Tough Minded Investment Manager Analysis

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Managing Your Investment Manager

That's Mr. Ponzi to you.

F3 Funds

Lock Down Your Investment Manager

When Should You Pull Your Money Out?

Doing Due Dillegence over the Phone

Is Your Investment Manager Lying to You?

Six Questions to Help You Evaluate Investment Gossip

What kind of Performance Data do Investors Need?

Avoiding the Gambling Addict

Investment Styles

Oxford Metrica and Cluster Analysis: Fund Style Analysis du Jour

Holdings Analysis

Investment Technique

Artificial Intelligence

Fat-Tailed and Skewed Asset Price Distributions

Model Risk

Veryan Allen

Evidence-Based Investment Analysis

An Introduction to EBIA

Quantitative Analysis

Global Quant Meltdown

Trust Me, I'm a Quant!

An Explanation for the Quant Meltdown

Five Things the Quant Meltdown Should Teach Investors

Risk Management

Do Fund Managers Understand Operational Risk?

Operational Risk: How Bad is the Problem

Chris Mushell and Frontiers in Operational Risk Management

Was Societe Generale’s Meltdown Preventable?

Kroll Report on Corporate Fraud

Activist Investing, Private Equity and Venture Capital.

Activist Investing

Michael Jenson and Private Equity

New Taxes on Private Equity?

The Future

2008 Emerging Technology

Manufacturing

Batteries

Melting Artic Ice

Investment Book Reviews

Carbon Finance

Evidence Based Technical Analysis

Fat-Tailed and Skewed Asset Return Distributions

Fortune's Formula

How to Select Investment Managers

The Misbehavior of Markets

Sound Practices for Hedge Funds

Managing Yourself and Others

An Article, Containing a Good Idea, But One You Had Better Sleep On

Eating Smart

Listening to Professor Cory

Extraordinary Comebacks

Humor, Time Wasters and Stuff That's Just Plain Weird

Greg Newton

Alfred Lawson--Nutcase

The Stand Up Economist

Futures from Nature

A Few Kind Words About Ayn Rand

Marc Dreier

A Version of Artificial Intelligence that Works!

Quant Gifts

Random Investment Humor Links

Books By Fred Gehm

About

About FredGehm.com

Endorsements and Slurs

Tools, Techniques, Essays and News that will help you pick the best CTAs, Hedge Funds and Alternative Investment managers. No nonsense. No excuses. No easy answers.

Someone Else You Should Read Before You Read Me.

Veryan Allen lives in Tokyo and, apparently, trades the market full time.  He also writes short, occasional articles on hedge fund topics.  You should read him because he is gutsy and mostly right.
  

For example, Mr. Allen has a nice post on “portable alpha” on his website.  In his opinion, and mine, this is a concept we can do without.  Portable alpha is a marketing concept, an attempt to fit hedge fund concepts into the pigeon holes of long-only institutional investor logic and it does so badly.  As a concept it hides the benefits and disguises the risks of hedge fund investing.  It is a lie and many of our potential customers understand this and, because they understand this, they do not do business with us.  Portable alpha is a lie that is, unfortunately, deeply embedded in our industry’s self-image and promotional brochures and Mr. Allen should be honored for exposing it.  We need to follow his lead.

Mr. Allen is a reasonably good writer.  Some of his posts are a little too short, in my opinion, and a few of them are a little shrill.  Unfortunately, most of us have that problem, at least, part of the time.  I hate being noble, but on several issues his thinking is more insightful than mine. I think highly of my own ability to analyze new investment methods.  I would put myself in the top 1% of investment analysts in this regard.  Nevertheless, several of his articles on investment methods contain insights that I would never have come up with.  I don’t know about you, but that’s enough for me to take him very seriously indeed.  Click here to go to his website.


 

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