Alpha Finance Advisors » Investors https://www.alphafinanceadvisors.net/blog Independent portfolio analysis to better understand, manage and articulate risk Mon, 11 Feb 2013 11:02:19 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 K1 fund and related funds… the importance of due diligence https://www.alphafinanceadvisors.net/blog/k1-fund-and-related-funds-the-importance-of-due-diligence/ https://www.alphafinanceadvisors.net/blog/k1-fund-and-related-funds-the-importance-of-due-diligence/#comments Mon, 11 Feb 2013 11:02:19 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=368 we have found the article linked below on yet another ponzi scheme, this time from Germany. The point being: due diligence matters! as always we will be happy to help of course.

http://www.being-diligent.com/case-n-10-k1/

]]> https://www.alphafinanceadvisors.net/blog/k1-fund-and-related-funds-the-importance-of-due-diligence/feed/ 0 Apollo Liquidity August Update https://www.alphafinanceadvisors.net/blog/apollo-liquidity-august-update/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-august-update/#comments Wed, 07 Nov 2012 11:27:02 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=358 our model portfolio continues to behave with no changes over the period. Feel free to contact us for more details Apollo Liquidity factsheet Aug 2012

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-august-update/feed/ 0 Apollo Liquidity May update https://www.alphafinanceadvisors.net/blog/apollo-liquidity-may-update/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-may-update/#comments Wed, 18 Jul 2012 13:41:43 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=341 Continue reading →]]> For May we have produced the usual monthly factsheet presenting the profile of the simulated portfolio as usual, but we are adding the analysis of Apollo liquidity “live”, the paper version of the portfolio we monitor, including the historical impact of the adjustments we make to the portfolio on a regular basis. Apollo_Live Apollo Factsheet May

we are getting closer to launching our fund analysis library and the format will be the same as the Apollo live. Suggestions are very welcome as to how you would like to see it improved.

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-may-update/feed/ 0 Tips for Hedge Funds manager from the Geneva Family Office conference https://www.alphafinanceadvisors.net/blog/tips-for-hedge-funds-manager-from-the-geneva-family-office-conference/ https://www.alphafinanceadvisors.net/blog/tips-for-hedge-funds-manager-from-the-geneva-family-office-conference/#comments Sat, 09 Jun 2012 09:59:50 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=336 Continue reading →]]> I attended this past week the Geneva Family Office Conference where I spoke on “why should hedge funds be part of a Family Office asset allocation”.

Interestingly some Family Offices volunteered a few tips on what they were expecting/looking for in hedge funds. The two factors that they put out first were TRUST and TRANSPARENCY, they biggest fear being STYLE DRIFT. This obviously can have a few very different meanings so they elaborated further in a few practical points:

- Produce a written DDQ

- Communicate via clear reports

- Produce and distribute a Risk Dashboard

- Make your decision/investment process clear and explain how it lead to the current state of the portoflio

- Demonstrate alignment of interest

- Be/participate in databases

- Be open to/facilitate peer analysis

These are not going to be everybody’s cup of tea but feed back is a gift, especially when it comes from potential investors.

Alpha Finance Advisors will be very happy to help you put all this in place. Feel free to contact us.

]]> https://www.alphafinanceadvisors.net/blog/tips-for-hedge-funds-manager-from-the-geneva-family-office-conference/feed/ 1 Analysis of the relationship between Sovereign CDS and Sovereign Bonds spreads https://www.alphafinanceadvisors.net/blog/analysis-of-the-relationship-between-sovereign-cds-and-sovereign-bonds-spreads/ https://www.alphafinanceadvisors.net/blog/analysis-of-the-relationship-between-sovereign-cds-and-sovereign-bonds-spreads/#comments Wed, 06 Jun 2012 19:42:13 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=329 Continue reading →]]> As CDS and more specifically Sovereign CDS have come under political scrutiny, we thought it would be useful to have a more impartial view on the relationship between Sovereign CDS and the Sovereign spreads. Academic research centre EDHEC-risk devoted efforts to analyse the possible impact of one on to the other and came up with results that are worth looking at.

We went to a presentation of those results by Dominic O’Kane, who conducted this analysis and thought it would be interesting and hopefully useful to share them with you.

EDHEC_CDS_V5

]]> https://www.alphafinanceadvisors.net/blog/analysis-of-the-relationship-between-sovereign-cds-and-sovereign-bonds-spreads/feed/ 0 Apollo liquidity Apr 2012 https://www.alphafinanceadvisors.net/blog/apollo-liquidity-apr-2012/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-apr-2012/#comments Thu, 24 May 2012 09:46:03 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=319 Continue reading →]]> dear Readers,

please find the April updates under the new format we announced in March. feel free to contact us if you would like to discuss our investment methodology.

the main aspects to remember are the investment constraints:

- low risk (as measured by drawdown and downside volatility)

- low correlation to traditional asset classes

- weekly liquidity

- low operational/fraud risk; style drift monitoring (hence the focus on managed accounts platforms)

Apollo_Factsheet_April_2012

Apollo Live

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-apr-2012/feed/ 0 Apollo liquidity Mar 2012 https://www.alphafinanceadvisors.net/blog/apollo-liquidity-mar-2012/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-mar-2012/#comments Thu, 24 May 2012 09:38:50 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=312 Continue reading →]]> This month we have made some changes in the portfolio motivated by:

- the introduction of new managers on the  managed accounts platforms that constitute our universe

- the withdrawal of some managers.

this has led us to change the composition of the Relative Value and Global Macro investment pillars.

To facilitate your monitoring  of this portfolio we have decided to publish two different documents:

- the “Factsheet” which represents the backfilled risk and return profile of the current portfolio as it is currently invested (the usual document)

- the “Apollo Live” document which analyses the risk and return profile of  Apollo liquidity as a live portfolio, giving the historical risk and return profile of the portfolio through time.

Apollo_Factsheet_March_2012

Apollo Live

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-mar-2012/feed/ 0 Apollo liquidity Jan 2012 https://www.alphafinanceadvisors.net/blog/apollo-liquidity-jan-2012/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-jan-2012/#comments Mon, 30 Apr 2012 08:18:30 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=291 Apollo_Liquidity_Jan_2012

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-jan-2012/feed/ 0 Apollo liquidity 2011 analysis https://www.alphafinanceadvisors.net/blog/apollo-liquidity-2011-analysis/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-2011-analysis/#comments Fri, 10 Feb 2012 16:59:05 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=286 through a very difficult year for active managers, αpolloTM liquidity, our hedge fund model portfolio exhibited slightly disappointing performances, experiencing its first negative year ever… Apollo Liquidity 2011

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-2011-analysis/feed/ 0 Apollo Liquidity December Update https://www.alphafinanceadvisors.net/blog/apollo-liquidity-december-update/ https://www.alphafinanceadvisors.net/blog/apollo-liquidity-december-update/#comments Thu, 19 Jan 2012 16:31:23 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=280 Apollo Factsheet

]]> https://www.alphafinanceadvisors.net/blog/apollo-liquidity-december-update/feed/ 0