Ratios that indicate the statistical significance of a fund’s alpha typically appraise its performance. A growing …

a measure of "alpha" or abnormal performance of the deal. The alpha is significantly positive on average and robust … during sector downturns. In the cross-section of deals, higher alpha is related to greater improvement in EBITDA to Sales … particular, deals with higher alpha either grow their margins more substantially, and/or grow multiples more substantially …

alpha in the short second period from October 1998 to March 2000. In the cross section of FoFs, however, we are able to … identify FoFs capable of delivering persistent alpha. We find that these more successful hedge funds experience far greater …