correlation

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 […]
Hedge Funds

Infrastructure allocations below 3 per cent “meaningless”

While infrastructure as an asset class has been embraced by pension funds in Europe and Australia alike, in the US it is still a nascent concept. The difference is largely down to a lack of privatisation in the US, where infrastructure historically has been provided by local and state government. In North America, funds such […]
Hedge Funds

Infrastructure allocations below 3 per cent “meaningless”

While infrastructure as an asset class has been embraced by pension funds in Europe and Australia alike, in the US it is still a nascent concept. The difference is largely down to a lack of privatisation in the US, where infrastructure historically has been provided by local and state government. In North America, funds such […]
Hedge Funds

The case for hedge fund betas: lessons learned about correlations

US-based quant shop AQR Capital has helped pioneer the notion of hedge fund beta as an investable product. With first-year performance numbers now in, GREG BRIGHT spoke with the firm’s managing and founding principal, Cliff Asness. Cliff Asness has been talking about hedge fund beta for some years. He wrote a paper about it, with […]
Hedge Funds

The case for hedge fund betas: lessons learned about correlations

US-based quant shop AQR Capital has helped pioneer the notion of hedge fund beta as an investable product. With first-year performance numbers now in, GREG BRIGHT spoke with the firm’s managing and founding principal, Cliff Asness. Cliff Asness has been talking about hedge fund beta for some years. He wrote a paper about it, with […]
Investment Strategy

AMP Future Directions to treble alternatives

The AMP Capital Investors ‘Future Directions’ diversified funds have “come off the sidelines” on alternative investments, with investment director Sean Henaghan flagging a build-up to 15 per cent over the next two years. Henaghan declared that potential returns on alternative investments were finally compensating the long periods of illiquidity they demanded, and revealed that Future […]
Investment Strategy

AMP Future Directions to treble alternatives

The AMP Capital Investors ‘Future Directions’ diversified funds have “come off the sidelines” on alternative investments, with investment director Sean Henaghan flagging a build-up to 15 per cent over the next two years. Henaghan declared that potential returns on alternative investments were finally compensating the long periods of illiquidity they demanded, and revealed that Future […]
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