Some welcome news out of McKinsey on the growth of the alternatives industry: The Mainstreaming of Alternative Investments Fueling the Next Wave of Growth in Asset Management
-Institutional investors to have 25% of portfolios in alternatives by end of 2013
-Growth of alternatives in retail market
-Increasing shift from relative benchmarks to absolute return
-Traditional asset managers move to [...]
Discussion of the Shell pension fund’s decision to begin to allocate to hedge funds.
Latest Editorial Board contribution to All About Alpha, the official CAIA blog.
From Today’s FT
June 3, 2009
FT.com / UK – Hedge fund industry climbs its ’slope of enlightenment’.
I have been talking about the evolution of the industry for some time.
I have pulled out the last 4 paragraphs. Excellent summary of the state of the industry and the path forward.
From 2002 until late 2007, a growing wave of [...]
How Pension Placement Agent Exploited Political Ties (Update1) – Bloomberg.com.
May 18, 2009
Kudos to Bloomberg to an excellent review of where we are with the placement agent model and the use of the politically connected to make introductions.
- Apparently the well-connected politically – democrats mostly – have spent their time in the wilderness riding the alternative [...]