underlying

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

JANA halves hedge fund fees, reins in risk with managed accounts

JANA Investment Advisers believes identifying the beta drivers in hedge fund returns has enabled it to halve fees in the notoriously expensive asset class, as the consultant recommended clients allocate as much as 15 per cent of their portfolios to the strategies. Michael O’Dea, portfolio manager of JANA’s Triplepoint hedge fund-offunds (hedge FoFs), said investors […]
Investment Strategy

JANA halves hedge fund fees, reins in risk with managed accounts

JANA Investment Advisers believes identifying the beta drivers in hedge fund returns has enabled it to halve fees in the notoriously expensive asset class, as the consultant recommended clients allocate as much as 15 per cent of their portfolios to the strategies. Michael O’Dea, portfolio manager of JANA’s Triplepoint hedge fund-offunds (hedge FoFs), said investors […]
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