Mon, Sep 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Allocators push back on risk parity criticisms, fund size at CAIS

Monday, February 12, 2018

Bailey McCann, Opalesque New York for New Managers:

Market commentators have been quick to blame "the machines" as a reason for the market's recent sell-off, prompting a harsh rebuttal from AQR's Cliff Asness earlier this week. Where Asness and others were effectively defending their books as much as quants can, today they got support from some of the world's biggest allocators at the Cayman Alternative Investment Summit. And, their thoughts could be good news for emerging managers.

"I don't think risk parity is a big enough part of the market to move the market in this way. We are invested in these managers - when I left the office this week we had $95.7billion. I checked the P&L this morning and we still have $95.7 billion," Alberta Investment Management Corporation's Eric Pedde said from the stage during the allocators panel.

AIMCO, as a pension, invests heavily in quant funds as part of its alternative and core equities allocations.

Pedde was supported by other panelists including Don Raymond, Managing Partner and Chief Investment Officer at Alignvest Investment Management who added that quant as a term refers to a range of......................

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. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. Investing: Fiat Chrysler attracts more investment from hedge fund manager[more]

    From Autonews: Chase Coleman's Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles after more than doubling its position in the automaker since the end of June. The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global inc

  3. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  4. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  5. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi