Private Equity Firms Snapping Up IBDs
These are tough times for the independent broker-dealer space. Pacific West’s announcement in early December that it was discontinuing operations was the latest in a string of similar announcement from small to medium size firms.
ING Sells Three B/Ds
On November 3, ING said it had agreed to sell three of its U.S. broker/dealers that comprise the ING Advisors Network to Lightyear Capital LLC,...
Venture Populist: The Death of Equities?
[This is the first installment of a new monthly feature in Investment Advisor. Longtime advisor, deal-maker, and alternative-investments observer Jeff Joseph will explore in the...
The Search for Portable Returns
Portable alpha is the more widely known--and sought--form of investment returns, but endowments, which tend to be in the vanguard of developing investment trends, have...
Fidelity has them. So does Vanguard. But once you look beyond those goliaths, mutual funds with performance fees are a rare breed. That's disappointing news...
How Unique Is Your Strategy?
A money manager who claims to make alpha returns is in effect claiming to have a special approach that's very hard to duplicate. Otherwise, why isn't everybody else getting those extra profits? Truth is, much of what hedge funds do can be learned and imitated. Indeed, recently a mutual fund...
Hedge Fund Strategies in Mutual Funds
Rydex funds sport low correlation to traditional investments
Portable Alpha Investing
Institutions seeking better risk-adjusted returns are increasingly employing a portable alpha approach, in some cases using this method to invest with multistrategy hedge fund managers...
How GM and CTA Strategies Play Out
Last month, we examined some of the characteristic differences between global macro (GM) and managed futures programs offered by commodities trading advisors (CTAs): two directional-biased...
Global Macro and CTAs Attract Assets
As advisors become more sophisticated applying non-correlated hedge fund strategies, those who adopt a core-satellite portfolio approach to their absolute return allocations are demonstrating increased...