Alex Beath

Fees kill alpha from hedge funds

Many hedge fund portfolios perform well before costs but fall into negative alpha after charges are levied, Canadian firm CEM Benchmarking's analysis of nearly 400 large investors has found.

Amanda WhiteJune 14, 2018

Your guide to internal staffing levels

A CEM Benchmarking study finds that size, asset mix, investment style and complexity determine the level of front-office and back-office staff but external manager fees are the big expense.

Michael Reid and Alex BeathJune 26, 2017

Asset owners, on average, add 15 basis points of value above their asset class benchmarks after fees, according to an extensive study by CEM Benchmarking. The survey, which measured 6,666 data points from a global set of defined benefit plans, and some sovereign wealth funds and buffer funds, from 1992-2013. Gross of investment fees, funds […]

Amanda WhiteJanuary 14, 2015