Mon, Aug 29, 2016
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

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new