TITLE

Publish and Perish

AUTHOR(S)
Condon, Bernard
PUB. DATE
October 2007
SOURCE
Forbes Asia;10/15/2007, Vol. 3 Issue 17, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents an update on the Global Alpha hedge fund of Goldman Sachs. It is said that investors plan to pull $1.6 billion out of Global Alpha. Investors had plenty of warning from fund manager Mark Carhart. Before taking over Alpha, Carhart himself drew attention with a research paper warning investors against active mutual funds saying that high repeat returns had little to do with skill. Alpha returned 21% a year in the ten years through 2005. Then, true to his theory, Alpha lost 9% in 2006 and 33% in 2007.
ACCESSION #
27335391

 

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