Tuesday, 16 September 2014
Last updated 8 hours ago
Feb 5 2013 | 2:29am ET
AQR Capital Management chief Clifford Asness is chiding his peers over the fees they charge.
Echoing George Soros' recent criticism that high hedge fund fees will make it difficult for the industry to keep pace with the broader markets, but in an even more biting way, Asness told Financial News, "Most hedge fund strategies are more about very competent implementation and fair fees and terms than they are about 'genius.'"
"Hedge funds generally offer a nice portfolio (gross of fees!) of passive beta, alpha, and a middle ground we call hedge fund beta or style premia," Asness continued. "But, unfortunately, managers like to charge fees as if it's all alpha."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?