THE CASE FOR REPLICATION OF MANAGED FUTURES HEDGE FUNDS20191205095358
THE CASE FOR REPLICATION OF MANAGED FUTURES HEDGE FUNDS
December 5, 20190 comments
Factor-based replication of managed futures hedge funds may solve the two principal issues with investing in the space. First, replication of a portfo...
Understanding The Key Landmines In Liquid Alternatives20191004143610
Understanding The Key Landmines In Liquid Alternatives
October 4, 20190 comments
A version of this first appeared in Absolute Return here Investors are understandably frustrated with liquid alternatives. The average liquid alternat...
Should Fundamental Investors Own Managed Futures Today?20190909174403
Should Fundamental Investors Own Managed Futures Today?
September 9, 20190 comments
Like most of you, I am a fundamental investor at heart. I started my career in the hedge fund business working for famed value investor Seth Klarman (...
Rethinking Managed Futures in a Low Fee World20190708012104
Rethinking Managed Futures in a Low Fee World
Managed futures as a strategy (before high hedge fund fees) has delivered strong performance since 2000 – higher returns than equities with far lower ...
The practitioner’s guide to investing in managed futures20190619052608
The practitioner’s guide to investing in managed futures
Plenty of white papers extoll the diversification benefits of investing in managed futures strategies. Those papers principally highlight long-term s...
Generation two liquid alternatives20180912213647
Generation two liquid alternatives
Executive Summary Generation One liquid alternatives suffered from three issues: poor performance, high fees and/or unpredictable results. Dissatisf...
Six Reasons To Replicate Hedge Funds20180611110106
Six Reasons To Replicate Hedge Funds
In this recent article in AlphaWeek, Beachhead Capital’s Andrew Beer makes the case for hedge fund replication and describes how replication str...
NYSSA Keynote Presentation: Emerging Hedge Funds: Today versus 200620161013154035
NYSSA Keynote Presentation: Emerging Hedge Funds: Today versus 2006
In his keynote address to the New York Society of Security Analysts (NYSSA), Andrew Beer shared his views on launching a hedge fund in today’s environ...
The Trouble with Alpha: Part I20160623124038
The Trouble with Alpha: Part I
Investors equate “alpha” to outperformance. A high alpha fund presumably delivers substantial excess returns relative to its benchmark. True alpha is...
The Rise of Populism and the Fall of Economies20160616163624
The Rise of Populism and the Fall of Economies
Recent election cycles in the U.S. and Europe have seen the ascendance of political parties whose platforms are significantly shaped by populist initi...