The past year has been one of the most difficult investing environments for high active share strategies since the financial crisis. In a nutshell, cheap money and accommodative central bank policy around the globe has artificially inflated both correlations and valuations in equity markets. The result is a dissipation in the relative valuation of bad […]
Blow up risk is one of the most important and difficult investor risks to manage. It comes in two flavors – manager blow up risk and market blow up risk. Diversification is the best way to mitigate over concentration in a manager or investment product but diversification presents its own set of challenges. What products […]
We take a definitive look at hedge fund holding periods. We analyze holding periods for all Form 13F disclosed securities as well as for those held with high conviction. We also look at whether the length of a manager’s holding period is predictive in any way to the efficacy of following their holdings.
The very nature of making investment decisions is difficult – an investor can only evaluate an investment based on historical returns and/or credibility. Yet both of these attributes are poor predictors of what the investor is actually paying for – future performance. Combine this with the fact that there are nearly 30,000 investment products to […]
It might not have been obvious, but you're now leaving the AlphaClone.com site and going to the AlphaCloneETFs.com site, which provides more information on our ETF products. The government really wanted us to tell you that.Got it