Hedge Funds

Arbitrage

Why hair care is better than quantitative analysis. When I first heard the term statistical arbitrage, I thought it was a joke. The kind...

Something Else

Why alternatives to equites and bonds are hard to find. Nothing beats the S&P 500 at a time when central banks have pumped trillions and...

Lessons in Love

What are the big takeaways from a very strange year in the markets? It has been more than a year now that COVID-19 has taken over the...

The Big Short

How Reddit and Robinhood became like a swarm of locusts. The whole idea of speculating on prices falling seems wrong from the outset....

Readers' Request: Hedge Funds Part II

We received a lot of feedback on our recent post – Hedge Funds, Alpha and The Holy Grail. Thank you very much to all our avid readers and...

Hedge Funds, Alpha and The Holy Grail

It is amazing how much conjecture the term “hedge fund” can evoke. Nowhere else in finance is there more confusion and debate about what...

What Actually is Alpha? Revisited

Our astute readers will remember that we wrote on the subject of alpha a few months ago What Actually is Alpha? But as we wake up to a...

What Actually is Alpha?

I first came across the term ‘alpha’ in the mid-nineties. A trader from one of the convertibles trading teams told me he was very...

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