alpha

Hedge Funds

Tap hedge funds for better beta

So-called alternative hedge-fund beta allows investors to gain the returns generated by hedge-fund strategies without the pressures of finding alpha, says Fama family professor of finance at the University of Chicago Booth School of Business, Tobias Moskowitz. Moskowitz says there are three components to hedge fund returns: alpha, or the unique skills of managers; broad […]
Investment Strategy

Editors Pick #1

Wealth managers get “hands on” to justify fees – Financial Times Britain’s financial services sector paid out £14bn in bonus – The Telegraph UK Financial advisers accused of “ripping off” pension savers – The Telegraph UK US: Private label ETFs for advisers – FA Many ways to count inflation: What’s a financial adviser or retiree […]
Investment Strategy

Hermes taking over the world, one boutique at a time

Hermes Fund Managers, the investment management arm of the BT Pension Scheme (BTPS) in the UK, is following the lead of OMERS in Canada and QIC in Australia by branching beyond the province of its principal client with the aim of being a funds manager for pension funds globally. Hermes’ head of investment, Saker Nusseibeh, […]
Investment Strategy

Hermes taking over the world, one boutique at a time

Hermes Fund Managers, the investment management arm of the BT Pension Scheme (BTPS) in the UK, is following the lead of OMERS in Canada and QIC in Australia by branching beyond the province of its principal client with the aim of being a funds manager for pension funds globally. Hermes’ head of investment, Saker Nusseibeh, […]
Investment Strategy

How hedge fund managers answer liquidity and stability concerns

The hedge fund industry has been reinventing itself in the past two years and, notwithstanding massive redemptions as the credit crunch spread throughout markets, managers are looking to bring revamped and new strategies to the market. Most of the changes look to address major criticisms of hedge funds during the crisis, namely transparency, ownership stability […]
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