A Fun Self-help Movie for Hedge Fund InvestorsThe Future of Hedge Fund Evaluation is Now: Bring in the Clones
By: PPCA Inc Aug. 26, 2013 - PRLog -- Please watch this Oscar-worthy movie at https://vimeo.com/
In the future, we won’t pay much for exotic hedge fund betas (risk profiles), but we will pay for superior human intellect. We’ll know the difference because we’ll abandon simple-minded performance benchmarks like peer groups and indexes, and replace them with smart science. Hedge funds, after all, are unique. The definition of unique is “without peers,” which means that a distinctive hedge fund can’t be squeezed into an artificially defined group. Hedge fund managers win or lose against peer groups because they are different rather than because they are better or worse than quasi-comparable strategies. It’s this uniqueness (heterogeneity) Yes, we should be prepared to pay a fair price for brainwork, commensurate with the level of brainwork rather than the typical “2 and 20” fee. But first we’ll need a robust model for deciding who’s truly delivering the equivalent of Oscar-winning performances in the hedge fund universe. About the Producer: PPCA, Inc., San Clemente CA, provides advanced analytical services to investors and their consultants in the areas of asset allocation, market research, performance evaluation, style analyses and target date funds. PPCA president Ron Surz is a pension consulting veteran. Further information is available at www.PPCA-Inc.com. About the Creators: Kathy Tarochione, Harrison AR is a digital artist providing life stories for individuals and their pets – digital memories in pictures and art. She is also the Founder & Partner of Picture A Moment Pet Productions LLC with its Division The Canine Community Reporters News designed to help animals in shelters. Kathy has mastered digital productions of all sorts. Jim Bumgardner, Harrison, AR is a professional broadcaster, videographer, marketer, all around nice guy, and Partner of Kathy Tarochione (see links above). Being a true believer in the entrepreneurial spirit and always rooting for the underdog Jim prides himself on his personal philosophy of "If you dream it, I can build it." Further information is available on http://www.jimstv.com. Key words: Hedge funds, heterogeneity, cyberclones, hypothesis testing, Klingon, brainwork End
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