ALTERNATIVE INVESTMENT NEWS
Don’t blame hedge funds for world’s woes
May 2, 2010
There is a famous scene in Don Quixote by Miguel de Cervantes when our hero attacks windmills that he imagines to be giants. The idiom "tilting at windmills" is derived from this scene, and is used to illustrate the folly of attacking imaginary enemies.
The phrase was used by Treasury...
Last night CAIA Canada tipped its hat to another curriculum component with its 2010 Timber Talk in the aptly oak-paneled dining room of the Cambridge Club in downtown Toronto. Speaking was Tim Cayen, Director of Business Development with Hancock Timber Resource Group and Eva Greger, Managing Director with GMO Renewable Resources LLC.
Both...
Institutions Turning to Timberlands
Investors in non-traditional asset classes seek good returns and relatively low correlation. Less volatility helps.
Timberland fits the bill thanks to one unique characteristic: "trees grow." That lets investors ride out price fluctuations while trees mature into higher-value products. ... (read more)
Citi Adds to Hedge Fund Operation
March 28, 2010
Citigroup has expanded its up and coming hedge fund servicing team by adding 13 new hires to its Global Prime Finance Group in London and New York. ... (read more)
Flows to Equities and Hedge Funds Likely to Rise
April 26, 2010
A survey carried out by AsianInvestor and Clifford Chance finds...
Another milestone for the CAIA Association was reached this April when twenty-four CAIA Members came to Amherst to participate in the tenth semi-annual CAIA Grading Jamboree. At this event, graders participate in training, then grade essay responses for the Level II examinees. "I look forward to the grading experience and welcome the invitation...
In 2003, when the first Chartered Alternative Investment Analyst (CAIA) exams were offered, just 79 financial professionals worldwide registered. Although the number was not significant, the exams were a milestone for the year-old CAIA Association
Today, just seven years later, the CAIA designation has grown to be the global mark of...
Today we bring you part 2 of Erik Einertson’s special to AllAboutAlpha.com “The Five face of Alpha”...
Alpha #2: Insurance Beta
The second type of “Alpha” often found in the market can be referred to as insurance beta or Informationless Investing (Weisman 2002). This type of exposure has persistent tilts towards strategies that have an insurance...
Special to AllAboutAlpha.com by: Erik Einertson, CFA, CAIA, First Quadrant, L.P.
Following the asset crash of 2008 and the strong rebound of 2009, much has been made about the failure of alpha to remain uncorrelated to beta. We saw the collapse of some strategies of “alpha” that had produced fantastic risk-adjusted returns throughout the previous...
AMHERST, Massachusetts—The Chartered Alternative Investment Analyst Association (CAIA) today announced the opening of registration for the September 2010 CAIA Level I and Level II examinations. The Association expects more than 3,000 candidates to register for the self-study exams that will be administered at testing centers throughout the...
The CAIA Boston Career Management panel, held last week on March 25th, was sold out -- standing room only, with close to 80 people there for a lively and frank discussion! While attendance at our events has historically been strong, I was a bit nervous that our migration from "free to fee" would dampen enthusiasm and attendance. Happily...
High on the wall in the dining room of Toronto’s historic Albany Club hangs an imposing painting of Canada’s first Prime Minister, John A. Macdonald. Like many famous portraits from the 19th century, it appears as though Macdonald’s eyes actually follow you as you move around the room.
Yesterday, “Sir John A.” as he is...
Introducing the Opalesque Video Series
Craig Asche, Executive Director at the CAIA Association
Craig Asche, Executive Director at the CAIA Association, discusses why education is key for alternative investments today, and why those who’ve undertaken the program and achieved CAIA membership possess the core competencies to select, manage, and...
Hedge Funds Lure More Cash From Pensions as Gap Looms
February 25, 2010
State and large corporate pensions, underfunded by almost $1 trillion, are increasing their hedge-fund bets after a lull at the end of 2008. ... (read more)
Mack Says Hedge Funds Driving Up Bank Pay
February 25, 2010
Morgan Stanley Chairman John Mack believes investment...
Special to AllAboutAlpha.com by: Aquico Wen, CPA, CFA, Chief Investment Officer & Young Chow, CFA, CAIA, Quantitative Analyst, Esemplia Emerging Markets
Advocates of “short-extension” or “alpha-extension” strategies such as 130/30 funds often point out that traditional long-only managers are only able to bet against a stock by as much as that...
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