The Myth of Portable Alpha

There is a decent piece in the N.Y. Times today on the myth of “portable alpha” (juicing an ordinary stock or bond index with something that (theoretically) increases returns) in hedge fund portfolio construction. About the only thing that’s truly portable in money management is fees on a fool’s money.

Related posts:

  1. The Dark Side of Social Networks
  2. The Hedge Fund Chimera
  3. It’s Good to be Hedge King
  4. Fund Managers Under-performance
  5. The Hedge Fund Bubble

Comments

  1. Ed says:

    Here’s my two cents on “portable alpha”:
    http://ddo.typepad.com/ddo/2005/08/portable_alpha.html
    I think it tells people what they need to know, only a little more directly than the NYT.