Alternative Investment Analyst Review (AIAR) - Archive

  • Editor’s Letter: A Framework for Risk Analysis of Alternative Assets
  • Adding Alpha by Subtracting Beta: A Case Study on How Quantitative Tools Can Improve a Portfolio’s Returns
  • Volatility and the Alchemy of Risk: Reflexivity in the Shadows of Black Monday 1987
  • Market Timing: Opportunities and Risks
  • Designing the Future of Target-Date Funds: A New Blueprint for Improving Retirement Outcomes
  • 2017 Endowment vs. Public Pension Returns
  • Interview with Hye Young Jeong
  • The CAIA Endowment Investable Index
  • The List: Alternative Indices
  • Editor's Letter - How to Evaluate the Performance of Alternative Assets
  • Alternative Premia, Alternative Price
  • What Rising Rates Mean for Hedge Fund Returns After Fees
  • Private Equity: Manager Selection, Portfolio Construction, and Outperformance
  • Asset Allocation in a Low Yield Environment
  • Forecasting a Volatility Tsunami
  • Alts Transparency: Finding the Right Balance
  • Private Debt in an Institutional Portfolio
  • De-Risking Concentrated Stock Positions
  • The CAIA Endowment Investable Index
  • The MSCI Global Intel Report - Building Targeted Real Estate Portfolios
  • Editor's Letter - Past Performance Can Help You Create a Winning Private Fund Portfolio
  • Investing Like the Harvard and Yale Endowment Funds
  • Offshore Property Investing: Thoughts on the Investment Process
  • Patience Premium
  • The Rise of Unicorn Funds: Examining the Supply of Private Growth Capital
  • Investing in an Overvalued Market and Tail-Risk Hedging
  • Should DC Plan Sponsors Add Private Equity to Target-Date-Funds?
  • Pershing Square, Ackman and CP Rail: A Case of Successful “Activism"?
  • The Merits and Methods of Multi-Factor Investing
  • The CAIA Endowment Investable Index
  • MSCI Global Intel Report - Propery Income Risk & Performance
  • Editor's Letter - Stock Market Myths: High P/E ratio, Volatility Tsunami & Share Buybacks
  • Revisiting the Role of Alternatives in Asset Allocation
  • Factor Investing in South Africa
  • Momentum: A Practitioner’s Guide
  • More than Just a Second Risk Number: Understanding and Using Statistical Risk Models
  • Ranges and Rebalancing
  • Performance Attribution in Private Equity: A Case Study of Two North American Pension Funds
  • Applying an Enterprise Risk Management (ERM) Framework to Fund Governance
  • Including Investment Process Technologies within Operational Due Dilligence
  • From Theory to Practice: The Collaborative Model for Investing in Innovation and Energy
  • (R)Evolution of the Regulatory Landscape in the UK
  • The CAIA Endowment Investable Index
  • VC-PE Index
  • The MSCI Global Intel Report
  • A Simple Approach to the Management of Endowments
  • Hedge Fund Investment Philosophy
  • The Effects of Responsible Investment: Financial Returns, Risk Reduction and Impact
  • Equity Markets Valuation Using CAPE
  • ESG in Infrastructure
  • Shifting Australia's Infrastructure Mindset to the Long Game
  • Brexit and it's Impact on Cross-Border Activity in Europe
  • Challenging Pension Funds Model Portoflios with LPE
  • A Review of Term Structure Estimation Methods
  • Can Non-Accredited Investors Find and Invest in the Next Unicorn
  • VC-PE Index
  • The MSCI Global Intel Report
  • Understanding the Systemic Risk of a Multi-Asset Portfolio
  • Hedge Fund Compliance: Risks, Regulation, and Management - New Book Excerpt
  • Long-Termism Versus Short-Termism: Time for the Pendulum to Shift?
  • The Freedom to Innovate in Complete Safety: A Regulatory Renewal to Promote Tomorrow’s Growth
  • Interview with Anurag Sharma
  • Do Alpha Have Betas?
  • Future of Fintech in Capital Markets
  • VC-PE Index, Bison Global Benchmarks
  • The MSCI Global Intel Report
  • You Could be Wrong Even When You are Right!
  • Bison Global Benchmarks
  • Dynamic Asset Allocation as a Response to the Limitations of Diversification
  • Hedge Fund Investing: A Conversation with Kevin Mirabile
  • Understanding the Kelly Capital Growth Investment Strategy
  • Assessing Risk of Private Equity: What’s the Proxy?
  • New Evidence on Whether Gold Mining Stocks Are More Like Gold or Like Stocks
  • The Persistence of Smart Beta
  • Introductory Guide to Investing in Private Equity Secondaries
  • The MSCI Global Intel Report
  • Why Have Hedge Funds Underperformed?
  • An Introduction to Green Bonds
  • Inflation Hedging Abilities of Indirect Real Estate Investments in Switzerland
  • Studying Financial Disruption: Bubbles and Crashes – An Interview with Didier Sornette
  • The Ins and Outs of Investing in Illiquid Assets
  • Black Ice: Low-Volatility Investing in Theory and Practice
  • Concentrated vs. Diversified Managers: Challenging What You Thought You Knew About “High Conviction”
  • VC-PE Index
  • The MSCI Global Intel Report
  • Chasing Winners: The Appeal and the Risk
  • The Practicalities of Allocating to Smart Beta
  • The Blended Approach to Real Estate Allocations: Performance Implications of Combining an Exposure to German Spezialfonds with Global Listed Real Estate Securities
  • Quantifying CTA Risk Management
  • Cash Management Strategies for Private Equity Investors
  • A Note on Direct Investing in Private Equity
  • Aligning Alternatives with Portfolio Objectives: A Framework for Integrated Portfolio Management
  • Interest-rate Swaps: Hedge or Bet? A Case of Canadian Universities
  • VC-PE Index
  • The IPD Global Intel Report
  • Pioneering the Alternative Beta Space
  • Catastrophe Bonds: An Important New Financial Instrument
  • Extending Rules-Based Factor Portfolios to a Long-Short Framework
  • Patient Capital, Private Opportunity: The Benefits and Challenges of Illiquid Alternatives
  • Tactical Timing of Low Volatility Equity Strategies
  • Risk Parity Strategies at a Crossroads, or, Who’s Afraid of Rising Yields?
  • Master Limited Partnerships
  • VC-PE Index
  • The IPD Global Intel Report
  • Alternative Beta: Redefining Alpha and Beta
  • OPEC Spare Capacity, the Term Structure of Oil Futures Prices, and Oil Futures Returns
  • Mebane Faber on ETFs
  • The Time Has Come for Standardized Total Cost Disclosure for Private Equity
  • The Hierarchy of Alpha
  • Private Market Real Estate Investment Options for Defined Contribution Plans: New and Improved Solutions
  • M&A Activity: Where Are We In the Cycle?
  • Nowcasting: A Risk Management Tool
  • VC-PE Index
  • The IPD Global Intel Report
  • On the Possible Impact of a Commodity Transaction Tax on India’s Commodity Derivatives: An Empirical Study
  • Why is the Shiller CAPE So High?
  • CAPE Around the World: The Relationship Between Risk and Return
  • Introduction and Table of Contents
  • Crowdfunding: A Threat or Opportunity for University Research Funding?
  • An Alternative Take on Alternatives: Not Just Adding a Slice, But Rethinking the Whole Pie
  • The IPD Global Intel Report
  • VC-PE Index
  • IR&M Momentum Monitor
  • Reducing Your Reliance on Risk Models: Another Look at Active Share
  • Seeking Fully Investable and Optimized Exposure to Alternative Assets
  • Adaptive Investment Approach
  • Kathryn Kaminski, CAIA, on Trend Following with Managed Futures
  • Comparing Three Generations of Commodity Indices: New Evidence for Portfolio Diversification
  • Beyond Venture Capital: An Innovative Approach for Investment in New Ventures and Projects
  • Procyclical Behavior of Hedge Funds: A Portfolio Manager and Investor’s Perspective
  • The Hedge Fund Conundrum: Are Funds Meeting Investor Expectations or Not?
  • IR&M Momentum Monitor
  • VC-PE Index
  • The IPD Global Intel Report
  • Retooling In-House Investment Teams Inside Institutional Investors: Three Perspectives on the Shift Towards Direct Infrastructure Investment
  • How to Lose Money in the Financial Markets: Examples from the Recent Financial Crisis
  • Hedge Fund Lifecycle
  • Private Equity and Value Creation in Frontier Markets: The Need for an Operational Approach
  • What is Money? From Commodities to Virtual Currencies/Bitcoin
  • IR&M Momentum Monitor
  • VC-PE Index: A Look at Private Equity and Venture Capital as of Q1 2014
  • CTAs: Which Trend is Your Friend?
  • Bob Swarup, CAIA, on Money Mania
  • Comparing First, Second, and Third Generation Commodity Indices
  • The Hidden Cost of Liquidity: How Alternatives Can Reward Long-Term Investors
  • Alternatives Reality
  • Why Venture Capital Will Not Be Crowded Out By Crowdfunding
  • IR&M Momentum Monitor
  • VC-PE Index: Where Does Private Equity Performance Stand at Year End 2013?
  • What is Portfolio Diversification?
  • Private Equity Financing of Technology Firms: A Literature Review
  • Alternative Beta Strategies in Commodities
  • “The Valley of Opportunity”: Rethinking Venture Capital for Long-Term Institutional Investors
  • Growing Wealth in a Complex World
  • IR&M Momentum Monitor
  • The Case for Investing in Non-Traded REITs
  • Oil Price Drivers and Movements: The Challenge for Future Research
  • Impact of the Recent Regulatory Changes on the UCITS CTA Market
  • Statistical Arbitrage and High-Frequency Data with an Application to Eurostoxx 50 Equities
  • The Resiliency of the U.S. Futures Industry
  • IR&M Momentum Monitor
  • Introduction and Table of Contents
  • Understanding Drawdowns
  • Liquid Real Assets
  • Crude Oil Price Forecasting Techniques: a Comprehensive Review of Literature
  • Alternative Inflation Hedging Portfolio Strategies: Going Forward Under Immoderate Macroeconomics
  • The Next Wave of Futurization
  • Operational Risk Management in Practice: Implementation, Success Factors and Pitfalls
  • Exploring Global Infrastructure
  • Investment Considerations in Illiquid Assets
  • Investing in Infrastructure
  • Timberland Investing in the US: What You Need to Know Now
  • Investing in Private Equity
  • Volatility, Non-Randomness or Non-Linearity: What Drives Portfolio Returns In Times of Stress and Dislocation?
  • RealVol Futures Overlay On an S&P 500® Portfolio
  • What a Difference a Day, Week, Month Makes – The Convertible Arbitrage Case Across Economic Environments
  • Risk Parity for the Long Run
  • Tail Risk Literature Review
  • Long Term Investors, Tail Risk Hedging, and the Role of Global Macro in Institutional Portfolios
  • A Comparison of Tail Risk Protection Strategies in the US Market
  • Tales from the Downside
  • Where Academics/Practitioners Get It Wrong
  • Who Sank The Boat?
  • Measuring Systemic Biases in Real Estate Returns
  • Hedge Fund Seeding: A Compelling Alternative
  • IPD Global Cities
  • The Outlook for Alternative Investments
  • Risk, Return, and Cash Flow Characteristics of Private Equity Investments in Infrastructure
  • Investing in Distressed Debt
  • The Wisdom of the Right Crowd: Service Provider Choice
  • What We Like about Closed-End Funds that Trade at a Discount
  • Attribution Analysis of Bull/Bear Alphas and Betas
  • Rising Stars of Public Funds
  • Setting the Benchmark: Spotlight on Private Equity
  • All About Parity
  • 20 years of VIX: Implications for Alternative Investments
  • The Risk Reducing and Income Enhancing Buy-Write Strategy