Select Fixed-Income/Equity Managers bets, investment, research, equity, style

bodhisattva

Select Fixed-Income Mgr: style analysis, selection bets, correlation of alphas, investment process
Select Equity Mgr: style, performance, fees, personel and research, consistent stated&actual strategy.
Shouldn’t the correlation of alpha be considered in selcting equity managers?

LorrinCFA

tulkuu wrote:
Shouldn’t the correlation of alpha be considered in selcting equity managers?
it’s CFAI nonsense.  they don’t really know and yes it does matter in the real world.

justin88

Probably not as big of a concern w/ equity b/c fixed income has a lot more sources of alpha: duration, spreads, sectors, issues etc…. vs. equity is more simple and the style probably determines a lot of the alpha.