History is Repeating Itself with Trends in Smart Beta20161020103100

History is Repeating Itself with Trends in Smart Beta

October 20, 2016News
(or, Why the Quality Factor Will Disappoint Investors)In this article in HFMweek, Beachhead’s managing member, Andrew Beer, talks about the quality factor and concludes that, rather than reflect a new risk premium, it is more likely the statistical validation of a long-term convergence of growth and...
ETFs Offer Hedge Fund Returns, Without The Fees20161013122632

ETFs Offer Hedge Fund Returns, Without The Fees

October 13, 2016News,
The following interview with Andrew Beer appeared in the October, 2016 issue of ETF Report.  In this exchange, Beer explains how Beachhead evaluates long/short strategies and replicates hedge funds using ETFs.Introduction:While many hedge fund strategies can deliver great performance, sky-high manag...
Should you ignore financial academic research?20161012134208

Should you ignore financial academic research?

October 12, 2016News
Excerpted text from Andrew Beer’s article in Investment Europe today:Marketers like nothing more than to pitch a product “grounded in decades of academic research.”  The implication is that objective academics have dispassionately studied market phenomena to uncover canonical truths.  In theory, thi...
Risk Premia: Theory vs. Reality20161011171222

Risk Premia: Theory vs. Reality

October 11, 2016News
In a recent issue of Hedge Fund Intelligence, Beachhead Capital Management’s Andrew Beer explains why the theory of risk premia investing is complicated in practice. Click here to register and access the full article, or contact us for additional information...
P&I Article: What every allocator needs to know about hedge fund replication20161006125224

P&I Article: What every allocator needs to know about hedge fund replication

October 6, 2016News,
From guest contributor Andrew Beer:In the current heated debate on hedge funds, there's no middle ground. You're either pro or con, in or out, red or blue.But this is, frankly, stupid. Hedge fund proponents make legitimate points about diversification, but fail to acknowledge where they've been flat...
Liquid Alternatives: What Happened and What Comes Next?20160928141828

Liquid Alternatives: What Happened and What Comes Next?

September 28, 2016News
Earlier today, Andrew Beer moderated a panel discussion on liquid alternatives with Jerry Pascucci, Managing Director, Head of Alternative Investments at UBS and Robert Martorana, Director of Research at Dover Financial Research.  This NetMeeting, "Liquid Alternatives: What Happened and What Comes N...
This tiny hedge fund has an incredible track record, and outsiders can’t understand how20160922123907

This tiny hedge fund has an incredible track record, and outsiders can’t understand how

September 22, 2016News
Andrew Beer provides skeptical comments on hedge fund highlighted in Business Insider that almost never loses money:As for BlackBox, the performance is eye-catching, and it caught the people we asked about it by surprise. "Some of the best minds on Wall Street trade in these markets, and no one has ...
The alternative alternative ETF20160915172916

The alternative alternative ETF

September 15, 2016News,
In a recent interview in Wealth Adviser, Andrew Beer describes in detail how Beachhead Capital’s Dynamic Beta Strategy differs from smart beta ETFs and explains why the strategy is a viable option for institutional investors and consultants in search of an “alternative” alternative allocation for th...
Low-Fee ETFs Can Be a Form of Alpha, Says Beachhead Capital’s Andrew Beer20160713152656

Low-Fee ETFs Can Be a Form of Alpha, Says Beachhead Capital’s Andrew Beer

July 13, 2016News
In a recent interview with Bloomberg, Andrew Beer shares his view on hedge fund replication and describes in detail how the Equity Hedge Dynamic Beta strategy utilizes a handful of ETFs to give investors exposure to the 40 largest equity hedge fund managers, without the standard 2-and-20 fee structu...
The Hypocrisy That’s Turned Hedge Fund Activists Into Billionaires20160711113825

The Hypocrisy That’s Turned Hedge Fund Activists Into Billionaires

July 11, 2016News
By Andrew Beer, guest contributor to Forbes.comHedge fund activists have attracted hundreds of billions of dollars in investor capital over the past decade with a strategy to bring accountability into corporate boardrooms. Prominent funds have taken on corporate icons ranging from Microsoft and DuPo...