We study how hedge fund performance is related to the presence of mutual funds operating in the same asset class. We argue that hedge funds are able to exploit the constraints of the mutual funds related to both the high correlation between flows and value of investment and their tendency to...

Dynamic Style Analysis is a returns-based style analysis using quantitative techniques to determine allocations that could have been made historically to one or more passive investment indices in order to replicate as close as possible the return stream of a fund over a selected time interval....

Alternative alpha represents risk-adjust absolute return of an alternative investing instrument regressed on alternative risk factors. Over the years, the definition is extended to the absolute return generated from alternative asset speculation -- long-only or long-short strategy on alternative...