Commentary: Hedge fund land – an expensive amusement park?
August 15, 2017 01:00:00 AMHedge funds have been criticized for pricey fees and other issues, but they still have a role in portfolio construction — just don't get taken for a ride.
The year of alpha, taking active risks
April 05, 2010 01:00:00 AMIf 2009 was about beta capture in investing, this year should be about capturing alpha.
Looking at asset allocation through the lens of liquidity
February 08, 2010 12:00:00 AMLooking back at 2008-2009 and looking forward to 2010, pension funds and other institutional investors have begun to consider “macro buckets” of risk exposure that take into account liquidity.
Proxy access reinforces the capitalist way
November 16, 2009 12:00:00 AMIf the third time is a charm, investors might luck into proxy access.
SEC oversight could end fantasy game for private equity, hedge funds
October 19, 2009 01:00:00 AMIn the fall of every year, fantasy football leagues establish playing fields all across the U.S., and even (gasp!) Europe. If I were playing fantasy football, I would make the SEC my top draft pick.
Changing the way to construct portfolios
September 21, 2009 01:00:00 AMInflation is like an unwelcome houseguest — it's hard to get rid of once it arrives. And it has implications for the way portfolio construction should change to be oriented to achieving an investment outcome.
New shareholder in town could muddy the governance waters
August 10, 2009 01:00:00 AMA quote from Graham and Dodd in the first edition of their path-breaking book, “Security Analysis,” describes the essence of corporate governance. They made this statement in the middle of the Great Depression when shareholder rights were scarce and underutilized.
Last chance power drive on the hedge fund highway
July 13, 2009 01:00:00 AMFASB's accounting alchemy
June 15, 2009 01:00:00 AMFAS 157 is the new accounting rule that applies to corporations, investment managers, private equity managers and banks. But pressured by lawmakers, the Financial Accounting Standards Board added a little accounting alchemy of its own.
Godzilla vs. King Kong
April 06, 2009 01:00:00 AMIn good times, also known as bull markets, investors are happy and money managers seem like geniuses or clairvoyants. But these are not good times. As a result, institutional investors are reviving the great debate between active investing and passive investing.
One-two punch to pension funds
January 22, 2009 12:00:00 AMIn 2008, pension funds were hit hard by declining Treasury rates and declining asset classes. The long recovery will likely include cutting equity allocations.
Portable alpha: what went wrong
December 22, 2008 12:00:00 AMBeyond the disturbing impact of the current recession, questions are now being raised about an asset management strategy designed to enhance the performance of pension fund investments portable alpha.
The impending TARP tax hikeand its impact on tax-exempt investors
November 24, 2008 12:00:00 AMPresident-elect Obama has stated that he will make the U.S. economy his No. 1 priority. He will inherit the $700 billion bailout package passed by Congress and a virtually inevitable need to raise taxes to support it.
What do we do now?
September 29, 2008 01:00:00 AMThe ongoing credit and liquidity crisis in the U.S. and globally has produced some amazing results.