Pimco Plots Asset Strategy to Mimic Yale Without Cash Strain

September 1st, 2009 by Mebane Faber

Comments

Interesting news. The key here is how they plan on allocating the hedge fund and private equity portions. You already know what I think regarding those!

Bloomy article here:

Pimco Plots Asset Strategy to Mimic Yale Without Cash Strain

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Great read on AQR and their new momo funds.

grock

Meb looks like El-Erian read the autograph copy of your book that you sent him.......LOL

macclary

One possibility for a more liquid hedge fund alternative might be something like Putnam's new mutual fund Putnam Absolute Return 700 (PDMAX), which is supposed to return 700bps over inflation. Based on a few months of returns it looks pretty smooth compared to other market neutral type mutual funds. It appears to hold roughly 50% cash, 40% investment grade bonds, and 10% stocks. Blurb:

"The fund combines two separate investment strategies. The beta strategy consists of a globally diversified asset allocation strategy. The alpha strategy involves the potential use of various 'overlay' strategies. These consist of diverse active trading strategies...market inefficiencies..."

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The opinions expressed on this site are those solely of Mebane Faber and do not necessarily represent those of Cambria Investment Management, Inc. (“CIMI”). This website is made available for educational and entertainment purposes only. Mr. Faber is an Investment Adviser Representative of CIMI, an investment adviser registered with the states of California and Utah. This website is for informational purposes only and does not constitute a complete description of the investment services or performance of CIMI. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. A copy of CIMI’s Part II of Form ADV and privacy policy is available upon request. This website is in no way a solicitation or an offer to sell securities or investment advisory services. Mr. Faber and CIMI disclaim responsibility for updating information. In addition, Mr. Faber and CIMI disclaim responsibility for third-party content, including information accessed through hyperlinks. Faber receives affiliate commissions through Amazon and AlphaClone.

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