Saturday, 27 December 2014
Last updated 3 days ago
Mar 10 2008 | 11:05am ET
Credit Suisse is turning to a trio of academics to give their investors alpha without actually investing in hedge funds. The firm’s Beta Strategies group has formed a partnership with hedge fund and alternative beta research specialists William Fung, David Hsieh and Narayan Naik to develop alternative beta strategies to replicate the risk and return characteristics of hedge fund strategies.
Fung and Hsieh, of the London Business School, and Naik, of Duke University, are widely recognized as pioneers in researching the fields of alternative beta and hedge fund replication, having explored these topics from an academic perspective since 1994.
“Institutional investors demand a detailed understanding of the return sources in their portfolios and are willing to substitute alternative beta factors through cost-effective replication strategies,” Oliver Schupp, head of Beta Strategies at CS, said.
“This new investment approach may ultimately allow investors to tactically adjust their portfolios to lower the expense ratio, enhance liquidity, hedge long positions and obtain a desired correlation.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.