Sat, Nov 28, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November