A fund management technique which seeks to Transfer to a portfolio of low RiskAssets the outperformance (Alpha) of another portfolio made up of a high Risk asset and put options on the Market index of this high Risk asset, structured in such a way as to capture only the Alpha achieved through the management of this second portfolio (outperformance)
Portable alpha(See Chapter 19 of the Vernimmen)
A fund management technique which seeks to Transfer to a portfolio of low RiskAssets the outperformance (Alpha) of another portfolio made up of a high Risk asset and put options on the Market index of this high Risk asset, structured in such a way as to capture only the Alpha achieved through the management of this second portfolio (outperformance)
A fund management technique which seeks to Transfer to a portfolio of low RiskAssets the outperformance (Alpha) of another portfolio made up of a high Risk asset and put options on the Market index of this high Risk asset, structured in such a way as to capture only the Alpha achieved through the management of this second portfolio (outperformance)
