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	<title>All About Alpha</title>
	<link>http://allaboutalpha.com/blog</link>
	<description>A portal/blog dedicated to "Portable Alpha" and other alpha-centric investing strategies</description>
	<lastBuildDate>Fri, 04 Jul 2008 03:21:44 +0000</lastBuildDate>
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	<language>en</language>
	
	<item>
		<title>Newsreel: Hedge fund headhunting, M&#038;A, and scapegoats</title>
		<pubDate>Fri, 04 Jul 2008 02:00:14 +0000</pubDate>
		<description><![CDATA[Hedge Funds Hire From Wall Street as Jobs Disappear, Pay Falls: Bloomberg reports that hedge fund recruiters may be the biggest beneficiaries of the carnage on Wall Street.
Asia to Create Thousands of Hedge Fund Jobs, Pinnacle Says: And it appears that some of those hedge fund recruiters are likely to be located in Asia. 
First Half 2008 Sets [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/07/03/newsreel-hedge-fund-headhunting-ma-and-scapegoats/</link>
			</item>
	<item>
		<title>Researchers: If index funds are a commodity, why are their fees so divergent?</title>
		<pubDate>Thu, 03 Jul 2008 02:00:19 +0000</pubDate>
		<description><![CDATA[If index funds are a commodity, then why are institutional investors paying such divergent prices for them?  A research new study examines why.]]></description>
		<link>http://allaboutalpha.com/blog/2008/07/02/researchers-if-index-funds-are-a-commodity-why-are-their-fees-so-divergent/</link>
			</item>
	<item>
		<title>Cap Intro: The new emphasis for prime brokers.  But how much do funds care?</title>
		<pubDate>Wed, 02 Jul 2008 02:00:35 +0000</pubDate>
		<description><![CDATA["Cap intro" may help brokers land hedge fund clients.  But according to new research it may not be as useful for client retention.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/07/01/cap-intro-the-new-emphasis-for-prime-brokers-but-how-much-do-funds-care/</link>
			</item>
	<item>
		<title>Sweden&#8217;s AP7 pension fund reports on progress of alpha/beta retooling</title>
		<pubDate>Tue, 01 Jul 2008 02:00:56 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2008/06/30/swedens-ap7-pension-fund-reports-on-progress-of-alphabeta-retooling/</link>
			</item>
	<item>
		<title>Alternative Viewpoints: Commodities not about &#8220;buy and hold&#8221;</title>
		<pubDate>Mon, 30 Jun 2008 02:00:02 +0000</pubDate>
		<description><![CDATA[There is little doubt that commodities are hot.  But as Keith Black, CAIA, argues: investors must move well beyond simple "buy and hold" strategies.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/29/alternative-viewpoints-commodities-not-about-buy-and-hold/</link>
			</item>
	<item>
		<title>Hedge fund seeding: &#8220;hot&#8221; or &#8220;not&#8221;?</title>
		<pubDate>Fri, 27 Jun 2008 02:00:08 +0000</pubDate>
		<description><![CDATA[The popularity of hedge fund "seeding" seems to wax and wane with asset flows into the industry.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/26/hedge-fund-seeding-hot-or-not/</link>
			</item>
	<item>
		<title>Is the mutual fund industry competitive enough?</title>
		<pubDate>Thu, 26 Jun 2008 02:55:32 +0000</pubDate>
		<description><![CDATA[Ever wondered why money management fees seem to be pretty stable even though the size of the average fund has grown over the years?  So have researchers...]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/25/is-the-mutual-fund-industry-competitive-enough/</link>
			</item>
	<item>
		<title>Alpha Magazine&#8217;s New Hall of Fame</title>
		<pubDate>Wed, 25 Jun 2008 02:00:53 +0000</pubDate>
		<description><![CDATA[If you liked the AllAboutAlpha.com Hall of Fame, you'll love this one...]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/24/alpha-magazines-new-hall-of-fame/</link>
			</item>
	<item>
		<title>130/30 bull run still has some legs: S&#038;P</title>
		<pubDate>Wed, 25 Jun 2008 01:59:55 +0000</pubDate>
		<description><![CDATA[Hedge Funds Review reports that S&#038;P is telling clients that 130/30 is &#8220;strategy to watch in 2009&#8221; (no word on what to watch now or for the next six months - but it&#8217;s an ugly year anyway). 
Taking a page from Andrew Lo, co-author of the recent academic paper &#8220;130/30: The New Long-only&#8220;, S&#038;P&#8217;s Srikant Dash told a [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/24/13030-bull-run-still-has-some-legs-sp/</link>
			</item>
	<item>
		<title>Virtual private equity a step closer to reality</title>
		<pubDate>Tue, 24 Jun 2008 02:00:44 +0000</pubDate>
		<description><![CDATA[Apparently not content to just clone hedge funds, State Street has now turned its sites to cloning private equity funds.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/23/virtual-private-equity-a-step-closer-to-reality/</link>
			</item>
	<item>
		<title>Goldman&#8217;s new &#8220;A.R.T.&#8221; HF-Replication-Mutual-Fund</title>
		<pubDate>Mon, 23 Jun 2008 02:00:48 +0000</pubDate>
		<description><![CDATA[After launching a "hedge fund replication" index last year, Goldman has now built a mutual fund around it.  So whither "long-only replication"? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/22/goldmans-new-art-hf-replication-mutual-fund/</link>
			</item>
	<item>
		<title>A closer look at the CSX/TCI and Bear Stearns cases</title>
		<pubDate>Sat, 21 Jun 2008 21:07:31 +0000</pubDate>
		<description><![CDATA[Two cases recently raised important questions for hedge funds.  But to best understand them, you have to go right to the horse's mouth. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/21/a-closer-look-at-the-csxtci-and-bear-stearns-cases/</link>
			</item>
	<item>
		<title>Hedge funds starting to get &#8220;voted off the island&#8221;</title>
		<pubDate>Fri, 20 Jun 2008 02:00:32 +0000</pubDate>
		<description><![CDATA[In what amounts to a real-life episode of "Survivor", investors are apparently starting to vote smaller hedge funds "off the island".]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/19/hedge-funds-starting-to-get-voted-off-the-island/</link>
			</item>
	<item>
		<title>When it comes to hedge fund compensation, &#8220;social usefulness&#8221; is a red-herring</title>
		<pubDate>Thu, 19 Jun 2008 02:01:08 +0000</pubDate>
		<description><![CDATA[Forget the "social usefulness" of hedge funds, hedge entrepreneurs and traditional entrepreneurs have a lot more in common than that.    ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/18/when-it-comes-to-hedge-fund-compensation-social-usefulness-is-a-red-herring/</link>
			</item>
	<item>
		<title>Non-market-cap indices dissed in Europe this week</title>
		<pubDate>Thu, 19 Jun 2008 02:00:46 +0000</pubDate>
		<description><![CDATA[Indices based on things other than price or market cap "can't get no respect" as the late Rodney Dangerfield might have said.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/18/non-market-cap-indices-dissed-in-europe-this-week/</link>
			</item>
	<item>
		<title>Lending stock to yourself: nifty idea, but effectively just active long-only management?</title>
		<pubDate>Wed, 18 Jun 2008 02:00:57 +0000</pubDate>
		<description><![CDATA[When a long/short fund is difficult to create due to short-selling constraints, you can always turn long-only active management into a hedge fund.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/17/lending-stock-to-yourself-nifty-idea-but-effectively-just-active-long-only-management/</link>
			</item>
	<item>
		<title>French fries active management</title>
		<pubDate>Tue, 17 Jun 2008 02:00:52 +0000</pubDate>
		<description><![CDATA[Kenneth French, one half of the "Fama &#038; French" duo calls active management "futile" and wonders why institutions haven't thrown in the towel. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/16/french-fries-active-management/</link>
			</item>
	<item>
		<title>Busy week on the alpha-centric news beat</title>
		<pubDate>Mon, 16 Jun 2008 00:49:52 +0000</pubDate>
		<description><![CDATA[Last week was uncommonly busy in the world of asset management news.  Here's some interesting stuff you might have missed...]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/15/busy-week-on-the-alpha-centric-news-beat/</link>
			</item>
	<item>
		<title>Buffett&#8217;s horse race</title>
		<pubDate>Fri, 13 Jun 2008 02:00:11 +0000</pubDate>
		<description><![CDATA[Buffett's bet that a prominent hedge fund can't beat the S&#038;P raises a bunch of issues.  Here are some comments and an analysis of his odds.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/12/buffetts-horse-race/</link>
			</item>
	<item>
		<title>Investors pull $6b from hedge funds.  So what’s the alternative &#8220;alternative&#8221;?</title>
		<pubDate>Thu, 12 Jun 2008 02:39:19 +0000</pubDate>
		<description><![CDATA[The results of a recent survey, exclusively reported here, show enthusiasm for a new direction in alternative investing.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/11/investors-pull-6b-from-hedge-funds-so-what%e2%80%99s-the-alternative-alternative/</link>
			</item>
	<item>
		<title>Phil Goldstein Update</title>
		<pubDate>Thu, 12 Jun 2008 02:17:07 +0000</pubDate>
		<description><![CDATA[Fortune released a great piece on hedge fund &#8220;iconoclast&#8221; Phil Goldstein this morning.  Like a big box store, the Goldstein saga has something for everyone.  Just when you thought he was done causing headaches for regulators and government officials, he emerges to launch new attacks on the institutions and regulations that he sees as both archaic [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/11/phil-goldstein-update/</link>
			</item>
	<item>
		<title>ECB touches on some hedge fund myths in new report</title>
		<pubDate>Wed, 11 Jun 2008 02:00:46 +0000</pubDate>
		<description><![CDATA[As usual, the European Central Bank's "Financial Stability Review" contains some interesting observations about trends in the HF industry.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/10/ecb-touches-on-some-hedge-fund-myths-in-new-report/</link>
			</item>
	<item>
		<title>PwC Survey finds hedgies report more frequently than most other alternative asset managers</title>
		<pubDate>Tue, 10 Jun 2008 01:24:03 +0000</pubDate>
		<description><![CDATA[A survey of investors and managers debunks some popular myths about hedge funds' willingness to communicate with investors. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/09/pwc-survey-finds-hedgies-report-more-frequently-than-most-other-alternative-asset-managers/</link>
			</item>
	<item>
		<title>130/30 rationale, value, and &#8220;myths&#8221; covered in newly released slideware</title>
		<pubDate>Sun, 08 Jun 2008 23:43:20 +0000</pubDate>
		<description><![CDATA[Pensions &#038; Investments hosted a tri-city 130/30 road show last month.  The slides, released last week, contain some useful information.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/08/13030-rationale-value-and-myths-covered-in-newly-released-slideware/</link>
			</item>
	<item>
		<title>60&#8243; plasma newsreel</title>
		<pubDate>Sat, 07 Jun 2008 18:28:08 +0000</pubDate>
		<description><![CDATA[New York Life 130/30 Webcast (video): New York Life Investment Management 130/30 video is now online.  Enjoy on your 60&#8243; plasma screen with some popcorn.   
Institutional Investment Managers Predicted to Increase Hedge Fund Allocations by 25 to 50 Percent Over the Next Two Years: Wharton prof. says &#8220;You&#8217;d expect a certain proportion of failures &#8212; including some spectacular [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/07/60-plasma-newsreel/</link>
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	<item>
		<title>Is an &#8220;integrated&#8221; 130/30 portfolio always better than a &#8220;combined&#8221; one?</title>
		<pubDate>Fri, 06 Jun 2008 02:00:53 +0000</pubDate>
		<description><![CDATA[Is 130/30 the same as "100" (an ETF) plus "30/30" (a market neutral fund)?  On the surface it seems so, but research for and against this proposition is adding confusion.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/05/is-an-integrated-13030-portfolio-always-better-than-a-combined-one/</link>
			</item>
	<item>
		<title>Leading academics on Freud, finance and &#8220;quacks&#8221;</title>
		<pubDate>Thu, 05 Jun 2008 03:54:18 +0000</pubDate>
		<description><![CDATA[Peyton Young smoothed the ruffled feathers of hedge fund managers today while emotional finance pioneer Richard Taffler showed how we are all "paranoid-schizoid". 








]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/04/leading-academics-on-freud-finance-and-quacks/</link>
			</item>
	<item>
		<title>Silos, flesh wounds, the &#8220;disintermediation&#8221; of poultry, and a call to action</title>
		<pubDate>Wed, 04 Jun 2008 05:21:00 +0000</pubDate>
		<description><![CDATA[Experts ranging from LBS's Narayan Naik to Stanford's Myron Scholes weighed-in on everything from organizational silos to economic first aid in London today.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/04/silos-flesh-wounds-the-disintermediation-of-poultry-and-a-call-to-action/</link>
			</item>
	<item>
		<title>Day one from the un-named event in London</title>
		<pubDate>Mon, 02 Jun 2008 23:34:24 +0000</pubDate>
		<description><![CDATA[A meeting this week in London features the movers and shakers from the intersection of hedge funds and institutional investing. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/02/day-one-from-the-un-named-event-in-london/</link>
			</item>
	<item>
		<title>Thomas Friedman on alpha/beta separation</title>
		<pubDate>Mon, 02 Jun 2008 05:15:45 +0000</pubDate>
		<description><![CDATA[It turns out the forces shaping the asset management industry aren't that different from those facing the global economy.]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/02/thomas-friedman-on-alphabeta-separation/</link>
			</item>
	<item>
		<title>Weekly Newsreel: Free WiFi Edition</title>
		<pubDate>Sun, 01 Jun 2008 15:15:09 +0000</pubDate>
		<description><![CDATA[It always confused me how airline business lounges could charge extra for WiFi access.  After charging an arm and a leg for lie-flat seats and 290 hours of TV reruns, airlines still make you crack open the AllAboutAlpha.com corporate credit card just to access the web.  Well, the friendly folks at our local Star Alliance lounge have finally come [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/06/01/weekly-newsreel-free-wifi-edition/</link>
			</item>
	<item>
		<title>One more 130/30 survey to add to the pile&#8230;</title>
		<pubDate>Sat, 31 May 2008 16:51:08 +0000</pubDate>
		<description><![CDATA[In a follow-up from a posting last week, Terrapinn&#8217;s Quant Invest 2008 folks in London just completed a survey of the institutional investment intentions of 120 pensions, endowments, insurance companies and family offices.  Right in the middle at 63% is, you guessed it, 130/30&#8230;


]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/31/one-more-13030-survey-to-add-to-the-pile/</link>
			</item>
	<item>
		<title>Academic rains on weather/return correlation parade</title>
		<pubDate>Fri, 30 May 2008 01:45:06 +0000</pubDate>
		<description><![CDATA[We've all heard the old adage "Sell in May and go away".  One academic determines if the weather is the source of this apparent market anomaly.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/29/academic-rains-on-weatherreturn-correlation-parade/</link>
			</item>
	<item>
		<title>New surveys on August quant meltdown: Investors have learned a lesson.  But have managers?</title>
		<pubDate>Thu, 29 May 2008 01:50:23 +0000</pubDate>
		<description><![CDATA[A survey finds managers believe the quant sector will continue to be dominated by a few large players - even though such concentration led to mayhem last year.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/28/new-surveys-on-august-quant-meltdown-investors-have-learned-a-lesson-but-have-managers/</link>
			</item>
	<item>
		<title>Respected columnist warns on hedge funds, prompting response from AIMA chapter</title>
		<pubDate>Wed, 28 May 2008 02:46:55 +0000</pubDate>
		<description><![CDATA[A popular columnist says hedge funds might be the "next shoe to drop" as a result of the credit crunch - prompting one chapter of AIMA to speak out. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/27/respected-columnist-warns-on-hedge-funds-prompting-response-from-aima-chapter/</link>
			</item>
	<item>
		<title>Economist article&#8217;s &#8220;catchy&#8221; title may overstate complexity a little</title>
		<pubDate>Tue, 27 May 2008 02:00:26 +0000</pubDate>
		<description><![CDATA[This week's Economist tells of a Catch-22 in hedge fund industry growth.  True, growth has been met with muted returns.  But is it a "Catch 22"?]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/26/economist-articles-catchy-title-may-overstate-complexity-a-little/</link>
			</item>
	<item>
		<title>&#8220;Non-top-100&#8243; hedge funds continue to flat-line</title>
		<pubDate>Mon, 26 May 2008 01:56:19 +0000</pubDate>
		<description><![CDATA[While the overall hedge fund industry continues to grow, a closer look at recent data confirms a worrisome trend.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/25/non-top-100-hedge-funds-continue-to-flat-line/</link>
			</item>
	<item>
		<title>Weekly Newsreel: Madrid, Stockholm, Maple Syrup and 130/30</title>
		<pubDate>Mon, 26 May 2008 01:48:34 +0000</pubDate>
		<description><![CDATA[Inalytics launches new service to analyse 130/30 funds: Thomson reports that &#8220;The firm specialises in quantitative forensic analysis to identify 130/30 managers that can add value from skill by verifying that their short positions actually generate returns.&#8221;  
Nervous alternatives managers could be leaving alpha on the table: P&#038;I reports from &#8221;AlphaMax&#8221; in Madrid that &#8220;Fees became a [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/25/weekly-newsreel-madrid-stockholm-maple-syrup-and-13030/</link>
			</item>
	<item>
		<title>Massachusetts slams barn door, watches horse run down the lane to New York</title>
		<pubDate>Fri, 23 May 2008 01:00:19 +0000</pubDate>
		<description><![CDATA[The Massachusetts Secretary of State has targeted another hedge fund to make its ongoing case for stricter registration rules.  Will it work this time around? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/22/massachusetts-slams-barn-door-watches-horse-run-down-the-lane/</link>
			</item>
	<item>
		<title>A &#8220;small-cap bias&#8221; in hedge funds themselves?</title>
		<pubDate>Thu, 22 May 2008 02:34:04 +0000</pubDate>
		<description><![CDATA[An analysis of the performance of small, medium and large hedge funds reveals a small-fund advantage that disciples of Fama and French will appreciate.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/21/a-small-cap-bias-in-hedge-funds-themselves/</link>
			</item>
	<item>
		<title>New 130/30 and &#8220;hedge fund replication&#8221; mandates bridge gap between alts and skeptical pensions</title>
		<pubDate>Wed, 21 May 2008 02:00:55 +0000</pubDate>
		<description><![CDATA[In another big win for emerging alpha-centric strategies, part of Sweden's national pension has bought into "hedge fund replication".  What's really behind the decision?  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/20/new-13030-and-hedge-fund-replication-mandates-bridge-gap-between-alts-and-skeptical-pensions/</link>
			</item>
	<item>
		<title>How much would you pay for a free (McAlpha Meal) lunch?</title>
		<pubDate>Wed, 21 May 2008 01:59:29 +0000</pubDate>
		<description><![CDATA[Imagine that financial markets were a McDonald&#8217;s restaurant.  Now imagine that the Golden Arches was running a promotion on its $5 &#8220;McAlpha&#8221; sandwich meal deal.  The sandwich, along with fries and a Coke was free while supplies last. 
But there&#8217;s a catch.  As stocks of this tasty free lunch dwindle, you will be able to bid up [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/20/how-much-would-you-pay-for-a-free-mcalpha-meal-lunch/</link>
			</item>
	<item>
		<title>A review of recent 130/30 surveys</title>
		<pubDate>Tue, 20 May 2008 01:22:30 +0000</pubDate>
		<description><![CDATA[So is 130/30 the "New Coke" of asset management?  Another recent survey - one of several over the past year that we recap at AAA today - suggests "no". ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/19/a-review-of-recent-13030-surveys/</link>
			</item>
	<item>
		<title>130/30 a &#8220;silly gimmick&#8221; or a ($3b) &#8220;important new mandate&#8221;?</title>
		<pubDate>Tue, 20 May 2008 01:17:41 +0000</pubDate>
		<description><![CDATA[Doug Kass of Seabreeze Investment Management, a veteran short manager and market commentator sure isn&#8217;t sold on 130/30.   The manager of $200 million of short positions tells Barron&#8217;s this week:
&#8220;These funds are a silly gimmick and their half-life will be short. Nearly every long/short manager thinks he is equally facile on the short side as the long. [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/19/13030-a-silly-gimmick-or-a-3b-important-new-mandate/</link>
			</item>
	<item>
		<title>Weekly Newsreel: &#8220;Disruptive innovation&#8221; in finance</title>
		<pubDate>Mon, 19 May 2008 02:54:37 +0000</pubDate>
		<description><![CDATA[Like countless new technologies before it, portable alpha has disrupted the otherwise steady evolution of things.  But don't take it from us...]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/18/weekly-newsreel-disruptive-innovation-in-finance/</link>
			</item>
	<item>
		<title>Report: &#8220;Exposure yardsticks may provide little insight about a fund’s alpha potential&#8221;</title>
		<pubDate>Fri, 16 May 2008 02:00:03 +0000</pubDate>
		<description><![CDATA[Simply adding a "short-extension" to a fund doesn't necessarily pave the way for alpha generation says a Morgan Stanley report available here at AAA. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/15/report-exposure-yardsticks-may-provide-little-insight-about-a-fund%e2%80%99s-alpha-potential/</link>
			</item>
	<item>
		<title>Does &#8220;Sentiment Beta&#8221; beget &#8220;Sentimental Alpha&#8221;?</title>
		<pubDate>Thu, 15 May 2008 03:26:22 +0000</pubDate>
		<description><![CDATA[Academics say their "sentiment indexes do, to a large extent, capture a prevailing greed versus fear."]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/14/does-sentiment-beta-beget-sentimental-alpha/</link>
			</item>
	<item>
		<title>Research says funds of funds not just &#8220;multi-manager funds with extra fees&#8221;</title>
		<pubDate>Wed, 14 May 2008 00:44:21 +0000</pubDate>
		<description><![CDATA[Is a fund of funds fee analogous to an extra charge applied by an auto-dealer for services of debatable value?  A new paper says "no way".]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/13/research-says-funds-of-funds-not-just-multi-manager-funds-with-extra-fees/</link>
			</item>
	<item>
		<title>Requiem for another attempt at hedge fund regulation</title>
		<pubDate>Tue, 13 May 2008 02:27:55 +0000</pubDate>
		<description><![CDATA[California hedge fund regulations, we hardly knew ya!]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/12/requiem-for-another-attempt-at-hedge-fund-regulation/</link>
			</item>
	<item>
		<title>One of portable alpha&#8217;s originators says concept has evolved, in some cases, into something &#8220;vastly different&#8221;</title>
		<pubDate>Mon, 12 May 2008 02:00:00 +0000</pubDate>
		<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>
		<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>
			</item>
	<item>
		<title>Newsreel from the Danube</title>
		<pubDate>Sat, 10 May 2008 17:31:52 +0000</pubDate>
		<description><![CDATA[In recognition of our legions of loyal readers in Budapest, Hungary, we are broadcasting live from the &#8220;Pearl of the Danube&#8221; today.  (Actually, no - we don&#8217;t quite have &#8220;legions&#8221; of Hungarian readers.  But yes, today&#8217;s newsreel was produced on the banks of the Danube where Alpha Male was sharing his two cents on alpha-centric investing [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/10/newsreel-from-the-danube/</link>
			</item>
	<item>
		<title>Alpha-centric investing described as a &#8220;seismic shift&#8221;</title>
		<pubDate>Fri, 09 May 2008 06:11:04 +0000</pubDate>
		<description><![CDATA[CEOs of some of the world's largest asset managers are now predicting what is known in California as the "Big One". ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/09/alpha-centric-investing-described-as-a-seismic-shift/</link>
			</item>
	<item>
		<title>HF and PE managers square off on implications of credit squeeze</title>
		<pubDate>Fri, 09 May 2008 06:00:16 +0000</pubDate>
		<description><![CDATA[(Madrid, April 25) - The former head of the pension for a large US state has suggested the value provided by funds of funds has increased as a result of market turbulence.  Al Samper, former Head of Virginia Retirement System told a gathering of the Chartered Alternative Investment Analysts Association in Madrid recently that protection against the idiosyncratic risks [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/09/hf-and-pe-managers-square-off-on-implications-of-credit-squeeze/</link>
			</item>
	<item>
		<title>&#8220;Portable Alpha Theory &#038; Practice&#8221;: Exclusive chapter downloads at AllAboutAlpha.com</title>
		<pubDate>Thu, 08 May 2008 05:12:13 +0000</pubDate>
		<description><![CDATA[A new book brings together the various dimensions of alpha-centric investing into one place.  Here's a taste of what's inside. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/08/portable-alpha-theory-practice-exclusive-chapter-downloads-at-allaboutalphacom/</link>
			</item>
	<item>
		<title>Research puts price on hedge fund &#8220;illiquidity premium&#8221;</title>
		<pubDate>Wed, 07 May 2008 02:00:59 +0000</pubDate>
		<description><![CDATA[Lock-ups, redemption gates, notice periods...liquidity has become a major issue in the hedge fund industry - and a new study now tries to put a price on it.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/06/research-puts-price-on-hedge-fund-illiquidity-premium/</link>
			</item>
	<item>
		<title>Study is first to examine the secondary market for stakes in hedge funds</title>
		<pubDate>Tue, 06 May 2008 01:37:12 +0000</pubDate>
		<description><![CDATA[Buying a hedge fund has always been a yes/no decision.  But there is a small secondary market for hedge fund units, and it can provide some interesting insights.]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/05/study-is-first-to-examine-the-secondary-market-for-stakes-in-hedge-funds/</link>
			</item>
	<item>
		<title>Report says hedge funds, portable alpha and 130/30 all leading to (financial) climate change</title>
		<pubDate>Tue, 06 May 2008 01:29:36 +0000</pubDate>
		<description><![CDATA[Last year, we published a couple of articles on the somewhat Malthusian possibility of a global shortage of stocks available for borrowing. (&#8221;A Shortage of Shorts?&#8221;, &#8220;The Arms Merchants of 130/30&#8220;, &#8220;Is There a Capacity Constraint Facing 130/30 Strategies?&#8221;).   
Although the 130/30 market has grown since then, it remains in the very low hundreds of billions [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/05/report-says-hedge-funds-portable-alpha-and-13030-all-leading-to-financial-climate-change/</link>
			</item>
	<item>
		<title>Survey of hedge fund professionals: 130/30 &#8220;minor discussion within larger context&#8221;</title>
		<pubDate>Mon, 05 May 2008 00:49:55 +0000</pubDate>
		<description><![CDATA[Several surveys have probed investors and managers about 130/30.  But a new poll of nearly 500 alternative investment professionals contains some new insights. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/04/survey-of-hedge-fund-professionals-13030-minor-discussion-within-larger-context/</link>
			</item>
	<item>
		<title>Does shift away from funds of funds mean diversification is dead?</title>
		<pubDate>Sun, 04 May 2008 15:01:30 +0000</pubDate>
		<description><![CDATA[More institutional investors are investing in hedge funds directly now.  Does that mean diversification is dead?]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/04/does-shift-away-from-funds-of-funds-mean-diversification-is-dead/</link>
			</item>
	<item>
		<title>1X0/X0 and the hunt for African alpha</title>
		<pubDate>Fri, 02 May 2008 02:00:21 +0000</pubDate>
		<description><![CDATA[South Africa seems to be getting a lot of play recently - in part due to its position as the world's Fort Knox.  But is there alpha in Africa?  One reader says "yes!"]]></description>
		<link>http://allaboutalpha.com/blog/2008/05/01/1x0x0-and-the-hunt-for-african-alpha/</link>
			</item>
	<item>
		<title>Small US hedge funds fail to reach orbit, fall back to Earth.</title>
		<pubDate>Thu, 01 May 2008 01:55:33 +0000</pubDate>
		<description><![CDATA[A recent report revealed that small hedge funds shut down more often than larger funds.  Not a huge surprise, really, given the gravity of the situation. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/30/small-us-hedge-funds-fail-to-reach-orbit-falling-back-to-earth/</link>
			</item>
	<item>
		<title>More media malarkey</title>
		<pubDate>Thu, 01 May 2008 01:53:01 +0000</pubDate>
		<description><![CDATA[Canada&#8217;s National Post reports that the FBI is now warning of hedge fund fraud (&#8221;FBI Warns of Hedge Fund Fraud&#8220;).  But in actuality, FBI Director Robert Meuller gave a 2,000 word speech last week in which &#8220;hedge fund&#8221; appeared only once - after a lengthy discussion corporate fraud, public corruption, insider trading, mortgage fraud and [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/30/more-media-malarkey/</link>
			</item>
	<item>
		<title>After launching 130/30 index, S&#038;P says best yardstick is actually a long-only index</title>
		<pubDate>Wed, 30 Apr 2008 02:03:11 +0000</pubDate>
		<description><![CDATA[A new paper by S&#038;P says the best benchmark for 130/30 managers is a long-only index.  We agree, and wonder what the S&#038;P 130/30 index people think?]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/29/after-launching-13030-index-sp-says-best-yardstick-is-a-long-only-index/</link>
			</item>
	<item>
		<title>Like US President, European Parliament also getting biased advice on hedge funds</title>
		<pubDate>Tue, 29 Apr 2008 02:00:44 +0000</pubDate>
		<description><![CDATA[Think the President's Working Group of asset managers is biased?  Check out what European parliamentarians are reading.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/28/like-us-president-european-parliament-also-getting-bias-advice/</link>
			</item>
	<item>
		<title>130/30 Manager: Don&#8217;t call us quants</title>
		<pubDate>Tue, 29 Apr 2008 01:59:23 +0000</pubDate>
		<description><![CDATA[In a quick addendum to yesterday&#8217;s posting on the growth of fundamental 130/30 strategies, here is an example of one company that aims to distance itself from the pure 130/30 quants by adding an &#8220;intuitive&#8221; element to quantitative decision making.
BNY Mellon Asset Management launched a 130/30 fund for European investors a couple of weeks ago that it says attempts [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/28/13030-manager-dont-call-us-quants/</link>
			</item>
	<item>
		<title>The new face of 130/30?</title>
		<pubDate>Mon, 28 Apr 2008 01:27:51 +0000</pubDate>
		<description><![CDATA[As fundamental 130/30 strategies continue to grow, it is becoming more and more apparent that 130/30 is just an approach, not a distinct strategy.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/27/the-new-face-of-13030/</link>
			</item>
	<item>
		<title>Is &#8220;Active/Passive&#8221; another term for &#8220;Alpha/Beta&#8221;?  Not quite.</title>
		<pubDate>Thu, 24 Apr 2008 23:34:51 +0000</pubDate>
		<description><![CDATA[A new mutual fund offering borrows from portable alpha concepts.  Will retail investors finally bite?]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/24/is-activepassive-another-term-for-alphabeta-not-quite/</link>
			</item>
	<item>
		<title>Author of New Book: For more return without more downside risk &#8220;there are only two options&#8221;</title>
		<pubDate>Thu, 24 Apr 2008 02:43:27 +0000</pubDate>
		<description><![CDATA[A new book finally tries to bring it all together.]]></description>
		<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>
			</item>
	<item>
		<title>Pennsylvania is also &#8220;Portable Alpha Country&#8221;</title>
		<pubDate>Thu, 24 Apr 2008 02:43:07 +0000</pubDate>
		<description><![CDATA[The Pennsylvania state employees are a little better off this year thanks to some bold investment moves.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/23/pennsylvania-is-also-portable-alpha-country/</link>
			</item>
	<item>
		<title>Mercer: Portfolio management will change more in next 5 years than in previous 30</title>
		<pubDate>Wed, 23 Apr 2008 02:00:02 +0000</pubDate>
		<description><![CDATA[Mercer is telling clients that the world of portfolio management is about to change forever.  We couldn't agree more.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/22/mercer-portfolio-management-will-change-more-in-next-5-years-than-in-previous-30/</link>
			</item>
	<item>
		<title>Pensions warned on hedge funds (as they lose billions on long-only funds)</title>
		<pubDate>Wed, 23 Apr 2008 01:31:46 +0000</pubDate>
		<description><![CDATA[Are long-only funds destined for history's scrap-heap?  Probably not.  But recent performance raises certain questions...]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/22/pensions-warned-on-hedge-funds-as-they-lose-billions-on-long-only-funds/</link>
			</item>
	<item>
		<title>Media turns hostile: 130/30 now &#8220;dubious&#8221; &#8220;overblown&#8221; &#8220;faddish&#8221; &#8220;hype&#8221;</title>
		<pubDate>Tue, 22 Apr 2008 02:54:09 +0000</pubDate>
		<description><![CDATA[A widely-syndicated column about the 130/30 "fad" misses the mark and sets the stage for years of public confusion regarding short-extension strategies.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/21/media-turns-hostile-13030-now-dubious-overblown-faddish-hype/</link>
			</item>
	<item>
		<title>Weekly Newsreel - All the hedge fund regulation that&#8217;s fit to print</title>
		<pubDate>Mon, 21 Apr 2008 01:14:12 +0000</pubDate>
		<description><![CDATA[There has been a flurry of news on the hedge fund regulation front over the past week.  Here's a quick tour of all the excitement in the US and Europe.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/20/weekly-newsreel-all-the-hedge-fund-regulation-thats-fit-to-print/</link>
			</item>
	<item>
		<title>Is high hedge fund compensation really that new?</title>
		<pubDate>Fri, 18 Apr 2008 02:00:12 +0000</pubDate>
		<description><![CDATA[There is little debate that top hedge fund managers make astronomical amounts of money.  But are such amounts actually that new?  If not, why are they an issue now?]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/17/is-high-hedge-fund-compensation-really-that-new/</link>
			</item>
	<item>
		<title>Hedge fund survey reveals managers either a) fulfilling mandate, or b) dreaming in Technicolor (check one)</title>
		<pubDate>Thu, 17 Apr 2008 04:26:32 +0000</pubDate>
		<description><![CDATA[According to a recent survey, Hedge fund managers are unfazed by economic problems in the US.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/16/hedge-fund-survey-reveals-managers-either-a-fulfilling-mandate-or-b-dreaming-in-technicolor-check-one/</link>
			</item>
	<item>
		<title>European institutions apparently staying the course on hedge funds</title>
		<pubDate>Thu, 17 Apr 2008 04:26:17 +0000</pubDate>
		<description><![CDATA[Two big names both seem to agree that European institutional investors are also unfazed by recent hedge fund performance. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/16/european-institutions-apparently-staying-the-course-on-hedge-funds/</link>
			</item>
	<item>
		<title>President&#8217;s Working Group Hedge Fund Report - Interactive Version</title>
		<pubDate>Wed, 16 Apr 2008 02:26:04 +0000</pubDate>
		<description><![CDATA[Want to scan the new hedge fund guidelines from the President's Working Group, but can't stomach 67 pages of insomnia cure?  Read this posting. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/15/presidents-working-group-hedge-fund-report-interactive-version/</link>
			</item>
	<item>
		<title>Mallaby shows hedge funds that the best defense is a good offence</title>
		<pubDate>Tue, 15 Apr 2008 02:14:59 +0000</pubDate>
		<description><![CDATA[A leading economic commentator echoed what AIMA said last week - that hedge funds aren't the culprits in the credit crunch.  His call: "blame the banks".]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/14/mallaby-shows-hedge-funds-that-the-best-defense-is-a-good-offence/</link>
			</item>
	<item>
		<title>130/30 in the 1930s</title>
		<pubDate>Mon, 14 Apr 2008 02:28:03 +0000</pubDate>
		<description><![CDATA[Ever wonder how 130/30 strategies would have performed during the Great Depression?     ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/13/13030-in-the-1930s/</link>
			</item>
	<item>
		<title>Weekly Newsreel</title>
		<pubDate>Fri, 11 Apr 2008 02:31:38 +0000</pubDate>
		<description><![CDATA[&#8220;Hedge funds come unstuck on truth-twisting&#8221;:  Aussie newspaper The Age provides a great example of why AIMA felt compelled to put its foot down on anti-hedge fund hype yesterday.  The article covers a recent academic study and starts with &#8220;Has the hedge-fund industry been built on a series of lies?&#8221; and continues on to proclaim, &#8220;Now it [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/10/weekly-newsreel/</link>
			</item>
	<item>
		<title>Google, efficient markets and box lunches with Bill Sharpe</title>
		<pubDate>Thu, 10 Apr 2008 02:00:58 +0000</pubDate>
		<description><![CDATA[Some of the world's staunchest allies of efficient market theory are actually more open to active management than you might expect.   ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/09/google-efficient-markets-and-box-lunches-with-bill-sharpe/</link>
			</item>
	<item>
		<title>Institutional alpha expectations remain (relatively) benign despite hype</title>
		<pubDate>Wed, 09 Apr 2008 02:56:27 +0000</pubDate>
		<description><![CDATA[A recently-released survey by Greenwich Associates shows that institutional investors' feet remain firming planted on the ground when it comes to alpha.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/08/institutional-alpha-expectations-remain-relatively-benign-despite-hype/</link>
			</item>
	<item>
		<title>AIMA comes out swinging</title>
		<pubDate>Wed, 09 Apr 2008 02:43:27 +0000</pubDate>
		<description><![CDATA[The closest thing hedge fund managers have to a global trade association is apparently fed up with reading how its members are at the root of all that is evil.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/08/aima-comes-out-swinging/</link>
			</item>
	<item>
		<title>Research says shorting ETFs in a 1X0/X0 portfolio holds unique benefits</title>
		<pubDate>Tue, 08 Apr 2008 00:51:44 +0000</pubDate>
		<description><![CDATA[When short-selling ideas are in short supply, hedge fund managers can always short ETFs.  Problem is, that provides no value-add.  Or does it?]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/07/research-says-shorting-etfs-in-a-1x0x0-portfolio-holds-unique-benefits/</link>
			</item>
	<item>
		<title>Converting the Sun&#8217;s Energy into Alpha</title>
		<pubDate>Mon, 07 Apr 2008 02:00:53 +0000</pubDate>
		<description><![CDATA[Can new technologies, investment vehicles, and financial markets coupled with many investors with "extra-economic" motivations, convert the sun's energy into alpha? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/06/converting-the-suns-energy-into-alpha/</link>
			</item>
	<item>
		<title>Hedge fund closure data: ebola or just a bleeding nose?</title>
		<pubDate>Sun, 06 Apr 2008 20:48:58 +0000</pubDate>
		<description><![CDATA[We just couldn't keep or trap shut about the continuing flow of hedge fund malarky coming from some mainstream media outlets.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/06/hedge-fund-closure-data-ebola-or-just-a-bleeding-nose/</link>
			</item>
	<item>
		<title>Skeptics to hedge fund managers: Your alpha has been faked!</title>
		<pubDate>Fri, 04 Apr 2008 02:00:22 +0000</pubDate>
		<description><![CDATA[There's a debate brewing in the hedge fund community right now over an academic paper on hedge fund alpha.  Here's what you need to know.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/03/skeptics-to-hedge-fund-managers-your-alpha-has-been-faked/</link>
			</item>
	<item>
		<title>New Rydex &#8220;alternative strategies&#8221; fund shows why the term is so hard to define</title>
		<pubDate>Thu, 03 Apr 2008 02:00:45 +0000</pubDate>
		<description><![CDATA[Research from Rydex shows that investors are confused about "alternative investments".  A peek under the hood of their new offering might show why.]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/02/new-rydex-alternative-investment-fund-shows-why-the-term-is-so-hard-to-define/</link>
			</item>
	<item>
		<title>What are we to make of hedge fund attrition data?</title>
		<pubDate>Wed, 02 Apr 2008 02:07:10 +0000</pubDate>
		<description><![CDATA[When hedge fund closures increase, headlines scream that the end is nigh.  Increases in mutual fund attrition are another story, however... ]]></description>
		<link>http://allaboutalpha.com/blog/2008/04/01/what-are-we-to-make-of-hedge-fund-attrition-data/</link>
			</item>
	<item>
		<title>Alternative Viewpoints: Sustainable Hedge Fund Performance</title>
		<pubDate>Tue, 01 Apr 2008 02:06:51 +0000</pubDate>
		<description><![CDATA[Identifying persistent returns can be done with the naked eye.  But identifying persistent alpha?  That's a different ball game according one researcher. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/31/alternative-viewpoints-sustainable-hedge-fund-performance/</link>
			</item>
	<item>
		<title>New Study: No hedge fund bubble&#8230;but a potentially serious capacity constraint</title>
		<pubDate>Mon, 31 Mar 2008 02:06:05 +0000</pubDate>
		<description><![CDATA[A new study backs up the notion that hedge fund alpha is decreasing.  But it also explores, for the first time, the possible mechanics behind this phenomenon.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/30/new-study-no-hedge-fund-bubblebut-a-potentially-serious-capacity-constraint/</link>
			</item>
	<item>
		<title>In parliamentary-style debate 130/30 compared to &#8220;Cabbage Patch Kid&#8221;, &#8220;Roger Clemens&#8221;, and an &#8220;old pickup truck&#8221;</title>
		<pubDate>Fri, 28 Mar 2008 02:00:48 +0000</pubDate>
		<description><![CDATA[AIMA hosted a spirited parliamentary-style debate on 130/30 this week.  The combatants: Watson Wyatt and TD Asset Management.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/27/in-parliamentary-style-debate-13030-compared-to-cabbage-patch-kid-roger-clemens-and-an-old-pickup-truck/</link>
			</item>
	<item>
		<title>A Reader Responds: Yes, there is Alternative Beta (and Alpha) in Alternative Energy</title>
		<pubDate>Thu, 27 Mar 2008 02:00:03 +0000</pubDate>
		<description><![CDATA[Last fall, we questioned whether alternative energy could produce alpha.  Today, one leading environmental technology investor takes issue with that assessment.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/26/a-reader-responds-yes-there-is-alternative-beta-and-alpha-in-alternative-energy/</link>
			</item>
	<item>
		<title>Portable alpha demoted to &#8220;low opportunity&#8221; in new survey of consultants</title>
		<pubDate>Wed, 26 Mar 2008 02:00:58 +0000</pubDate>
		<description><![CDATA[A new survey of investment consultants reveals a significant split between the views of large and small players.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/25/portable-alpha-demoted-to-low-opportunity-in-new-survey-of-consultants/</link>
			</item>
	<item>
		<title>130/30: Nature or Nurture?</title>
		<pubDate>Tue, 25 Mar 2008 02:06:27 +0000</pubDate>
		<description><![CDATA[Studies of twins often provide insight into the importance of genetics vs. environment.  Turns out, the same could be true for 130/30 funds. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/24/13030-nature-or-nurture/</link>
			</item>
	<item>
		<title>Lendex aims for transparency - mostly</title>
		<pubDate>Tue, 25 Mar 2008 01:57:30 +0000</pubDate>
		<description><![CDATA[We've crammed everything available on the yet-to-be-launched securities lending exchange "Lendex" into one (very brief) posting. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/24/lendex-aims-for-transparency-mostly/</link>
			</item>
	<item>
		<title>Start your alpha engines, &#8220;the race is on&#8221;</title>
		<pubDate>Mon, 24 Mar 2008 02:00:01 +0000</pubDate>
		<description><![CDATA[Merrill Lynch says "the race to fund manager heaven is in full swing".  What will they find there?  Simultaneously higher volumes and margins.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/23/start-your-alpha-engines-the-race-is-on/</link>
			</item>
	<item>
		<title>Hate the dentist?  Then you’ll be happy about this story…</title>
		<pubDate>Thu, 20 Mar 2008 22:44:41 +0000</pubDate>
		<description><![CDATA[Today we bring you two breaking hedge fund stories from the dental community...]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/20/hate-the-dentist-then-you%e2%80%99ll-be-happy-about-this-story%e2%80%a6/</link>
			</item>
	<item>
		<title>Weekly AAA Newsreel</title>
		<pubDate>Thu, 20 Mar 2008 22:41:53 +0000</pubDate>
		<description><![CDATA[Below is out (shortened) weekly round-up of stories in which you might be interested, but which didn&#8217;t graduate to full stories on AllAboutAlpha.com.  As usual, all these stories are listed in the scrolling news ticker you see at the top of your screen.
Lawrence Cohen, a NY lawyer, dives deeper into the legal issues surrounding the Bulldog [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/20/weekly-aaa-newsreel/</link>
			</item>
	<item>
		<title>Chalk another one up for the Transatlantic Trio</title>
		<pubDate>Wed, 19 Mar 2008 23:29:08 +0000</pubDate>
		<description><![CDATA[State Street's recent win of a $200 million hedge fund replication mandate is notable both due to its size and due to its intellectual inspiration.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/19/chalk-another-one-up-for-the-transatlantic-trio/</link>
			</item>
	<item>
		<title>An inside look at hedge fund deliberations</title>
		<pubDate>Wed, 19 Mar 2008 02:00:10 +0000</pubDate>
		<description><![CDATA[In the opaque world of hedge funds, there is one area where the sun shines brightly through - the meeting minutes of public pension plans. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/18/an-inside-look-at-hedge-fund-deliberations/</link>
			</item>
	<item>
		<title>Study examines &#8220;mulligans&#8221; in hedge fund performance data</title>
		<pubDate>Tue, 18 Mar 2008 00:00:58 +0000</pubDate>
		<description><![CDATA[New hedge funds tend to do relatively well, but skeptics say it's because of "back-fill".  However, a new study concludes that backfilling may only be part of the story.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/17/study-examines-mulligans-in-hedge-fund-performance-data/</link>
			</item>
	<item>
		<title>Dow Jones joins 130/30 index parade</title>
		<pubDate>Mon, 17 Mar 2008 02:00:42 +0000</pubDate>
		<description><![CDATA[Dow Jones has joined Credit Suisse and S&#038;P in the 130/30 index march.  But a closer look reveals the Dow Jones entry is fundamentally different.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/16/dow-jones-joins-13030-index-parade/</link>
			</item>
	<item>
		<title>Alpha-centric Newsreel</title>
		<pubDate>Fri, 14 Mar 2008 21:23:52 +0000</pubDate>
		<description><![CDATA[Here is a sample of the news stories we didn&#8217;t get a chance to explore in detail this week.  As usual, all of them can be found on the Alpha-ticker above or in the news items section of AllAboutAlpha.com (free registration may be required for a few of these).
Morgan Stanley says Alpha/Beta Separation &#8220;the way [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/14/alpha-centric-newsreel/</link>
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		<title>Passive managers spark space race with launch of new satellites</title>
		<pubDate>Fri, 14 Mar 2008 02:01:30 +0000</pubDate>
		<description><![CDATA[Notwithstanding new evidence of its alleged fruitlessness, support for active management seems to be coming from an unlikely source: passive managers. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/13/passive-managers-spark-space-race-with-launch-of-new-satellites/</link>
			</item>
	<item>
		<title>Manager: &#8220;We would look at short extension funds for the next big mutual fund scandal&#8221;</title>
		<pubDate>Fri, 14 Mar 2008 02:00:03 +0000</pubDate>
		<description><![CDATA[Not everyone is a fan of 130/30.  One manager says so-called short rebates represent a conflict of interest for "bonus hungry executives" at some firms.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/13/manager-we-would-look-at-short-extension-funds-for-the-next-big-mutual-fund-scandal/</link>
			</item>
	<item>
		<title>The End of (asset management) History?</title>
		<pubDate>Thu, 13 Mar 2008 00:45:45 +0000</pubDate>
		<description><![CDATA[If the history of asset management could be characterized as a struggle between active and passive management, are we nearing the end?]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/12/the-end-of-asset-management-history/</link>
			</item>
	<item>
		<title>Oh, to be a fly-on-the-wall at the recent HF replication conference.</title>
		<pubDate>Wed, 12 Mar 2008 02:00:29 +0000</pubDate>
		<description><![CDATA[Our intrepid "fly on the wall" buzzed into London for a major conference on hedge fund replication.  He reports from his fly-sized Blackberry.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/11/oh-to-be-a-fly-on-the-wall-at-the-recent-hf-replication-conference-wait/</link>
			</item>
	<item>
		<title>Canada, Singapore &#038; Norway to US Congress: Relax, we&#8217;re not trying to take you over</title>
		<pubDate>Tue, 11 Mar 2008 02:00:37 +0000</pubDate>
		<description><![CDATA[Three "sovereign wealth funds" managing a total of $600 billion recent told the US Congress not to worry - they weren't vehicles for their goverments' policies.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/10/canada-norway-singapore-to-us-congress-relax-were-not-trying-to-take-you-over/</link>
			</item>
	<item>
		<title>Shadwick to Quants: &#8220;Financial models should come with health warnings!&#8221;</title>
		<pubDate>Mon, 10 Mar 2008 01:43:29 +0000</pubDate>
		<description><![CDATA[Dr. William Shadwick, developer of the Omega Function used in risk management, warns that "over-modeling" has "negative consequences"]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/09/shadwick-to-quants-financial-models-should-come-with-health-warnings/</link>
			</item>
	<item>
		<title>First Lady&#8217;s former pension plan now fuelled by alternative investments</title>
		<pubDate>Fri, 07 Mar 2008 17:00:27 +0000</pubDate>
		<description><![CDATA[Everything is bigger in the Lone Star State - including the alternative investment portfolio in its teachers' pension plan. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/07/first-ladys-former-pension-plan-now-fuelled-by-alternative-investments/</link>
			</item>
	<item>
		<title>Emotion + &#8220;Radical Neuroscience&#8221; = Alpha</title>
		<pubDate>Fri, 07 Mar 2008 02:31:54 +0000</pubDate>
		<description><![CDATA[Recent research on the human brain reveals that the secret to alpha generation may not be facts and figures - but emotions &#038; psychology.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/06/emotion-radical-neuroscience-alpha/</link>
			</item>
	<item>
		<title>Kat to Jaeger: &#8220;Let’s skip the nitpicking&#8230;how useful is modern finance theory, really?&#8221;</title>
		<pubDate>Wed, 05 Mar 2008 23:57:11 +0000</pubDate>
		<description><![CDATA[In the latest in their ongoing debate, Harry Kat questions Lars Jaeger's reliance on modern finance - a field he calls "utterly disappointing". ]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/05/kat-to-jaeger-let%e2%80%99s-skip-the-nitpickinghow-useful-is-modern-finance-theory-really/</link>
			</item>
	<item>
		<title>A comment on the (latest) Goldstein case</title>
		<pubDate>Wed, 05 Mar 2008 00:00:37 +0000</pubDate>
		<description><![CDATA[Phillip Goldstein is at it again.  This time he has threatened to sue the SEC if it doesn't allow him to advertise on the web.  The big question: is commercial "free speech" protected?]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/04/a-comment-on-the-latest-goldstein-case/</link>
			</item>
	<item>
		<title>Alternative Viewpoints: &#8220;Liquidity Insurance&#8221;</title>
		<pubDate>Tue, 04 Mar 2008 01:25:35 +0000</pubDate>
		<description><![CDATA[In today's "Alternative Viewpoints...powered by CAIA" Konstantin Danilov proposes a new type of security that might address the illiquidity risks inherent in individual positions.]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/03/alternative-viewpoints-liquidity-insurance/</link>
			</item>
	<item>
		<title>Academic study: Morningstar ratings have &#8220;unintended consequence&#8221; of being &#8220;manipulation proof&#8221;</title>
		<pubDate>Mon, 03 Mar 2008 01:56:45 +0000</pubDate>
		<description><![CDATA[Following the launch of Morningstar's "Risk Adjusted Rating" for hedge funds, we examine this metric and find that - if not predictive - it is at least "manipulation proof".]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/02/academic-study-morningstar-ratings-have-unintended-consequence-of-being-manipulation-proof/</link>
			</item>
	<item>
		<title>Alpha News Ticker</title>
		<pubDate>Mon, 03 Mar 2008 01:39:53 +0000</pubDate>
		<description><![CDATA[We come across a lot of interesting news items each week.  In some cases, we see enough items on a particular theme write a posting on their common threads - what they say about the hedge fund industry, how they illustrate some alpha-centric investment strategy, or why they spell trouble (or success) for alternative investing. 
Whatever [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/03/02/alpha-news-ticker/</link>
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	<item>
		<title>Why the common expression &#8220;all correlations go to one&#8221; may be overstated</title>
		<pubDate>Fri, 29 Feb 2008 01:45:45 +0000</pubDate>
		<description><![CDATA[In a January report to clients (available here), Morgan Stanley explores the true implications of the adage "all correlations go to one during times of stress".  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/28/why-the-common-expression-all-correlations-go-to-one-may-be-overstated/</link>
			</item>
	<item>
		<title>CIO of the North Dakota State Investment Board on why he chose 130/30</title>
		<pubDate>Thu, 28 Feb 2008 01:21:54 +0000</pubDate>
		<description><![CDATA[Guest contributor Steve Cochrane, the CIO at the North Dakota State Retirement Scheme, tells how and why he brought 130/30 to the Flickertail State.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/27/cio-of-the-north-dakota-state-investment-board-on-why-he-chose-13030/</link>
			</item>
	<item>
		<title>Jaeger Replies to Kat&#8217;s Scepticism on Alternative Beta</title>
		<pubDate>Wed, 27 Feb 2008 02:00:23 +0000</pubDate>
		<description><![CDATA[Lars Jaeger says that Harry Kat's scepticism of alternative beta is based on a number of "inconsistencies" and mathematical short-cuts.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/26/jaeger-replies-to-kats-scepticism-on-alternative-beta/</link>
			</item>
	<item>
		<title>No Country for Old Men</title>
		<pubDate>Tue, 26 Feb 2008 00:02:27 +0000</pubDate>
		<description><![CDATA[UK regulators say that overly pessimistic longevity assumptions are leading to underfunded pension plans - making that country a risky place to be an old man.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/25/no-country-for-old-men/</link>
			</item>
	<item>
		<title>What is &#8220;complexity&#8221; and is it really to blame?</title>
		<pubDate>Mon, 25 Feb 2008 02:38:50 +0000</pubDate>
		<description><![CDATA[Two major articles over the weekend blame financial turmoil on "complexity".  An attractive argument - but is it really that simple? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/24/what-is-complexity-and-is-it-really-to-blame/</link>
			</item>
	<item>
		<title>Land of Enchantment apparently disenchanted with hedge funds</title>
		<pubDate>Fri, 22 Feb 2008 01:19:57 +0000</pubDate>
		<description><![CDATA[A report published last week says hedge funds need to do more in order to win the favor of institutional investors.  But it may be too late for one institution.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/21/land-of-enchantment-apparently-disenchanted-with-hedge-funds/</link>
			</item>
	<item>
		<title>Kat: HF replication using alternative betas “very useful” but “sounds better on paper than in practice”</title>
		<pubDate>Thu, 21 Feb 2008 01:34:25 +0000</pubDate>
		<description><![CDATA[Guest contributor Professor Harry Kat examines the creation of alternative beta using mechanical trading rules.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/20/kat-hf-replication-using-alternative-betas-very-useful-but-sounds-better-on-paper-than-in-practice/</link>
			</item>
	<item>
		<title>January turmoil has &#8220;sharpened the argument for the convergence of traditional and alternative asset management&#8221;: Report</title>
		<pubDate>Wed, 20 Feb 2008 00:13:37 +0000</pubDate>
		<description><![CDATA[A comprehensive new report provides evidence of what we see as an alpha-centric revolution in asset management.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/19/january-turmoil-has-sharpened-the-argument-for-the-convergence-of-traditional-and-alternative-asset-management-report/</link>
			</item>
	<item>
		<title>AAA Exclusive: Survey contains some surprises about how hedge fund managers now view “hedge fund replication”</title>
		<pubDate>Tue, 19 Feb 2008 00:42:07 +0000</pubDate>
		<description><![CDATA[Our exclusive survey of hedge fund managers, investors and consultants reveals how "hedge fund replication" is actually being embraced by some hedge funds.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/18/aaa-exclusive-survey-contains-some-surprises-about-how-hedge-fund-managers-now-view-hedge-fund-replication/</link>
			</item>
	<item>
		<title>This week&#8217;s Economist successfully nails blancmange to the wall</title>
		<pubDate>Mon, 18 Feb 2008 02:04:24 +0000</pubDate>
		<description><![CDATA[A great piece in this week's Economist echoes many of the themes at which we've been hammering away for the past year.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/17/this-weeks-economist-successfully-nails-blancmange-to-the-wall/</link>
			</item>
	<item>
		<title>Alpha in Final Four tickets?</title>
		<pubDate>Mon, 18 Feb 2008 01:02:40 +0000</pubDate>
		<description><![CDATA[A New York-based start-up is applying sophisticated financial acumen to the opaque world of championship sporting events.  Scalpers are certainly into it.  Will hedge funds be far behind. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/17/alpha-in-final-four-tickets/</link>
			</item>
	<item>
		<title>Replicating Hedge Funds: Traditional beta or alternative beta?</title>
		<pubDate>Fri, 15 Feb 2008 02:00:00 +0000</pubDate>
		<description><![CDATA[Partners Group's Lars Jaeger says that although you could have replicated hedge funds using equity beta over the past 4 years, "alternative beta" is still where it's at.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/14/replicating-hedge-funds-traditional-beta-or-alternative-beta/</link>
			</item>
	<item>
		<title>130/30 has &#8220;opened up serious questions&#8221; for brokers and custodians: report</title>
		<pubDate>Thu, 14 Feb 2008 03:24:46 +0000</pubDate>
		<description><![CDATA[Some say 130/30 is a whole new ball game for managers, prime brokers and custodians.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/13/13030-has-opened-up-serious-questions-for-brokers-and-custodians-report/</link>
			</item>
	<item>
		<title>&#8220;Appetite for alpha to rise&#8221; according to institutional survey</title>
		<pubDate>Wed, 13 Feb 2008 00:57:56 +0000</pubDate>
		<description><![CDATA[The future of the alpha-centric boutique asset manager looks pretty rosy according to a new survey by consulting firm Watson Wyatt.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/12/appetite-for-alpha-to-rise-according-to-institutional-survey/</link>
			</item>
	<item>
		<title>Hedge fund seeding so &#8220;last month&#8221;?</title>
		<pubDate>Wed, 13 Feb 2008 00:57:38 +0000</pubDate>
		<description><![CDATA[Incubators work best when an industry isn't so hot that entrepreneurs don't need them nor so cold that no one wants to buy their products.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/12/hedge-fund-seeding-so-last-month/</link>
			</item>
	<item>
		<title>AAA Exclusive: An interview with Prof. Harry Kat about his newest project, &#8220;super-diversification&#8221;</title>
		<pubDate>Tue, 12 Feb 2008 02:00:01 +0000</pubDate>
		<description><![CDATA[A European hedge fund manager announced today that it will be using Prof. Harry Kat's "FundCreator" software as a risk management tool.  Kat says it's not about "replication" any more.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/11/aaa-exclusive-an-interview-with-prof-harry-kat-about-his-newest-project-super-diversification/</link>
			</item>
	<item>
		<title>Does the &#8220;wisdom of crowds&#8221; produce alpha?</title>
		<pubDate>Mon, 11 Feb 2008 02:00:10 +0000</pubDate>
		<description><![CDATA[Last week's O'Reilly Money:Tech conference in New York showed what you get when you mix online "social networking" with stock picking.  But is the result truly alpha? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/10/does-the-wisdom-of-crowds-produce-alpha/</link>
			</item>
	<item>
		<title>Why the fountain of youth would unleash a flood of liabilities</title>
		<pubDate>Fri, 08 Feb 2008 04:00:27 +0000</pubDate>
		<description><![CDATA[Like your retirement needs, the present value of a pension plan's obligations change regularly.  Which has pensions wondering, "If no plan is the same, why use the same benchmark?"    ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/07/why-the-fountain-of-youth-would-unleash-a-flood-of-liabilities/</link>
			</item>
	<item>
		<title>Life in The Big Alpha</title>
		<pubDate>Thu, 07 Feb 2008 04:31:00 +0000</pubDate>
		<description><![CDATA[Alpha oozed out of The Big Apple this week - and not just on Wall Street.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/06/life-in-the-big-alpha/</link>
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	<item>
		<title>Hedge Funds shouldn&#8217;t fear &#8220;The Blob&#8221;</title>
		<pubDate>Thu, 07 Feb 2008 04:29:36 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2008/02/06/hedge-funds-shouldnt-fear-the-blob/</link>
			</item>
	<item>
		<title>Paper revisits what it means for a manager to be truly &#8220;active&#8221;</title>
		<pubDate>Wed, 06 Feb 2008 01:24:41 +0000</pubDate>
		<description><![CDATA[Is your manager a (passive) grasshopper or an (active) ant?  The debate continues about how to best measure manager "activeness".]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/05/paper-revisits-what-it-means-for-a-manager-to-be-truly-active/</link>
			</item>
	<item>
		<title>More on fixed income portable alpha</title>
		<pubDate>Wed, 06 Feb 2008 01:23:56 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2008/02/05/more-on-fixed-income-portable-alpha/</link>
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		<title>Top Institutional Hedge Funds</title>
		<pubDate>Mon, 04 Feb 2008 23:17:16 +0000</pubDate>
		<description><![CDATA[Long gone are the days when hedge funds were for just for university foundations and rich guys.  As this new ranking from Pensions &#038; Investments shows, 72% of the assets of the largest 10 US hedge fund managers are institutional.  None of the names will surprise you.  But what&#8217;s interesting about the list is that it [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/04/top-institutional-hedge-funds/</link>
			</item>
	<item>
		<title>Alternative Viewpoints: Réplication de fonds de couverture</title>
		<pubDate>Mon, 04 Feb 2008 23:15:56 +0000</pubDate>
		<description><![CDATA[Pierre Saint-Laurent, head of the Canadian Chapter of the CAIA Association tells us why his hometown of Montreal seems to always be punching above its weight. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/04/alternative-viewpoints-replication-de-fonds-de-couverture/</link>
			</item>
	<item>
		<title>Public Service Announcement: Our monthly email was sent out today (Feb. 4)</title>
		<pubDate>Mon, 04 Feb 2008 23:00:19 +0000</pubDate>
		<description><![CDATA[A few of the over 2,000 subscribers to our monthly email update have commented that they aren’t receiving this regular list of most popular postings.  For those who want to talk to their IT departments about this problem, here’s a heads-up that a monthly &#8220;Alpha Mail” was sent out at about 3pm US Eastern Time on [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/04/check-your-junk-mail-filters-our-monthly-email-was-sent-out-this-wednesday-oct-24/</link>
			</item>
	<item>
		<title>January 29, 2008: The day the tide turned for hedge funds?</title>
		<pubDate>Mon, 04 Feb 2008 02:28:04 +0000</pubDate>
		<description><![CDATA[For years hedge funds have been fingered as the bogeymen behind financial risk.  Recent events have apparently turned the tide - making hedge funds look a lot friendlier.]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/03/january-29-2008-the-day-the-tide-turned-for-hedge-funds/</link>
			</item>
	<item>
		<title>Sovereign Stealth Funds</title>
		<pubDate>Mon, 04 Feb 2008 02:21:19 +0000</pubDate>
		<description><![CDATA[If you think you've never met someone from a Sovereign Wealth Fund, check your business card collection once again....]]></description>
		<link>http://allaboutalpha.com/blog/2008/02/03/sovereign-stealth-funds/</link>
			</item>
	<item>
		<title>What do Ikea and maple syrup have in common?</title>
		<pubDate>Fri, 01 Feb 2008 02:00:22 +0000</pubDate>
		<description><![CDATA[Apparently, there is a correlation between pension investment innovation and proximity to the North Pole. ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/31/what-do-ikea-and-maple-syrup-have-in-common/</link>
			</item>
	<item>
		<title>S&#038;P&#8217;s New Dividend Indices: Really alpha or just alternative beta?</title>
		<pubDate>Thu, 31 Jan 2008 02:00:17 +0000</pubDate>
		<description><![CDATA[Hot on the heels of its new 130/30 indices, S&#038;P released a new "alpha producing" index last Friday.  But does it really produce alpha?]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/30/sps-new-dividend-indices-really-alpha-or-just-alternative-beta/</link>
			</item>
	<item>
		<title>Hedge Fund Replication: Delicacy or a bunch of baloney?</title>
		<pubDate>Wed, 30 Jan 2008 22:00:05 +0000</pubDate>
		<description><![CDATA[We&#8217;ve been writing about hedge fund &#8220;replication&#8221; for a while and tracking the latest news on this topic.  Now it&#8217;s your turn to sound off on the issue.  Is it a genuine threat to the hedge fund industry or is it a sad attempt to discredit hedge funds?  Or is it something in between? 
Click here (or [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/30/hedge-fund-replication-delicacy-or-a-bunch-of-baloney/</link>
			</item>
	<item>
		<title>2007 data suggests 130/30 outperforms</title>
		<pubDate>Wed, 30 Jan 2008 02:00:01 +0000</pubDate>
		<description><![CDATA[Data hot off the press suggests 130/30 funds have out-performed the market for the 5th year running - with higher fees.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/29/2007-data-suggests-13030-outperforms/</link>
			</item>
	<item>
		<title>Research finds most equity indices actually contain alpha</title>
		<pubDate>Tue, 29 Jan 2008 02:00:17 +0000</pubDate>
		<description><![CDATA[A study of various global equity indices shows that the smaller more "exclusive" ones (like the Dow) depart significantly from the passive "buy and hold ethos" of indexation.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/28/research-finds-most-equity-indices-actually-contain-alpha/</link>
			</item>
	<item>
		<title>New research on private equity surprises even some of the experts</title>
		<pubDate>Mon, 28 Jan 2008 02:00:25 +0000</pubDate>
		<description><![CDATA[A major study on the global impact of private equity was released on Friday in Davos.  The lead researcher says a few of its findings surprised even him.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/27/new-research-on-private-equity-surprises-even-some-of-the-experts/</link>
			</item>
	<item>
		<title>Davos &#8220;Systemic Financial Risk&#8221; panel: most apropos in modern history</title>
		<pubDate>Fri, 25 Jan 2008 19:45:51 +0000</pubDate>
		<description><![CDATA[Official news of the SocGen fiasco broke on Thursday, January 24 (See conference call notes from 5am ET that day).  As the media widely reported, the company opted for a rights issue to shore up its capital ratios.  Morgan Stanley and JP Morgan were chosen as underwriters.
The WSJ reports, &#8220;Société Générale and the U.S. bankers feared [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/25/davos-systemic-financial-risk-panel-most-apropos-in-modern-history/</link>
			</item>
	<item>
		<title>SocGen named &#8220;Equity Derivatives House of the Year&#8221;</title>
		<pubDate>Fri, 25 Jan 2008 14:23:07 +0000</pubDate>
		<description><![CDATA[We couldn't make this stuff up.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/25/socgen-named-equity-derivatives-house-of-the-year/</link>
			</item>
	<item>
		<title>The difference between retail and institutional investors</title>
		<pubDate>Fri, 25 Jan 2008 01:00:13 +0000</pubDate>
		<description><![CDATA[A recent article about 130/30 mutual funds shows why mutual fund investors tend to perform worse than mutual funds themselves - performance chasing.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/24/the-difference-between-retail-and-institutional-investors/</link>
			</item>
	<item>
		<title>Davos Alpha</title>
		<pubDate>Thu, 24 Jan 2008 02:00:14 +0000</pubDate>
		<description><![CDATA[The global elite meets in Davos this weekend.  Hedge funds, a group that seems to make a brief cameo in pretty much every major issue on the "global agenda" these days, have yet to star in their own segment of the programme.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/23/davos-alpha/</link>
			</item>
	<item>
		<title>Reality Check: &#8220;130/30&#8243; and &#8220;quant&#8221; not synonymous</title>
		<pubDate>Thu, 24 Jan 2008 01:59:46 +0000</pubDate>
		<description><![CDATA[Here's a great example of how headline writers hold all the cards...]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/23/reality-check-13030-and-quant-not-synonymous/</link>
			</item>
	<item>
		<title>130/30 Experts: pick your compensation&#8230; &#8220;attractive&#8221;, &#8220;competitive&#8221;, or &#8220;outstanding&#8221;</title>
		<pubDate>Tue, 22 Jan 2008 22:24:23 +0000</pubDate>
		<description><![CDATA[Three job postings reveal that 130/30 is as much about sales and education as it is about investing.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/22/13030-experts-pick-your-compensation-attractive-competitive-or-outstanding/</link>
			</item>
	<item>
		<title>New research illustrates wide-ranging implications of the ubiquitous &#8220;high water mark&#8221;</title>
		<pubDate>Mon, 21 Jan 2008 23:25:42 +0000</pubDate>
		<description><![CDATA[The "high water mark" sounds so simple.  Get back any losses before you earn an incentive fee.  But this simple idea can affect managers in many unforeseen ways.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/21/new-research-illustrates-wide-ranging-implications-of-the-ubiquitous-high-water-mark/</link>
			</item>
	<item>
		<title>BlackRock an example of the &#8220;vise-like squeeze&#8221;?</title>
		<pubDate>Sun, 20 Jan 2008 22:17:02 +0000</pubDate>
		<description><![CDATA[BlackRock, the $1.3 trillion US money manager released Q4 results last week that clearly illustrate what McKinsey and others have predicted for the industry.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/20/blackrock-an-example-of-the-vise-like-squeeze/</link>
			</item>
	<item>
		<title>AAA Exclusive: An Interview with Managers of the World&#8217;s Newest Hedge Fund Replication Product</title>
		<pubDate>Fri, 18 Jan 2008 01:00:25 +0000</pubDate>
		<description><![CDATA[Another major player entered the hedge fund replication game today with a product based on technologies previously used in the machine learning and missle defense industries.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/17/aaa-exclusive-an-interview-with-managers-of-the-worlds-newest-hedge-fund-replication-product/</link>
			</item>
	<item>
		<title>From seeding to harvesting, 08 shaping up to be year of change for hedge fund industry</title>
		<pubDate>Thu, 17 Jan 2008 00:15:38 +0000</pubDate>
		<description><![CDATA[It's only mid-January and already there's been a lot of action involving both hedge fund seeding and hedge fund harvesting.    ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/16/from-seeding-to-harvesting-08-shaping-up-to-be-year-of-change-for-hedge-fund-industry/</link>
			</item>
	<item>
		<title>Warning to Accountants &#038; Consultants: Prime brokerages are trying to eat your lunch</title>
		<pubDate>Wed, 16 Jan 2008 01:00:18 +0000</pubDate>
		<description><![CDATA[The halcyon days of the prime brokerage industry may be coming to a close.  Not content to wait for fee pressures to mount, many PBs are becoming turn-key hedge fund operations.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/15/warning-to-accountants-consultants-prime-brokerages-are-trying-to-eat-your-lunch/</link>
			</item>
	<item>
		<title>130/30 Primary: Merrill 130/30 poll corroborates earlier polling, but also finds some new surprises</title>
		<pubDate>Tue, 15 Jan 2008 01:00:09 +0000</pubDate>
		<description><![CDATA[Merrill Lynch's new 130/30 polling contains some surprising findings about exactly who is most smitten with 130/30, and how they plan to invest - and not just in South Carolina or Nevada.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/14/13030-primary-merrill-13030-poll-corroborates-earlier-polling-but-finds-some-new-surprises/</link>
			</item>
	<item>
		<title>Betting on the Super Bowl?  Read this report on &#8220;NFL Alphas&#8221; first.</title>
		<pubDate>Mon, 14 Jan 2008 01:51:00 +0000</pubDate>
		<description><![CDATA[A new study suggests that NFL gamblers can develop an unwarranted love affair with last season's "darlings".  So are Las Vegas bookmakers serving up a "free lunch"?]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/13/betting-on-the-super-bowl-read-this-report-on-nfl-alphas-first/</link>
			</item>
	<item>
		<title>Bookstaber&#8217;s pre-boarding call for the &#8220;flight to simplicity&#8221;</title>
		<pubDate>Fri, 11 Jan 2008 00:34:04 +0000</pubDate>
		<description><![CDATA[Author Richard Bookstaber says you can't fight complexity with even more complexity.  What is needed, he says, is a "flight to simplicity".  Do they have business class on that plane? ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/10/bookstabers-pre-boarding-call-for-the-flight-to-simplicity/</link>
			</item>
	<item>
		<title>Asset Alliance becomes a SPAC snack.  Reminds us of similar tack from way back.</title>
		<pubDate>Thu, 10 Jan 2008 00:48:06 +0000</pubDate>
		<description><![CDATA[Yesterday's announcement that hedge fund seeder/investor Asset Alliance has done a reverse takeover and now has an Amex listing reminds us of the good old days of e-business incubators.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/09/asset-alliance-becomes-a-spac-snack-reminds-us-of-similar-tack-from-way-back/</link>
			</item>
	<item>
		<title>&#8220;Homemade Hedge Funds&#8221;: Delicious but deadly?</title>
		<pubDate>Wed, 09 Jan 2008 01:00:43 +0000</pubDate>
		<description><![CDATA[There is a lot of talk about how hedge fund returns can be "replicated" using liquid derivatives, swaps, futures, and "exotic beta".  But what about good old-fashioned ETFs?  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/08/homemade-hedge-funds-delicious-but-deadly/</link>
			</item>
	<item>
		<title>130/30 Indices: True indices or like playing chess against a computer?</title>
		<pubDate>Tue, 08 Jan 2008 01:00:39 +0000</pubDate>
		<description><![CDATA[They say anything worthwhile should be measured.  But does everything worthwhile really need an "index"?  A controversial new paper on 130/30 indexation redefines the term.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/07/13030-indices-true-indices-or-playing-chess-against-a-computer/</link>
			</item>
	<item>
		<title>Your Interview with Author Richard Bookstaber</title>
		<pubDate>Mon, 07 Jan 2008 01:54:08 +0000</pubDate>
		<description><![CDATA[Regular readers may remember our two part review of &#8220;A Demon of Our Own Design&#8220;, a fascinating account of the recent history of risk management by hedge fund manager Richard Bookstaber.  As you may recall, the book was released just in time for August&#8217;s hedge fund melt-down making it exceedingly timely and propelling Bookstaber into [...]]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/06/your-interview-with-author-richard-bookstaber/</link>
			</item>
	<item>
		<title>What&#8217;s behind Trusco&#8217;s partial acquisition of 130/30 manager Alpha Equity?</title>
		<pubDate>Mon, 07 Jan 2008 01:53:26 +0000</pubDate>
		<description><![CDATA[No matter how hard they try, there is one thing mega money managers can't build overnight: six years of experience.  So in hot areas like 130/30, this invariably leads to one thing: acquisitions.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/06/whats-behind-truscos-partial-acquisition-of-13030-manager-alpha-equity/</link>
			</item>
	<item>
		<title>New paper explains &#8220;muted demand&#8221; for portable alpha</title>
		<pubDate>Fri, 04 Jan 2008 01:00:11 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2008/01/03/new-paper-explains-muted-demand-for-portable-alpha/</link>
			</item>
	<item>
		<title>Hedge fund closures to fall in 2010?</title>
		<pubDate>Thu, 03 Jan 2008 01:00:08 +0000</pubDate>
		<description><![CDATA[A recent journal article has reignited interest in the question of why hedge funds close (or, at least, stop reporting to databases) and what might happen in a few years.  ]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/02/hedge-fund-closures-to-fall-in-2010/</link>
			</item>
	<item>
		<title>Morningstar&#8217;s Deutsch: 130/30 &#8220;not monolithic&#8221; but does represent a &#8220;convergence&#8221; in money management</title>
		<pubDate>Wed, 02 Jan 2008 03:24:02 +0000</pubDate>
		<description><![CDATA[Morningstar's Steve Deutsch has a bird's-eye view of the burgeoning 1X0/X0 field.  Today, he shares this perspective, concluding that money managers are stealing a page from the telecom playbook.]]></description>
		<link>http://allaboutalpha.com/blog/2008/01/01/morningstars-deutsch-13030-not-monolithic-but-does-represent-a-convergence-in-money-management/</link>
			</item>
	<item>
		<title>2007&#8217;s Top AllAboutAlpha.com Postings</title>
		<pubDate>Mon, 31 Dec 2007 01:00:39 +0000</pubDate>
		<description><![CDATA[Missed a few postings here and there? (out of a total of 360 this year).  No worries.  Here is a list of our most popular postings in 2007.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/30/2007s-top-allaboutalphacom-postings/</link>
			</item>
	<item>
		<title>More on how the ivory towers grow so tall</title>
		<pubDate>Fri, 28 Dec 2007 01:00:10 +0000</pubDate>
		<description><![CDATA[How exactly to top performing university endowments make all their money?  You may be surprised by what this academic has to say on the issue.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/27/more-on-how-the-ivory-towers-grow-so-tall/</link>
			</item>
	<item>
		<title>Ineichen looks back (way back) to see future</title>
		<pubDate>Thu, 27 Dec 2007 01:00:10 +0000</pubDate>
		<description><![CDATA[Looking for something a little different to read this holiday season?  UBS's Alexander Ineichen continues to mix history, philosophy, literature and finance and we've got his latest thinking.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/26/ineichen-looks-back-way-back-to-see-forward/</link>
			</item>
	<item>
		<title>The expanding (alpha) universe</title>
		<pubDate>Mon, 24 Dec 2007 01:00:05 +0000</pubDate>
		<description><![CDATA[With the constant flow of hedge fund industry size estimates, it's easy to wonder if the hedge fund industry is going to hit a ceiling at some point.  We consulted one of the experts to find out.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/23/how-big-is-the-alpha-universe-now/</link>
			</item>
	<item>
		<title>Crowded hedge fund trades: Why the rules changed in &#8216;07</title>
		<pubDate>Fri, 21 Dec 2007 01:00:26 +0000</pubDate>
		<description><![CDATA[There has been a lot of talk about "crowded" hedge fund trades.  But how do you measure this crowding and does it pay to join in the crowd?]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/20/crowded-hedge-fund-trades-why-the-rules-changed-in-07/</link>
			</item>
	<item>
		<title>A closer look at Bear&#8217;s new 130/30 mutual fund</title>
		<pubDate>Thu, 20 Dec 2007 01:00:20 +0000</pubDate>
		<description><![CDATA[Bear Stearns has surprised industry observers by launching a new mutual fund.  Here are some of the prospectus details you probably won't find in the media.    ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/19/a-closer-look-at-bears-new-13030-mutual-fund/</link>
			</item>
	<item>
		<title>Home of original &#8220;black swans&#8221; found to have smallest population of the statistical variety</title>
		<pubDate>Wed, 19 Dec 2007 01:00:41 +0000</pubDate>
		<description><![CDATA[New research finds statistical "black swans" - whose namesake is indigenous to Australia - are actually one step away from the endangered species list down under.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/18/home-of-original-black-swans-found-to-have-smallest-population-of-the-statistical-variety/</link>
			</item>
	<item>
		<title>Swedish Pension Plan: Alpha-Beta Split = Investment &#8220;Creativity&#8221;</title>
		<pubDate>Tue, 18 Dec 2007 01:01:44 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2007/12/17/swedish-pension-plan-alpha-beta-split-investment-creativity/</link>
			</item>
	<item>
		<title>Now &#8220;Private Equity Replication&#8221;?</title>
		<pubDate>Tue, 18 Dec 2007 01:00:20 +0000</pubDate>
		<description><![CDATA[If hedge fund indices can apparently be replicated using traditional risk factors such as equity risk, why can't private equity funds?  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/17/now-private-equity-replication/</link>
			</item>
	<item>
		<title>European Central Bank: Hedge funds did not likely &#8220;play a central role&#8221; in August&#8217;s mayhem</title>
		<pubDate>Mon, 17 Dec 2007 01:00:21 +0000</pubDate>
		<description><![CDATA[The European Central Bank weighted in this month on the state of the hedge fund industry with some interesting original analysis of "crowded trades",  leverage and the "liquidity mismatch".]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/16/european-central-bank-hedge-funds-did-not-likely-play-a-central-role-in-augusts-mayhem/</link>
			</item>
	<item>
		<title>Putnam Lovell&#8217;s &#8220;Belle Epoque&#8221; for Money Management</title>
		<pubDate>Fri, 14 Dec 2007 01:00:01 +0000</pubDate>
		<description><![CDATA[A new report on the future of money management says we've just left a "Belle Epoque".  But we say the Belle Epoque is just beginning.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/13/putnam-lovells-belle-epoque-for-money-management/</link>
			</item>
	<item>
		<title>Fifth birthday of bull run making mutual funds look better than they are</title>
		<pubDate>Thu, 13 Dec 2007 01:00:11 +0000</pubDate>
		<description><![CDATA[Markets hit rock bottom five years ago this fall.  As a result, 5 year returns are currently peaking - making closet indexing mutual funds look pretty smart...too smart.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/12/fifth-birthday-of-bull-run-making-mutual-funds-look-better-than-they-are/</link>
			</item>
	<item>
		<title>There&#8217;s a network who&#8217;s sure&#8230;all that glitters is gold</title>
		<pubDate>Wed, 12 Dec 2007 02:29:31 +0000</pubDate>
		<description><![CDATA[What does Led Zeppelin have to say about long/short funds?  Thankfully, you don't have to play Stairway to Heaven backwards to find out. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/11/theres-network-whos-sureall-that-glitters-is-gold/</link>
			</item>
	<item>
		<title>Vanguard moving to the, um, vanguard?</title>
		<pubDate>Tue, 11 Dec 2007 01:59:21 +0000</pubDate>
		<description><![CDATA[Passive mutual fund pioneer Vanguard seems to be launching a hedge fund in order to, well, stay on the vanguard.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/10/vanguard-moving-to-the-vanguard/</link>
			</item>
	<item>
		<title>November not the new August after all</title>
		<pubDate>Tue, 11 Dec 2007 01:00:57 +0000</pubDate>
		<description><![CDATA[We cook up some crazy theories here at AllAboutAlpha.com.  But this one seems to have actually been right.]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/10/november-not-the-new-august-after-all/</link>
			</item>
	<item>
		<title>Lipper predicts British mutual funds will be &#8220;increasingly influenced&#8221; by hedge fund fees</title>
		<pubDate>Tue, 11 Dec 2007 00:58:18 +0000</pubDate>
		<description><![CDATA[Thomson News reports today on a Lipper study of UK mutual funds that shows many have not implemented performance fees in the wake of regulatory liberalisation.  The following observation from Lipper illustrates why the seemingly benign and boring topic of fees is central to alpha-centric investing.
&#8220;As part of the wider industry phenomenon of differentiating between premium [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/10/lipper-predicts-british-mutual-funds-will-be-increasingly-influenced-by-hedge-fund-fees/</link>
			</item>
	<item>
		<title>Hold the Phone: Hedge Fund Industry now FOUR&#8230;trillion&#8230;dollars.</title>
		<pubDate>Mon, 10 Dec 2007 01:01:46 +0000</pubDate>
		<description><![CDATA[Another week, another increase in the reported size of the global hedge fund industry. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/09/hold-the-phone-hedge-fund-industry-now-fourtrilliondollars/</link>
			</item>
	<item>
		<title>An academic explanation for the disparity in hedge fund index returns</title>
		<pubDate>Mon, 10 Dec 2007 01:00:20 +0000</pubDate>
		<description><![CDATA[While the absolute disparity between various hedge fund indices is small, it is large relative to monthly results and is so heavily scrutinized as a "pulse" on the industry that some important context is required.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/09/an-academic-explanation-for-the-disparity-in-hedge-fund-index-returns/</link>
			</item>
	<item>
		<title>August Redux?  Some hedge fund indices lower and some higher than infamous month from hell</title>
		<pubDate>Fri, 07 Dec 2007 03:55:26 +0000</pubDate>
		<description><![CDATA[After a 2 month hiatus from the hedge fund deathwatch, the world is back at it again.  The first index to report was down almost as much as in August, but others show a variety of different results. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/06/august-redux-some-hedge-fund-indices-lower-but-some-higher-than-infamous-month-from-hell/</link>
			</item>
	<item>
		<title>Man Group CEO on lock-ups and alpha&#8230;</title>
		<pubDate>Thu, 06 Dec 2007 04:40:27 +0000</pubDate>
		<description><![CDATA[The CEO of one of the world's largest hedge fund companies told an audience yesterday that lock-ups lead to higher returns.  Fair enough.  But is it "alpha"? ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/05/man-group-ceo-on-lock-ups-and-alpha/</link>
			</item>
	<item>
		<title>Walking the (Beta) Line</title>
		<pubDate>Wed, 05 Dec 2007 01:00:16 +0000</pubDate>
		<description><![CDATA[Like Johnny Cash, are hedge funds also "walking the line" by staying true to their mandate to produce alpha?]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/04/walking-the-beta-line/</link>
			</item>
	<item>
		<title>Two more hedge fund industry estimates&#8230;</title>
		<pubDate>Wed, 05 Dec 2007 00:59:55 +0000</pubDate>
		<description><![CDATA[Last week, we reviewed a series of estimates for the size of the global hedge fund industry that pegged it anywhere between $1.25 trillion and $2.68 trillion a range of error that, if it were an annual GDP figure, would rank as the 11th largest economy in the world. 
Today, we add two new estimates to the list.  [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/04/two-more-hedge-fund-industry-estimates/</link>
			</item>
	<item>
		<title>Mutual fund company launches retail portable alpha funds based on &#8220;real&#8221; alpha</title>
		<pubDate>Tue, 04 Dec 2007 00:20:09 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2007/12/03/mutual-fund-company-launches-retail-portable-alpha-funds-based-on-real-alpha/</link>
			</item>
	<item>
		<title>Remember the days when $1.25 trillion was a lot of money?</title>
		<pubDate>Mon, 03 Dec 2007 01:00:28 +0000</pubDate>
		<description><![CDATA[Recent estimates of the size of the hedge fund industry are all over the board.  A lack of reporting standards is part of the problem.  But a cultural bias toward overestimation may also be involved.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/02/remember-the-days-when-125-trillion-was-a-lot-of-money/</link>
			</item>
	<item>
		<title>Edhec hedge fund replication research now online</title>
		<pubDate>Mon, 03 Dec 2007 00:59:13 +0000</pubDate>
		<description><![CDATA[Regular readers may recall this story we did on a research study by Edhec, the French business school, last spring.  The study contained a comprehensive analysis of various so-called hedge fund replication strategies.  At the time we directed you to Edhec if you wanted to buy the whole report since it wasn&#8217;t available to the [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/12/02/edhec-hedge-fund-replication-research-now-online/</link>
			</item>
	<item>
		<title>Survey reveals over half of European institutions are &#8220;convinced non-investors&#8221; in hedge funds</title>
		<pubDate>Fri, 30 Nov 2007 03:08:59 +0000</pubDate>
		<description><![CDATA[A survey by JP Morgan released this week shows that European institutions either love hedge funds or hate them.  Still, it suggests modest, but not outstanding, growth over the next few years.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/29/survey-reveals-over-half-of-european-institutions-are-convinced-non-investors-in-hedge-funds/</link>
			</item>
	<item>
		<title>Is the 130/30 price right?</title>
		<pubDate>Thu, 29 Nov 2007 01:00:18 +0000</pubDate>
		<description><![CDATA[Like contestants on the venerable game show, The Price is Right, institutional investors seem to be taking wild guesses at the right price for 130/30 funds.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/28/is-the-price-right/</link>
			</item>
	<item>
		<title>Alternative Viewpoints: &#8220;Liquidity Alpha&#8221;</title>
		<pubDate>Wed, 28 Nov 2007 01:00:58 +0000</pubDate>
		<description><![CDATA[If illiquidity demands fair compensation and hedge funds are relatively illiquid, does it follow that some of what might look like "hedge fund alpha" is really just an illiquidity premium? ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/27/alternative-viewpoints-liquidity-alpha/</link>
			</item>
	<item>
		<title>Is there alternative beta in alternative energy?</title>
		<pubDate>Tue, 27 Nov 2007 01:00:23 +0000</pubDate>
		<description><![CDATA[Does clean energy produce alpha?  When stacked up against the old-fashioned variety, it doesn't look like it (at least so far).  But is "dirty energy" even an appropriate benchmark?]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/26/is-there-alternative-beta-in-alternative-energy/</link>
			</item>
	<item>
		<title>Unscrambling the performance fee egg yields new insights into hedge fund returns</title>
		<pubDate>Mon, 26 Nov 2007 01:00:31 +0000</pubDate>
		<description><![CDATA[A new study suggests that some of the characteristics of hedge fund returns are not a result of their investment strategies, but are instead a result of their performance fee model.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/25/unscrambling-the-performance-fee-egg-yields-new-insights-into-hedge-fund-returns/</link>
			</item>
	<item>
		<title>Do individual hedge funds really contain so much beta?</title>
		<pubDate>Fri, 23 Nov 2007 01:00:38 +0000</pubDate>
		<description><![CDATA[One of our favorite institutional asset managers makes familiar argument this week about the high correlation between run of the mill betas and hedge fund indices.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/22/do-individual-hedge-funds-really-contain-so-much-beta/</link>
			</item>
	<item>
		<title>Suddenly, everyone is in &#8220;cap intro&#8221;</title>
		<pubDate>Thu, 22 Nov 2007 02:20:48 +0000</pubDate>
		<description><![CDATA[It appears prime brokerages are getting a little bored just making tons of money and are now moving into "capital introduction" (read: hedge fund sales) - using a variety of different business models. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/21/suddenly-everyone-is-in-cap-intro/</link>
			</item>
	<item>
		<title>S&#038;P follows CS into 130/30 index business</title>
		<pubDate>Wed, 21 Nov 2007 01:05:25 +0000</pubDate>
		<description><![CDATA[S&#038;P announced yesterday that they would offer a 130/30 "index" based on the firm's STARS stock-ranking methodology.  But what exactly is it an index of?]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/20/sp-follows-cs-into-13030-index-business/</link>
			</item>
	<item>
		<title>Casey Quirk&#8217;s Brave New ($12 trillion) World</title>
		<pubDate>Wed, 21 Nov 2007 01:03:46 +0000</pubDate>
		<description><![CDATA[Casey Quirk's September report on the future of money management is now available online.  It portends a "Brave New World" that, like the novel, is all about alpha. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/20/casey-quirks-brave-new-12-trillion-world/</link>
			</item>
	<item>
		<title>Deutsche Bank puts it all in perspective</title>
		<pubDate>Wed, 21 Nov 2007 01:01:24 +0000</pubDate>
		<description><![CDATA[If you're looking for a snapshot of the broader "alternative investment" universe, you might want to start with this recently released paper from Deutsche Bank about hedge funds, private equity, real estate and infrastructure.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/20/deutsche-bank-puts-it-all-in-perspective/</link>
			</item>
	<item>
		<title>Are restrictive regulations behind surfeit of &#8220;slightly positive results&#8221;?</title>
		<pubDate>Tue, 20 Nov 2007 01:00:36 +0000</pubDate>
		<description><![CDATA[Researchers tell us that there is a mysterious rash of "marginally positive results" in Hedgistan.  Now a new study says the situation is both mitigated and exacerbated by ill-conceived regulation.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/19/are-restrictive-regulations-behind-surfeit-of-slightly-positive-results/</link>
			</item>
	<item>
		<title>The mystery of &#8220;slightly positive results&#8221; in hedge funds and college basketball</title>
		<pubDate>Mon, 19 Nov 2007 01:47:40 +0000</pubDate>
		<description><![CDATA[Ever had a slight positive monthly return from your hedge fund?  If so, you're in good company.  In fact, a recent study reveals a mysterious surfeit of "slightly positive" returns across hedge funds. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/18/the-mystery-of-slightly-positive-results-in-hedge-funds-and-college-basketball/</link>
			</item>
	<item>
		<title>Hedge fund back-tests and beer labels: sales manipulation or important disclosure?</title>
		<pubDate>Fri, 16 Nov 2007 01:00:35 +0000</pubDate>
		<description><![CDATA[A major regulator released a report last week on fund sales practices.  Aside from eliciting the usual hedge fund bogey-man headlines, it raises tough questions about the ubiquitous "back-test". ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/15/hedge-fund-back-tests-and-beer-labels-sales-manipulation-or-important-disclosure/</link>
			</item>
	<item>
		<title>The investment consulting industry&#8217;s &#8220;giant sucking sound&#8221;</title>
		<pubDate>Thu, 15 Nov 2007 01:00:06 +0000</pubDate>
		<description><![CDATA[According to some, the institutional investment consulting industry is "in crisis".  In part, that's because asset managers are sucking up all the talent from consulting firms.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/14/the-investment-consulting-industrys-giant-sucking-sound/</link>
			</item>
	<item>
		<title>The Naked Hedge Fund</title>
		<pubDate>Wed, 14 Nov 2007 03:52:07 +0000</pubDate>
		<description><![CDATA[Like at the beach, "transparency" in the world of hedge funds has its opponents and advocates - its prudes and naturists.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/13/the-naked-hedge-fund/</link>
			</item>
	<item>
		<title>Fixed Income 130/30 comes out of hiding</title>
		<pubDate>Tue, 13 Nov 2007 01:01:51 +0000</pubDate>
		<description><![CDATA[After we wrote a posting last spring about 130/30 in the world of fixed income, the strategy seemed to go underground.  But it's poking its head back above the ground now.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/12/fixed-income-13030-comes-out-of-hiding/</link>
			</item>
	<item>
		<title>What do AllAboutAlpha.com, John Bogle and Robert Reich have in common?</title>
		<pubDate>Tue, 13 Nov 2007 01:00:08 +0000</pubDate>
		<description><![CDATA[Pension &#038; Investments, &#8220;The International Newspaper of Money Management&#8221; launched its new blog feature today, christening it the &#8220;Blog Bank&#8220;.  The Blog Bank currently contains 27 blogs selected by P&#038;I editors. 
And once again, AllAboutAlpha.com is ranked near the top of the list (okay, it&#8217;s alphabetical) - edged out by perennial winner, our good friend &#8220;Abnormal Returns&#8220;. 
Also [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/12/what-do-allaboutalphacom-john-bogle-and-robert-reich-have-in-common/</link>
			</item>
	<item>
		<title>The assets are falling!  The assets are falling!</title>
		<pubDate>Mon, 12 Nov 2007 03:06:47 +0000</pubDate>
		<description><![CDATA[It's deja vu all over again this month as one early-reporting database pronounces that hedge fund assets - at least in one category - shrank last month.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/11/the-assets-are-falling-the-assets-are-falling/</link>
			</item>
	<item>
		<title>130/30 Quant vs. Fundamental: Quants have a bigger spice cabinet</title>
		<pubDate>Mon, 12 Nov 2007 03:06:30 +0000</pubDate>
		<description><![CDATA[Fundamental managers may well catch up to quants in the 130/30 game.  But quant managers will always have one advantage: a bigger pantry.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/11/13030-quant-vs-fundamental-quants-have-a-bigger-spice-cabinet/</link>
			</item>
	<item>
		<title>A Shortage of Shorts?</title>
		<pubDate>Fri, 09 Nov 2007 02:38:48 +0000</pubDate>
		<description><![CDATA[Think you know the stock lending market?  130/30 fees?  Whether quants are better at 130/30?  How about whether portable alpha and 130/30 are cousins?  If so, you may be the only one.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/08/a-shortage-of-shorts/</link>
			</item>
	<item>
		<title>Convergence at The Rockefeller Center</title>
		<pubDate>Thu, 08 Nov 2007 03:59:55 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2007/11/07/convergence-at-the-rockefeller-center/</link>
			</item>
	<item>
		<title>Blogger&#8217;s Notebook: &#8220;Portable Alpha &#038; 130/30 USA&#8221;</title>
		<pubDate>Thu, 08 Nov 2007 03:59:35 +0000</pubDate>
		<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>
		<link>http://allaboutalpha.com/blog/2007/11/07/bloggers-notebook-portable-alpha-13030-usa/</link>
			</item>
	<item>
		<title>&#8220;Chicago Beta&#8221;</title>
		<pubDate>Wed, 07 Nov 2007 04:24:47 +0000</pubDate>
		<description><![CDATA[Apparently, there is something in the water in Chicago - and it's not just that disgusting green dye they dump in the river on St. Patrick's Day.]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/06/chicago-beta/</link>
			</item>
	<item>
		<title>Another 130/30 RFP&#8230;Anyone?&#8230;Anyone?&#8230;Bueller?</title>
		<pubDate>Wed, 07 Nov 2007 04:24:11 +0000</pubDate>
		<description><![CDATA[Another appeal has gone out for anyone with a three-year 130/30 track record.  But it appears that responses must continue to be a little thin. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/06/another-13030-rfpanyoneanyonebueller/</link>
			</item>
	<item>
		<title>New product re-defines &#8220;oxymoron&#8221;</title>
		<pubDate>Tue, 06 Nov 2007 01:00:01 +0000</pubDate>
		<description><![CDATA[A new index of active managers makes no sense to us.  A fund-of-funds, yes.  But a true "index"?  Could it possibly be a marketing ploy?]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/05/new-product-re-defines-oxymoron/</link>
			</item>
	<item>
		<title>Advisors Survey: Hedge funds are dead. Long live hedge funds!</title>
		<pubDate>Mon, 05 Nov 2007 02:25:32 +0000</pubDate>
		<description><![CDATA[An annual survey of investment advisors by Morningstar and Research Magazine suggests interest in alternative investments has crested and is now in decline.  Really?]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/04/advisors-survey-hedge-funds-are-dead-long-live-hedge-funds/</link>
			</item>
	<item>
		<title>First Quadrant challenges convention on short-extension strategies</title>
		<pubDate>Fri, 02 Nov 2007 03:00:58 +0000</pubDate>
		<description><![CDATA[In this guest posting, First Quadrant's Jia Ye says a short-extension strategy can certainly improve a manager's information ratio.  But she warns that 1X0/X0 may not always be a good thing. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/11/01/first-quadrant-challenges-convention-on-short-extension-strategies/</link>
			</item>
	<item>
		<title>It&#8217;s Halloween and you know what that means for some media outlets&#8230;</title>
		<pubDate>Thu, 01 Nov 2007 01:00:27 +0000</pubDate>
		<description><![CDATA[It's Halloween and you know what that means: spooky stories of haunted hedge funds and private equity slashers.  This year's tale is presented by the London Daily Telegraph.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/31/its-halloween-and-you-know-what-that-means-for-some-uk-media-outlets/</link>
			</item>
	<item>
		<title>&#8220;The more we get together, together, the happier we&#8217;ll be&#8230;&#8221;</title>
		<pubDate>Wed, 31 Oct 2007 02:51:15 +0000</pubDate>
		<description><![CDATA[A new report from KPMG says that "convergence" between traditional and alternative asset management is the major force shaping the industry today.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/30/the-more-we-get-together-together-the-happier-well-be/</link>
			</item>
	<item>
		<title>Update: Boston Hedge Sox</title>
		<pubDate>Wed, 31 Oct 2007 02:50:58 +0000</pubDate>
		<description><![CDATA[In a follow-up to our indepth investigation of the real reason behind the Red Sox&#8217;s ALCS victory, we now rest our case.  Here are Boston&#8217;s 2004 and 2007 post-season records:

 
 
 
 
 
 
 

]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/30/update-boston-hedge-sox/</link>
			</item>
	<item>
		<title>Updated 1X0/X0 leader board</title>
		<pubDate>Tue, 30 Oct 2007 01:48:16 +0000</pubDate>
		<description><![CDATA[According to a survey released today, 1X0/X0 has nearly doubled in six months - not a bad haul considering that institutional investors tend not to make a lot of investment decisions over the summer.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/29/updated-1x0x0-leader-board/</link>
			</item>
	<item>
		<title>Alpha, once beatified, now &#8220;beta-fied&#8221;</title>
		<pubDate>Tue, 30 Oct 2007 01:46:10 +0000</pubDate>
		<description><![CDATA[Hedge funds have traditionally eked out a living by exploiting market inefficiencies to deliver alpha.  But it seems that hedge funds have now also become an important source of "alternative beta".  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/29/alpha-once-beatified-now-beta-fied/</link>
			</item>
	<item>
		<title>Is previous research on hedge fund performance persistence &#8220;biased&#8221;?</title>
		<pubDate>Mon, 29 Oct 2007 01:29:18 +0000</pubDate>
		<description><![CDATA[Return "persistence" is a pre-condition for true alpha.  But this new study says hedge fund persistence is actually being measured incorrectly by many.   ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/28/is-previous-research-on-hedge-fund-performance-persistence-biased/</link>
			</item>
	<item>
		<title>Two ways to present &#8220;balance&#8221; in 130/30 discussion</title>
		<pubDate>Fri, 26 Oct 2007 01:00:43 +0000</pubDate>
		<description><![CDATA[Two articles this week aim to provide a "balanced" view of 1X0/X0 funds.  One because its analysis is dispassionate and one because it tries its darndest to create controversy.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/25/two-ways-to-present-balance-in-13030-discussion/</link>
			</item>
	<item>
		<title>Siegel: Carefully selecting &#8220;exotic betas&#8221; a worthwhile pursuit</title>
		<pubDate>Thu, 25 Oct 2007 01:00:51 +0000</pubDate>
		<description><![CDATA[AllAboutAlpha.com welcomes a special guest posting from one of the big names in institutional asset management, Laurence Siegel of the Ford Foundation.  Here's what he has to say about "exotic beta".]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/24/siegel-carefully-selected-exotic-betas-are-worthwhile/</link>
			</item>
	<item>
		<title>Paying Tribute to the Clones</title>
		<pubDate>Wed, 24 Oct 2007 02:38:17 +0000</pubDate>
		<description><![CDATA[France's Edhec business school published a succinct summary of hedge fund replication offerings last week.  It's well worth the read - especially if you're a Jedi knight.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/23/paying-tribute-to-the-clones/</link>
			</item>
	<item>
		<title>Study confirms hedge funds remain &#8220;a riddle, wrapped in a mystery, inside an enigma&#8221;</title>
		<pubDate>Tue, 23 Oct 2007 04:35:26 +0000</pubDate>
		<description><![CDATA[Today we take a closer look at a recent survey of hedge fund managers by Ernst &#038; Young.  Problem is, the more times we read it, the more confused we get.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/22/study-confirms-hedge-funds-remain-a-riddle-wrapped-in-a-mystery-inside-an-enigma/</link>
			</item>
	<item>
		<title>Red Sox comebacks explained&#8230;</title>
		<pubDate>Mon, 22 Oct 2007 04:51:07 +0000</pubDate>
		<description><![CDATA[Here's an explanation for Boston's dramatic comebacks that you probably haven't seen yet: it's the hedge funds.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/21/red-sox-comebacks-explained/</link>
			</item>
	<item>
		<title>Final dispatch from un-named hedge fund gathering in Boston</title>
		<pubDate>Mon, 22 Oct 2007 04:27:58 +0000</pubDate>
		<description><![CDATA[We conclude our coverage of this "no media" hedge fund conference in Boston with: post-Beijing distress, the "Flying Dutchman" and one half of the "Gilbert and Sullivan" of hedge fund research.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/21/final-dispatch-from-un-named-hedge-fund-gathering-in-boston/</link>
			</item>
	<item>
		<title>Second leg of the Boston hedge fund triathlon</title>
		<pubDate>Fri, 19 Oct 2007 04:11:29 +0000</pubDate>
		<description><![CDATA[Day two of the Boston hedge fund triathlon featured the Wayne Gretzky of finance, Fed Band-aids, and tips on forest fire prevention.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/18/second-leg-of-the-boston-hedge-fund-triathlon/</link>
			</item>
	<item>
		<title>Un-named Event: Power bars, the factor factor, the alpha meal plan, and the Mick Jagger of finance</title>
		<pubDate>Thu, 18 Oct 2007 02:45:49 +0000</pubDate>
		<description><![CDATA[Day one of the un-named hedge fund conference in Boston came to a conclusion after a marathon involving over 10 hours of Nobel laureates, hedge fund managers and mega-pensions.    ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/17/un-named-event-power-bars-the-factor-factor-the-alpha-meal-plan-and-the-mick-jagger-of-finance/</link>
			</item>
	<item>
		<title>&#8220;Absolute return&#8221; elite from around globe meet at un-named event&#8230;</title>
		<pubDate>Wed, 17 Oct 2007 03:46:16 +0000</pubDate>
		<description><![CDATA[Alpha Male provides occasional entertainment to crowds who have come to see Nobel laureates Harry Markowitz and Myron Scholes and other luminaries at this "strictly no media" hedge fund gabfest in Boston.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/16/absolute-return-elite-from-around-globe-meet-at-un-named-event/</link>
			</item>
	<item>
		<title>Perms are back in (Euro)Hedgistan</title>
		<pubDate>Wed, 17 Oct 2007 03:45:53 +0000</pubDate>
		<description><![CDATA["Permanent capital" is the ultimate dream of any investment manager.  Now hedge funds are doing something about it.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/16/perms-are-back-in-hedgistan/</link>
			</item>
	<item>
		<title>(Bilingual) Reader Mail:  Many managers &#8220;poorly equipped&#8221; for 130/30</title>
		<pubDate>Tue, 16 Oct 2007 01:00:06 +0000</pubDate>
		<description><![CDATA[A reader writes us today about the risks and challenges of 130/30 - in both English and in Chinese.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/15/bilingual-reader-mail-many-managers-poorly-equiped-for-13030/</link>
			</item>
	<item>
		<title>120-20 reaches mythical proportions?</title>
		<pubDate>Mon, 15 Oct 2007 01:17:17 +0000</pubDate>
		<description><![CDATA[Bruce Jacobs and Kenneth Levy, two of the finance world's most prolific authors on the topic of short-selling and long-short portfolios, have released a new article on 1X0/X0 (while Jacobs also stars in a recent webcast on the topic). ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/14/120-20-reaches-mythical-proportions/</link>
			</item>
	<item>
		<title>Canada: &#8220;Come for the gold, but stay for the alpha&#8221;</title>
		<pubDate>Fri, 12 Oct 2007 03:00:56 +0000</pubDate>
		<description><![CDATA[Hedge Funds World Canada - our third conference and third continent in three weeks.  We learn this week that if Canada had a tourism bureau for hedge fund investors, it would be busy telling people they came here for the wrong reasons. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/11/canada-come-for-the-gold-but-stay-for-the-alpha/</link>
			</item>
	<item>
		<title>Now Asia becoming AllAboutAlpha</title>
		<pubDate>Thu, 11 Oct 2007 01:00:19 +0000</pubDate>
		<description><![CDATA[Deutsche Bank hosted two derivatives conferences in Hong Kong and Singapore last week.  In Hong Kong, DB's CEO of Asia (ex-Japan) Colin Grassie told the packed audience that he was seeing "unprecedented demand" for derivatives.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/10/now-asia-becoming-allaboutalpha/</link>
			</item>
	<item>
		<title>Watson Wyatt: 130/30 breathing new life into asset management</title>
		<pubDate>Wed, 10 Oct 2007 03:34:10 +0000</pubDate>
		<description><![CDATA[In a webcast today (Tuesday), Watson Wyatt's Roger Urwin told listeners that 130/30 was a good idea, but that it could never replace hedge funds - which may not be so bad since he also said hedge funds were over-priced.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/09/watson-wyatt-13030-breathing-new-life-into-asset-management/</link>
			</item>
	<item>
		<title>What a difference a couple of months (and a few cups of coffee) makes</title>
		<pubDate>Tue, 09 Oct 2007 02:18:25 +0000</pubDate>
		<description><![CDATA[You'd be excused for thinking the hedge fund world was coming apart at the seams this summer.  But a sober second look at hedge fund coverage reveals that things aren't always as they initially seem.    ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/08/what-a-difference-a-couple-of-months-and-a-few-cups-of-coffee-makes/</link>
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		<title>New paper claims humans required to manage hedge funds</title>
		<pubDate>Mon, 08 Oct 2007 02:05:33 +0000</pubDate>
		<description><![CDATA[What's the difference between a hedge fund clone and a real hedge fund?  Humans, according to Boston University's Jonathan Treussard.  But how much human capital is too much?    ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/07/new-paper-claims-humans-required-to-manage-hedge-funds/</link>
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		<title>Alpha &#8220;Unleashed&#8221;</title>
		<pubDate>Fri, 05 Oct 2007 04:51:23 +0000</pubDate>
		<description><![CDATA[A new white paper from T. Rowe Price ties together portable alpha and alternative beta.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/04/alpha-unleashed/</link>
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		<title>The day 130/30 bought the farm</title>
		<pubDate>Thu, 04 Oct 2007 00:23:47 +0000</pubDate>
		<description><![CDATA[We buy the intuitive and academic rationale for 130/30 strategies.  But sometimes we wonder if "130/30" is becoming like ".com" - a name attached to anything in order to generate excitement. ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/03/the-day-13030-bought-the-farm/</link>
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		<title>World unfolding as it should</title>
		<pubDate>Tue, 02 Oct 2007 23:44:21 +0000</pubDate>
		<description><![CDATA[A new white paper by consulting firm Casey Quirk and a story in today's Investment News have a lot in common and show that that an alpha-centric world is unfolding before us.]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/02/world-unfolding-as-it-should/</link>
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		<title>Separate studies conduct returns-based analyses of Renaissance and Amaranth</title>
		<pubDate>Tue, 02 Oct 2007 01:17:03 +0000</pubDate>
		<description><![CDATA[Factor-based studies find that that Jim Simons' $26b RIEF fund may be nothing more than a handful of risk factors and that Amaranth's demise may have been quietly foreshadowed.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/01/separate-studies-conduct-returns-based-analyses-of-renaissance-and-amaranth/</link>
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		<title>EVENT: Finding alpha at the intersection of finance and technology</title>
		<pubDate>Mon, 01 Oct 2007 20:36:55 +0000</pubDate>
		<description><![CDATA[We cover a lot of financial events at AllAboutAlpha.com ranging from major international gatherings to private conferences hosted by industry leaders.  Most can be described as hard-core finance events.
But the event described below is truly unique in that it is about the intersection of finance and technology.  Financial blogs are just one example of the [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/10/01/event-finding-alpha-at-the-intersection-of-finance-and-technology/</link>
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		<title>AllAboutAlpha.com Partners with CAIA</title>
		<pubDate>Mon, 01 Oct 2007 01:51:58 +0000</pubDate>
		<description><![CDATA[As regular readers of AllAboutAlpha.com are aware, we aim to create a broad platform of discussion and dialogue.  As a result, guest postings are always encouraged.
Today, we are pleased to announce the launch of a partnership that we believe will further this goal of bringing other “voices” into this dialogue.  With the cooperation of the [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/30/allaboutalphacom-partners-with-caia/</link>
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		<title>Alternative Viewpoints: Being like Jesse James</title>
		<pubDate>Mon, 01 Oct 2007 01:46:36 +0000</pubDate>
		<description><![CDATA[CAIA Association member, Ryan Teal, says hedge funds ought to take inspiration from Jesse James when addressing hedge fund replication, "Do you want to be LIKE me?  Or do you want to BE me?"]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/30/alternative-viewpoints-being-like-jesse-james/</link>
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		<title>Kat rebuts itemized list of criticisms over his approach</title>
		<pubDate>Sun, 30 Sep 2007 11:46:58 +0000</pubDate>
		<description><![CDATA[At a conference last week, Professor Harry Kat of hedge fund replication fame presented a list of his specific rebuttals to 10 criticisms.  He added the audience's feedback to a new article on distributional replication.  ]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/30/kat-rebuts-itemized-list-of-criticisms-over-his-approach/</link>
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		<title>Why is Singapore so hot?</title>
		<pubDate>Fri, 28 Sep 2007 10:43:32 +0000</pubDate>
		<description><![CDATA[As Alpha Mail readers may recall, AllAboutAlpha.com is broadcasting on location this week from Singapore and Hong Kong. 
When Alpha Male and our extensive support staff arrive at any new location, we like to pay our respects to the local hedge fund dignitaries before getting down to business.  And today was no exception.  After a quick shower [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/28/why-is-singapore-so-hot/</link>
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		<title>Update: Morningstar finally puts on shorts</title>
		<pubDate>Fri, 28 Sep 2007 10:42:43 +0000</pubDate>
		<description><![CDATA[After apparently realizing that its existing mutual fund analysis techniques were ill-suited to long/short funds, Morningstar has added some important new data points to the overviews for these funds.]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/28/update-morningstar-finally-puts-on-shorts/</link>
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		<title>Hedge fund replicas did their job in August, unfortunately</title>
		<pubDate>Fri, 28 Sep 2007 10:40:29 +0000</pubDate>
		<description><![CDATA[Professor Bill Fung presented some interesting charts in Geneva showing the performance of various hedge fund replication strategies during the tumultuous summer months.
Unfortunately, it looks like hedge fund replicators replicated August pretty well.  Here is the game tape:

But what&#8217;s particularly striking about this performance graph, aside from the drawdown, is the dispersion between replication strategies in [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/28/hedge-fund-replicas-did-their-job-in-august-unfortunately/</link>
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		<title>Day Two in Geneva: black swans, a new way to clone and new research on persistence</title>
		<pubDate>Thu, 27 Sep 2007 06:05:18 +0000</pubDate>
		<description><![CDATA[Day 2 of Terrapinn's Hedge Fund Replication &#038; Alternative Beta conference in Geneva saw black swans, persistence and virgin beta.]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/27/day-two-in-geneva-black-swans-a-new-way-to-clone-and-new-research-on-persistence/</link>
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		<title>Overheard at the President Wilson</title>
		<pubDate>Wed, 26 Sep 2007 09:45:03 +0000</pubDate>
		<description><![CDATA[Here are a few more tidbits from the Hotel President Wilson here in Geneva&#8230;
&#8220;I&#8217;m thinking about launching an index fund of replicated hedge fund index funds!&#8221;
- John Godden, IGS Group, jokes about a fund of funds to replicate the replicators
&#8220;Alternative beta is like sex in high school.  Everyone talks about it, but no one is actually [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/26/overheard-at-the-president-wilson/</link>
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		<title>Hedge Fund Replication: Day One Re-cap</title>
		<pubDate>Wed, 26 Sep 2007 07:22:24 +0000</pubDate>
		<description><![CDATA[Day 1 of the Hedge Fund Replication &#038; Alternative Beta conference in Geneva was a rip-roaring juggernaut of financial excitement.  If you missed it, we've got all the gory details... ]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/26/hedge-fund-replication-day-one-re-cap/</link>
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		<title>Heard by the waters of Lake Geneva</title>
		<pubDate>Tue, 25 Sep 2007 09:10:55 +0000</pubDate>
		<description><![CDATA[Heard on the floor at Terrapinn&#8217;s &#8220;Hedge Fund Replication &#038; Alternative Beta&#8221; conference in Geneva so far today&#8230; 
&#8220;His trading process may be &#8220;naive&#8221;, but his fees sure aren&#8217;t!&#8221;
- Professor Harry Kat on the hedge fund replication strategy pursued by another well-known firm.
&#8220;The asset information submitted to any of the databases is absolutely useless.  How many of [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/25/heard-by-the-waters-of-lake-geneva/</link>
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		<title>Q-Group spring 2007 seminar summaries are (almost) all about alpha</title>
		<pubDate>Tue, 25 Sep 2007 06:44:27 +0000</pubDate>
		<description><![CDATA[The storied "Q-Group" of quant rocket scientists has recently posted the summary from its spring 2007 meetings.  We find that most of its 17 pages are dedicated to alpha-centric investing.]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/25/q-group-spring-2007-seminar-summaries-are-almost-all-about-alpha/</link>
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		<title>AllAboutAlpha.com news archive now open</title>
		<pubDate>Tue, 25 Sep 2007 06:42:42 +0000</pubDate>
		<description><![CDATA[Many AllAboutAlpha.com readers have asked us for old links from that scrolling news ticker you see above.  We update that section once or twice a week (note: it was updated today) and now, readers can just click &#8220;search news archive&#8221; at the left of your screen to see a listing of all the news items fit [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/25/allaboutalphacom-news-archive-now-open/</link>
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		<title>Tabb Group wins creative writing award</title>
		<pubDate>Tue, 25 Sep 2007 06:40:51 +0000</pubDate>
		<description><![CDATA[Today we are pleased to announce the winner of a new award we just made up for the most colourful executive summary in the history of alpha-centric investing.  This ditty from The Tabb Group, a consulting firm we mentioned yesterday, contains the following great lines:
&#8220;Like a hot knife through butter, or like Moses parting the Red [...]]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/25/tabb-group-wins-creative-writing-award/</link>
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		<title>Note to Cambridge Retirement Board: Good luck with that RFP&#8230;</title>
		<pubDate>Fri, 21 Sep 2007 01:00:16 +0000</pubDate>
		<description><![CDATA[A U.S. municipal employees' pension plan has issued a request for proposals to the 130/30 community.  The only problem is, barely anyone in the community actually qualifies to bid.]]></description>
		<link>http://allaboutalpha.com/blog/2007/09/20/note-to-cambridge-retirement-board-good-luck-with-that-rfp/</link>
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		<title>Check your junk mail filters - Our monthly email was sent out this Wednesday</title>
		<pubDate>Fri, 21 Sep 2007 00:59:42 +0000</pubDate>
		<description><![CDATA[Several subscribers to our monthly email update have complained that they aren&#8217;t receiving this regular list of most popular postings.  Apparently, new fancy-schmanzy junkmail filters think they&#8