealthy-avoiding-mutual-funds-in-favor-of-indexing/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/06/study-suggests-wealthy-avoiding-mutual-funds-in-favor-of-indexing/#comments</comments>
		<pubDate>Thu, 07 Jun 2007 03:35:49 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/06/06/study-suggests-wealthy-avoiding-mutual-funds-in-favor-of-indexing/</guid>
		<description><![CDATA[A recent study suggested to some that the wealthy have turned their backs on indexing.  But a closer look reveals wealthy investors actually index more of their mutual fund assets than the rest of us. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/06/study-suggests-wealthy-avoiding-mutual-funds-in-favor-of-indexing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A quarter vs. three nickels and a dime&#8230;</title>
		<link>http://allaboutalpha.com/blog/2007/05/13/a-quarter-vs-three-nickels-and-a-dime/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/13/a-quarter-vs-three-nickels-and-a-dime/#comments</comments>
		<pubDate>Mon, 14 May 2007 02:24:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/13/a-quarter-vs-three-nickels-and-a-dime/</guid>
		<description><![CDATA[Separating alpha and beta is much like giving change for a twenty.  You provide a $20 bill to the storekeeper and he "strips-away" only what is needed.  But imagine a world with no change... ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/13/a-quarter-vs-three-nickels-and-a-dime/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Poll of institutional investors shows they face a &quot;sea of ambiguity&quot;</title>
		<link>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/#comments</comments>
		<pubDate>Wed, 09 May 2007 23:26:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/</guid>
		<description><![CDATA[The benefits, costs and risks of 130/30, portable alpha, hedge funds and other emerging investment techniques are now quite clear to those immersed in the hedge fund and asset management community.  As we debate abstract ideas such as market inefficiencies, it&#8217;s easy to become frustrated with the pace of adoption.  But the fact remains that communicating these ideas to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/09/poll-of-institutional-investors-shows-they-face-a-sea-of-ambiguity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fixed Income: A return to the glory days of yesteryear?</title>
		<link>http://allaboutalpha.com/blog/2007/05/02/fixed-income-a-return-to-the-glory-days-of-yesteryear/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/02/fixed-income-a-return-to-the-glory-days-of-yesteryear/#comments</comments>
		<pubDate>Thu, 03 May 2007 01:28:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/02/fixed-income-a-return-to-the-glory-days-of-yesteryear/</guid>
		<description><![CDATA[Putnam Institutional Investments says advances in financial technology such as credit derivatives, means today's fixed income strategies sure aren't your father's bond portfolio.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/02/fixed-income-a-return-to-the-glory-days-of-yesteryear/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EVENT: Portable Alpha &amp; 130/30 Strategies 2007</title>
		<link>http://allaboutalpha.com/blog/2007/04/18/event-portable-alpha-13030-strategies-2007/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/18/event-portable-alpha-13030-strategies-2007/#comments</comments>
		<pubDate>Thu, 19 Apr 2007 00:06:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[130/30]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/18/event-portable-alpha-13030-strategies-2007/</guid>
		<description><![CDATA[Location: New York
Dates: November 7-9, 2007
Organized By: Terrapinn
In a great example of real-time market response, organizers of &#8220;Portable Alpha USA&#8221; have recently added &#8220;130/30&#8243; to the mix. While these two topics might appear to be slightly different species, we argue that they are part of the same genus: alpha-centrus investingae. Portable Alpha advocates would have [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/18/event-portable-alpha-13030-strategies-2007/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Implementing an LDI framework (Portable Alpha)</title>
		<link>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/#comments</comments>
		<pubDate>Mon, 09 Apr 2007 17:17:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2757</guid>
		<description><![CDATA[By: Barclays Global Investors
Published: April 2007 (presentation)
Abstract: This presentation looks at: Constructing liability driven investment solutions; Pension scheme risks; Sources of risk – current strategies; Corporate finance theory (Black et al); LDI – practice; Liability Driven Investment = spending the risk budget wisely; Minimising long only impact; Investment efficiency in a liability context; Building block [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Northwater launches new &#8220;portable alpha&#8221; funds</title>
		<link>http://allaboutalpha.com/blog/2007/04/03/northwater-launches-new-portable-alpha-funds/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/03/northwater-launches-new-portable-alpha-funds/#comments</comments>
		<pubDate>Tue, 03 Apr 2007 22:04:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/04/03/northwater-launches-new-portable-alpha-funds/</guid>
		<description><![CDATA[Quant manager Northwater launched two new funds today that it calls â€œportable alpha fundsâ€. Theyâ€™re interesting offerings that definitely bifurcate alpha and beta. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/03/northwater-launches-new-portable-alpha-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Janus: The Roman god of alpha/beta separation?</title>
		<link>http://allaboutalpha.com/blog/2007/03/25/janus-the-roman-god-of-alphabeta-separation/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/25/janus-the-roman-god-of-alphabeta-separation/#comments</comments>
		<pubDate>Mon, 26 Mar 2007 02:35:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/25/janus-the-roman-god-of-alphabeta-separation/</guid>
		<description><![CDATA[Janus, the company whose logo looks like an early version of that face transplant performed in France last year, has come out with an intriguing offering that aims to separate alpha and beta investment decisions. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/25/janus-the-roman-god-of-alphabeta-separation/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Northwater Capital: Asset Manager 2.0?</title>
		<link>http://allaboutalpha.com/blog/2007/03/19/northwater-capital-asset-manager-20/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/19/northwater-capital-asset-manager-20/#comments</comments>
		<pubDate>Tue, 20 Mar 2007 02:05:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/19/northwater-capital-asset-manager-20/</guid>
		<description><![CDATA[Northwater&#8217;s alpha-centric, open-architecture, solution-oriented business model: a harbinger of things to come?
Northwater Capital Management is so into alpha-centric investing, that until last year, its old company home page included only three things: the company&#8217;s name, its logo and the CAPM.
They have since opted for a more disarming view of the sunset over water (perhaps the fabled &#8220;north&#8221; water).  [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/19/northwater-capital-asset-manager-20/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Columnist throws out alpha baby with beta bathwater</title>
		<link>http://allaboutalpha.com/blog/2007/03/18/columnist-throws-out-alpha-baby-with-beta-bathwater/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/18/columnist-throws-out-alpha-baby-with-beta-bathwater/#comments</comments>
		<pubDate>Sun, 18 Mar 2007 23:51:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/18/columnist-throws-out-alpha-baby-with-beta-bathwater/</guid>
		<description><![CDATA[Bloomberg&#8217;s Chet Currier is generally in tune with alpha-centric investing.  In a column last fall, he quite correctly observed:
The very model of a mutual fund is indeed outmoded, argues a large and growing group of financial researchers and professional money managers who are busy describing, building and proselytizing for a different way of doing things&#8230;The alpha-beta community [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/18/columnist-throws-out-alpha-baby-with-beta-bathwater/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Valentine&#8217;s Special: Canada&#8217;s Secret Crush on Portable Alpha</title>
		<link>http://allaboutalpha.com/blog/2007/02/15/valentines-special-canadas-secret-crush-on-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/15/valentines-special-canadas-secret-crush-on-portable-alpha/#comments</comments>
		<pubDate>Fri, 16 Feb 2007 03:45:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/15/valentines-special-canadas-secret-crush-on-portable-alpha/</guid>
		<description><![CDATA[Alpha Male was a moderator and panelist last week at an alternative investment conference in the Great White North.  One of the other speakers at the event was Lea Hansen, a Principal at consultant Greenwich Associates.  Hansen is a highly respected member of the Canadian financial intelligentsia, once serving as President of the Toronto CFA Society, and also as a commissioner of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/15/valentines-special-canadas-secret-crush-on-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Jaeger: Hedge Funds Usher in &#8220;Atomic&#8221; Age of Investing</title>
		<link>http://allaboutalpha.com/blog/2007/02/12/jaeger-hedge-funds-usher-in-atomic-age-of-investing/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/12/jaeger-hedge-funds-usher-in-atomic-age-of-investing/#comments</comments>
		<pubDate>Tue, 13 Feb 2007 02:22:28 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[CAPM / Alpha Theory]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/12/jaeger-hedge-funds-usher-in-atomic-age-of-investing/</guid>
		<description><![CDATA[You don&#8217;t need a Ph.D. in physics to understand hedge fund replication. But Lars Jaeger has one just in case. And he used it masterfully today to draw an analogy between the model of the atom in the 19th century (a random mass of various particles) and the common paradigm understood today including a nucleus [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/12/jaeger-hedge-funds-usher-in-atomic-age-of-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Smart Money Going to Portable Alpha: Conference Attendees</title>
		<link>http://allaboutalpha.com/blog/2007/02/07/smart-money-going-to-portable-alpha-conference-attendees/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/07/smart-money-going-to-portable-alpha-conference-attendees/#comments</comments>
		<pubDate>Wed, 07 Feb 2007 21:59:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/07/smart-money-going-to-portable-alpha-conference-attendees/</guid>
		<description><![CDATA[February 7, 2007 (Geneva) - AllAboutAlpha.com contributor Mark Baumgartner of Morgan Stanley says that Portable Alpha is on the minds of attendees of this year&#8217;s Institutional Fund Management conference in Geneva today.  Baumgartner reports the results of an electronic poll of audience members conducted this morning during a session entitled &#8220;Predicting Where the Smart Money is Going: [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/07/smart-money-going-to-portable-alpha-conference-attendees/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Advisors Warm to Options.  Now What?</title>
		<link>http://allaboutalpha.com/blog/2007/02/06/advisors-warm-to-options-now-what/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/06/advisors-warm-to-options-now-what/#comments</comments>
		<pubDate>Wed, 07 Feb 2007 02:39:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/06/advisors-warm-to-options-now-what/</guid>
		<description><![CDATA[&#8220;Online Options Trading is Getting Cheaper&#8221;
By: Aaron Siegel, Investment News
Published: February 5, 2007
According to the CBOE, only 5-10% of financial advisors have ever used options.  But Investment News says today that this may change with the introduction of new, cheaper ways to trade options online.  James Bittman, director of program development at the Chicago Board [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/06/advisors-warm-to-options-now-what/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pyramis (Fidelity) Splices Alpha &amp; Beta</title>
		<link>http://allaboutalpha.com/blog/2007/02/02/pyramis-fidelity-splices-alpha-beta/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/02/pyramis-fidelity-splices-alpha-beta/#comments</comments>
		<pubDate>Sat, 03 Feb 2007 01:58:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/02/pyramis-fidelity-splices-alpha-beta/</guid>
		<description><![CDATA[&#8220;Fidelity Targets Pensions Cash&#8221; 
By: Deborah Brewster, Financial Times
Published: January 28, 2007
Note to pension readers: get ready for a call from your friendly neighborhood Fidelity sales guy.  According to the Financial Times, Fidelity&#8217;s institutional arm, Pyramis, is about to teach a clinic on alpha-centric investing:
&#8220;Pyramis&#8217;s main push will be into the more sophisticated â€“ and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/02/pyramis-fidelity-splices-alpha-beta/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Under the hood, new ETFs are same tools used for &#8220;portable alpha&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/02/02/under-the-hood-new-etfs-are-same-tools-used-for-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/02/under-the-hood-new-etfs-are-same-tools-used-for-portable-alpha/#comments</comments>
		<pubDate>Sat, 03 Feb 2007 01:55:38 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/02/02/under-the-hood-new-etfs-are-same-tools-used-for-portable-alpha/</guid>
		<description><![CDATA[&#8220;These ETFs Bring Hedge Fund Tactics to the Mainstream&#8221;
By: Rob Werry, SmartMoney.com
Published: January 31, 2007
For individual investors, ETFs are the easiest way to satisfy the beta requirement in an &#8220;alpha-centric&#8221; portfolio.  This article illustrates how those ETFs now contain ingredients that are more exotic than you may have thought.  No longer are ETFs simply bundles of stocks.  Now, 2X [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/02/under-the-hood-new-etfs-are-same-tools-used-for-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>King of Quants</title>
		<link>http://allaboutalpha.com/blog/2007/01/30/king-of-quants/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/30/king-of-quants/#comments</comments>
		<pubDate>Wed, 31 Jan 2007 04:08:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/30/king-of-quants/</guid>
		<description><![CDATA[By: Douglas Appell, Pensions &#38; Investments
Published: January 8, 2007
Any of you who have tried to read this article by PanAgora CEO, Eric Sorensen will understand clearly what he meant when he told P&#38;I in a recent interview:
&#8220;We&#8217;re academics. We do practical research, (at a) very high level, and we love to do it. And oh, by [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/30/king-of-quants/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Future is &#8220;True Alpha&#8221; &amp; &#8220;Cheap Beta&#8221;: McKinsey</title>
		<link>http://allaboutalpha.com/blog/2007/01/29/the-future-is-true-alpha-cheap-beta-mckinsey/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/29/the-future-is-true-alpha-cheap-beta-mckinsey/#comments</comments>
		<pubDate>Tue, 30 Jan 2007 02:58:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/29/the-future-is-true-alpha-cheap-beta-mckinsey/</guid>
		<description><![CDATA[&#8220;The Asset Management Industry: A Growing Gap Between the Winners and the Also-Rans&#8221;
By: McKinsey &#38; Company
Published: 2006
This McKinsey report echoes a theme discussed by Tim Price, the CIO of Global Strategies at UBP.  It essentially concludes that is is the best of times and worst of times for asset managers.  To back up this argument, McKinsey reports on a survey showing a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/29/the-future-is-true-alpha-cheap-beta-mckinsey/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Turning theory into reality</title>
		<link>http://allaboutalpha.com/blog/2007/01/19/turning-theory-into-reality/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/19/turning-theory-into-reality/#comments</comments>
		<pubDate>Sat, 20 Jan 2007 01:21:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/19/turning-theory-into-reality/</guid>
		<description><![CDATA[By: Hugo Greenhalgh, FT Mandate
Published: November 2006
FT published a good overview of portable alpha in November.  It&#8217;s a follow-up to FT Mandate&#8217;s June 2006 piece called &#8220;Portable alpha gains widespread acceptance&#8220;.
A Disruptive Financial Technology
Greenhalgh suggests the development of new financial technologies is enabling portable alpha:
&#8220;With financial instruments such as swaps becoming more widely accepted, the notion of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/19/turning-theory-into-reality/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pitfalls &amp; Risks In Portable Alpha Implementations</title>
		<link>http://allaboutalpha.com/blog/2007/01/09/pitfalls-risks-in-portable-alpha-implementations/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/09/pitfalls-risks-in-portable-alpha-implementations/#comments</comments>
		<pubDate>Tue, 09 Jan 2007 20:41:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2749</guid>
		<description><![CDATA[By: Morgan Stanley Alternative Investment Partners
Published: January 2007
Abstract: Anything that is new or not well understood has a high unknown risk component. Anything perceived to be uncontrollable or to have potentially catastrophic consequences has a high dread risk component. As an example, compare the risk perception of two energy sources: coal power and nuclear power.
   
   
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/09/pitfalls-risks-in-portable-alpha-implementations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Global Capital: The Best, and Worst, of Times</title>
		<link>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/#comments</comments>
		<pubDate>Mon, 08 Jan 2007 01:26:18 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/</guid>
		<description><![CDATA[By: Tim Price, CIO, Global Strategies, UBP
Published: January 4, 2007
Tim Price lives at an intersection.  Only his intersection doesn&#8217;t show up on Google Maps.  As the CIO, Global Strategies for one of the world&#8217;s largest hedge fund &#38; private equity investors, he has his finger on the pulse of the alpha-generation industry and on his clients&#8217; [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/07/global-capital-the-best-of-times-the-worst-of-times/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EVENT: Strategic Portable Alpha</title>
		<link>http://allaboutalpha.com/blog/2007/01/05/event-strategic-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/05/event-strategic-portable-alpha/#comments</comments>
		<pubDate>Sat, 06 Jan 2007 01:32:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/01/05/event-strategic-portable-alpha/</guid>
		<description><![CDATA[Location: Abu Dhabi
Date: January 14-17, 2007
Organized by: UNI Training
With more snow in Dubai than in Switzerland this winter, you may find yourself in the Gulf region with a few days to kill in January.  This workshop promises to help you &#8220;enhance and gain an intuitive understanding of portable alpha from a practitioner&#8217;s viewpoint&#8221;.
View Workshop Brochure
P.S. Speaking [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/05/event-strategic-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Donald Putnam: ETFs a &#8220;Disruptive Technology&#8221;</title>
		<link>http://allaboutalpha.com/blog/2006/12/29/donald-putnam-etfs-a-disruptive-technology/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/29/donald-putnam-etfs-a-disruptive-technology/#comments</comments>
		<pubDate>Sat, 30 Dec 2006 04:17:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/29/donald-putnam-etfs-a-disruptive-technology/</guid>
		<description><![CDATA[By: Cecily O&#8217;Connor, Pensions &#38; Investments
Published: December 25, 2006
When Donald Putnam (co-founder of Putnam Lovell) speaks, people listen.  So when he brands ETFs a &#8220;disruptive technology&#8221;, you know someone is in for a rough ride.  In this case, it&#8217;s mutual funds.  Like Morgan Stanley&#8217;s Mark Baumgartner and like us at AllAboutAlpha, Putnam views recent financial trends as fundamental game-changing [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/29/donald-putnam-etfs-a-disruptive-technology/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Note to Bloomberg: Chet Currier is a very smart man.</title>
		<link>http://allaboutalpha.com/blog/2006/12/19/note-to-bloomberg-management-chet-currier-is-a-very-smart-man/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/19/note-to-bloomberg-management-chet-currier-is-a-very-smart-man/#comments</comments>
		<pubDate>Tue, 19 Dec 2006 23:39:37 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/19/note-to-bloomberg-management-chet-currier-is-a-very-smart-man/</guid>
		<description><![CDATA[Kudos to Bloomberg&#8217;s Chet Currier for shining the spotlight on alpha-centric investing today (&#8220;Does Alpha-Beta Spell &#8220;The End&#8221; for Mutual Funds?&#8220;).  Reports Currier:
&#8220;The very model of a mutual fund is indeed outmoded, argues a large and growing group of financial researchers and professional money managers who are busy describing, building and proselytizing for a different [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/19/note-to-bloomberg-management-chet-currier-is-a-very-smart-man/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>I know what you did last summer&#8230;you wrote a paper lambasting portable alpha</title>
		<link>http://allaboutalpha.com/blog/2006/12/13/i-know-what-you-did-last-summeryou-wrote-a-paper-lambasting-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/13/i-know-what-you-did-last-summeryou-wrote-a-paper-lambasting-portable-alpha/#comments</comments>
		<pubDate>Thu, 14 Dec 2006 00:39:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/13/i-know-what-you-did-last-summeryou-wrote-a-paper-lambasting-portable-alpha/</guid>
		<description><![CDATA[&#8220;Inefficiencies of Portable Alpha Models&#8221;
By: Eric Murphy, Princeton University
Published: July 29, 2006
Ah, those hazy lazy days of your college summers.  Summer jobs, parties, weekends at the beach, writing portable alpha research papers.
Princeton undergraduate student Eric Murphy did just this, finishing off his clearly worded, logical argument against portable alpha in the dog days of last summer.  In the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/13/i-know-what-you-did-last-summeryou-wrote-a-paper-lambasting-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha: A Practitioner&#8217;s Guide</title>
		<link>http://allaboutalpha.com/blog/2006/12/13/portable-alpha-a-practitioners-guide/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/13/portable-alpha-a-practitioners-guide/#comments</comments>
		<pubDate>Thu, 14 Dec 2006 00:32:01 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/13/portable-alpha-a-practitioners-guide/</guid>
		<description><![CDATA[By: Jack Coates &#038; Mark Baumgartner, Morgan Stanley
Published: July 2006, Euromoney Asset Management &#038; Trading Handbook 2006 / 2007
&#8220;Every now and then, there is a development in the world of finance that results in a major paradigm shift.&#8221;
&#8220;As with any new idea or methodology, there is an incubation period during which the idea is vetted and [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/13/portable-alpha-a-practitioners-guide/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Shark Attacks, Fast Food, Bad Drivers and No Place to Hide</title>
		<link>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/#comments</comments>
		<pubDate>Tue, 12 Dec 2006 23:57:54 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/</guid>
		<description><![CDATA[This is the final dispatch from Alpha Male&#8217;s road trip to Institutional Investor&#8217;s Alpha Generation Forum in New York last week.
I&#8217;d be the first to admit alpha centric investing (portable alpha, active overlays, 1X0/X0 strategies, hedge funds, ETFs etc.) can be brutally boring sometimes.
But to their credit, the speakers at this event kept us all [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/12/shark-attacks-fast-food-bad-drivers-and-no-place-to-hide/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Interview with Wilshire&#8217;s Jim Dunn about the new Wilshire/Fairfield Greenwich portable alpha offering</title>
		<link>http://allaboutalpha.com/blog/2006/12/11/interview-with-wilshires-jim-dunn-about-the-new-wilshirefairfield-greenwich-portable-alpha-offering/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/11/interview-with-wilshires-jim-dunn-about-the-new-wilshirefairfield-greenwich-portable-alpha-offering/#comments</comments>
		<pubDate>Tue, 12 Dec 2006 02:37:08 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/12/11/interview-with-wilshires-jim-dunn-about-the-new-wilshirefairfield-greenwich-portable-alpha-offering/</guid>
		<description><![CDATA[Earlier today (Monday), I spoke with Jim Dunn, VP at Wilshire Associates about the firm&#8217;s new partnership with hedge fund manager Fairfield Greenwich Group to provide a turn-key portable alpha solution.
A former convertible arbitrage manager and graduate of Villanova University, Dunn was hired by Santa Monica-based Wilshire about 18 months ago to spearhead the firm&#8217;s [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/11/interview-with-wilshires-jim-dunn-about-the-new-wilshirefairfield-greenwich-portable-alpha-offering/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha via Structured Products</title>
		<link>http://allaboutalpha.com/blog/2006/11/21/portable-alpha-via-structured-products/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/21/portable-alpha-via-structured-products/#comments</comments>
		<pubDate>Wed, 22 Nov 2006 01:51:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/21/portable-alpha-via-structured-products/</guid>
		<description><![CDATA[Portable Alpha â€“ The Most-Talked-About Application of â€˜Alpha&#8217; is Becoming Reality
By: Todd M. Brussel, The Royal Bank of Scotland Group
Published: November 2006, Eurekahedge
This article provides some good simple examples of how alpha can be distilled, ported and packaged in the form of structured products.
&#8220;a synthesised structured portable alpha product employing FOF [funds of funds] can transform [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/21/portable-alpha-via-structured-products/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An Alpha+Beta Framework</title>
		<link>http://allaboutalpha.com/blog/2006/11/16/an-alphabeta-framework/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/16/an-alphabeta-framework/#comments</comments>
		<pubDate>Fri, 17 Nov 2006 02:13:00 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/16/an-alphabeta-framework/</guid>
		<description><![CDATA[By: Edward Kung, Babson Capital &#38; Larry Pohlman, Wellington Management Company
Published:á=Winter 2005, Journal of Investing
This article provides a ringing indictment of strategic asset allocation (SAA). The authors argue that an Á-°Alpha BetaÁ-? solution is far superior to a simple allocation to stocks/bonds/cash and sub-allocations to various equity classes.
Á-°A policy portfolio needs to meet all of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/16/an-alphabeta-framework/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>No Love for Portable Alpha</title>
		<link>http://allaboutalpha.com/blog/2006/11/13/no-love-for-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/13/no-love-for-portable-alpha/#comments</comments>
		<pubDate>Tue, 14 Nov 2006 02:03:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/13/no-love-for-portable-alpha/</guid>
		<description><![CDATA[By: Vince Calio, Pensions &#38; Investments
Published: October 30, 2006
Okay, so not everyone is a huge fan of portable alpha.  Can you blame them after all the hype?
But as the recent Goldman Sachs Annual client pow-wow illustrates, there remains much debate over basic definitions.  According to Pensions &#38; Investments, endowments are particularly skeptical of portable alpha.  They argue that their [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/13/no-love-for-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Alternative Portfolio Strategies: Standing in the Alpha-Beta Parking Lot</title>
		<link>http://allaboutalpha.com/blog/2006/11/12/alternative-portfolio-strategies-standing-in-the-alpha-beta-parking-lot/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/12/alternative-portfolio-strategies-standing-in-the-alpha-beta-parking-lot/#comments</comments>
		<pubDate>Mon, 13 Nov 2006 02:09:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/12/alternative-portfolio-strategies-standing-in-the-alpha-beta-parking-lot/</guid>
		<description><![CDATA[By: Matthew Nelson, Tower Group
Published: November 2005
(editor&#8217;s note: At AllAboutAlpha, we do all we can to ensure readers don&#8217;t get stuck having to subscribe to or purchase the content to which we link.  Whenever possible, we find free registrations or provide a free alternative versions of any for-fee content that we cover.  However, we make an [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/12/alternative-portfolio-strategies-standing-in-the-alpha-beta-parking-lot/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EVENT: Portable Alpha Plus</title>
		<link>http://allaboutalpha.com/blog/2006/11/11/event-portable-alpha-plus/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/11/event-portable-alpha-plus/#comments</comments>
		<pubDate>Sat, 11 Nov 2006 13:01:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/11/event-portable-alpha-plus/</guid>
		<description><![CDATA[Organizer: Strategic Research Institute
Location: Scottsdale, AZ
Dates: January 28-31, 2007
SRI bills this event as one of four &#8220;concurrent events&#8221; at its 2007 Alternative Investment Round-up (Yeeee-ha!).  Featuring actual case studies, this sounds like it could be a very interesting event.  According to the programme, the conference will include:



&#8220;&#8230;case studies by investors who have completed implementation and can speak to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/11/event-portable-alpha-plus/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ETFs and Hedge Funds: Separated at Birth</title>
		<link>http://allaboutalpha.com/blog/2006/11/09/etfs-and-hedge-funds-separated-at-birth/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/09/etfs-and-hedge-funds-separated-at-birth/#comments</comments>
		<pubDate>Fri, 10 Nov 2006 02:56:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/09/etfs-and-hedge-funds-separated-at-birth/</guid>
		<description><![CDATA[When mutual funds can be cloned using a combination of ETFs and hedge funds, it&#8217;s no surprise that both sectors seem to be growing in tandem.  
            
Experts have been trying to reconcile these seemingly contradictory trends.  Are we giving up on active management or embracing it?  Do we want boutique alpha generators or do we want [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/09/etfs-and-hedge-funds-separated-at-birth/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>BGI CEO tells FT about &#8220;artificial distinction&#8221; between hedge and long-only</title>
		<link>http://allaboutalpha.com/blog/2006/11/09/bgi-ceo-tells-ft-about-artificial-distinction-between-hedge-and-long-only/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/09/bgi-ceo-tells-ft-about-artificial-distinction-between-hedge-and-long-only/#comments</comments>
		<pubDate>Thu, 09 Nov 2006 16:12:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/09/bgi-ceo-tells-ft-about-artificial-distinction-between-hedge-and-long-only/</guid>
		<description><![CDATA[By: Deborah Brewster, Financial Times
Published: November 9, 2006
Blake Grossman, CEO of BGI, articulates a point that is central to alpha-centric investing: that the terms &#8220;alpha&#8221; and &#8220;beta&#8221; are not synonymous with &#8220;hedge&#8221; and &#8220;long-only&#8221;.  Says FT:
&#8220;The head of Barclays Global Investors, the world&#8217;s biggest money manager, has said the distinction between hedge funds and the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/09/bgi-ceo-tells-ft-about-artificial-distinction-between-hedge-and-long-only/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Bridgewater takes portable alpha route, urges clients to follow suit</title>
		<link>http://allaboutalpha.com/blog/2006/10/30/bridgewater-takes-portable-alpha-route-urges-clients-to-follow-suit/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/30/bridgewater-takes-portable-alpha-route-urges-clients-to-follow-suit/#comments</comments>
		<pubDate>Tue, 31 Oct 2006 01:47:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/30/bridgewater-takes-portable-alpha-route-urges-clients-to-follow-suit/</guid>
		<description><![CDATA[By: Christine Williamson, Pensions &#038; Investments
Published: October 30, 2006
   
Talk about industry leadership.  According to Pensions &#038; Investments, Bridgewater (manager of $165 billion) has sent letters to its clients saying that portable alpha strategies are such a no-brainer, that any client not buying in to the approach in the next 12 months will be, as P&#038;I puts [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/30/bridgewater-takes-portable-alpha-route-urges-clients-to-follow-suit/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Alpha, Beta &amp; Bicycles</title>
		<link>http://allaboutalpha.com/blog/2006/10/23/alpha-beta-bicycles/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/23/alpha-beta-bicycles/#comments</comments>
		<pubDate>Tue, 24 Oct 2006 02:08:34 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/23/alpha-beta-bicycles/</guid>
		<description><![CDATA[By: Michael Dalis, State Street Global Advisors
Published: August 24, 2006
Saddle up for the &#8220;Tour de Alpha&#8221;! 
Michael Dalis of State Street compares asset management to a bicycle race (work with us here).  He says that no one has ever won the Tour de France without first cooperating with his competitors.  Like an episode of &#8220;Survivor: Pyrenees&#8220;, cyclists must [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/23/alpha-beta-bicycles/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fidelity Practically a &#8220;No Show&#8221; in ETF Arena</title>
		<link>http://allaboutalpha.com/blog/2006/10/23/fidelity-practically-a-no-show-in-etf-arena/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/23/fidelity-practically-a-no-show-in-etf-arena/#comments</comments>
		<pubDate>Tue, 24 Oct 2006 01:30:53 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Retail Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/23/fidelity-practically-a-no-show-in-etf-arena/</guid>
		<description><![CDATA[By: David Hoffman, Investment News
Published: October 23, 2006
Smaller events on the PGA and ATP Tours always have a problem attracting the big names.  Take, for example, the Canadian stop on the ATP Tour.  It seems that every year the top players fall victim to some freak injury right before the Rogers Cup.  Thankfully, they always recover by the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/23/fidelity-practically-a-no-show-in-etf-arena/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is there an optimal mix between alpha and beta in hedge fund returns?</title>
		<link>http://allaboutalpha.com/blog/2006/10/18/is-there-an-optimal-mix-between-alpha-and-beta-in-hedge-fund-returns/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/18/is-there-an-optimal-mix-between-alpha-and-beta-in-hedge-fund-returns/#comments</comments>
		<pubDate>Wed, 18 Oct 2006 19:54:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Performance, Analytics & Metrics]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/18/is-there-an-optimal-mix-between-alpha-and-beta-in-hedge-fund-returns/</guid>
		<description><![CDATA[By: Diana Raluca Calin, Reading University
Published: April 2006
EurekaHedge highlights an interesting paper on alpha and beta in hedge funds.  Written by a Masters student at the ICMA Centre at Reading University, the paper (a Master&#8217;s thesis using the EurekaHedge database) contains some interesting findings about the amount of alpha in hedge funds.
The author conducts a [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/18/is-there-an-optimal-mix-between-alpha-and-beta-in-hedge-fund-returns/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Portable alpha &#8211; Rise of the machine</title>
		<link>http://allaboutalpha.com/blog/2006/10/17/portable-alpha-rise-of-the-machine/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/17/portable-alpha-rise-of-the-machine/#comments</comments>
		<pubDate>Tue, 17 Oct 2006 22:03:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/17/portable-alpha-rise-of-the-machine/</guid>
		<description><![CDATA[By: Gareth Gore, Risk Magazine
Published: October 2006
A hat tip goes out to the Kirk Report for identifying this article.  Apparently, the quant jocks at Risk Magazine have taken an interest in portable alpha not so much because of the flexibility of dividing alpha and beta, but because some newer versions of the venerable strategy involve highly [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/17/portable-alpha-rise-of-the-machine/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Lucent close to $100 million hedge fund [portable alpha] assignment</title>
		<link>http://allaboutalpha.com/blog/2006/10/15/lucent-close-to-100-million-hedge-fund-portable-alpha-assignment/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/15/lucent-close-to-100-million-hedge-fund-portable-alpha-assignment/#comments</comments>
		<pubDate>Sun, 15 Oct 2006 20:26:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/15/lucent-close-to-100-million-hedge-fund-portable-alpha-assignment/</guid>
		<description><![CDATA[By: Pensions &#038; Investments
Published: October 13, 2006
According to sources that &#8220;insisted on anonymity&#8221; for this story, the $34 billion Lucent pension program is close to adding $100 million to a portable alpha platform.  P&#038;I seems to have a bit of a scoop here - no one there (other than deep throat him/herself) is returning calls.  But that&#8217;s life [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/15/lucent-close-to-100-million-hedge-fund-portable-alpha-assignment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New &#8220;Portable Alpha&#8221; Fund</title>
		<link>http://allaboutalpha.com/blog/2006/10/12/new-portable-alpha-fund/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/12/new-portable-alpha-fund/#comments</comments>
		<pubDate>Fri, 13 Oct 2006 02:31:05 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/12/new-portable-alpha-fund/</guid>
		<description><![CDATA[Here&#8217;s an interesting example of a genetically modified hedge fund that aims to deliver pure alpha. Armajaro Asset Management, a UK-based firm with significant business in Africa, recently launched a synthetic market neutral equity fund that the firm calls the purest representation of the portable alpha concept.
As we have illustrated on this blog, a dynamically [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/12/new-portable-alpha-fund/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha: What it is and how it can be applied to Insurance Companies&#8217; Surplus Portfolios</title>
		<link>http://allaboutalpha.com/blog/2006/10/10/portable-alpha-what-it-is-and-how-it-can-be-applied-to-insurance-companies-surplus-portfolios/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/10/portable-alpha-what-it-is-and-how-it-can-be-applied-to-insurance-companies-surplus-portfolios/#comments</comments>
		<pubDate>Wed, 11 Oct 2006 01:02:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/10/portable-alpha-what-it-is-and-how-it-can-be-applied-to-insurance-companies-surplus-portfolios/</guid>
		<description><![CDATA[Presentation by: Pierre LaRoche, Desjardin Global Asset Management
Presented at: The 2006 Stochastic Modeling Symposium and Investment Seminar, Toronto, April 4 2006
In case you missed the latest &#8220;stochastic modelling symposium&#8221;, you can always check out this presentation from the event that covers the role of portable alpha in the insurance industry&#8230;Or you could just watch &#8221;America&#8217;s Next Top [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/10/portable-alpha-what-it-is-and-how-it-can-be-applied-to-insurance-companies-surplus-portfolios/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alpha Shop</title>
		<link>http://allaboutalpha.com/blog/2006/10/05/alpha-shop/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/05/alpha-shop/#comments</comments>
		<pubDate>Thu, 05 Oct 2006 11:34:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/05/alpha-shop/</guid>
		<description><![CDATA[By: Max Darnell, First Quadrant
Published: April 2004
First Quadrant was a pioneer in Alpha/Beta bifurcation and were even advocating portable alpha back in the late 90&#8217;s (when, to its chagrin, beta was producing double digit returns and no one cared about alpha).  So they&#8217;ve developed a very acute &#8220;sense of alpha&#8221; over the years.  This article, written [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/05/alpha-shop/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The extra kicker &#8211; adding portable alpha to liability-driven investments</title>
		<link>http://allaboutalpha.com/blog/2006/10/02/the-extra-kicker-adding-portable-alpha-to-liability-driven-investments/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/02/the-extra-kicker-adding-portable-alpha-to-liability-driven-investments/#comments</comments>
		<pubDate>Tue, 03 Oct 2006 01:06:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/02/the-extra-kicker-adding-portable-alpha-to-liability-driven-investments/</guid>
		<description><![CDATA[By: Andreas Jaggi &#038; Stefan Scholtz, RMF
Published: July 2006, Hedge Funds Review
This is a moderately technical article by RMF rocket scientists in the UK.  But for those so inclined, it provides a good mathematical example of porting alpha (factoring in the effect of inflation on a pension&#8217;s liabilities).
&#8220;A large number of UK pension plans face [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/02/the-extra-kicker-adding-portable-alpha-to-liability-driven-investments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Event: Portable Alpha Webcast</title>
		<link>http://allaboutalpha.com/blog/2006/10/01/event-portable-alpha-webcast/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/01/event-portable-alpha-webcast/#comments</comments>
		<pubDate>Mon, 02 Oct 2006 00:19:02 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/10/01/event-portable-alpha-webcast/</guid>
		<description><![CDATA[Organized by: ProFunds
Date: October 3rd, 2006, 4:15pm EDT
Location: Your Office
Portable Alpha Daily listened to this webcast on September 27 and suggests that it might be interesting for portable alpha enthusiasts such as Alpha Male and his readers.  It&#8217;s being held again on October 3rd.  While you technically need to be a financial advisor (&#8220;a financial professional&#8221;) [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/01/event-portable-alpha-webcast/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha Gathers Steam</title>
		<link>http://allaboutalpha.com/blog/2006/09/29/portable-alpha-gathers-steam/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/29/portable-alpha-gathers-steam/#comments</comments>
		<pubDate>Fri, 29 Sep 2006 03:06:35 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/29/portable-alpha-gathers-steam/</guid>
		<description><![CDATA[By: Phyllis Feinberg, MARHedge
Published: August 14, 2006
This article (reprinted below with permission from the publisher, MARHedge) covers a number of recent portable alpha transactions from Pennsylvania Employees&#8217; Retirement Fund and The World Bank to Iowa&#8217;s Public Employees&#8217; Pension and the Desert States United Food and Commercial Workers Local 99.
Critics often charge that portable alpha is really [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/29/portable-alpha-gathers-steam/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>San Diego Yanks Amaranth Allocation But Adds $40 Million to Portable Alpha Program</title>
		<link>http://allaboutalpha.com/blog/2006/09/29/san-diego-yanks-amaranth-allocation-but-adds-40-million-to-portable-alpha-program/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/29/san-diego-yanks-amaranth-allocation-but-adds-40-million-to-portable-alpha-program/#comments</comments>
		<pubDate>Fri, 29 Sep 2006 03:01:27 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/29/san-diego-yanks-amaranth-allocation-but-adds-40-million-to-portable-alpha-program/</guid>
		<description><![CDATA[By: Pensions &#038; Investments Online
Published: September 28, 2006
The San Diego County Employees&#8217; Retirement Association has submitted a redemption request to you-know-who.  But at the same time, they continue to allocate to their highly regarded &#8220;alpha engine&#8221;.  A vote of confidence for portable alpha that illustrates it&#8217;s not just about investing in hedge funds as an asset [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/29/san-diego-yanks-amaranth-allocation-but-adds-40-million-to-portable-alpha-program/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Overlay Speak</title>
		<link>http://allaboutalpha.com/blog/2006/09/27/overlay-speak/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/27/overlay-speak/#comments</comments>
		<pubDate>Thu, 28 Sep 2006 00:16:04 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/27/overlay-speak/</guid>
		<description><![CDATA[By: Lex Huberts, Standish Mellon Asset Management
Published: Fall 2004, Journal of Investing
This paper does an excellent job of covering the many flavours of alpha-centric investing.  It also provides a number of hypothetical mathematical examples of portable alpha. Including the following:
&#8220;Suppose a plan has a very talented Japanese stock selector who is considered very likely to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/27/overlay-speak/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pyramis (Fidelity) breaks with its traditions &#8211; turns to portable alpha for the first time</title>
		<link>http://allaboutalpha.com/blog/2006/09/25/pyramis-fidelity-breaks-with-its-traditions-turns-to-portable-alpha-for-the-first-time/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/25/pyramis-fidelity-breaks-with-its-traditions-turns-to-portable-alpha-for-the-first-time/#comments</comments>
		<pubDate>Tue, 26 Sep 2006 01:42:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/25/pyramis-fidelity-breaks-with-its-traditions-turns-to-portable-alpha-for-the-first-time/</guid>
		<description><![CDATA[By: Mathew Smith, eFinancialNews.com
Published: September 25, 2006
Pyramis (a.k.a. Fidelity&#8217;s institutional business) has seen the light.  As eFinancialNews.com reports, the oddly-named goliath has taken a first tentative step into alternatives (note to branding firm: choose corporate monikers that don&#8217;t look like &#8220;pyjamas&#8221; when you read them quickly). 
Is it only a matter of time before Fidelity Magellan becomes [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/25/pyramis-fidelity-breaks-with-its-traditions-turns-to-portable-alpha-for-the-first-time/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Citigroup Faces Challenges Pioneering a New &#8220;Hybrid&#8221; Business Model</title>
		<link>http://allaboutalpha.com/blog/2006/09/24/citigroup-faces-challenges-pioneering-a-new-hybrid-business-model/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/24/citigroup-faces-challenges-pioneering-a-new-hybrid-business-model/#comments</comments>
		<pubDate>Mon, 25 Sep 2006 01:57:53 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/09/24/citigroup-faces-challenges-pioneering-a-new-hybrid-business-model/</guid>
		<description><![CDATA[Friday&#8217;s WSJ (Sep. 22) contains a story that illustrates an important lesson about the combination of hedge funds and traditional long-only assets. The story is about the resignation of Tanya Beder, the head of Citigroup&#8217;s hedge fund initiative, Tribeca Global Management.  But it contains a deeper message about the rapidly shifting landscape of the asset management business&#8230; 
&#8220;In the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/24/citigroup-faces-challenges-pioneering-a-new-hybrid-business-model/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
	</channel>
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