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Introduction to QuantLib Development - Intensive 3-day Training Course - September 10-12th, 2018 - Download Registration Form Here

 

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All About Alpha wrote a new blog post titled EY Reports on Alternative Investments and Artificial Intelligence
The twelfth annual report of what used to be known as the EY Global Hedge Fund Survey has been re-christened the EY Global Alternative Fund Survey. As it has under the earlier name, EY again records the views of fund managers and investors around the globe on a wide rangeRead More
7 days ago
All About Alpha wrote a new blog post titled Panayiotis Lambropoulos: The View from a Public Pension Manager’s Office
On Nov. 13, the 24th Annual National Pension and Institutional Investment Summit convenes in Dallas Texas. CAIA is a sponsor of this event. Panayiotis Lambropoulos, portfolio manager of hedge funds at the Employees Retirement System of Texas, will offer his insights at a panel on emerging hedge fund managers. Lambropoulos’Read More
9 days ago
All About Alpha wrote a new blog post titled Altman: 30 Years of Distressed Debt Strategies
In the late 1980s, the chairman of The Foothill Group approached Edward I. Altman, already then well known for the creation of the Z-score used for predicting bankruptcy. The chairman asked Altman to develop a descriptive and analytical white paper on distressed debt. He obliged, writing first a paper onRead More
12 days ago
All About Alpha wrote a new blog post titled Avoiding Over-Allocation to Alternative Investments
A new white paper from New York Life looks at the role of alternatives in portfolio construction and argues that usual risk-return based approaches can underestimate risk and lead to over-allocation to the alternatives. The paper, by Amit Soni, an NYL portfolio manager, proposes a new method “to quantify performanceRead More
14 days ago
All About Alpha wrote a new blog post titled A Preqin Prequel? 
By Bill Kelly, CEO, CAIA Association In the world of cinema, by most accounts, it is The Godfather Part II that holds the top spot for best movie prequel. Interestingly, by design and title, it is also a sequel. Sequels at the box office are often panned but this production wasRead More
16 days ago
All About Alpha wrote a new blog post titled Volatility & Creative Destruction: Some Pieces of the Larger Puzzle
The President’s Letter at the start of the latest Investment Quarterly from Neuberger Berman, the investment management spin-off from the late Lehman Brothers, looks at US stock market volatility through October, and fits it into the broader business-cycle picture. President (and CIO) Joseph Amato observes that optimists will look atRead More
16 days ago
All About Alpha wrote a new blog post titled 50 Years of Put-Call Parity
It will be 50 years ago next year (1969) that Hans R. Stoll came out with “The Relationship between Put and Call Option Prices,” establishing the principle of put-call parity. Stoll’s article in The Journal of Finance was a landmark in the developing scholarship about derivatives. It preceded the workRead More
19 days ago
All About Alpha wrote a new blog post titled The View from Toronto: Ratios Aren’t Set in Stone
On Oct. 29, the AIMA Canada Investor Forum 2018 convened at Sheraton Centre, Toronto. The event focused on new innovations in the world of alternative finance, brought about by a combination of investor demand and technological change. The forum kicked off with a discussion about the current role of hedgeRead More
21 days ago
All About Alpha wrote a new blog post titled Rhetoric Done Right
In the business of money management, influencing others is a skill that rivals investment expertise. If one can’t earn someone’s trust, and money, then one can’t run a true investment management business, no matter how talented a financial player one may be. To gain the support and gather assets ofRead More
22 days ago
All About Alpha wrote a new blog post titled Marks on the Market
Just about 70 years ago, Benjamin Graham wrote the timeless book titled simply The Intelligent Investor. This work and others, along with his distinguished career as an economist and an investor, earned him the title of the “Father of Value Investing.” His fictional investor in this referenced book was aptly named Mr. Market andRead More
23 days ago
All About Alpha wrote a new blog post titled 10 Climate Change Actions for Pension Fund Managers
The International Centre for Pension Management (ICPM) has put out a paper on climate change and on the difference it makes for investments. The issue of climate change has, in recent years, gone from “being considered a niche issue to one of potentially major financial consequences for all investors,” oneRead More
23 days ago
All About Alpha wrote a new blog post titled SEC No-Action Letter: Eases Transactions with Affiliates
The Division of Investment Management of the Securities and Exchange Commission issued a no-action letter Oct. 12 that may make life easier for mutual fund boards and business development companies that have reason to engage in “affiliated transactions” as defined by the 1940 Act. In response to a request fromRead More
26 days ago
All About Alpha wrote a new blog post titled The Trinity Of Errors In Financial Models: An Introductory Analysis
By Deepak Kanungo, Founder and CEO of Hedged Capital LLC In this introductory article, we explore three types of errors inherent in all financial models. We examine these errors using a simple probabilistic model that can be used for predicting the federal funds rate, an interest rate of seminal importanceRead More
27 days ago
All About Alpha wrote a new blog post titled Quantifying High Performance Dispersion Risk in Alternatives
By Amit Soni, Portfolio Manager, Strategic Asset Allocation, New York Life Investments Lofty valuations in traditional assets have encouraged investors to explore alternatives. Unfortunately, the lack of a holistic investment framework to incorporate alternatives poses a challenge. Traditional risk-return based approaches, alone, over-allocate to alternatives–a result of underestimation of risksRead More
28 days ago
All About Alpha wrote a new blog post titled  Shariah Finance, Volatility, Clientele Effects
Two recent scholarly papers take distinctive looks at the sukuk market in Malaysia. Accordingly, each contributes to the ongoing discussions and evaluations of the place of Islamic finance within the broader global (and alpha-seeking) picture. Sukuk are bond-like instruments structured to pay profit, not interest, that are sold chiefly toRead More
28 days ago
All About Alpha wrote a new blog post titled I Quant to Be a Trillionaire
By Bill Kelly, CAIA Association CEO Everyone from Bruno Mars to Donald J. Trump wants to be a mere billionaire “so freakin’ bad.” Heck, even the current Mega Millions Lottery has become a misnomer with the current jackpot for this US game of chance standing at $1.6 billion for theRead More
30 days ago
All About Alpha wrote a new blog post titled Hedge Funds in a Time of Wear and Tear
The latest report from Eurekahedge tells us that Asia-focused strategies in the hedge fund universe are showing the wear and tear of the US/China trade dispute. The Eurekahedge Greater China Hedge Fund Index shows losses of 8.16% through the first nine months of the year. The Eurekahedge commentary observes thatRead More
30 days ago
All About Alpha wrote a new blog post titled Some Clarity from the Delaware Supreme Court for Activists
The Delaware Supreme Court, on Oct. 9, upheld the Chancery Court’s dismissal of a buyout/squeeze-out related lawsuit. In the process, it issued an opinion that indicates that the room for activist investors to use litigation or the threat of litigation to derail controlling shareholder transactions may be quite small, andRead More
33 days ago
All About Alpha wrote a new blog post titled A Brief History of Asset Allocation
Glassbridge has put out an ambitious white paper about the “evolution of asset allocation across the investment management industry,” one that begins with the basics of the Capital Asset Pricing Model and ends with quantitative analysis and crowdsourcing. The premise is that new strategies, and new ranges of data, areRead More
35 days ago
All About Alpha wrote a new blog post titled National Market System: What to End; What to Mend
The Principal Traders Group of the Futures Industry Association (FIA PTG) recently offered its thoughts on market structure, outlining one direction of reform for the Securities and Exchange Commission’s Reg NMS. Reg NMS (National Market System) was promulgated in 2005, in order to ensure competition among markets, and in theRead More
37 days ago