Back to Beta

Michael Azlen is using traditional and alternative market indexes to create new sources of alpha.

Michael Azlen doesn’t like to leave anything to chance. In the summer of 2003, Azlen -- who was then head of the London office of Asset Alliance, a New Yorkbased alternative investment firm -- tried to determine whether the 35 managers he and his team had chosen for their low-volatility multistrategy fund of hedge funds were actually delivering alpha.

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