Cross-Asset Thematic Strategy, Edelscourt

Albert Maass

Albert brings over 30 years of global financial industry experience, with a track record spanning the UK, Americas, and Asia. His expertise covers a wide range of asset classes, managing portfolios that have included hedge funds, reinsurance, credit, and private equity.

Over the course of his career, Albert has worked with leading institutions such as the European Bank for Reconstruction and Development, Nomura International, HVB, and the Central Bank of Chile. He is a certified Financial Risk Manager (FRM) and holds a degree in Business and Economics from the Universidad Católica de Chile.

Cross-Asset Thematic Strategy

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<p>Alpha - the portion of returns that is independent of market direction - has all but disappeared for hedge funds as a group.</p>
<ul>
<li>Rather than providing investors with uncorrelated sources of alpha, hedge fund performance has increasingly tracked returns in the overall market over time.</li>
</ul>
<p>We look at the root drivers for the collapse of alpha, and offer some practical take-aways for hedge fund investors.</p>

Alpha - the portion of returns that is independent of market direction - has all but disappeared for hedge funds as a group.

Rather than providing investors with uncorrelated sources of alpha, hedge fund performance has increasingly tracked returns in the overall market over time.

We look at the root drivers for the collapse of alpha, and offer some practical take-aways for hedge fund investors.

Collapsing Alpha - And How to Go About It