Thu, Apr 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: Alternative entrepreneurs are generating alpha

Wednesday, July 17, 2013

amb
Andrew Cohan
This article was authored by Andrew Cohan, founding member and portfolio manager at Macoma Capital Group, an opportunistic direct investing/special opportunities partnership specifically tailored for large family offices.

In today’s challenging hunt for alpha, investors are finding that entrepreneurial channels can provide novel ways to outperform institutional alternatives. Investors need performance and diversification from their alternative investments, yet the ability to source and obtain both goals has become harder to accomplish in the sector. But investors take note: there are success stories. Entrepreneurs exist who are achieving results, but their visibility is limited due to small size, a lack of analyst coverage, and investor reluctance to commit money to a new enterprise. Those willing to seek alpha where it is found can take advantage of some interesting opportunities through these 'under the radar’ performers.

The issues impacting return generation are numerous and well-documented, ranging from pervasive and protracted governmental quantitative easing in the wake of 2008, extensive lowering of leverage use across strategies, aggressive governmental probes into trading practices, and systematic reforms in proprietary trading. Additionally, structural instability in equities both in the US and abroad has led to market volatility which has eroded returns, compounded by protracted low interest ......................

To view our full article Click here

Banner
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: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo