Qualitative Hedge Fund Research (QHFR) Services

Back Down The New Haven Line

There Is Nothing Wrong With The Hedge Fund Fees

Portable Alpha or Portable Leverage

 

Sample Hedge Fund Evaluation Report

Quotes & our philosophy:

1. For the most part, hedge funds represent the disintermediation between the bank’s proprietary trading desk and the trader, whereby the trader has now become an entrepreneur, and still using the bank’s balance sheet through a prime brokerage agreement. (RL)

2.  Not all hedge funds deploy hedge fund strategies; and for as long as you fail to realize this, you shall continue to provide a living to those who will ultimately fail you when you need them the most. (RL)

3. It is within the philosophy and discipline adopted by the proprietary trading desk that lays the methodology vital to the effective evaluation of hedge funds. (RL)

4. Hedge Fund Manager = Analyst + Portfolio Manager + Execution Trader + Risk Manager + Entrepreneur + Business Manager (RL)

5. The one issue that investors must realize: effective hedge fund strategies are much more about “trading” than “investment”. (RL)

6. Capital is much too precious to be allocated into positions waiting for the market to realize that you are right. (RL)

7. The market is a collective perception of reality. “It” will prove you right or wrong, not the truth!! (RL)

8. While the debate on what constitute alpha and beta rages on, one can safely
admit that “the deliberate, dynamic and tactical exposures, long and short, among an
array of betas is a source of alpha”. (RL)

9. Eloquence should not be confused with competence. Only the later will contribute to alpha. (RL) 

10.  “In looking for people to hire, you look for three qualities: integrity, intelligence and energy. And if they don’t have the first, the other two will kill you.” (Warren Buffett)