Correlation is not causation, but hedge funds with doubtless expensively-designed logos featuring the Greek letter alpha, investment buzzword of the millennium, are under-performing.
Meanwhile, new accolades have poured in followed Basis Capital’s induction last week to NakedShorts’ Awards Award Hall of Fame. Original documents—some extant in the dustier recesses of the manager’s website, where most pages are now “To Be Updated” —and choice quotes after the indiscriminate mark-to-market pricing by dealers.
Basis operates in the [parallel-Ed] alternative fixed income universe
Basis Yield Fund
Fund Rating: «««««
Standard and Poor’s Dec. 2006
Lonsec considers the investment processes at Basis to be thorough, logical, and well supported with external inputs, internal research, and internal information management systems.
Basis Capital Yield Fund
Fund Rating: «««««
Lonsec Ltd Sep. 2006
Both the linked pages below are among those to have magically disappeared from Basis Capital’s website in recent days.
Basis Capital: Research Reports
Basis Capital via Internet Archive Wayback Machine (www.archive.org)
Basis Capital’s Basis Yield Fund won the Fund of the Year, and also claimed the Best Fixed Income, High Yield & Distressed Fund award as well.
The Sydney-based fixed income manager, headed up by Steve Howell and Stuart Fowler, “has long represented among the highest standards in terms of performance and structure in its particular area of asset management, not only in Australia but also internationally, in the hedge fund and alternative asset management industry; so the blue riband award was justly deserved and not before time,” said Paul Storey, Editor of AsiaHedge.
Aussies clean up at AsiaHedge Awards 2005
Press release
AsiaHedge Oct. 24 2005
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