| 02.07.2014 Other Voices: Tactical alpha and persistence in hedge fund returns |
| This article was authored by Andrew Beer, founder of Beachhead Capital Management LLC in New York. A vexing issue with hedge funds is the lack of persistence of returns. Last year’s winners generally are no more likely to be this year’s. Consequently, while quantitative screening tools help investors to identify strong historical performance, they are of little use in determining which funds w |