AllAboutAlpha
A Quick Pour from Capital Decanted: Will Artificial Intelligence Replace the Investment Professional?
By Claire Sawyer, Associate Director of Content Development, CAIA Association
The Duration Makeover of Private Market Performance Measurement
By Massimiliano Saccone, CFA, Founder & CEO, XTAL Strategies
For many years, the definition of private market performance seemed inevitably reduced to hazardous time-weighting approximations. The calculation hurdle of the presence of interim cash flows looked insurmountable, so much so that, in the private markets, it became perfectly acceptable to neglect the basic rules of performance analysis and comparison.
Listed Real Estate in Emerging Markets: Opportunities in Brazil and Greece
by David Moreno, CFA, Indexes Manager, EPRA
Rethinking Portfolio Objectives for Institutional Investors
By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programming, CAIA Association
The Multi-Period Conundrum of Private Market Performance Metrics
By Massimiliano Saccone, CFA, Founder & CEO, XTAL Strategies
One of the useful legacies of the now-vacated SEC’s Private Fund Advisers Rule[i] is a clear and current definition of the purpose of reported performance. Performance metrics should allow investors:
Prototype to Profitability: How Digital Assets Capture Value
By Max Williams, Co-Founder & COO, Runa Digital Assets
A Quick Pour from Capital Decanted: Multi-Strategy Investment Firms—the Future Convergence of Public and Private Offerings
By Claire Sawyer, Associate Director of Content Development, CAIA Association
Separating Bargains from Busts: Five Steps to Evaluate Private Equity Secondaries
By Madison Murphy, Associate, FS Investments
& Daniel Wilk, CAIA, Executive Director and Client Portfolio Manager, FS Investments
An Era's Tour of Private Equity
By Claire Sawyer, Associate Director of Content Development, CAIA Association
Net Lease & Private Credit: A Complementary Allocation
By Justin Arasin, Head of Capital Formation and Product Development, US Realty Advisors
& David Grazioli, Managing Partner, US Realty Advisors
Alternative Assets for Swiss Pension Funds
By Andreas Rothacher, CFA, CAIA, Head of Investment Research at Complementa AG
Swiss pension fund landscape and regulation of alternative assets
Relative Comparisons in Private Equity: A Cautionary Tale
By Matt Curtolo, CAIA
The world is replete with relative comparison. Certainly, in our social lives, we are often ‘keeping score’ of our ‘performance’ when compared to others. In 1954, psychologist Leon Festinger developed the theory of social comparison, which is the idea that individuals determine their own social and personal worth based on how they stack up against others.
The Layman’s Guide to Volatility Forecasting: Predicting the Future, One Day at a Time
By Anthony Barchetto, CFA, Founder and Chief Executive Officer of Salt Financial, a leading provider of index solutions and risk analytics for investment advisors, fund sponsors, investment banks, and insurance carriers.
Predicting the Future, One Day at a Time
Why Everybody in the Lower 48 Needs an Alaskan Trust
By Morgan D Neff, Senior Vice President and Wealth Management & Trust Director, First National Bank of Alaska.
Alaska is not California. Alaska has no state income tax, capital gains tax, estate tax, or gift tax.
Most states don’t allow you to protect your assets in a trust and retain beneficial interest even if it is irrevocable.
When Adding Is Subtracting
By Michael A. Ervolini, Distinguished Fellow, FactSet Research Systems, Inc.
Behavioral Matters is a series of essays on the application of Behavioral Finance written specifically for professional investors and portfolio managers.
"Good decisions come from experience. Experience comes from making bad decisions.” - Mark Twain
For OCIOs, Returns are not Performance. Be Cautious if Using GIPS to Compare.
By Brian A. Schroeder, the founder of OCIO Monitor, a specialty consulting firm that provides due diligence of investment consultants and outsourced chief investment officers.
Breaking Down the “Magic” of Portfolio Diversification
By Blake Curtis of Wilshire Advisors.
A common catchphrase used to explain the importance of diversification is “Don’t put all your eggs in one basket.” This analogy of spreading risk is intuitive: One basket might break, one might be stolen, and one might end up in cold storage with a lost key. The eggs and baskets do well to illustrate the power of diversification to reduce risk but may not fully do the term justice.
Holdings-Based vs. Returns-Based Analysis: Deciphering the Best Method for Forecasting Fund Risk Profiles
By Vincent Weber, CEO and Co-founder of Resonanz Capital, a specialized investment advisory firm managing approximately $6 billion in assets under advisory (AuA) spanning hedge funds.
Are you equipped to navigate the complexities of forecasting fund risks in actively managed portfolios? Discover whether Holdings-Based or Returns-Based Analysis offers the most reliable insights into a fund's risk profile.
Beating the Dealer with Passive Alpha
By Ben Macmillan, co-founder and Chief Investment Officer of IDX and Joshua Myers, Director of Analytics and Head of Trading for IDX.
Summary:
