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?作者: justin88 时间: 2013-4-22 09:26
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.作者: LorrinCFA 时间: 2013-4-22 09:26
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.
