Fri, Aug 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

First quarter AIMA Journal reviews hedge fund regulatory change worldwide

Tuesday, March 19, 2013

Beverly Chandler, Opalesque London: The latest edition of the AIMA Journal includes a comprehensive review of all the regulatory and policy news relating to the hedge fund industry worldwide.

The cover story is a piece by Simon Savage, Risk Specialist, GLG Partners, and Paul Gibson, Chief Tactical Writer, Man Group, entitled 'Cultivating skill in a world lacking in genius’. Here, the writers address the subject of the wealth of academic research that has been conducted with the sole objective of refuting the value of active management. "Many such studies seek only to demonstrate what basic mathematics already tells us. If participation in capital markets is a zero-sum game in which one can only profit at the expense of another, it is obvious that active management per se cannot beat the market" the authors write.

"However, this does not preclude the possibility of the best managers outperforming on a consistent basis. Consequently, it is far more objective to question why most fund managers fail to outperform the market and to use this as a basis for determining the infrastructure, support and culture that can and does promote the generation of above average investment returns."

Based on their analysis, the writers believe there are three main reasons that account for underperformance in investment management.

Also in this issue of the AIMA Jo......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by