alpha

Asset Classes

Fees kill alpha from hedge funds

Many hedge fund portfolios perform well before costs but fall into negative alpha after charges are levied, Canadian firm CEM Benchmarking's analysis of nearly 400 large investors has found.

Amanda WhiteJune 14, 2018

Industry events

GPIF insists on paying only for alpha

Hiro Mizuno, CIO of the world's largest investor, told the CFA conference that in exchange for multi-year commitments its mandates would now claw back fees when firms don't reach alpha targets.

Amanda WhiteMay 21, 2018

FIS Oxford 2018

Bridgewater urges investors to get real

Investors need to face the reality of lower returns and adjust their portfolios accordingly, the co-CIO of hedge-fund giant Bridgewater said.

Sarah RundellApril 27, 2018

Asset Allocation

AP3 demands more from hedge funds

The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.

Sarah RundellMarch 28, 2018

Asset Allocation

LD innovates on equities, fees

Danish pension fund Lønmodtagernes Dyrtidsfond has embraced innovation, introducing four buckets for a more dynamic equities portfolio and co-investing with peers to get top value for fees.

Amanda WhiteJune 13, 2017

Opinion

Dangers, and opportunities, lie ahead

Against a backdrop of geopolitical tumult, Mercer’s Phil Edwards outlines four developments investors will need to consider when building and adjusting their portfolios for the year ahead.

Phil EdwardsJanuary 27, 2017

Asset Classes

Fees kill alpha from hedge funds

Industry events

GPIF insists on paying only for alpha

FIS Oxford 2018

Bridgewater urges investors to get real

Asset Allocation

AP3 demands more from hedge funds

Asset Allocation

LD innovates on equities, fees

Opinion

Dangers, and opportunities, lie ahead

California State Teachers Retirement System (CalSTRS)

Government of Singapore Investment Corporation (GIC)

AP Fonden 4 (AP4)

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