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Dear Alpha Mail Subscriber:
As I wrote in our May 16th post, running a daily blog isn't for the faint of heart. It can be a relentless venture that requires a peculiar mix of respect for the reader's intellect and irreverence toward the mainstream media that tries to feed it; a passion for the subject and a willingness to raise uncomfortable questions about it; and a somewhat technical adroitness delivered in a colloquial style.
For the past few months we've been looking for someone like this to take over the reins at AllAboutAlpha.com. I'm now pleased to report that we've hit the jackpot. Starting this week, Kristin Fox will be taking over my duties as Managing Editor of AllAboutAlpha.com (see press release). You may recognize Kristin's name, as she comes with a top-drawer pedigree that includes senior roles at HedgeWorld, Pensions & Investments and HFR.
I'll be staying on as a weekly columnist while I focus on other initiatives at our parent organization, the Chartered Alternative Investment Analyst ("CAIA") Association.
Okay, enough about us. Last month's top 10 list contains several must-read posts about alpha: "Fiduciary alpha", "Crisis alpha", and the "Supply and Demand Curves for Alpha". We covered a fascinating study on the "evolution" of hedge funds current problems and their financial motivations. And we touched on illiquid investments, commodities, and, of course, hedge funds.
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