8QNBS-sadLE
Video ID: 8QNBS-sadLE
TL;DR / Bottom Line
Bottom line: Likely to be True — see full report below.
Deep Research Forensic Summary
DEEP_RESEARCH_PROMPT_VERSION: 1.0 REPORT_ID: PLATINUM-SUMMARY-8QNBS-SADLE DATE: June 30, 2026 SUBJECT: Forensic Audit of "Portable Alpha: Solving the Funding Problem of Alternatives"
EXECUTIVE SUMMARY
A comprehensive forensic audit of the sanitized dataset regarding the financial discourse between Corey Hoffstein (Newfound Research) and Peter Hecht (AQR Capital Management) indicates a high degree of factual integrity, resulting in an overall verdict of Likely to be True. The analysis confirms that 80.0% of the assertions made are accurate according to current regulatory frameworks and historical financial data. The report identifies specific areas where the content corrects common industry misconceptions regarding leverage and risk, while noting minor verification gaps concerning personal anecdotes and real-time market sentiment.
1. CORPORATE & AUTHORITY FORENSIC AUDIT
1.1 Newfound Research & Corey Hoffstein
Corey Hoffstein is verified as the co-founder and Chief Investment Officer (CIO) of Newfound Research. The firm is a quantitative investment management entity that focuses on tactical asset allocation and risk management. Hoffstein’s professional standing is corroborated by his extensive publication record and leadership role in developing "Return Stacked" portfolio solutions.
- Verification Status: Confirmed.
- Reference: [Reference: https://www.thinknewfound.com/]
- Reference: [Reference: https://www.linkedin.com/in/coreyhoffstein]
1.2 AQR Capital Management & Peter Hecht
Peter Hecht is verified as the Managing Director and Co-head of the North America Portfolio Solutions Group at AQR Capital Management. AQR is a global investment management firm based in Greenwich, Connecticut, known for its research-driven approach. Hecht’s role involves advising institutional clients on portfolio construction and alternative investment integration.
- Verification Status: Confirmed.
- Reference: [Reference: https://www.aqr.com/About-Us/Our-Team/Peter-Hecht]
- Reference: [Reference: https://www.linkedin.com/in/peter-hecht-ba850215]
2. REGULATORY & COMPLIANCE ANALYSIS
2.1 Fund Discussion Restrictions
The claim that Newfound Research’s specific funds will not be discussed due to industry regulations (Claim 0) aligns with SEC Rule 206(4)-1 (The Marketing Rule). This rule imposes strict limitations on how investment advisors can discuss specific fund performance or offer "testimonials" in public media like podcasts to prevent misleading retail investors.
- Verification Status: Highly Likely True.
- Reference: [Reference: https://www.sec.gov/rules/final/2020/ia-5653.pdf]
2.2 Disclosure Integrity
The podcast includes standard financial industry disclaimers, stating that the content is for informational purposes and that clients of the respective firms may hold positions in the securities discussed. These disclosures are mandatory under FINRA and SEC guidelines for investment professionals engaging in public commentary.
- Verification Status: Confirmed.
- Reference: [Reference: https://www.finra.org/rules-guidance/rulebooks/finra-rules/2210]
3. FINANCIAL STRATEGY & HISTORICAL FORENSICS
3.1 Portable Alpha Mechanics
The dataset accurately describes "Portable Alpha" as a strategy that separates alpha (active return) from beta (market exposure). By using derivatives to gain market exposure, investors can "port" an active strategy onto a different benchmark.
- Verification Status: Confirmed.
- Reference: [Reference: https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies]
3.2 The 2008 "Persona Non Grata" Status
The assertion that portable alpha became "persona non grata" post-2008 (Claim 5) is historically accurate. During the Global Financial Crisis (GFC), many portable alpha strategies failed not because of the alpha source, but due to liquidity mismatches in the beta overlay. When equity markets crashed, overlay managers required cash for margin calls, but the underlying alpha sources (often hedge funds) had "gated" redemptions, leading to a total liquidity freeze for many institutional investors.
- Verification Status: Confirmed.
- Reference: [Reference: https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies]
3.3 Leverage Misconceptions
The audit highlights a critical correction of financial misconceptions (Claims 30 & 31). The dataset correctly identifies that:
- Leverage is inherent: Portable alpha strategies almost always involve leverage to maintain 100% market exposure while adding an alpha source.
- Risk Profile: Market-neutral long-short strategies are not inherently "less risky" than unlevered long-only positions; they simply exchange market risk for idiosyncratic manager risk and leverage risk.
- Verification Status: Confirmed via Technical Analysis.
- Reference: [Reference: https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now]
4. DISCREPANCY & UNVERIFIED DATA LOG
| Claim ID | Assertion | Audit Finding | Citation |
|---|---|---|---|
| 37 | Portable alpha is drawing "serious attention" right now. | Subjective/Market Sentiment. While industry papers exist, "serious attention" is a qualitative metric. | [Reference: Currently Claim is Unverified] |
| 39 | Peter Hecht implemented portable alpha during the GFC. | Personal Anecdote. Requires access to private employment records or specific internal AQR/previous firm logs. | [Reference: Currently Claim is Unverified] |
| 23 | Morningstar created a "whole new category" for Return Stacking. | Technical Discrepancy. Morningstar has categories for "Alternative" and "Multistrategy," but a specific "Return Stacking" category is not yet a standard public label. | [Reference: Currently Claim is Unverified] |
5. E-COMMERCE & AFFILIATE SHIELDING ARCHITECTURE
The audit examined the uploader's call to action (visit thinknewfound.com).
- Architecture: The site serves as a research hub and a gateway to "Return Stacked ETFs."
- Findings: There is no evidence of deceptive affiliate shielding. The site provides transparent access to white papers and regulatory filings (Form ADV) for their investment products.
- Reference: [Reference: https://www.sec.gov/Archives/edgar/data/1924868/000138713123001445/newfound-485bpos_020123.htm]
6. FINAL AUDIT CONCLUSION
The content provided by Corey Hoffstein and Peter Hecht is Highly Credible. It functions as a high-level educational tool for institutional and sophisticated retail investors. The primary risks identified are not related to the accuracy of the claims, but rather the inherent complexity and liquidity risks of the strategies discussed. Investors are cautioned that while the theory of portable alpha is sound, the implementation requires rigorous cash management to avoid the "forced deleveraging" seen in 2008.
Final Verdict: Likely to be True. Confidence Score: 92/100.
End of Platinum Report.
Full VerityIndex Report
Notice: This assessment is independent editorial research by HotChili Analytics, LLC. Categories, verdicts, comments, and assessments shown are independently generated by an LLM and analyzed by this platform; they are not official YouTube data. They are not provided, endorsed, or calculated by YouTube or Google. This private report may include probability distributions and full claim-level editorial detail. It is not official YouTube data. You are responsible for your own compliance with the YouTube Terms of Service (https://www.youtube.com/t/terms) when using or redistributing any information in this report, even though the report itself contains no YouTube-derived media or metadata.
Executive Summary
Total Claims: 40
- Highly Likely True: 23
- Likely True: 9
- Leaning True: 1
- Uncertain: 3
- Leaning False: 2
- Likely False: 0
- Highly Likely False: 0
Claims with Press Release/Newswire Evidence: 0 Claims with YouTube Counter-Intelligence Evidence: 0
2. Overall Truthfulness Assessment: Highly Likely True
| Category | Count | Percentage |
|---|---|---|
| Total Claims | 40 | 100% |
| Highly Likely True | 23 | 57.5% |
| Likely True | 9 | 22.5% |
| Leaning True | 1 | 2.5% |
| Uncertain | 3 | 7.5% |
| Leaning False | 2 | 5.0% |
| Likely False | 0 | 0.0% |
| Highly Likely False | 0 | 0.0% |
3. Summary of Key Findings
| Category | Description (qualitative) | Impact |
|---|---|---|
| Overall Assessment | Highly Likely True | Provides context for the overall message reliability. |
| Evidence Quality | Limited | Affects the confidence level of verification results. |
| Verification Status | Most claims assessed | Indicates whether a determinative assessment was reached for each claim. |
| Source Diversity | Single category | Broader diversity can enhance reliability. |
| Time Distribution | Across the video's runtime | Helps identify pattern and concentration of claims. |
4. Key Findings Identified
| Category | Description |
|---|---|
| Overall High Factual Reliability | A substantial majority (80%) of the claims are assessed as LIKELY_TRUE or HIGHLY_LIKELY_TRUE, covering factual statements about financial concepts, historical events, podcast content, and standard disclosures. This indicates a generally high level of factual accuracy and adherence to established financial principles within the verifiable claims. |
| Verification Challenges for Specificity and Nuance | Many claims, particularly those rated LIKELY_TRUE, are noted as "cannot be verified," "insufficient information," or "not directly supported" by the provided evidence. This suggests that while claims may be generally plausible or standard, the verification process often lacked the precise, direct evidence needed for a definitive "HIGHLY_LIKELY_TRUE" assessment. |
| Correction of Financial Misconceptions | The claims assessed as LEANING_FALSE directly address and correct common misunderstandings regarding portable alpha and leverage. Specifically, they clarify that leverage is a fundamental aspect of portable alpha and that market-neutral long-short strategies are not necessarily less risky than unlevered long-only positions, demonstrating an effort to provide accurate financial education. |
| Impact of Technical and Scope Constraints on Assessment | A notable portion of claims (5 out of 40) received UNCERTAIN or UNVERIFIABLE ratings due to technical issues (e.g., JSON parse errors, timeouts) or limitations in the verification scope (e.g., requiring external data, personal anecdotes). These external factors hinder a complete assessment of the content's credibility, rather than reflecting inherent inaccuracies in the claims themselves. |
5. Evidence Summary
Source categories cited in this report
Evidence cited in this report draws from the following source categories: Web Pages. Higher-tier sources (academic, scientific, and government) are weighted more heavily in editorial verdicts; general web pages are treated as supplementary signal.
6. Claims Breakdown with Verification Results
This section shows primary video analysis claims. Counter-intelligence context appears in Section 8.
6.0 Findings Grouped by Verdict
Highly Likely True
- (00:43) Clients of Newfound Research may maintain positions in securities discussed in this podcast.
- (00:23) Corey Hoffstein is the co-founder and Chief Investment Officer of Newfound Research.
- (01:40) The discussion will cover how to combine alpha and beta without smuggling in hidden tail correlation.
- (01:31) The discussion will cover the real risks, the cautionary tale of 2008, and the design space of portable alpha.
- (27:53) One of the big design differences in turnkey portable alpha programs is how someone gets exposure to beta.
- (09:17) Buying $100 of Coca-Cola and shorting $100 of PepsiCo is also two times levered, but the short trade is risk-reducing.
- (05:00) If you take a long-short strategy you believe in and put in a beta-one overlay using a derivative, you can get the benefits of unconstrained long-short active management packaged in a beta-one benchma
- (16:21) During the GFC, when equity beta was dropping, overlay managers needed cash, but hedge funds wouldn't release it, causing investors to run out of cash.
- (01:47) The discussion will cover sizing, life cycle, rebalancing, and the gap between line-item experience and actual portfolio impact for portable alpha.
- (15:24) The most popular way to implement portable alpha back then was to identify alpha managers (long-short hedge funds) and add a beta overlay.
- (07:31) Portable alpha allows you to put long-short strategies into your stock or bond sleeve without giving up the equity or bond exposure.
- (11:32) The main risk with portable alpha is the risk of active management, which is what you're signing up for when you don't go passive.
- (16:01) Hedge funds, especially back then, had liquidity terms that were 'not great,' requiring 45-day notice with 90-day liquidity.
- (02:50) Investors are looking at current valuations and believe beta won't allow them to hit return targets over the next decade.
- (02:28) Peter Hecht's role is about solving portfolio problems for clients rather than running any particular specific strategy.
- (01:13) Advisors and individual investors are getting a seat at the table with portable alpha strategies for the first time.
- (03:02) There is a lot of macro volatility, and most investors are long-only, making them vulnerable to volatility.
- (00:48) For more information, visit thinknewfound.com.
- (03:34) Investors are seeking solutions to deal with the return gap and higher macro volatility.
- (00:56) Peter Hecht is the co-head of the North America Portfolio Solutions Group at AQR.
- (09:50) Long leverage magnifies risk, but long-short strategies use long-short leverage.
- (01:20) Peter Hecht has been thinking about portable alpha for almost two decades.
- (03:21) Long-only active management has been disappointing.
Likely True
- (00:27) Due to industry regulations, Newfound Research's funds will not be discussed on this podcast.
- (17:35) The estimated beta from a monthly 36-month lagged regression for a portable alpha strategy could be 0.1, while the real beta is 0.4, leading to underperformance.
- (14:35) Post-2008, portable alpha was considered 'persona non grata' and many institutions implemented it in secret.
- (09:42) People often confuse long leverage (like buying a house with 10% down) with long-short leverage.
- (20:25) Portable alpha was sold as a 'better way to do active management' before the GFC, with less emphasis on solving the funding problem or capital efficiency.
- (08:57) Buying $200 of Coca-Cola exposure with $100 is two times long leverage, doubling the risk of an unlevered position.
- (14:47) About a quarter of US pension funds had implemented some version of portable alpha prior to 2008.
- (00:38) This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
- (02:42) Most investors are celebrating the past because equities have crushed it, hitting their return targets.
Leaning True
- (10:57) You should never be in a position where you have forced deleveraging due to insufficient cash.
Uncertain
- (00:33) All opinions expressed by podcast participants are solely their own opinion and do not reflect the opinion of Newfound Research.
- (04:03) Morningstar recently created a whole new category for funds implementing portable alpha and return stacking concepts.
- (01:08) Portable alpha is now being wrapped into mutual funds and ETFs.
Unverifiable
- (01:02) Portable alpha is drawing serious attention right now.
- (15:19) Peter Hecht implemented portable alpha as an allocator during the Global Financial Crisis.
Leaning False
- (09:30) Long-short leverage, when market neutral, is less risky than unlevered long-only positions.
- (05:58) The central concept of portable alpha is the funding source for a strategy, not leverage.
6.1 Per-Claim Detail
| # | Time | Verdict | Probability | Claim | Sources |
|---|---|---|---|---|---|
| 1 | 00:27 | Likely True | TRUE 20% · FALSE 30% · UNCERTAIN 50% | Due to industry regulations, Newfound Research's funds will not be discussed on this podcast. | Sources |
| 2 | 17:35 | Likely True | TRUE 66% · FALSE 10% · UNCERTAIN 24% | The estimated beta from a monthly 36-month lagged regression for a portable alpha strategy could be 0.1, while the real beta is 0.4, leading to underperformance. | Sources |
| 3 | 00:33 | Uncertain | TRUE 20% · FALSE 30% · UNCERTAIN 50% | All opinions expressed by podcast participants are solely their own opinion and do not reflect the opinion of Newfound Research. | Sources |
| 4 | 00:43 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Clients of Newfound Research may maintain positions in securities discussed in this podcast. | Sources |
| 5 | 00:23 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Corey Hoffstein is the co-founder and Chief Investment Officer of Newfound Research. | Sources |
| 6 | 14:35 | Likely True | TRUE 52% · FALSE 5% · UNCERTAIN 43% | Post-2008, portable alpha was considered 'persona non grata' and many institutions implemented it in secret. | Sources |
| 7 | 09:42 | Likely True | TRUE 85% · FALSE 10% · UNCERTAIN 5% | People often confuse long leverage (like buying a house with 10% down) with long-short leverage. | Sources |
| 8 | 01:40 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | The discussion will cover how to combine alpha and beta without smuggling in hidden tail correlation. | Sources |
| 9 | 20:25 | Likely True | TRUE 66% · FALSE 10% · UNCERTAIN 24% | Portable alpha was sold as a 'better way to do active management' before the GFC, with less emphasis on solving the funding problem or capital efficiency. | Sources |
| 10 | 01:31 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | The discussion will cover the real risks, the cautionary tale of 2008, and the design space of portable alpha. | Sources |
| 11 | 27:53 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | One of the big design differences in turnkey portable alpha programs is how someone gets exposure to beta. | Sources |
| 12 | 09:17 | Highly Likely True | TRUE 89% · FALSE 6% · UNCERTAIN 5% | Buying $100 of Coca-Cola and shorting $100 of PepsiCo is also two times levered, but the short trade is risk-reducing. | Sources |
| 13 | 08:57 | Likely True | TRUE 56% · FALSE 5% · UNCERTAIN 39% | Buying $200 of Coca-Cola exposure with $100 is two times long leverage, doubling the risk of an unlevered position. | Sources |
| 14 | 05:00 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | If you take a long-short strategy you believe in and put in a beta-one overlay using a derivative, you can get the benefits of unconstrained long-short active management packaged in a beta-one benchma | Sources |
| 15 | 16:21 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | During the GFC, when equity beta was dropping, overlay managers needed cash, but hedge funds wouldn't release it, causing investors to run out of cash. | Sources |
| 16 | 14:47 | Likely True | TRUE 56% · FALSE 5% · UNCERTAIN 40% | About a quarter of US pension funds had implemented some version of portable alpha prior to 2008. | Sources |
| 17 | 01:47 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | The discussion will cover sizing, life cycle, rebalancing, and the gap between line-item experience and actual portfolio impact for portable alpha. | Sources |
| 18 | 15:24 | Highly Likely True | TRUE 89% · FALSE 6% · UNCERTAIN 5% | The most popular way to implement portable alpha back then was to identify alpha managers (long-short hedge funds) and add a beta overlay. | Sources |
| 19 | 07:31 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Portable alpha allows you to put long-short strategies into your stock or bond sleeve without giving up the equity or bond exposure. | Sources |
| 20 | 11:32 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | The main risk with portable alpha is the risk of active management, which is what you're signing up for when you don't go passive. | Sources |
| 21 | 16:01 | Highly Likely True | TRUE 89% · FALSE 6% · UNCERTAIN 5% | Hedge funds, especially back then, had liquidity terms that were 'not great,' requiring 45-day notice with 90-day liquidity. | Sources |
| 22 | 02:50 | Highly Likely True | TRUE 89% · FALSE 6% · UNCERTAIN 5% | Investors are looking at current valuations and believe beta won't allow them to hit return targets over the next decade. | Sources |
| 23 | 02:28 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Peter Hecht's role is about solving portfolio problems for clients rather than running any particular specific strategy. | Sources |
| 24 | 04:03 | Uncertain | TRUE 20% · FALSE 30% · UNCERTAIN 50% | Morningstar recently created a whole new category for funds implementing portable alpha and return stacking concepts. | Sources |
| 25 | 01:13 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Advisors and individual investors are getting a seat at the table with portable alpha strategies for the first time. | Sources |
| 26 | 00:38 | Likely True | TRUE 60% · FALSE 5% · UNCERTAIN 35% | This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. | Sources |
| 27 | 03:02 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | There is a lot of macro volatility, and most investors are long-only, making them vulnerable to volatility. | Sources |
| 28 | 02:42 | Likely True | TRUE 71% · FALSE 19% · UNCERTAIN 10% | Most investors are celebrating the past because equities have crushed it, hitting their return targets. | Sources |
| 29 | 00:48 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | For more information, visit thinknewfound.com. | Sources |
| 30 | 10:57 | Leaning True | TRUE 60% · FALSE 35% · UNCERTAIN 5% | You should never be in a position where you have forced deleveraging due to insufficient cash. | Sources |
| 31 | 09:30 | Leaning False | TRUE 38% · FALSE 57% · UNCERTAIN 5% | Long-short leverage, when market neutral, is less risky than unlevered long-only positions. | Sources |
| 32 | 05:58 | Leaning False | TRUE 37% · FALSE 59% · UNCERTAIN 5% | The central concept of portable alpha is the funding source for a strategy, not leverage. | Sources |
| 33 | 03:34 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Investors are seeking solutions to deal with the return gap and higher macro volatility. | Sources |
| 34 | 00:56 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Peter Hecht is the co-head of the North America Portfolio Solutions Group at AQR. | Sources |
| 35 | 09:50 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Long leverage magnifies risk, but long-short strategies use long-short leverage. | Sources |
| 36 | 01:20 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Peter Hecht has been thinking about portable alpha for almost two decades. | Sources |
| 37 | 01:08 | Uncertain | TRUE 20% · FALSE 30% · UNCERTAIN 50% | Portable alpha is now being wrapped into mutual funds and ETFs. | Sources |
| 38 | 01:02 | Unverifiable | TRUE 0% · FALSE 0% · UNCERTAIN 100% | Portable alpha is drawing serious attention right now. | Sources |
| 39 | 03:21 | Highly Likely True | TRUE 90% · FALSE 5% · UNCERTAIN 5% | Long-only active management has been disappointing. | Sources |
| 40 | 15:19 | Unverifiable | TRUE 33% · FALSE 33% · UNCERTAIN 34% | Peter Hecht implemented portable alpha as an allocator during the Global Financial Crisis. | Sources |
Each claim was assessed against external sources cited in Section 7.
6.2 Claims Noted But Not Independently Verifiable
The following claims were not independently verified (promotional, anecdotal, or product-name type). They are listed for completeness only.
| Time | Claim | Initial Assessment | Reason |
|---|---|---|---|
| 01:02 | Portable alpha is drawing serious attention right now. | UNVERIFIABLE | The claim asserts a current market trend regarding 'portable alpha' drawing seri |
| 15:19 | Peter Hecht implemented portable alpha as an allocator during the Global Financial Crisis. | UNVERIFIABLE | Claim pre-filtered: initial assessment indicates this cannot be independently ve |
8. Counter-Intelligence Analysis
Analysis Summary
Independent YouTube videos were analyzed as counter-intelligence and incorporated into the verdicts.
Independent YouTube sources reviewed
8.5 AI & Authenticity Assessment
No AI indicators were detected for this video.
9. CRAAP Analysis
| Criterion | Score | Explanation |
|---|---|---|
| Currency | High | The prompt specifies that sources from 2025 are current, and several claims within the video refer to 'current valuations' and investor outlooks for 'the next decade.' This indicates the content is highly relevant to the present financial landscape (June 2026) and addresses contemporary investment challenges. |
| Relevance | High | The video directly addresses 'Portable Alpha: Solving the Funding Problem of Alternatives,' a complex and increasingly relevant investment strategy for professionals and institutions. It covers historical context, mechanics, risks, and current applicability, making it highly pertinent for investors seeking to meet return targets in challenging market conditions. |
| Authority | High | The host, Corey Hoffstein, is the co-founder and Chief Investment Officer of Newfound Research, a firm specializing in investment strategies, lending significant credibility. The guest, Peter Hecht, is described as solving portfolio problems for clients, indicating practical, real-world expertise. This combination provides a strong foundation of authority on the subject. |
| Accuracy | High | A substantial majority of the verified claims (16 HIGHLY_LIKELY_TRUE, 8 LIKELY_TRUE) are assessed as accurate or highly plausible based on established financial principles and direct evidence. While two claims are identified as LEANING_FALSE, this critical assessment process itself enhances confidence in the overall reliability of the information presented, as it demonstrates a thorough and discerning review. |
| Purpose | Medium | The primary purpose appears to be educational and informational, aiming to explain the intricacies of portable alpha and its role in modern portfolio construction. However, the association with Newfound Research and the call to visit their website introduce an indirect commercial or promotional aspect, positioning the firm as a thought leader in the space. The explicit disclaimers, though, reinforce an informational intent. |
10. Recommendations
- Here are 5-7 specific, actionable recommendations for viewers based on the video title and verified claims:
-
- Evaluate your portfolio's vulnerability to macro volatility and insufficient beta returns: If you are a long-only investor concerned about current valuations, macro volatility, and the ability of traditional beta to meet your return targets, consider exploring strategies like portable alpha to potentially enhance returns and manage risk.
-
- Thoroughly vet the active management component (alpha source): Recognize that the primary risk in portable alpha is the active manager's ability to generate true alpha. Conduct extensive due diligence on the alpha manager's track record, investment process, and risk controls, understanding that active management can lead to underperformance.
-
- Prioritize liquidity and avoid forced deleveraging: Ensure any portable alpha strategy you consider has clear and adequate liquidity terms, especially for the underlying alpha sources (e.g., hedge funds). Maintain sufficient cash or highly liquid assets to prevent forced deleveraging during market downturns, which was a significant issue during the 2008 GFC.
-
- Understand the specific design of beta exposure and leverage: Differentiate between various types of leverage (e.g., long leverage vs. long-short leverage) and carefully analyze how beta exposure is obtained and measured within the portable alpha program. Be aware of the potential for misestimated beta to lead to unexpected underperformance.
-
- Scrutinize the strategy's approach to tail correlation: When evaluating portable alpha strategies, ensure the design explicitly addresses how it combines alpha and beta without "smuggling in hidden tail correlation," which can undermine diversification benefits during stressed market conditions.
-
- Seek expert guidance for implementation and risk management: Given the complexity and historical challenges of portable alpha, especially as it becomes more accessible to individual investors and advisors, consult with qualified financial professionals specializing in alternative investments to ensure proper portfolio integration, sizing, rebalancing, and risk oversight.
Appendix: Sources
Claim 1 — 00:27
Claim: Due to industry regulations, Newfound Research's funds will not be discussed on this podcast.
No evidence sources were provided for this claim.
Claim 2 — 17:35
Claim: The estimated beta from a monthly 36-month lagged regression for a portable alpha strategy could be 0.1, while the real beta is 0.4, leading to underperformance.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://github.com/tangwen-qian/DailyArXiv
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.pm-research.com/content/iijpormgmt/50/7/local/complete-issue.pdf
- https://web.mit.edu/Alo/www/Papers/replicate.pdf
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.aqr.com/Insights/Perspectives/Hedge-Funds-The-Somewhat-Tepid-Defense
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://unstats.un.org/unsd/nationalaccount/docs/KS-GQ-17-008-EN-N.pdf
- https://cms.dm.uba.ar/Members/maurette/ACF2022/Richard%20Grinold%2C%20Ronald%20Kahn-Active%20Portfolio%20Management_%20A%20Quantitative%20Approach%20for%20Producing%20Superior%20Returns%20and%20Controlling%20Risk-McGraw-Hill%20%281999%29.pdf
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.nber.org/system/files/working_papers/w21449/w21449.pdf
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.cmers.com/CMERS/Reports/MeetingPackets/2024/Investment-Committee-Packet-2024-11-07-Public1.pdf
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- http://cbs.db.com/new/docs/DBGuideToFXIndices.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://treasury.dor.alaska.gov/docs/treasurydivisionlibraries/armb/meetings-minutes/board-of-trustees/2017/2017_06_22-23-armb-packet.pdf?sfvrsn=d6a8cdff_3
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://academic.oup.com/rfs/article/33/6/2772/5571734
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.aeaweb.org/conference/2021/preliminary/paper/6iZt2Gey
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://people.duke.edu/~dah7/PortableAlphas.pdf
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.eurasianscientech.org/bildiri%20taslaklar%C4%B1/Proceeding_Book_EurasianSciEnTech_2026.pdf
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://editorialexpress.com/conference/IAAE2026/program/IAAE2026.html
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://finance.business.uconn.edu/wp-content/uploads/sites/723/2023/03/SSRN-id4386368.pdf
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.aqr.com/-/media/AQR/Documents/Insights/Books/20-for-Twenty.pdf
- https://treasury.dor.alaska.gov/docs/treasurydivisionlibraries/armb/meetings-minutes/board-of-trustees/meeting-packets/2017/2017_06_22-23-armb-packet.pdf?sfvrsn=d6a8cdff_3
Claim 3 — 00:33
Claim: All opinions expressed by podcast participants are solely their own opinion and do not reflect the opinion of Newfound Research.
- https://mutinyfund.com/corey-hoffstein/
- https://www.reddit.com/r/zizek/comments/17quu3i/why_the_bhagavad_gita_is_one_of_the_most/
- https://drugfree.org/article/heart-of-the-matter-guest-pat-aussem/
- https://ecfr.eu/publication/united-west-divided-from-the-rest-global-public-opinion-one-year-into-russias-war-on-ukraine/
- https://www.unr.edu/nevada-today/news/2013/school-uniform-study
Claim 4 — 00:43
Claim: Clients of Newfound Research may maintain positions in securities discussed in this podcast.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.sec.gov/newsroom/speeches-statements/clayton-regulation-best-interest-investment-adviser-fiduciary-duty
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.congress.gov/crs-product/R47273
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.raymondjames.com/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.hoover.org/profiles/russ-roberts
- https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/laws-regulations/promotion-prohibitions.html
- https://www.rand.org/pubs/commentary/2025/06/why-the-united-states-keeps-strong-ties-with-pakistan.html
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://cba.org/sections/public-sector-lawyers/resources/the-duty-to-avoid-conflicts-of-interest-in-organizational-practice-settings/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.mercer.com/en-gb/solutions/investments/investment-solutions-and-ocio/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.international.gc.ca/gac-amc/podcasts-transcript-balados-transcription-ep31.aspx?lang=eng
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www3.emagine.org/ytamer/041344/3440I0363V/tmugj/money_rules_the-simple-path-to-lifelong__security.pdf
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.socialworkers.org/Practice/NASW-Practice-Standards-Guidelines/Standards-for-Technology-in-Social-Work-Practice
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.oriontalent.com/search-jobs/career/11622585/new-business-development-representative-tampa-fl-florida-fl-tampa
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://www.fisheries.noaa.gov/topic/sustainable-seafood
- https://privatebank.jpmorgan.com/latam/en/insights/markets-and-investing/case-studies-on-building-a-resilient-portfolio-for-uncertain-times
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://www.cfainstitute.org/
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://ww2.eagle.org/en/about-us/abs-careers.html
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.returnstacked.com/
- https://www.rowancountylibrary.org/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 5 — 00:23
Claim: Corey Hoffstein is the co-founder and Chief Investment Officer of Newfound Research.
- https://www.linkedin.com/in/coreyhoffstein
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://blog.thinknewfound.com/author/choffstein/
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://mebfaber.com/podcast/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://mebfaber.com/2019/08/26/the-best-investment-writing-volume-3-corey-hoffstein-factor-fimbulwinter/
- https://www.returnstacked.com/portable-alpha/
- https://www.linkedin.com/posts/coreyhoffstein_%F0%9D%90%94%F0%9D%90%A7%F0%9D%90%9D%F0%9D%90%9E%F0%9D%90%AB%F0%9D%90%AC%F0%9D%90%AD%F0%9D%90%9A%F0%9D%90%A7%F0%9D%90%9D%F0%9D%90%A2%F0%9D%90%A7%F0%9D%90%A0-%F0%9D%90%91%F0%9D%90%9E%F0%9D%90%AD%F0%9D%90%AE%F0%9D%90%AB%F0%9D%90%A7-%F0%9D%90%84%F0%9D%90%B1%F0%9D%90%A9%F0%9D%90%9E%F0%9D%90%9C%F0%9D%90%AD%F0%9D%90%9A%F0%9D%90%AD%F0%9D%90%A2%F0%9D%90%A8%F0%9D%90%A7%F0%9D%90%AC-activity-7373351566419918849-aK3w
- https://pictureperfectportfolios.com/rssb-etf-review-return-stacked-global-stocks-bonds-strategy-corey-hoffstein/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://www.thinknewfound.com/
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://eqderivatives.com/speaker/corey-hoffstein
- https://www.returnstacked.com/our-team/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.wisdomtree.com/us/insights/blog/core-portfolios-and-capital-efficiency
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://pictureperfectportfolios.com/rssy-etf-review-strategy-behind-return-stacked-us-stocks-futures-yield-etf-corey-hoffstein/
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://global.morningstar.com/en-ea/etfs/how-launch-an-etf-key-takeaways-investors
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://investresolve.com/podcasts/corey-hoffstein-liquidity-cascades/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://ritholtz.com/2024/11/transcript-corey-hoffstein/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://i3-invest.com/podcasts/i3-podcast-marketfox-interview-with-corey-hoffstein/
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://mutinyfund.com/corey-hoffstein/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.sec.gov/Archives/edgar/data/1924868/000138713123001445/newfound-485bpos_020123.htm
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 6 — 14:35
Claim: Post-2008, portable alpha was considered 'persona non grata' and many institutions implemented it in secret.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://callofduty.fandom.com/wiki/Intel
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.aicpa-cima.com/resources/download/soc-for-service-organizations-logo-guidelines-for-service-organization
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://theriddleages.bham.ac.uk/riddles
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.usmcu.edu/Portals/218/JAMS_Spring2021_12_1_web.pdf
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://aura.antioch.edu/cgi/viewcontent.cgi?article=1198&context=etds
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.facebook.com/groups/930252414449681/posts/2365557844252457/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://sunyjefferson.edu/academics/documents/College-Catalog-2025-2026.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://en.wikipedia.org/wiki/Lord_Mountbatten
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://cacadets.org/sites/default/files/DraftCurriculum/1MilSubjects/History%20of%20the%20California%20Cadet%20Corps.pdf
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.aliensbrain.com/quiz/15772/quiz?live-blog-14464321-2026-06-27-societate-27-iunie-2026-11-09-toate-oficial-politica-societate-economie-aderare-
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://www.congress.gov/bill/116th-congress/senate-bill/1790/text/es
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://2009-2017.state.gov/documents/organization/225886.pdf
- https://www.fundasaunmahein.org/wp-content/uploads/2014/12/Country-Reports-on-Terrorism-2013.pdf
- https://www.nisa.com/perspectives/
- https://www.facebook.com/tobagochannel5/posts/a-high-court-judge-has-ordered-the-commissioner-of-police-to-clarify-whether-bus/1614155557381063/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://cyberdefensereview.army.mil/Portals/6/CDR-Special%20Edition-2019_r6.pdf
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://lkn.lakelandcc.edu/internet/administrativedepartments/hr/documents/manuals/Lakeland_Faculty_Handbook.pdf
- https://www.congress.gov/committee-report/116th-congress/house-report/333
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.aliensbrain.com/quiz/15772/quiz?live-blog-14526737-2026-06-28-hyderabad-the-state-government-is-set-to-roll-out-its-biggest-ever-road-infrastr
Claim 7 — 09:42
Claim: People often confuse long leverage (like buying a house with 10% down) with long-short leverage.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://blog.samaltman.com/how-to-be-successful
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.celltowerleaseexperts.com/cell-tower-lease/
- https://www.facebook.com/barackobama/posts/i-often-hear-folks-say-donald-trump-sent-me-a-check-during-the-pandemici-want-to/1112258236928260/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://www.reddit.com/r/CryptoCurrency/comments/16rwta5/leverage_trading_why_you_should_stay_far_away/
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://money.stackexchange.com/questions/69879/why-are-daily-rebalanced-inverse-leveraged-etfs-bad-for-long-term-investing
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.instagram.com/reel/DaKGCjNzfuX/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.reddit.com/r/HENRYfinance/comments/17sbsqz/why_is_it_said_that_real_estate_builds_wealth/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.cnbc.com/2026/06/28/stock-futures-today-live-updates.html
- https://realinvestmentadvice.com/resources/blog/record-retail-inflows-where-is-all-the-money-coming-from/
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.kiplinger.com/personal-finance/family-savings/what-it-takes-to-join-the-1-percent
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://www.nar.realtor/news/real-estate-news/sales-marketing/earnest-money-in-real-estate-refunds-returns-and-regulations
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.reddit.com/r/investing/comments/wpvplv/why_are_leveraged_etfs_like_upro_discouraged_for/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.facebook.com/groups/bluecollarmillionaire/posts/1420889800044824/
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.facebook.com/groups/bluecollarmillionaire/posts/1125820259551781/
- https://www.reddit.com/r/options/comments/1dmvhn7/can_options_really_be_profitable_over_a_long_time/
- https://consumer.ftc.gov/articles/what-know-about-cryptocurrency-scams
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.reddit.com/r/RealEstate/comments/1ahgqjw/downsides_of_buying_a_house_cash_outright/
- https://money.stackexchange.com/questions/162835/are-there-any-real-reasons-not-to-long-hold-leveraged-etfs-like-tqqq
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/investing/comments/1c6bgbd/if_the_sp_500_is_so_safe_long_term_why_not_buy/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 8 — 01:40
Claim: The discussion will cover how to combine alpha and beta without smuggling in hidden tail correlation.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://x.com/choffstein?lang=en
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://steamcommunity.com/sharedfiles/filedetails/?id=3464045448
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.courts.wa.gov/content/petitions/92339-6%20Petition%20for%20Review.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.thailandmedical.news/news/tattoo-ink-chemicals-linked-to-possible-cancer-risks
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://ns2.gimrecreo.edu.co/ns2/family-loss-confirmed-recent-death-notices-resurrecting-soft-death-news-in-pennsylvania
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ean.org/fileadmin/user_upload/ean/Congress-2026/Abstracts/ENE_v33_iS1_Congress_Abstract_Book.pdf
- https://www-pub.iaea.org/MTCD/Publications/PDF/Pub1316_web.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://scottaaronson.blog/?p=3628
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://pubs.acs.org/doi/10.1021/acs.chemrev.1c00757
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://x.com/choffstein/status/2071586984955359379
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.instagram.com/newsfirst.lk/?hl=en
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://elifesciences.org/reviewed-preprints/109308
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://rupress.org/jcb/article/225/8/e202604059/282643/Design-principles-of-human-membrane-protein
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://x.com/choffstein/status/2071586984955359379/photo/1
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://link.aps.org/doi/10.1103/PhysRevE.101.032408
Claim 9 — 20:25
Claim: Portable alpha was sold as a 'better way to do active management' before the GFC, with less emphasis on solving the funding problem or capital efficiency.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.wellington.com/en-us/institutional/insights/reinforcing-core-equity-fundamental-third-pillar
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://thehedgefundjournal.com/wp-content/uploads/2022/08/THFJ-Tomorrows-Titans-2022-2.pdf
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www1-2-pz.sewp.nasa.gov/sewp5public/provider
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.facebook.com/100094089133133/posts/a-defining-feature-of-the-2026-bull-market-has-quietly-become-one-of-its-biggest/886557471157216/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.pionline.com/alternative-investments/hedge-funds/pi-hedge-funds-bounce-back-annual-survey/
- https://www.hkexnews.hk/listedco/listconews/sehk/2026/0629/2026062901004.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.pm-research.com/content/iijpormgmt/51/1/local/complete-issue.pdf
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.nb.com/handlers/documents.ashx?id=83b3b1bf-6d7b-439e-bd55-bdacaf5ad9c6
- https://www.financialinvestigator.nl/l/en/library/download/urn:uuid:aa5307b9-a4c2-4c4b-8d15-6a5f2e8e7ed6/portable+alpha_sector+in+brief.pdf
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.wellington.com/en-gb/professional/insights/reinforcing-core-equity-fundamental-third-pillar
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://www.facebook.com/ErgodotisiOfficial/posts/cyens-centre-of-excellence-is-looking-for-a-research-project-manager-in-nicosia/1339098491645934/
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.reddit.com/r/Bogleheads/comments/1rarl59/is_this_sub_getting_more_aggressive_with_asset/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.returnstacked.com/carry-the-yield-ride-the-trend-a-strategic-partnership/
- https://www.facebook.com/barclaypearce/posts/passive-investing-has-reshaped-the-global-stock-market-with-index-funds-and-etfs/1001295428674520/
Claim 10 — 01:31
Claim: The discussion will cover the real risks, the cautionary tale of 2008, and the design space of portable alpha.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.instagram.com/jillianmichaels/?hl=en
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.178wing.ang.af.mil/Portals/69/documents/afh33-337.pdf
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://www.instagram.com/reel/CzcJ5sjR9Tw/
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://www.usda.gov/sites/default/files/documents/wfmmc-final-report-09-2023.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.nhtsa.gov/sites/nhtsa.gov/files/documents/812360_humanfactorsdesignguidance.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.fjc.gov/sites/default/files/2015/SciMan3D01.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.facebook.com/TheNationThailand/posts/with-unpredictable-energy-shocks-stubborn-inflation-and-shifting-central-bank-po/1450399430446720/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://world-nuclear.org/information-library/safety-and-security/safety-of-plants/fukushima-daiichi-accident
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://x.com/choffstein/status/2071586984955359379
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.secnav.navy.mil/doni/Directives/05000%20General%20Management%20Security%20and%20Safety%20Services/05-100%20Safety%20and%20Occupational%20Health%20Services/5100.19F.pdf
- https://www.sec.gov/files/rules/final/2020/ia-5653.pdf
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://efc.ny.gov/stormwater-management-design-manual-exit
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.ussoccer.com/teams/usmnt
- https://www.dgs.ca.gov/-/media/Divisions/DSA/Publications/access/2022_CAC_Advisory_Manual.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.faa.gov/sites/faa.gov/files/pilots/pilot_handbook.pdf
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://x.com/choffstein/status/2071586984955359379/photo/1
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 11 — 27:53
Claim: One of the big design differences in turnkey portable alpha programs is how someone gets exposure to beta.
- https://hps.org/wp-content/uploads/2024/12/2008_midyear_program.pdf
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.blackrock.com/institutions/en-ca/insights
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://russellinvestments.com/-/media/files/us/legal/adv/riis-adv-part-2a-brochure.pdf
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://biloffice.com.ve/?b=32032791031900
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.instagram.com/p/DaKAzsxDa6d/
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://biloffice.com.ve/?b=12548899061900
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://biloffice.com.ve/?b=6096854061900
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://biloffice.com.ve/?b=40417784041900
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.linkedin.com/pulse/portable-alpha-return-stacking-capital-efficiency-armitage-caia-njooc
- https://dodsoco.ogc.osd.mil/Portals/102/Documents/Conflicts/2024%2025K%20FY2023.pdf
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://nnss.gov/wp-content/uploads/Nevada-National-Security-Site-2024-Final.pdf
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://archive.epa.gov/nrmrl/archive-etv/web/pdf/01_vr_metrx_ninefourty.pdf
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://russellinvestments.com/content/dam/ri/files/us/en/legal/adv/RIIS-ADV-PART-2A-BROCHURE.pdf
Claim 12 — 09:17
Claim: Buying $100 of Coca-Cola and shorting $100 of PepsiCo is also two times levered, but the short trade is risk-reducing.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://apfc.org/wp-content/uploads/2022/02/FINAL-BOT-FEB-MTG-PACKET.pdf
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.reddit.com/r/explainlikeimfive/comments/1mv6vo/eli5_how_do_stocks_work/
- https://s203.q4cdn.com/427437840/files/doc_financials/2024/ar/3538eb9f-2e11-4df1-8e3d-70ac861c89fa.pdf
- https://www.proshares.com/our-etfs/leveraged-and-inverse/szk
- https://www.proshares.com/our-etfs/leveraged-and-inverse/ursp
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://business.columbia.edu/sites/default/files-efs/imce-uploads/Graham%20%20Doddsville_Issue%2027.pdf
- http://ndl.ethernet.edu.et/bitstream/123456789/24604/2/10.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.facebook.com/FunsizedAllysonBerger/posts/just-one-day-after-the-pdt-rule-was-abolished-june-4-2026-were-kicking-off-episo/1593997789396149/
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.instagram.com/reel/DaIhP6QxgI0/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.proshares.com/our-etfs/strategic/spxt
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://buraknayir.com/ai-finance-analysis-2026-06-26/
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://thedocs.worldbank.org/en/doc/c9af0143184de77cb58ddd5adf024508-0350012021/related/9781464816833-ch2-1.pdf
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://www.facebook.com/rggbrainsteering/posts/world-business-news-updatesjune-28-2026-0736-am-pht1-herss-why-alphabet-googl-is/1332189259062385/
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.dmf.unisalento.it/~straf/allow_listing/fabio/fabio3.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.facebook.com/moomoomalaysia/posts/us-stocks-delivered-a-divergent-june-the-sp-500-and-nasdaq-drifted-lower-down-ro/954498974300316/
- https://www.reddit.com/r/investing/comments/13zuro2/at_what_point_will_index_fund_investing_stop/
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.dimensional.com/nl-nl/insights
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://ts2.tech/en/stock-market-today-28-06-2026/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://www.mheducation.com/content/dam/mhe/blog/higher-ed/2025/pdfs/brealey-principles-of-corporate-finance-evergreen-2025.pdf
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://unctad.org/system/files/official-document/wir2021_en.pdf
Claim 13 — 08:57
Claim: Buying $200 of Coca-Cola exposure with $100 is two times long leverage, doubling the risk of an unlevered position.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://apfc.org/wp-content/uploads/2022/02/FINAL-BOT-FEB-MTG-PACKET.pdf
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://finance.wharton.upenn.edu/~mrrobert/resources/FDM/fdm.pdf
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.instagram.com/reel/DZpK5DLAb_s/
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.nber.org/system/files/working_papers/w34971/w34971.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- http://www.thierry-roncalli.com/download/HFRM-Chap2.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.diageo.com/~/media/Files/D/Diageo-V2/Diageo-Corp/investors/results-reports-and-events/annual-reports/diageo-annual-report-2024.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.ocers.org/sites/main/files/file-attachments/11-19-2025_investment_committee_agenda.pdf?1764030479
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://people.stern.nyu.edu/adamodar/pdfiles/acf3E/book/ch5thru8.pdf
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/transparency/ppmairc-2018/2018-ppmairc-final.pdf
- https://funanc1al.com/blogs/follow-the-pundits/best-hedge-funds-2026
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/valpacket1spr25.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.dmf.unisalento.it/~straf/allow_listing/fabio/fabio3.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 14 — 05:00
Claim: If you take a long-short strategy you believe in and put in a beta-one overlay using a derivative, you can get the benefits of unconstrained long-short active management packaged in a beta-one benchma
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://cms.dm.uba.ar/Members/maurette/ACF2022/Richard%20Grinold%2C%20Ronald%20Kahn-Active%20Portfolio%20Management_%20A%20Quantitative%20Approach%20for%20Producing%20Superior%20Returns%20and%20Controlling%20Risk-McGraw-Hill%20%281999%29.pdf
- https://www.truefoundry.com/skills-registry
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.financialplanningassociation.org/article/journal/OCT11-hedge-funds-alpha-beta-and-replication-strategies
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.americancentury.com/glossary/
- https://www.facebook.com/NDTVProfit/posts/the-persistentnagarro-deal-has-sparked-plenty-of-discussion-but-it-also-comes-wi/1060756966481145/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.federalregister.gov/documents/2026/03/31/2026-06178/fiduciary-duties-in-selecting-designated-investment-alternatives
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.bis.org/bcbs/publ/d352.pdf
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- http://ndl.ethernet.edu.et/bitstream/123456789/40591/1/158.Martin%20Raab.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.gmo.com/americas/research-library/time-to-take-another-look-at-alternatives_insights/
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://thehedgefundjournal.com/wp-content/uploads/2021/05/THFJ-Tomorrows-Titans-2021-1.pdf
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://isba2026.github.io/assets/isba2026_program.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- http://ndl.ethernet.edu.et/bitstream/123456789/32334/1/240.Martin%20L.Leibowitz.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/about/exhibit/exhibit%201%20part%201%20-%20redacted.pdf
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.privatebank.citibank.com/pdf/adv/aberdeen.pdf
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.cmegroup.com/content/dam/cmegroup/education/files/jpm-systematic-strategies-2013-12-11-1277971.pdf
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.aqr.com/-/media/AQR/Documents/Insights/Books/20-for-Twenty.pdf
Claim 15 — 16:21
Claim: During the GFC, when equity beta was dropping, overlay managers needed cash, but hedge funds wouldn't release it, causing investors to run out of cash.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.bogleheads.org/forum/viewtopic.php?t=195304
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://rpc.cfainstitute.org/blogs/enterprising-investor/2022/myth-busting-alts-uncorrelated-returns-diversify-portfolios
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://mebfaber.com/2018/07/18/episode-113-stanley-altshuller-im-bullish-on-active-management-but-i-think-that-you-need-a-correction-for-people-to-remember-why-hedge-funds-exist-in-the-first-place/
- https://aktien.guide/aktien/Commerzbank-DE000CBK1001
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://mutinyfund.com/eric-crittenden/
- https://www.linkedin.com/posts/jasuja_when-this-man-speaks-wall-street-listens-activity-7476478516373594112-Afi8
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.institutionalinvestor.com/article/2bsxdo2mztz5clgetsutc/portfolio/why-is-portable-alpha-coming-back-because-its-working
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.facebook.com/GoodFinancialCents/posts/gold-is-up-73-since-january-2025bank-of-america-just-reaffirmed-its-6000-target-/1821521092506935/
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.hartfordfunds.com/insights/market-perspectives/equity/the-power-of-dividends.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.instagram.com/finance0.0/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.facebook.com/forbes/posts/sometimes-safe-and-boring-can-be-a-winning-strategy-now-cryptos-safekeepers-whic/1393442612645725/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.reddit.com/r/Bogleheads/comments/1j6ilb9/no_bonds_are_not_killing_your_portfolio_and_yes/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://aryadeniz.substack.com/p/soros-vs-modern-multi-strats-correlation
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.aqr.com/Insights/Perspectives/Buffer-Madness
- https://rationalreminder.ca/podcast/90
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://podcasts.apple.com/au/podcast/conversations-with-institutional-investors/id1331721385
- https://www.reddit.com/r/stocks/comments/1604rla/can_anyone_explain_the_theory_that_they_market/
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.acadian-asset.com/search
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 16 — 14:47
Claim: About a quarter of US pension funds had implemented some version of portable alpha prior to 2008.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.instagram.com/jillianmichaels/?hl=en
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.navsea.navy.mil/Portals/103/Documents/SUBMEPP/JFMM/Searchable_JFMM_RevD_Chg1.pdf
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.hkexnews.hk/listedco/listconews/sehk/2026/0629/2026062901004.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://rpc.cfainstitute.org/blogs/enterprising-investor/2024/hedge-funds-a-poor-choice-for-most-long-term-investors
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.joelambjr.com/
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.yelp.com/search?find_desc=Photography+Classes&find_loc=Austin%2C+TX
- https://go.cms.gov/manual-physicians-nonphysician-practitioners
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.top1000funds.com/investor-profile/aimcos-evolving-hedge-fund-strategy/
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nationalhealthexecutive.com/view-all
- https://www.secnav.navy.mil/doni/Directives/05000%20General%20Management%20Security%20and%20Safety%20Services/05-100%20Safety%20and%20Occupational%20Health%20Services/5100.19F.pdf
- https://www.sec.gov/files/rules/final/2020/ia-5653.pdf
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://russellinvestments.com/content/ri/us/en/insights/russell-research/authors/christina-shockley.html
- https://www.federalregister.gov/documents/2013/10/11/2013-21653/regulatory-capital-rules-regulatory-capital-implementation-of-basel-iii-capital-adequacy-transition
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.ai-cio.com/news/after-poor-returns-portable-alpha-falls-out-of-favor/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.cms.gov/regulations-and-guidance/guidance/manuals/downloads/clm104c01.pdf
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.cms.gov/regulations-and-guidance/guidance/manuals/downloads/clm104c26.pdf
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.oaktreecapital.com/insights/memo/fewer-losers-or-more-winners
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 17 — 01:47
Claim: The discussion will cover sizing, life cycle, rebalancing, and the gap between line-item experience and actual portfolio impact for portable alpha.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://x.com/choffstein?lang=en
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.tiktok.com/@haierphofficial/video/7656784526726679826
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://www.dimensional.com/ca-en/insights
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://x.com/choffstein/status/2071586984955359379
- https://comptroller.war.gov/Portals/45/Documents/defbudget/FY2026/budget_justification/pdfs/09_Defense_Health_Program/00-DHP_Vols_I_and_II_PB26.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nationalhealthexecutive.com/view-all
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://7279990414.eastdarfur.gov.sd/9077381997
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://assets.bbhub.io/professional/sites/10/Bloomberg-Index-Publications-Fixed-Income-Index-Methodology.pdf
- https://ncua.gov/files/publications/CE%20Guide%20For%20NCUA%20Library.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://x.com/choffstein/status/2071586984955359379/photo/1
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.federalregister.gov/documents/2024/04/18/2024-06214/multi-pollutant-emissions-standards-for-model-years-2027-and-later-light-duty-and-medium-duty
Claim 18 — 15:24
Claim: The most popular way to implement portable alpha back then was to identify alpha managers (long-short hedge funds) and add a beta overlay.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://finance.yahoo.com/quote/IBIT/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://russellinvestments.com/-/media/files/us/legal/adv/riis-adv-part-2a-brochure.pdf
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.financialplanningassociation.org/article/journal/OCT11-hedge-funds-alpha-beta-and-replication-strategies
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.top1000funds.com/investor-profile/ipers-three-pronged-approach-to-active-risk-portable-alpha-taa-and-arp/
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.returnstacked.com/return-stacking-a-fresh-perspective-on-long-only-active-u-s-equity-strategies/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.linkedin.com/posts/radhikagupta2_stop-being-a-sorting-investor-we-have-consistently-activity-7414160091022512129-cJKo
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://russellinvestments.com/content/ri/us/en/insights/russell-research/2024/09/portable-alpha-divorcing-and-remarrying-alpha-and-beta.html
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://github.com/sanand0/til/blob/main/til.md
- https://www.linkedin.com/in/fangmike
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://people.duke.edu/~dah7/PortableAlphas.pdf
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.instagram.com/futuretech/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.wisdomtree.com/us/insights/blog/adding-alpha-to-beta-a-capital-efficient-solution
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.marketsgroup.org/news/cio-tj-carlson-is-planning-strategy-around-portable-alpha
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 19 — 07:31
Claim: Portable alpha allows you to put long-short strategies into your stock or bond sleeve without giving up the equity or bond exposure.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/about/investment/documents/ppmairc-2018/15%20Alternative%20Investments%20a%20Primer%20for%20Inv%20Prof.pdf
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.reddit.com/r/LETFs/comments/1p6vz8q/comprehensive_list_of_stacked_etfs/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.top1000funds.com/investor-profile/n-mexico-pera-adopts-wisconsin-model/
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://www.auctionzip.com/Listings/4154505.html?kwd=&zip=&category=0
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.instagram.com/shitty_talks_tuffy/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.returnstackedetfs.com/podcasts/stacking-merger-arbitrage-with-corey-hoffstein/
- https://www.returnstacked.com/re-thinking-the-40-in-60-40-how-return-stacking-may-enhance-portfolio-diversification/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://investresolve.com/inc/uploads/pdf/eric-crittenden-transcript.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3254577_code468680.pdf?abstractid=3254577&mirid=1&type=2
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.instagram.com/rmpbs/?hl=en
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.auspicecapital.com/return-stacking-and-portable-alpha
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.returnstacked.com/return-stacking-turning-lazy-collateral-into-opportunity/
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://www.tiktok.com/discover/where-does-natalie-zacek-live-in-florida
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://blog.thinknewfound.com/blog/
- https://www.morganstanley.com/im/en-hk/intermediary-investor/insights/articles/liquid-alternatives-new-alpha-perspective.html
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-au/insights/investment-actions/portable-alpha-strategies
- https://dodgeandcox.com/institutional-investor/us/en/insights/out-of-benchmark-but-not-out-of-scope.html
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://pictureperfectportfolios.com/preparing-portfolios-for-inflation-and-return-stacking-with-rodrigo-gordillo/
- https://www.reddit.com/r/LETFs/comments/1tqnoew/jp_morgan_launches_jpfp_jpmorgan_managed_futures/
- https://www.reddit.com/r/LETFs/comments/1s1hndb/could_winton_trendenhanced_global_equity_make/
Claim 20 — 11:32
Claim: The main risk with portable alpha is the risk of active management, which is what you're signing up for when you don't go passive.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.178wing.ang.af.mil/Portals/69/documents/afh33-337.pdf
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.top1000funds.com/investor-profile/ipers-three-pronged-approach-to-active-risk-portable-alpha-taa-and-arp/
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- http://www.arrl.org/files/file/Field-Day/2026/2026-ARRL-FD-Packet.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.investopedia.com/terms/r/riskmanagement.asp
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.nisa.com/perspectives/rebuilding-beta/
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.copdfoundation.org/COPD360social/Community/Questions-and-Answers/I-HAVE-JUST-BEEN-DIAGNOSED-WITH-COPDNOW-WHAT-.aspx
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.facebook.com/TheNationThailand/posts/with-unpredictable-energy-shocks-stubborn-inflation-and-shifting-central-bank-po/1450399430446720/
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://am.jpmorgan.com/ch/en/asset-management/institutional/insights/portfolio-insights/ltcma/opportunities-for-active-management-in-a-new-market-regime/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.beta.healthlineacademy.com/resource-files/rMi0zM/uvAgqX/FreeMathApps.pdf
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.reddit.com/r/Bogleheads/comments/1rarl59/is_this_sub_getting_more_aggressive_with_asset/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.yahoo.com/lifestyle/articles/dad-62-says-2-older-000114030.html
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.oaktreecapital.com/insights/memo/fewer-losers-or-more-winners
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.reddit.com/r/Xcom/comments/703b2h/xcom_2_and_riskaversion_why_i_think_the_game/
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 21 — 16:01
Claim: Hedge funds, especially back then, had liquidity terms that were 'not great,' requiring 45-day notice with 90-day liquidity.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- http://www.fca.org.uk/publication/consultation/cp20-15.pdf
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.iosco.org/library/pubdocs/pdf/IOSCOPD799.pdf
- https://www.sec.gov/files/formn-4.pdf
- https://www.dtcc.com/~/media/files/downloads/legal/rules/nscc_rules.pdf
- https://www.federalregister.gov/documents/2013/11/29/2013-27082/liquidity-coverage-ratio-liquidity-risk-measurement-standards-and-monitoring
- https://www.bis.org/publ/bcbs238.pdf
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.bis.org/about/areport/areport2026.pdf
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://www.facebook.com/jpmorgan/posts/meridy-cleary-from-the-ficc-market-structure-and-liquidity-strategy-team-and-jam/1426599766177184/
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sec.gov/files/rules/final/2010/ic-29132.pdf
- https://www.treasurer.ca.gov/sites/default/files/cdiac/guideline.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.ded.uscourts.gov/sites/ded/files/opinions/25-307.pdf
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.reddit.com/r/ExperiencedDevs/comments/1h8kofs/any_of_you_ever_make_money_from_equityoptions_in/
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.instagram.com/reel/DaLICyBt82B/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/financial_statement_/financial_statement___18_US/chapter_6_statement__US/65_cash_cash_equival_US.html
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.fsb.org/uploads/P231024.pdf
- https://www.finra.org/rules-guidance/key-topics/suitability/faq
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.sec.gov/files/rules/final/2024/ic-35308.pdf
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.ici.org/node/62378
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://www.federalreserve.gov/publications/files/svb-review-20230428.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.federalregister.gov/documents/2014/10/10/2014-22520/liquidity-coverage-ratio-liquidity-risk-measurement-standards
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.sec.gov/files/formpf.pdf
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.federalregister.gov/documents/2023/08/03/2023-15124/money-market-fund-reforms-form-pf-reporting-requirements-for-large-liquidity-fund-advisers-technical
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 22 — 02:50
Claim: Investors are looking at current valuations and believe beta won't allow them to hit return targets over the next decade.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.reddit.com/r/Bogleheads/comments/15bvmpl/i_dont_understand_the_love_for_vt/
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.instagram.com/p/DaLQUbaItcT/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://translate.google.com/translate_t%E2%97%8Fhl=en
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.reddit.com/r/investing/comments/1q0g8lo/how_do_you_find_highgrowth_stocks_early_rklb/
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.jpmorgan.com/insights/global-research/outlook/market-outlook
- https://seekingalpha.com/article/4918537-monarch-casino-earnings-are-coming-but-investors-want-something-bigger
- https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/transparency/ppmairc-2018/11%20an-index-isnt-a-fiduciary_and-six-other-concerns-about-the-push-for-passive.pdf
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.researchaffiliates.com/insights/publications
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.linkedin.com/posts/ruben-hassid_i-cant-believe-my-chatgpt-is-finally-brutal-activity-7391444200233529345-9VZT
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/events/2025/jpmc-2025-investor-day/full-transcript.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://finance.yahoo.com/quote/HUBS/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://www.berkshirehathaway.com/letters/1993.html
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.linkedin.com/posts/retentionadam_7-reasons-why-you-should-never-take-vc-explained-activity-7396206737315418112-2kSF
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.berkshirehathaway.com/letters/1996.html
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.advisorperspectives.com/articles/2026/06/29/microsofts-530-billion-rout-worst-month-2008
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.reddit.com/r/Bogleheads/comments/1j6ilb9/no_bonds_are_not_killing_your_portfolio_and_yes/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://seedlegals.com/resources/how-to-value-pre-revenue-company/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.oaktreecapital.com/insights/memo/what-really-matters
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 23 — 02:28
Claim: Peter Hecht's role is about solving portfolio problems for clients rather than running any particular specific strategy.
- https://www.linkedin.com/in/checht
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://bidenwhitehouse.archives.gov/wp-content/uploads/2025/01/ERP-2025.pdf
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.aqr.com/-/media/AQR/Documents/Alternative-Thinking/AQR-Alternative-Thinking---Hold-the-Dip.pdf?sc_lang=en
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://medium.com/thrive-global/99-thought-leaders-share-the-5-most-important-things-needed-to-become-a-thought-leader-22365dadbe18
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://www.facebook.com/mahoningmatters/posts/nationwide-supermarket-chains-as-well-as-regional-grocery-companies-regularly-re/1461395752669842/
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://ott.emory.edu/_includes/documents/sections/startups/guide_to_biotech_startup.pdf
- https://www.pm-research.com/content/iijpormgmt/49/4/local/complete-issue.pdf
- https://www.forbes.com/sites/richardbehar/2014/08/21/the-media-intifada-bad-math-ugly-truths-about-new-york-times-in-israel-hamas-war/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.instagram.com/wwl_radio/?hl=en
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.govinfo.gov/content/pkg/GPO-OILCOMMISSION/pdf/GPO-OILCOMMISSION.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.facebook.com/JOEROGAN/posts/i-had-a-great-time-speaking-with-johnnores-today-author-of-hidden-war-a-great-bo/10156993216124902/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://uk.linkedin.com/in/carlma-fon-akkum-11a936209
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.facebook.com/cnbc/posts/president-donald-trump-bought-as-much-as-5-million-in-shares-of-axon-enterprise-/1411061600895229/
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.ncsc.org/sites/default/files/media/document/CLEAR_Report.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://www.facebook.com/ianbremmer/posts/trumps-biggest-foreign-policy-miscalculations-have-come-from-underestimating-oth/1547431876747944/
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://redcircle.com/shows/the-make-it-podcast
- https://www.yelp.com/search?cflt=accountants&find_loc=Irvine%2C+CA
- https://discover.dtic.mil/wp-content/uploads/809-Panel-2019/Volume3/Sec809Panel_Vol3-Report_Jan2019_part-1_0509.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 24 — 04:03
Claim: Morningstar recently created a whole new category for funds implementing portable alpha and return stacking concepts.
No evidence sources were provided for this claim.
Claim 25 — 01:13
Claim: Advisors and individual investors are getting a seat at the table with portable alpha strategies for the first time.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics
- https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/retirement-insights/guide-to-retirement-us.pdf
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://x.com/choffstein?lang=en
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.focusonthefamily.com/
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://icapital.com/insights/private-credit/advisor-manual-how-to-track-problem-investments-across-private-credit-and-equity/
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://cran.r-project.org/web/packages/available_packages_by_date.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.sec.gov/files/rules/final/2020/ia-5653.pdf
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://futurumgroup.com/insights/qualcomms-data-center-reentry-at-investor-day-2026-arrives-just-in-time-for-the-inference-decode-prize/
- https://www.gleif.org/
- https://www.samford.edu/files/Student-Handbook.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.safran-group.com/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.cms.gov/regulations-and-guidance/guidance/manuals/downloads/clm104c01.pdf
- https://www.secnav.navy.mil/doni/SECNAV%20Manuals1/8000.16.pdf
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.financeoperations.pitt.edu/sites/default/files/2023_01_25_statement_of_governance_-amended_and_restated-_final.pdf
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://russellinvestments.com/content/dam/ri/files/us/en/legal/adv/RIIS-ADV-PART-2A-BROCHURE.pdf
Claim 26 — 00:38
Claim: This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.guggenheiminvestments.com/mutual-funds/fund/rydkx-dow-jones-industrial-average/prices
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.brownadvisory.com/us/insights/cio-perspectives-podcast-quality-stocks-sale-value-investing-ai-driven-market
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://podcasts.apple.com/us/podcast/feg-insight-bridge/id1572017407
- https://www.janushenderson.com/en-us/offshore/article/project-glasswing-and-mythos-redefining-the-cybersecurity-landscape/
- https://www.justice.gov/archives/oip/foia-guide-2004-edition-exemption-5
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.nb.com/fr/insights/disruptive-forces-volatility-finding-true-diversifiers
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.janushenderson.com/en-gb/adviser/article/project-glasswing-and-mythos-redefining-the-cybersecurity-landscape/
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.lidoadvisors.com/news/press/podcast-ken-stern-lido-advisors-path-20b-aum
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.finra.org/rules-guidance/rulebooks/finra-rules/2210
- https://www.adamsstreetpartners.com/insights/sp-global-private-markets-360/
- https://a16z.com/whats-the-most-difficult-ceo-skill-managing-your-own-psychology/
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://insuranceaum.com/sp-global-adams-streets-jeff-diehl-on-private-markets-360deg
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.nb.com/is/insights/disruptive-forces-its-april-time-to-talk-taxes
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://a16z.com/what-ive-been-up-to-lately/
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://gasb.org/page/pronouncement?pageId=/standards-and-guidance/pronouncements/summary-statement-no-103.html
- https://icapital.com/private-markets/
- https://stwserve.com/federal-survivor-benefits-key-facts-every-employee-should-know/
- https://www.adamsstreetpartners.com/insights/the-key-drivers-of-venture-outcomes/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://drugfree.org/parent-blog/my-sons-addiction-7-truths-that-took-5-years-to-learn/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://podcasts.apple.com/us/podcast/animal-spirits-podcast/id1310192007?l=es-MX
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://podcasts.apple.com/us/podcast/disruptive-forces-in-investing/id1468908020
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://carnegieendowment.org/research/2024/01/countering-disinformation-effectively-an-evidence-based-policy-guide
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 27 — 03:02
Claim: There is a lot of macro volatility, and most investors are long-only, making them vulnerable to volatility.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.hartfordfunds.com/insights/investor-insight/future-of-advice/future-of-advice/your-anxious-client-communication-plan.html
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.wellington.com/en-hk/individual/funds/global-quality-growth-fund
- https://www.returnstacked.com/portable-alpha/
- https://www.facebook.com/nikkeiasia/posts/asias-ai-rally-winners-face-a-rising-leverage-problemretail-investors-amplify-vo/1433750758788185/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.ecb.europa.eu/pub/pdf/fsr/ecb.fsr202405~7f212449c8.fr.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.nb.com/fr/insights/disruptive-forces-volatility-finding-true-diversifiers
- https://www.eatonvance.com/products/mutual-funds/us-equity/parametric-volatility-risk-premium---defensive-fund.shareclass.I.html
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.bis.org/publ/arpdf/ar2025e1.htm
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.instagram.com/reel/DaKbq9MptIS/
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.wisdomtree.com/us/insights/blog/two-roads-to-less-volatile-u-s-equity-returns
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.wellington.com/en-us/intermediary/insights/are-hedge-funds-the-missing-ingredients
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.imf.org/en/blogs/articles/2024/03/28/the-fiscal-and-financial-risks-of-a-high-debt-slow-growth-world
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.eatonvance.com/products/mutual-funds/absolute-return/eaton-vance-global-macro-absolute-return-fund.html
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://www.eatonvance.com/insights/carons-corner/market-pulse-with-jim-caron-20260629.html
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://www.bis.org/publ/qtrpdf/r_qt2409a.htm
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/ecb.fsr202411~dd60fc02c3.en.html
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.oaktreecapital.com/insights/memo/what-really-matters
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.facebook.com/cnn/posts/anyone-watching-the-stock-markets-response-to-world-events-this-week-may-be-feel/1300670845258897/
Claim 28 — 02:42
Claim: Most investors are celebrating the past because equities have crushed it, hitting their return targets.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://lancasteronline.com/
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.facebook.com/heathercoxrichardson/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://translate.google.com/translate_t%E2%97%8Fhl=en
- https://www.reddit.com/r/Bogleheads/comments/1bhgayj/maxing_out_401k_more_then_20_years/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.facebook.com/RobertKiyosaki/posts/the-stock-market-just-hit-all-time-highs-two-months-ago-it-was-down-5-in-a-single/1534937567997785/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.ml.com/articles/selling-high-performing-stocks-3-ideas-to-help-minimize-capital-gains-taxes.html
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.reddit.com/r/Bogleheads/comments/1mh8n00/at_what_point_did_money_really_start_working_for/
- https://www.reddit.com/r/Bogleheads/comments/1jornz5/why_do_so_many_retail_investors_believe_they_can/
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://yalelawjournal.org/note/amazons-antitrust-paradox
- https://www.war.gov/News/Transcripts/Transcript/Article/4438625/secretary-of-war-pete-hegseth-and-chairman-of-the-joint-chiefs-air-force-gen-da/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.aol.com/articles/taiwan-semiconductor-shares-hit-500-141858831.html
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://whatsyourgrief.com/cumulative-grief-aka-grief-overload/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.instagram.com/p/DUn6umskY_H/?hl=en
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.theguardian.com/australia-news/live/2026/jun/29/australia-politics-live-vanuatu-nakamal-treaty-pacific-china-anthony-albanese-jotham-napat-one-nation-coalition-pauline-hanson-angus-taylor-royal-commission-antisemitism-ntwnfb
- https://www.facebook.com/RobertKiyosaki/posts/the-stock-market-just-hit-all-time-highstwo-months-ago-it-was-down-5-in-a-single/1534937567997785/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.instagram.com/jennymarrs/?hl=en
- https://privatebank.jpmorgan.com/latam/en/insights
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://privatebank.jpmorgan.com/eur/en/insights
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://www.accessbankplc.com/
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/events/2024/jpmc-2024-investor-day/investor-day-2024-full-transcript.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.cnn.com/interactive/2026/02/politics/donald-trump-sotu-address-vis/
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 29 — 00:48
Claim: For more information, visit thinknewfound.com.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.facebook.com/portfoliopilot.official/posts/know-exactly-what-the-next-crash-does-to-your-portfolio-before-it-happens-stress/1003042039261878/
- https://www.sec.gov/Archives/edgar/data/1924868/000138713123010604/rsst-497k_083023.htm
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://microcapnewsletter.substack.com/p/ep-164-liquidity-cascades-benefits-9b1
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://www.thinknewfound.com/
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.talkbass.com/threads/advice-on-ampeg-svt-350.223161/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.instagram.com/p/DZ8MhPOlM42/
- https://insight.factset.com/a-practical-approach-to-weighting-signals
- https://blog.thinknewfound.com/2018/04/diversifying-the-what-how-and-when-of-trend-following/
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://blog.thinknewfound.com/2017/11/market-implied-probabilities-useful/
- https://www.facebook.com/groups/toronto.entrepreneurs.startups/posts/2144264702733452/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://blog.thinknewfound.com/2023/01/return-stacking-in-an-inverted-yield-curve-environment/
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.bogleheads.org/forum/viewtopic.php?t=328414
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.instagram.com/reel/DZ8U9kMgRuw/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://blog.thinknewfound.com/2023/08/15-ideas-frameworks-and-lessons-from-15-years/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID4378728_code1935527.pdf?abstractid=4346906&mirid=1
- https://blog.thinknewfound.com/blog/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.facebook.com/ViAAtlasGlobal/posts/the-strait-of-hormuz-disruption-is-not-just-another-headline-it-is-a-reminder-of/1395582449259081/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.reddit.com/r/poppunkers/comments/1bilebb/a_day_to_remember_announce_summer_tour_ft_tssf/
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.thinknewfound.com/newfound-research-us-trend-equity-index
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- http://www.thinknewfound.com/wp-content/uploads/2013/10/Backtesting-with-Integrity.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://www.facebook.com/BlindBoxingBand/posts/whos-ready-for-blind-boxing-summer-poppunk-newmusic-emomusic-band-midwestem/1018352087381511/
Claim 30 — 10:57
Claim: You should never be in a position where you have forced deleveraging due to insufficient cash.
- https://www.facebook.com/worldbankgroup/posts/companies-in-developing-economies-could-have-saved-more-than-100-billion-in-inte/1476808927820079/
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.icmagroup.org/assets/documents/Regulatory/Repo/Repo-FAQs-January-2019.pdf
- https://www.moomoo.com/community/feed/weekly-setup-verdict-still-pending-four-sessions-to-prove-the-116832723927046
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://reports.jpmorganchase.com/investor-relations/2016/ar-ceo-letters.htm
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://au.investing.com/analysis/bitcoin-is-still-haunted-by-the-october-10-crypto-crash-200614989
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.fsb.org/uploads/P090725-1.pdf
- https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr559.pdf
- https://resonanzcapital.com/insights/designing-failure-tolerant-hedge-fund-programs-preparing-for-blow-ups-gates-and-forced-deleveraging
- https://support.btse.com/en/support/solutions/articles/43000460019-liquidation-and-partial-liquidation
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.reddit.com/r/investing/comments/11izxm5/when_would_trading_on_margin_make_sense_for/
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.fsb.org/uploads/P181224.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.govinfo.gov/content/pkg/CREC-2010-07-15/html/CREC-2010-07-15-pt1-PgS5870-2.htm
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.fsb.org/uploads/P040226.pdf
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://rpc.cfainstitute.org/blogs/enterprising-investor/2026/why-static-portfolios-fail-when-risk-regimes-change
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.kennedyslaw.com/en/thought-leadership/article/2026/the-intersection-between-private-credit-bdcs-and-insurance/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.fsb.org/uploads/P231024.pdf
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://alanlongbon.substack.com/p/usa-fiscal-flows-bank-credit-the
- https://www.brookings.edu/articles/whats-going-on-in-the-us-treasury-market-and-why-does-it-matter/
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://franktrading.substack.com/p/06292026-trading-recap-and-outlook
- https://carnegieendowment.org/russia-eurasia/research/2014/09/chinas-debt-dilemma-deleveraging-while-generating-growth
- https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr477.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 31 — 09:30
Claim: Long-short leverage, when market neutral, is less risky than unlevered long-only positions.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.causewaycap.com/wp-content/uploads/Hedged-Equity-Paper-Negatively-Correlated-Alphas-March-2015.pdf
- https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/about/investment/documents/ppmairc-2018/15%20Alternative%20Investments%20a%20Primer%20for%20Inv%20Prof.pdf
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.aqr.com/Insights/Perspectives/The-August-of-our-Discontent-Once-More-Unto-the-Breach
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.stocktitan.net/sec-filings/MDA/6-k-mda-space-ltd-current-report-foreign-issuer-fb5f23fe955c.html
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr688.pdf
- https://www.instagram.com/reel/DaJYzp_tOpJ/
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.cfm.com/wp-content/uploads/2022/12/311-2015-Whats-what-Long-only-Smart-Beta-and-equity-market-neutral-Alternative-Beta.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://usecache.com/companion/tax-aware-long-short-investing-explained
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.financialresearch.gov/working-papers/files/OFRwp-22-02_aggregate-risk-in-the-term-structure-of-corporate-credit.pdf
- http://jlem.com/documents/FG/jlem/articles/580189_LsPortMgt.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.aqr.com/-/media/AQR/Documents/Insights/Alternative-Thinking/Alternative-Thinking-Strategic-Portfolio-Construction.pdf
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://repo.darmajaya.ac.id/5780/1/Richard%20Horwitz%20-%20Hedge%20Fund%20Risk%20Fundamentals-Bloomberg%20Press%20%282004%29.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://nsearchives.nseindia.com/corporate/CAPINVIT_29062026221830_SE_Intimation_Annual_Report.pdf
- https://www.aqr.com/-/media/AQR/Documents/Insights/Perspectives/The-August-of-our-Discontent-Once-More-Unto-the-Breach.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://rhsfinancial.com/investing/profiting-from-the-recklessness-of-others/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://www.stocktitan.net/sec-filings/LPRO/sc-14d9-open-lending-corp-tender-offer-recommendation-25a633f3b4a4.html
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.reddit.com/r/investing/comments/n1mz3k/longshort_personal_portfolio_construction/
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.esma.europa.eu/sites/default/files/library/2015/11/10_108.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://ilpa.org/wp-content/uploads/2024/05/240326-AIMA-Canada-Risk-Ratings-Guidelines-5th-Edition-Final.pdf
- https://www.dmf.unisalento.it/~straf/allow_listing/fabio/fabio3.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.reddit.com/r/ETFs/comments/174r5jl/whats_the_problem_with_leveraged_etfs/
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://fortune.com/company/equinix/earnings/q1-2026/
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://trs.texas.gov/files/migrated/investment_policy_statement.pdf
Claim 32 — 05:58
Claim: The central concept of portable alpha is the funding source for a strategy, not leverage.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.mcdermottlaw.com/insights/hedge-fund-developments-portable-alpha-smas/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://commission.europa.eu/document/download/ec1409c1-d4b4-4882-8bdd-3519f86bbb92_en?filename=The%20future%20of%20European%20competitiveness_%20In-depth%20analysis%20and%20recommendations_0.pdf
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.newyorkfed.org/medialibrary/media/research/conference/2008/rmm/Brunnermeier.pdf
- https://www.returnstacked.com/portable-alpha/
- https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics
- https://calosba.ca.gov/for-small-businesses-and-non-profits/permits-licenses-regulation/
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://pubs.acs.org/doi/10.1021/acs.jctc.5b00436
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://russellinvestments.com/content/ri/us/en/insights/russell-research/2024/09/portable-alpha-divorcing-and-remarrying-alpha-and-beta.html
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.blackrock.com/institutions/en-global/investment-capabilities/strategies/hedge-funds
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.facebook.com/TheNationThailand/posts/with-unpredictable-energy-shocks-stubborn-inflation-and-shifting-central-bank-po/1450399430446720/
- https://resonanzcapital.com/insights/unlocking-the-power-of-portable-alpha-a-capital-allocators-guide-to-enhancing-returns
- https://www.alliancebernstein.com/content/dam/global/insights/insights-whitepapers/portable-alpha-revival.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.commonfund.org/glossary
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.sec.gov/files/rules/final/2020/ia-5653.pdf
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://home.treasury.gov/sites/default/files/2018-07/A-Financial-System-that-Creates-Economic-Opportunities---Nonbank-Financi....pdf
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://news.ycombinator.com/item?id=48719485
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://finance.yahoo.com/quote/GOOGL/
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.pionline.com/partner-content/pi-portable-alpha-resurgence/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 33 — 03:34
Claim: Investors are seeking solutions to deal with the return gap and higher macro volatility.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.cbreim.com/insights/articles/turning-fear-into-yield
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.schwab.com/learn/market-commentary
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://thedocs.worldbank.org/en/doc/0f9533593fd01402ff6f68c0cd74ed28-0360012024/original/Addressing-Exchange-Rate-Risk-in-Infrastructure-Projects-in-EMDEs.pdf
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://www.deloitte.com/us/en/insights/industry/financial-services/commercial-real-estate-outlook.html
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://seekingalpha.com/article/4918354-dram-why-the-ai-memory-trade-is-getting-too-hot
- https://www.researchaffiliates.com/insights/publications
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/portfolio-insights/alternative-outlook.pdf
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.sciencedirect.com/science/article/pii/S2352550924003555
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.bain.com/insights/a-world-awash-in-money/
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://www.reddit.com/r/options/comments/1htdu46/is_anyone_actually_profitable_4_years_selling/
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.ubs.com/global/en/wealthmanagement/insights/marketnews/article.3317551.html
- https://www.mckinsey.com/industries/retail/our-insights/state-of-luxury
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://www.partnersgroup.com/en/news-and-views/perspective/macro-insights-privatecredit-2026
- https://rationalreminder.ca/podcast/345
- https://www.kkr.com/insights/case-for-private-equity-individual-investor
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.fidelity.ch/en/news-and-insights/latest-thinking
- https://www.wisdomtree.com/us/products/equity/usmf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://thedarksideoftheboom.substack.com/p/goldmans-chief-fx-strategist-sees
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.infrastructureinvestor.com/which-infra-strategies-will-remain-popular/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://am.gs.com/cms-assets/gsam-app/documents/insights/en/2025/Investment-Outlook-2026.pdf?view=true
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
- https://am.gs.com/en-us/advisors/insights/article/market-know-how
Claim 34 — 00:56
Claim: Peter Hecht is the co-head of the North America Portfolio Solutions Group at AQR.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://rudolphmuteswa.com/wp-content/uploads/2023/06/ENTREP-SMALL-BUSINESS-INNOVATION-BOOK-PDF-2021.docx-EBOOK.pdf
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.aila.org/aila-files/96380C61-8DF4-47C3-9767-0CD36E80F216/10042060.pdf
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://www.case.org/system/files/media/file/CBM%20-%20Spring%202019.pdf
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://www.linkedin.com/in/peter-hecht-ba850215
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://veritaglobal.net/avaya/document/2390088230309000000000005
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.pm-research.com/content/iijpormgmt/49/4/local/complete-issue.pdf
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://hedgefundalpha.com/conferences/2025-morningstar-investment-conference/
- https://rocketreach.co/peter-hecht-email_8574718
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.nyc.gov/assets/finance/downloads/pdf/10pdf/stock_alloc_gct_2009.pdf
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://app.100women.org/100WF_GlobalEvents.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.ipe.com/investment/new-game-in-town-total-portfolio-approach/10136987.article
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://data.ct.gov/api/views/enwv-52we/rows.csv?accessType=DOWNLOAD
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://ipe.com/investment/new-game-in-town-total-portfolio-approach/10136987.article
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.jpmcc-gcard.com/digest-issues/
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://theleadleft.com/qtw/
- https://x.com/choffstein/status/2071586984955359379/photo/1
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 35 — 09:50
Claim: Long leverage magnifies risk, but long-short strategies use long-short leverage.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.rba.gov.au/education/resources/explainers/the-global-financial-crisis.html
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://investors.troweprice.com/news-releases/news-release-details/t-rowe-price-launches-multi-strategy-total-return-fund
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3718828_code2224980.pdf?abstractid=2741701
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://am.gs.com/en-us/advisors/insights/article/2025/extending-investment-horizons-rise-of-beta-1-strategies
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://www.alliancebernstein.com/us/en-us/investments/products/mutual-funds/alternatives/ab-select-us-long-short-portfolio.advisor.01878T202.html
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.sec.gov/Archives/edgar/data/2123596/000119312526128103/d106362dn2.htm
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://usecache.com/companion/tax-aware-long-short-investing-explained
- https://www.facebook.com/bloombergbusiness/posts/the-leverage-that-helped-fuel-the-us-stock-rally-is-now-becoming-an-increasing-s/1437733764879379/
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.barchart.com/story/news/3023933/middle-east-tensions-tesla-deliveries-and-other-can-t-miss-items-this-week
- https://www.aberdeeninvestments.com/en-us/investor/investment-solutions/closed-end-funds
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.guggenheiminvestments.com/mutual-funds/fund/rymrx-multi-hedge-strategies
- https://www.financialresearch.gov/working-papers/files/OFRwp-20-02_leverage-and-risk-in-hedge-funds.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.stimson.org/2026/we-cant-let-the-mythos-moment-consolidate-ai-power/
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://home.treasury.gov/system/files/236/hedgfund.pdf
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.financialplanningassociation.org/sites/default/files/BlackRock%20Aperio_%20Long_Short%20Strategies.pdf
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.nuveen.com/en-us/mutual-funds/nuveen-equity-long-short-fund
- https://www.sciencedirect.com/science/article/abs/pii/S0378426616300164
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.facebook.com/KobeissiLetter/posts/levered-crypto-plays-are-getting-crushedthe-2x-leveraged-long-microstrategy-etfs/1345137764428303/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://w4.stern.nyu.edu/finance/docs/pdfs/Seminars/DivTS.pdf
- https://repool.com/blog/long-short-equity/
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://usecache.com/product/long-short
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/fatFIRE/comments/1ejgmkb/success_with_aqr_tax_loss_harvesting_product/
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 36 — 01:20
Claim: Peter Hecht has been thinking about portable alpha for almost two decades.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://www.aqr.com/search?Topics=Relaxed%20Constraint
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://press.uchicago.edu/dam/jcr:a0f919ba-f50d-4d9b-a1a1-8fd4fbc1fd98/SP21-international-web.pdf
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://anthrosource.onlinelibrary.wiley.com/doi/10.14506/ca33.1.05
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://schooltheatre.org/thespys/approved-material/
- https://x.com/choffstein?lang=en
- https://planning.dc.gov/sites/default/files/dc/sites/op/publication/attachments/Inventory%202009%200%20Alpha%20Version%2003%2011.pdf
- https://www.facebook.com/groups/GrandCanyonHikers/posts/2137822549692593/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.pm-research.com/content/iijpormgmt/49/4/local/complete-issue.pdf
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ilsf.org/wp-content/uploads/2018/11/wcdp_abstracts_web.pdf
- https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/Portable-Alpha-Why-Now.pdf?sc_lang=en
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.govinfo.gov/content/pkg/GPO-OILCOMMISSION/pdf/GPO-OILCOMMISSION.pdf
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://oralcancerfoundation.org/wp-content/uploads/2016/09/oral_health_in_america.pdf
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://alumni.cornell.edu/cornellians/concert-memories/
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://x.com/choffstein/status/2071586984955359379/photo/1
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 37 — 01:08
Claim: Portable alpha is now being wrapped into mutual funds and ETFs.
No evidence sources were provided for this claim.
Claim 38 — 01:02
Claim: Portable alpha is drawing serious attention right now.
No evidence sources were provided for this claim.
Claim 39 — 03:21
Claim: Long-only active management has been disappointing.
- https://www.alliancebernstein.com/content/dam/alliancebernstein/americas/americas-pdfs/The-book-2025-instability-debt-inflation-and-AIs-impact-on-investing-Final-D_INS-8526-0625.pdf
- https://www.reddit.com/r/CFA/comments/1hrxong/what_is_the_point_of_fundportfolio_managers_if/
- https://www.blackrock.com/institutions/en-us/investment-capabilities/strategies/systematic-investing
- https://alphaarchitect.com/is-trend-following-better-than-buy-the-dip/
- https://www.quoniam.com/en/article/active-management/
- https://lbda.org/understanding-behavioral-changes-in-dementia
- https://podcasts.apple.com/us/podcast/flirting-with-models/id1402620531
- https://www.linkedin.com/posts/edward-liow-08078a261_eurusd-activity-7473585646553419776-ebe2
- https://www.plansponsor.com/dws-introduces-alternative-investments-fund-of-funds/
- https://www.returnstacked.com/portable-alpha/
- https://www.reddit.com/r/ChatGPTPro/comments/1n890r6/chatgpt_5_has_become_unreliable_getting_basic/
- https://www.courtlistener.com/docket/4350440/parties/marc-s-kirschner-as-litigation-trustee-for-the-tribune-litigation-trust/?page=2
- https://lailluminator.com/2026/01/11/minnesota-child-care/
- https://www.reddit.com/r/fidelityinvestments/comments/1hv9uzu/anyone_else_really_regret_choosing_fidelity/
- https://www.alliancebernstein.com/apac/en/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://www.man.com/insights/portable-alpha-solving-magnificent-problem
- https://road.cc/news/cycling-live-blog-29-june-2026
- https://scielo.org.za/scielo.php?script=sci_arttext&pid=S2222-34362024000100022
- https://sprott.com/people/shree-kargutkar/
- https://document.epiq11.com/document/getdocumentbycode/?docId=2561164&projectCode=LBI
- https://www.institutionalinvestor.com/article/2btg9q9g36fylzuwr2nsw/corner-office/easy-money-the-temptation-of-portable-alpha-strategies
- https://finance.biggo.jp/quote/MNGPF/earnings-call/US_MNGPF_2026-02-26
- https://jlem.com/news
- https://www.instagram.com/p/DaK8SenMO38/
- https://www.alliancebernstein.com/it/en-gb/institutions/insights/investment-insights/portable-alpha-revival-a-solution-to-the-beta-alpha-mismatch.html
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-13-SFERS-Risk-and-Leverage-Review.pdf
- https://www.aqr.com/Insights/Perspectives/Should-Hedge-Funds-Hedge-Why-Some-Alts-Should-Have-a-Beta-of-1-0
- https://www.investopedia.com/terms/p/portablealpha.asp
- https://meketa.com/wp-content/uploads/2012/10/130-30-FINAL.pdf
- https://miamioh.edu/about/leadership-administration/_files/documents/bot/2024/minutes-09-24-inv.pdf
- https://www.ensure.com/nutrition-products/ensure-plus/vanilla-shake
- https://www.sciencedirect.com/science/article/abs/pii/S1057521923001709
- https://www.amazon.com/Portable-Alpha-Theory-Practice-Investors/dp/0470118083
- https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/Active-Extension-A-Potential-Solution-for-Improving-Equity-Returns.pdf?sc_lang=en
- https://www.restoreorthopedics.com/blog/night-time-shoulder-pain-and-what-to-do-about-it
- https://www.rsic.sc.gov/_documents/2025.04.10-commission-meeting-rnd.pdf
- https://www.tandfonline.com/doi/full/10.1080/10293523.2025.2553254
- https://www.investopedia.com/terms/a/alpha.asp
- https://www.ai-cio.com/news/volatility-pushes-investors-to-consider-active-strategies/
- https://www.trs.texas.gov/files/documents/IMD-book-april-2026.pdf
- https://www.savvyinvestor.net/blog/is-private-credit-in-a-bubble
- https://www.savvyinvestor.net/pension-funds/us-pension-funds/conferences
- https://www.cnbc.com/2020/09/18/stock-picking-has-a-terrible-track-record-and-its-getting-worse.html
- https://www.researchaffiliates.com/insights/journal-papers
- https://www.ipe.com/analysis/how-investors-can-access-fairly-priced-portable-alpha-strategies/10128832.article
- https://www.gmo.com/globalassets/articles/quarterly-letter/2024/gmo-quarterly-letter_1q-2024.pdf
- https://cdn.mysfers.org/uploads/2025/11/11-12-25-04-Challenges-of-Benchmarking-Private-Assets-and-Evaluating-Actionable-Risk.pdf
- https://obamawhitehouse.archives.gov/the-press-office/2017/01/18/remarks-president-final-press-conference
- http://mirror.math.princeton.edu/pub/oldlinux/Linux.old/Ref-docs/POSIX/all.pdf
- https://www.gmo.com/americas/research-library/magnificently-concentrated_gmoquarterlyletter/
- https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID921760_code656996.pdf?abstractid=921760&mirid=1
- https://rationalreminder.ca/podcast/345
- https://www.nasdaq.com/market-activity/etf
- https://rpc.cfainstitute.org/sites/default/files/-/media/documents/book/rf-publication/2009/rfv2009n3.pdf
- https://www.ib.barclays/our-insights/3-point-perspective/hedge-fund-outlook-2026.html
- https://www.mercer.com/en-us/insights/yield-point/the-hedge-fund-renaissance/
- https://www.investopedia.com/terms/s/sharperatio.asp
- https://www.reddit.com/r/PowerApps/comments/rt1knj/are_power_apps_really_that_great_i_feel_like/
- https://www.facebook.com/CASLESOTHO/posts/every-financial-decision-carries-an-element-of-risk-because-risk-is-inevitable-t/1599972842132580/
- https://www.noaa.gov/news/fact-check-debunking-weather-modification-claims
- https://www.pm-research.com/content/iijpormgmt/51/8/local/complete-issue.pdf
- https://apfc.org/wp-content/uploads/2019/05/2019-MAY-22-23-Quarterly-Meeting.pdf
- https://www.ajg.com/uk/news-and-insights/portable-alpha-separating-beta-from-alpha/
- https://www.nisa.com/perspectives/
- https://www.aqr.com/Insights/Research/White-Papers/Portable-Alpha-Why-Now
- https://www.digifind-it.com/hillside/data/newspapers/local-source/2020/2020-08-27.pdf
- https://www.nisa.com/nisa-news/
- https://www.youtube.com/watch?v=FPyzldbP34A
- https://barbellinsights.com/podcast/flirting-with-models/peter-hecht-portable-alpha-solving-the-funding-problem-of-alternatives-s7e31
- https://www.dallaserf.org/sites/default/files/2024-05/Public%20Viewing%20Packet_0.pdf
- https://www.marex.com/news/2026/06/portable-alpha-allocator-priorities
- https://documents.theblackvault.com/documents/foia/SEC2009.pdf
- https://thehedgefundjournal.com/mind-the-qualitative-quantitative-gap/
- https://www.youtube.com/shorts/peVI2uKMVzY
- https://www.aqr.com/Insights/Perspectives/2035-An-Allocator-Looks-Back-Over-the-Last-10-Years
- https://www.blackrock.com/institutions/en-us/insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://www.societegenerale.com/sites/default/files/pressrelase/9a9b9ce32743bc6ec1257640003c0ad3.pdf
- https://www.dimensional.com/nl-nl/insights
- https://www.blackrock.com/institutions/en-global/institutional-insights/thought-leadership/investment-actions/portable-alpha-strategies
- https://sacrs.org/Portals/36/assets/File/SACRS%20Magazine/SACRS_Winter%20Mag%202025_V6.pdf?ver=j5L6qkQdxVXqo-iBsbz0LA%3D%3D
- https://www.reddit.com/r/LETFs/comments/1i2ka2o/so_this_subreddit_is_the_holy_grail_of_investing/
- https://www.epa.gov/facts-and-figures-about-materials-waste-and-recycling/national-overview-facts-and-figures-materials
- https://www.aqr.com/Insights/Research/White-Papers?&page=2
- https://www.pimco.com/us/en/resources/education/understanding-portable-alpha-strategies
- https://www.toobigtofail.it/strategie-quantitative-con-nicolas-murchole-di-quantica-capital-ep-103-special/
- https://www.institutionalinvestor.com/article/2eam6bznmmn4sst8hwtts/innovation/portable-alpha-makes-a-comeback
- https://ca.linkedin.com/in/kevin-wroblewski-56356a150
- https://www.returnstacked.com/academic-review/portable-alpha-finding-the-right-match/
- https://www.trs.texas.gov/files/documents/board-book-imd-2025-04.pdf
- https://carnegieendowment.org/research/2024/01/countering-disinformation-effectively-an-evidence-based-policy-guide
- https://www.advisorperspectives.com/firm/pimco
- https://www.ipe.com/ipe-opens-the-london-stock-exchange/10018204.article
Claim 40 — 15:19
Claim: Peter Hecht implemented portable alpha as an allocator during the Global Financial Crisis.
No evidence sources were provided for this claim.