With their perfectly-timed trains and neatly-arranged homes, the Swiss are big fans of symmetry. This makes UBS’s resident hedge fund guru Alexander Ineichen all the more of an anomaly. His book Asymmetric Returns has been garnering a lot of attention not because it espouses order and regularity, but because it so vocally challenges the status quo, refutes conventional wisdom and, well, […]
Those of you in the hedge fund industry will recognize the name Alexander Ineichen. Ineichen has written several of the studies that form the foundation of today’s alpha-centric investing paradigm. Last month his new book, Asymmetric Returns hit book stores. We mentioned it on this blog and promptly reserved the first available copy to be […]
By: Christina Grotheer, CFA Magazine Published: September/October, 2006 “I think the last five years have resulted in an industry-wide bifurcation of alpha and beta.” – Alexander Ineichen, Senior Investmet Officer, UBS Global Asset Management Few would dispute that Alexander Ineichen is a titan of the hedge fund industry and a prophet of alpha-centric investing. He was the author of […]
Rene Levesque looks at risk management and absolute return from an industry practitioner's point of view.
Ineichen, the author of AIMA's updated roadmap to hedge funds, addresses some of the hot-button issues of investor/management interaction, including fees, leverage, and style drift. Although investors are naturally inclined to see style drift as a bad thing, they should be cautious about demanding that managers stay within a tightly-defined core area of expertise.