Active Alpha: A Portfolio Approach to Selecting and Managing by Alan H. Dorsey PDF

By Alan H. Dorsey

ISBN-10: 0471791326

ISBN-13: 9780471791324

Compliment for lively Alpha"Active alpha is the search for each refined investor. This publication covers all the key alpha assets at present mined via lively managers, reduces the complexity of the topic, and is helping the investor start within the correct direction."-Mark Anson, leader government Officer, Hermes Pensions administration Ltd."Long-held conventional tools for making an investment huge portfolios are giving method to new tactics which are designed to enhance productiveness and diversification. those alterations locate their locus within the occasionally overly mysterious global of absolute go back thoughts. during this e-book, Alan Dorsey demystifies that new global and offers a guiding pathway into the way forward for specialist portfolio administration. this can be a massive learn for any investor who plans to prevail going forward."-Britt Harris, leader funding Officer, instructor Retirement method of Texas"With nice lucidity, Alan Dorsey's e-book, lively Alpha, fills an enormous void by means of picking the suitable institutional beneficial properties of this advanced topic and by way of offering a unifying analytic framework for realizing and developing portfolios of other resources. For someone making an investment within the substitute type, from the recent pupil to the skilled practitioner, lively Alpha is an important learn. i'm recommending it to all people i do know with such an curiosity, and it's destined to develop into a far thumbed reference on my shelf."-Steve Ross, Franco Modigliani Professor of economic Economics, Sloan university, MIT

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Additional info for Active Alpha: A Portfolio Approach to Selecting and Managing Alternative Investments (Wiley Finance)

Sample text

In some cases, the exposure to hedge funds dealing in these areas will act as a hedge for the liabilities entered into by the insurance companies. In other cases, they will provide redundant risk exposures. Accordingly, the use of factor analysis and security transparency are becoming vital for insurance companies seeking to evaluate their alternative investment exposures. Penetration and Rate of Adoption of Alternative Investments by Investors Aggregate information on alternative asset investing by pension plans and endowments and foundations is readily available through surveys conducted by research firms.

With such leadership, an alternative investment program stands a much better chance of staying on course over the long term. Continuity of leadership further facilitates institutional memory throughout the inevitable turnover of oversight committee members and organizational regime change. The Role of Portfolio Management The management of multiasset-class portfolios that utilize alternative investments requires fidelity to process, yet flexibility to alter course through the use of tactical measures.

Transparency into techniques for portfolio construction and ongoing measurement of risks, leverage, and factor exposures in a portfolio are mandatory in any manager assessment. 32 ALTERNATIVE INVESTMENTS AND INVESTORS Similarly, is it crucially important to evaluate staff qualifications and experience for conducting security selection, portfolio construction, and risk management pertaining to a portfolio of assets. Additionally, due diligence into the individuals’ backgrounds must be conducted.

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Active Alpha: A Portfolio Approach to Selecting and Managing Alternative Investments (Wiley Finance) by Alan H. Dorsey

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