Tuesday, April 8, 2014

 

In Search of Missing Risk Factors: Hedge Fund Return Replication with ETFs

By Jun Duanmu, Yongjia Li, and Alexey Malakhov of Sam M. Walton College of Business, University of Arkansas

Spanning the space of potential risk factors with exchange traded funds (ETFs), the authors aim at achieving two important objectives: first, separate skill driven from risk driven hedge fund returns, thus identifying hedge fund managers who possess genuine skill (or the lack of thereof), and, second, replicate the risk driven hedge fund return component at a lower cost by avoiding hedge fund fee structure.

Download the full article here.

From the April 2014 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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Thursday, January 9, 2014

 

Managing Fees for Collective Investment Schemes

Each new year carries with it an opportunity for reflection and the inevitable New Year’s resolution. A meaningful resolution, according to Swiss Analytics, would be to not only focus on fund performance but also on potential drags such as fees and expenses.

Swiss Analystic’s latest white paper, “Managing Fees for Collective Investment Schemes,” takes a look at categories of fees and expenses and their benefits to investors while pointing out areas to watch to avoid over-compensation.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Tuesday, December 10, 2013

 

Governance Under the Gun: Spillover Effects of Hedge Fund Activism

By Nickolay Gantchev - Finance Area, Oleg Gredil - Kenan-Flagler Business School, and Chotibhak Jotikasthira - Kenan-Flagler Business School of the University of North Carolina at Chapel Hill

Does an activist intervention at one firm impact the valuation and performance of others? In their paper, the authors attempt to answer this question by investigating such spillover effects at the industry level, and providing a step in understanding the broad market and social implications of hedge fund activism as a governance device.

Download the full article here.

From the December 2013 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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Tuesday, March 12, 2013

 

Regulatory Cases: Accident Analysis of Three Regulatory Complaints

Swiss Analystic’s latest white paper, “Regulatory Cases: Accident Analysis of Three Regulatory Complaints,” provides a follow-up to their paper published last fall, Regulatory Cases against Investment Managers: Lessons Learnt for Investors. In their study, three regulatory complaints are reviewed and discussed in detail pointing out circumstances which were instrumental in facilitating the fraud.

Furthermore, the authors illustrate limitations of what can be expected from a regulatory agency, suggesting that an investment advisor’s registration with a regulator is no substitute for proper and pro-active due diligence.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Thursday, January 10, 2013

 

Impact of Outsourced/Co-Sourced Due Diligence

Christian Nauer, CEO of SwissAnalytics, and his co-panelists Ruchi Nirula, Director, Asset Management, SwissRe, and Rufus Rankin, Director of Portfolio Management, Equinox Fund Management, discussed the impacts of out- or co-sourcing due diligence to an external provider at the GAIM Ops Europe 2012 conference in Paris. Their paper, “Impact of Outsourced/Co-Sourced Due Diligence” recaps their opinion on potential problems, merits, scope and costs of contracting an external provider to conduct due diligence.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Thursday, November 8, 2012

 

Regulatory Cases Against Investment Managers: Lessons Learnt for Investors

A review of numerous high-profile regulatory cases against investment managers brought to light some recurring patterns and suggests that a handful of basic due diligence techniques would have raised questions well ahead of time. SwissAnalytics’ most current white paper, “Regulatory Cases Against Investment Managers: Lessons Learnt for Investors” introduces basic techniques which help signal and raise questions regarding fraudulent practices of investment managers.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Wednesday, October 31, 2012

 

Risk-AI and BarclayHedge Offer New Hedge Fund App for iPad; Users Can Access Hedge Fund Manager Performance Anywhere

NEW YORK, NY – October 31, 2012 – Risk-AI and BarclayHedge have collaborated to produce the first hedge fund risk application for the iPad. The new application allows users of Risk-AI’s Transparency Analytics software to view data and analysis wherever they can use their iPad.

“This application allows users to quickly research hedge fund managers and review fund information anytime and anywhere, even without Internet connectivity,” says Aleksey Matiychencko, senior partner and CEO of Risk-AI.

Read the entire Press Release by clicking here.

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Thursday, September 13, 2012

 

Segmenting Supply Chain Risk Using E/CTRM Systems: Unifying Theory of Commodity Hedging and Arbitrage

By Michael Frankfurter, Partner, IQ3 Solutions Group

In his paper, Mr. Frankfurter delves into the complexity of managing physical and financial risk throughout the commodity production, processing and merchandising chain. Moreover, the paper provides an economic framework for developing commodity risk policy and evaluation tools.

Download the full article here.

From the September 2012 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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Wednesday, July 11, 2012

 

Managed Accounts: Benefits vs. Challenges and Why Managed Account Platforms’ Name Can Be Misleading

Investors can either choose to set up a Separately Managed Account (SMAs) or alternatively mirror the exposure of an alternative investment program/fund through a Managed Account Platform (MAPs). SwissAnalytics’ most current white paper, “Managed Accounts: Benefits vs. Challenges and Why Managed Account Platforms’ Name Can Be Misleading” addresses the benefits and challenges of SMAs and MAPs.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Thursday, January 12, 2012

 

Findings from the GAIM Ops Europe 2011

Staying current on the latest developments in operational due diligence is important to SwissAnalytics and its CEO, Christian Nauer. After attending and speaking at the GAIM Ops Europe 2011 conference in Geneva, Mr. Nauer has written “Findings from the GAIM Ops Europe 2011” in which he highlights key points relating to the latest issues in due diligence best practices.

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Thursday, December 15, 2011

 

Investor Behavior, Hedge Fund Returns and Strategies

By Andres Bello, University of Texas-Pan American, Gökçe Soydemir, California State University Stanislaus, and Jan Smolarski, University of Texas-Pan American

Their paper finds that irrational sentiments play a role in hedge fund returns. The authors also find that investors can make use of "irrational beta" to avoid funds that display greater irrational behavior. (Note: study is a working paper.)

Download the full article here. From the December 2011 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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Tuesday, August 9, 2011

 

Why Due Diligence?

SwissAnalytics’ most recent white paper answers the following questions and more . . .
Does it really pay to conduct due diligence?
Can due diligence really detect issues?
Can't I simply trust UCITS?

Read the full study here.

Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Monday, May 16, 2011

 

Crisis Alpha and Risk in Alternative Investment Strategies

By Kathryn M. Kaminski, Sr. Investment Analyst, RPM Risk & Portfolio Management and Alexander Mende, Sr. Investment Analyst, RPM Risk & Portfolio Management AB

By taking a closer look into times when markets are stressed or in crisis (often called “tail risk” events), this investment primer will explain how some Alternative Investment strategies provide crisis alpha opportunities while others suffer substantial losses during times of market stress.

Download the full article here. From the May 2011 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

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Friday, April 15, 2011

 

Trends in Alternative Investment Regulation - Key Issues for Swiss Managers

SwissAnalytics' most recent white paper examines the composition of the Swiss alternative investment market, focusing on single manager hedge funds and funds of funds.

In doing so, several features of the increasingly politicized European funds market and their repercussions on different types of fund-management structures are highlighted.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Thursday, December 9, 2010

 

Good UCITS – Bad UCITS

After conducting a 'Silver' Due Diligence on a universe of UCITS-compliant and non-UCITS funds, this paper highlights the results and seeks to answer the question of whether a move to UCITS funds will lead to the improvement of a portfolio’s qualitative risk profile.

The results may present some surprises in areas which investors tend to accept as non-important when deciding to purchase a UCITS fund.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.

SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.

To download a sample "Silver" Due Diligence Report, simply fill out this short request form.

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Friday, August 13, 2010

 

Early Stage Silver Due Diligence — Towards a More Robust Approach to Alternative Funds Selection

Whether a private investor or institutional, a fund distributor or allocator, all individuals charged with the daunting task of fund selection are confronted with a similar problem. We call this "falling in love" with a fund. For the pragmatist, the love story may begin with an upward-sloping line chart. For the romantic, it can be solidified in a marketing pitch spilling sexy Greeks and spattered with an enticing financial glossary. This article takes a closer look at the problem that this phenomenon creates for fund selectors and presents some suggestions on how to reduce the chance of qualitatively weaker funds from becoming approved through this bias while reducing the costs of the selection process.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member receive an exclusive 10% discount on your first Hedge Fund Due Diligence Report from SwissAnalytics.

SwissAnalytics offers a comprehensive approach to systematically score each fund on more than 140 qualitative risk factors. SwissAnalytics researchers conduct full-service due diligence on the entire range of hedge fund and CTA strategies and managers located anywhere in the world in a timely and cost-effective manner.

To download a sample Due Diligence Report, simply fill out this short request form.

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Tuesday, April 13, 2010

 

The 4 Rules of Legal Document Reviews

This month’s paper provides some basic guidelines that investors should take into account when reviewing a fund’s legal documentation.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member receive an exclusive 10% discount on your first Hedge Fund Due Diligence Report from SwissAnalytics.

SwissAnalytics offers a comprehensive approach to systematically score each fund on more than 140 qualitative risk factors. SwissAnalytics researchers conduct full-service due diligence on the entire range of hedge fund and CTA strategies and managers located anywhere in the world in a timely and cost-effective manner.

To download a sample Due Diligence Report, simply fill out this short request form.

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Tuesday, January 12, 2010

 

Hedge Funds Misrepresent Facts? Of course they do…

Recent work has shown that 1 in 5 hedge fund managers misrepresent facts during due diligence meetings (Brown, Goetzmann, Liang and Schwarz, 2009). This study takes a closer look at examples of misrepresentations and omissions, and explains the steps to take to uncover the truth about managers, their funds and their history.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member receive an exclusive 10% discount on your first Hedge Fund Due Diligence Report from SwissAnalytics.

SwissAnalytics offers a comprehensive approach to systematically score each fund on more than 140 qualitative risk factors. SwissAnalytics researchers conduct full-service due diligence on the entire range of hedge fund and CTA strategies and managers located anywhere in the world in a timely and cost-effective manner.

To download a sample Due Diligence Report, simply fill out this short request form.

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Friday, September 11, 2009

 

Drawing the Right Conclusions: Deriving Risks from Cross-Checks and Independent Sources

Check back each month to read the latest proprietary study addressing issues in due diligence and risk analysis.

This study explores sources of fraud and theft risk; discusses how these risks can be identified and what measures can be taken to mitigate the issues.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member receive an exclusive 10% discount on your first Hedge Fund Due Diligence Report from SwissAnalytics.

SwissAnalytics offers a comprehensive approach to systematically score each fund on more than 140 qualitative risk factors. SwissAnalytics researchers conduct full-service due diligence on the entire range of hedge fund and CTA strategies and managers located anywhere in the world in a timely and cost-effective manner.

To download a sample Due Diligence Report, simply fill out this short request form.

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Tuesday, August 11, 2009

 

The Onsite Visit’s Importance to Completing Institutional-Quality Due Diligence

Check back each month to read the latest proprietary study addressing issues in due diligence and risk analysis.

The study outlines preparation tips and topics for conducting an on-site due diligence meeting and emphasizes the critical nature of onsite due diligence, both prior to and after investing, for all serious alternative investment allocators.

Read the full study here.


Hedge Fund Due Diligence Reports

BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member receive an exclusive 10% discount on your first Hedge Fund Due Diligence Report from SwissAnalytics.

SwissAnalytics offers a comprehensive approach to systematically score each fund on more than 140 qualitative risk factors. SwissAnalytics researchers conduct full-service due diligence on the entire range of hedge fund and CTA strategies and managers located anywhere in the world in a timely and cost-effective manner.

To download a sample Due Diligence Report, simply fill out this short request form.

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