The Existence of Alpha Questioned at the AIE Summit
The Existence of Alpha Questioned at the AIE Summit
Brittany Ryan, Executive Producer of the marcus evans Alternative Investments Europe Summit 2011 shares insights from the annual go-to meeting for Europe’s most sophisticated institutional investors.
Montreux, Switzerland, November 28, 2011 – FOR IMMEDIATE RELEASE
Commencing amid frenzied reports announcing banking powerhouse Dexia as the first victim in what is proving to be an epic Greek tragedy, there was no lack of food for thought at the annual marcus evans Alternative Investments Europe Summit. Questions surrounding those trusty sovereign bonds that protected so many portfolios from the crisis of 2008’s ripple effects were exacerbated by Eurozone uncertainty. To say that there was increased interest in alternative investment approaches would be an understatement.
But where and how are still questions to be debated among Europe’s institutional investors and with risk appetites ranging from nauseas to peckish at best, due diligence will be a key priority regardless of promised returns. A candid discussion on manager selection lead to a couple of key conclusions: a standard procedure is not enough and the threshold for complexity is substantially lower. The panel conceded that some things, like fraud for example, cannot be predicted. One investor pointed out that even Madoff himself had best in class marketing material on due diligence.
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