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Conv by: David Rowe
Icon-thread a reply to How Plentiful is Alpha?
by David Rowe - Sungard on Mar 20, 2007 - 07:00 AM read 359 times
Source: http://www4.sungard.com/blogs/riskManagement/?p=5#comment-25
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I take Eric Larsson’s point that more hedge funds almost certainly means a decline in the average skill of the universe of all hedge fund managers (and a corresponding increase it the dispersion of such skill across managers.) That said, I sense that even the best funds are experiencing greater difficulty finding good alpha opportunities than was true ten years ago.

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