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Our popular course Introduction to QuantLib Development will be taking place June 18-20th, 2018.

 

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All About Alpha wrote a new blog post titled Greenwich Associates on Exchange-Listed Options
Greenwich Associates has produced research, commissioned by the Options Industry Council, about the way institutional investors understand exchange listed options. Greenwich concludes that underperforming institutions, including pension plans and endowments, “should be considering investments in options strategies as a means to improve risk-adjusted returns.” Institutions not currently doing so mayRead More
5 hours ago
All About Alpha wrote a new blog post titled The All-Inclusive Buffet
By: Bill Kelly, CEO, CAIA Association We have all seen it. The Sunday brunch, the Caribbean vacation, or the cruise to nowhere or everywhere that touts the all-inclusive offer when it comes to food and drink. The behavioral aspects of these arrangements are common and predictable. More choice often yields toRead More
2 days ago
All About Alpha wrote a new blog post titled Private Debt and Impact Investors
A new study by the Symbiotics and GIIN research teams looks at private debt impact funds (PDIFs); that is, “independent investment vehicles that allocate on average more than 85% of their portfolios to private debt” and that look to the environmental and/or social impact their allocations will have.   The goalRead More
2 days ago
All About Alpha wrote a new blog post titled KPMG on Real Estate Funds
The outsourcing of fund administration tasks in real estate is not a new idea. But, as KPMG says in a new paper, the marketplace has been slow to take the administrators up on their offerings.  So it may still be the wave of the future even though it has aRead More
5 days ago
All About Alpha wrote a new blog post titled Operating Expenses, Strategies, and Scale
Meketa Investment Group has issued a paper on the state of hedge fund operating expenses, the point of which is to offer actual and potential fund investors and their managers alike a benchmarking tool. By definition operating costs are those costs associated with day-to-day operations and the needs of anRead More
7 days ago
All About Alpha wrote a new blog post titled A Microfinance Fund for Central Java, Indonesia
Blossom Finance, an investment consultancy that describes its business model as “commercial financing with social benefits,” announced recently open enrollment for an Islamic microfinance fund designed to bolster micro-businesses and traditional market sellers in the province of Central Java, Indonesia. This will be a crypto-currency infused fund: participants can investRead More
9 days ago
All About Alpha wrote a new blog post titled Distressed Digital Exchanges as Buyout Targets
Tanzeel Akhtar has written a story for BraveNewCoin in which she discusses the availability of distressed digital exchanges as a means by which large companies can cheaply gain their own toeholds in the cryptocurrency world. Surely, risk arbs in the world of alternative investment will find this paper a valuableRead More
12 days ago
All About Alpha wrote a new blog post titled Crowdfunding in the Absence of Liquidity Constraints
A forthcoming issue of the Journal of the European Economic Association will carry a study arguing that crowdfunding in the absence of liquidity constraints is a superior method of equity financing–superior to “traditional financing forms,” that is, unless those traditional financiers are fully competitive and perfectly informed.  By one estimate,Read More
14 days ago
All About Alpha wrote a new blog post titled The CBOE and VIX: The Appearance of Manipulation
On April 23, 2018, the chairman and the president of the Chicago Board Options Exchange issued an open letter to address concerns that the CBOE Volatility Index (VIX) is subject to manipulation. There were at least two incitements behind this letter. First, its authors, Chairman Ed Tilly and President ChrisRead More
16 days ago
All About Alpha wrote a new blog post titled Thoughts on the European Regulation on Short Selling
A new paper by Marco Dell’Erba and Giovanni Patti takes a look at a recent crisis involving the stock of the Monte dei Paschi di Siena (MPS), as a way of studying the pragmatics of the European Regulation on short selling (SSR). Dell’Urba is affiliated with the New York UniversityRead More
19 days ago
All About Alpha wrote a new blog post titled Revising the ICAPM to Reflect Effects of Style Investing
A recent paper by Michael Stutzer, of the University of Colorado at Boulder, Leeds School of Business, suggests that the intertemporal version of the capital asset pricing model (ICAPM) needs some revision in light of the market dominance of style investors. A more full statement of that might be: itRead More
21 days ago
All About Alpha wrote a new blog post titled The Role Dividends Can Play in International Equity Investing
Summary Dividend yielding stocks can make a meaningful contribution to a portfolio in international markets as well as domestic. Higher returns are not always associated with higher risk. High dividend investing has been beneficial over most years and investment horizons. An emphasis on dividends appears to contribute across cycles, sectorsRead More
22 days ago
All About Alpha wrote a new blog post titled China-US Trade War and Other Worries
The Eurekahedge April 2018 report says that hedge funds were down in the first quarter of the year (-0.13%). This is the industry’s worst performance since Q1 2016. The steepest performance-based losses by regional mandate were those of the North American funds, they lost $1.2 billion. Meanwhile, asset inflows remainedRead More
23 days ago
All About Alpha wrote a new blog post titled WisdomTree on the Success of its Rate-Hedge Agg Suite
The path to higher rates has not been a smooth one, but interest rates in the United States are now higher than they have been since the global financial crisis and they may well become higher than they are now. What should traders or investors do about this? How toRead More
26 days ago
All About Alpha wrote a new blog post titled What Constitutes Price Manipulation?
The two commissions that serve as market enforcers in the United States, the Commodity Futures Exchange Commission and the Securities Exchange Commission, agree on a lot. (As, indeed, one would hope, since there work has considerable overlap.) One of the points on which the commissions have general agreement is theRead More
28 days ago
All About Alpha wrote a new blog post titled Too Big Too Frail 
By Bill Kelly, CAIA CEO The most intractable challenges in society, and life, sometimes subsist in a state of duality. The size and scale of the downside are enormous and almost paralyzing if allowed into our daily psyche. Sometimes however, especially in life, we have finely tuned coping mechanisms that we allow in to keep these thoughts in check. This mental recalibration can be a good thing, especially when put intoRead More
30 days ago
All About Alpha wrote a new blog post titled AIMA’s Vision Statement from Hedge Fund Industry Leaders
Some of the leading figures in the alt investment industry have put their dignified heads together and created a vision statement, called “Perspectives: Industry Leaders on the Future of the Hedge Fund Industry.” The gist of the paper is that firms in the industry are quickly adapting to contemporary conditionsRead More
30 days ago
All About Alpha wrote a new blog post titled DON’T FEAR THE ROBO!
By Diane Harrison Technology advances have infiltrated every corner of finance, including the world of wealth management. While few can argue with the positives of automated, algorithm-based portfolio management platforms, the advent of the cost-efficient, dispassionate robo-advisor has struck fear into the heart of many a financial advisor and fundRead More
33 days ago
All About Alpha wrote a new blog post titled Oil Price Shocks and Economic Growth
The U.S. is withdrawing from a multilateral agreement with Iran that was aimed at dissuading the Iranian regime from further progress toward nuclearization. In the meantime, the U.S. and its allies have bombed Syria in retaliation for that country’s chemical attacks on its people, and a shake-up in the topRead More
33 days ago
All About Alpha wrote a new blog post titled Understanding the Surge in Appraisal Remedies
A new paper by Alexandros L. Seretakis takes a comparative look at appraisal rights in the United States and the European Union, noting along the way that this familiar legal protection mechanism for minority shareholders has become quite high-profile in recent years. Appraisal rights have given rise to “a newRead More
35 days ago