The Right Place for Alternative Betas in Hedge Fund Performance

@inproceedings{Ghin2006TheRP,
  title={The Right Place for Alternative Betas in Hedge Fund Performance},
  author={Walter G{\'e}hin and Mathieu Vaissi{\'e}},
  year={2006}
}
In recent months, concerns have been raised about the profitability prospects for hedge funds. This article argues that market participants' pessimistic view of the hedge fund industry's capacity to generate long-term returns is a direct result of their continued focus on alpha. It illustrates the importance of considering not only the exposure to the market (the traditional beta), but also other exposures (the alternative betas) to characterize alternative sources of hedge fund returns. It… Expand