In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing .
And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get.
AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than.
What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down?
With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.
Persons:
—, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen
Organizations:
Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee
Locations:
Hollywood, London, Milan, Dubai, New York