Jason Josephiac - Portable Alpha and Risk Mitigating Strategies (S6E6)
Flirting with Models
How to Identify a Manager That Would Be a Contributor Within a Portable Alpha Framework
I believe that focusing on risk first usually takes care of returns, at least over the longer term. And so this is where I believe we need more than a suite of market neutral strategies to harvest alpha over the long term. Because when the market forces you to deliver, it can be catastrophic for a market neutral and relative value strategies that are highly levered. Now we all only have one head, right? And if it's chopped off, you're dead. Although maybe in the hedge fund land, sometimes people do rise back from the market, but we don't want to make that bet. We are trying to create a multi headed portfolio, right? Maybe like the Hydra in Greek mythology
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