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The Portable Alpha Handbook 2008
Euromoney Institutional Investor, Jan 2008, Pages: 56
‘Portable alpha’ has been among the most popular catch-phrases within the institutional investment community over the past several years. Despite this newfound popularity, the theory of isolating alpha and porting it onto beta has been in existence for several decades. The implementation and delivery methodologies have simply evolved to an extensively higher level of efficiency. We begin by discussing the appeal of portable alpha strategies in the current environment and beyond, and the important role hedge funds can play as a provider of alpha. We then take up a more technical discussion of important issues to consider how to effectively execute this investment strategy. The main focus here will be the idea that traditional asset allocation implementations are fundamentally constrained from achieving the greatest return per unit of total risk. These fundamental, active management constraints being grouped into two broad categories: alpha/beta separation and the long-only constraint. Finally, we will demonstrate how packaging a portfolio of hedge fund returns into a portable alpha structure may improve a portfolio’s risk/return characteristics.
by Mesirow Advanced Strategies, Inc.
The phenomenon of portable alpha continues to go from strength to strength and is a hugely debated investment strategy in today's financial world. This is why it has never been so important to keep up with the very latest portable alpha innovations, trends and debates that are changing on an ever-frequent basis. The Portable Alpha Handbook will fulfil this mission on an annual basis, providing a round-up of the year's most thought-provoking issues and looking towards the future of this exciting concept. Growing on the success of last year's first edition, this edition continues to offer incisive perspectives from a carefully selected editorial board of excellence, each presenting their own take on portable alpha, including articles on an alternative route for active portfolio management, the challenges of portable alpha implementation, plus many more exclusive contributions.
How this book will help buyers avoid costly mistakes
- Articles are written by leading professionals in the field so you can rely on the information being up-to-date and authoritative. Articles written by insiders from this dynamic sector ensures that our editorial is relevant and represents only the issues that matter.
- Includes perspectives from key organisations such as the International Association of Financial Engineers
- Contains a specialist directory of contributors containing direct contact details for our editorial board of experts
- Guidance on new approaches will help you understand their impact and opinion articles will give you advanced warning of future trends, giving you time to adjust your strategy
- Articles written by insiders ensure that our editorial style is straightforward, relevant and highly perceptive
- Strategic advice will help you develop and implement appropriate solutions to regulatory concerns
- A unique product – the first annual Portable Alpha reference source
- Will help you react directly to the challenges and opportunities posed by a global investment phenomenon
Target Market
- Pension funds and insurance companies
- Endowments, family offices and private banks
- Funds of hedge funds and hedge funds
- Asset managers
- Investment banks and investment consultants
Contributors:
- AP7
- Feri Institutional Advisors
- IGS Group Ltd.
- Invesco
- Mesirow Advanced Strategies, Inc.
- Northern Trust Global Investments
- World Bank
- Yanni Partners
Customers who bought this item also bought
The Hedge Funds & Alternative Investments Handbook 2008
Hedge Funds and Managed Futures: The Handbook for the Institutional Investor
The Portable Alpha Handbook 2008
The Hedge Funds Handbook 2005
The Asset Management & Trading Handbook 2006 / 2007
Hybrid Capital Handbook 2007/08
Hedge Funds For Dummies
Handbook of Alternative Assets, 2nd Edition
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