News and Media

Do ‘trend’ risk premiums explain CTA performance?

Included below is a link to Andrew Beer’s most recent article in P&I, which was featured in today’s Industry Voices section. This article entitled, “Do Trend Risk Premiums Explain CTA’s Performance?”, provides an insightful look at the performance of recent attempts to replicate CTA performance through creating “trend” models which seek to offer a higher alpha way to access CTA performance and the viability of this approach going forward. P&I subscribers click here to continue reading this article. For those interested in a more in-depth analysis of this and similar topics, please visit our website dynamicbeta.com or contact us directly.

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Outfox AQR? Hedge Funds Aim for New Path into Liquid Alts

FundFire article by Lydia Tomikaw with a quote from Andrew Beer: …For hedge funds that haven’t performed well in recent quarters, any foray into liquid alternatives isn’t a priority, says Andrew Beer, managing partner at Beachhead Capital Management. New hedge fund players also face competition from early liquid alts entrants like AQR that have established a strong footprint. “AQR is unique – it has the scale of traditional asset management firm,” he says. Those managers instead will try other tactics to enter the market, he says. “I don’t expect hedge funds themselves to try and break into the space on …

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Beachhead Capital Appoints Dr. Pankaj Ghemawat to Head Research Advisory Board

(New York, November 7, 2017) – Beachhead Capital Management, LLC (“Beachhead”), an investment advisory firm that specializes in liquid alternative investments, is pleased to announce that Dr. Pankaj Ghemawat, one of the world’s leading experts on competition and strategy, has joined to oversee the firm’s Research Advisory Board, which focuses on structural changes within the asset management industry. Dr. Ghemawat currently serves as a full professor at both the NYU Stern School of Business and IESE Business School in Barcelona, Spain.  Prior to this, he was a professor at Harvard Business School, and was the youngest person appointed to a …

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Beachhead Makes the Case for Solving Major Limitations of Equity Long/Short Investing

PRESS RELEASE (New York, July 18, 2017) – Beachhead Capital Management (“Beachhead”), an innovative alternative investment manager, announced the release of a new report:  Rethinking Equity Long/Short:  How to Solve Poor Performance, Excessive Fees and Blow Up Risk. This timely report breaks down the issues with how retail investors added equity long/short strategies to their portfolios post-crisis.  In particular, the report examines the difficulty of picking winners in the space, and highlights that individual funds are far riskier than most allocators realize.  These issues, combined with a tendency of retail investors to select a single fund per asset allocation bucket, …

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FundFire Interview with Andrew Beer: “Liquid Alts Face ‘Major Reset’ Ahead”

In this interview with Lydia Tomkiw, Andrew Beer describes the issues liquid alternatives currently face and explains how generation two liquid alternatives product offer a solution. Synopsis from FundFire Alts: Many hedge fund managers have avoided the liquid alternatives space out of fear of cannibalizing their high-fee core business, says Andrew Beer, managing partner and co-portfolio manager of dynamic beta at Beachhead Capital Management. FundFire subscribers click here to access the full video, or contact us for additional information.  

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Generation Two Liquid Alts – A Two Part Series in WealthManagement.com

Andrew Beer’s recent two part series in WealthManagement.com provides an insightful look at the evolution of liquid alternatives and describes in detail how the shortcomings of “Generation One” liquid alternatives have paved the way for “Generation Two” products to deliver on the promise of their predecessor.   Part I:  Generation One Liquid Alts: Three Problems Part II: Generation Two Liquid Alts: Replication-Based Strategies

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Pensions & Investments: Liquid alternatives – 2.0

Included below is Andrew Beer’s most recent article in P&I, which was featured in the Industry Voices section: Liquid alternatives – 2.0 Excerpt: Liquid alternatives are broadly defined as strategies that are available in registered funds (mutual funds, exchange-traded funds and UCITs) that seek to provide investors with diversification benefits and downside protection. Following the financial crisis, liquid alternative funds grew rapidly as more allocators sought to introduce sophisticated portfolio construction methodologies across portfolios. In recent years, however, growth has slowed as many early adopters expressed frustration that performance had failed to match expectations. In retrospect, these first generation liquid …

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‘Liquid Alts’ Needs to Go: Managers

Ignites article by Grace Jennings-Edquist with quote from Andrew Beer Liquid alternatives may be ripe for rebranding. Excerpt: The once-hyped product type has become associated with high fees and vague definitions, and avoiding the phrase “liquid alts” altogether might be the best option to help resuscitate sales, according to asset managers who have taken issue with the moniker. …New York–based Goldman Sachs Asset Management recently suggested recategorizing liquid alternatives into groups that align with hedge fund classifications. Those five categories are equity long/short, event-driven, relative value, multi-strategy and tactical trading/macro, the firm stated in a report on the topic. That …

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Beachhead Capital Makes the Case for “Generation Two” Liquid Alternatives

PRESS RELEASE (New York, 6 April 2017) – Beachhead Capital Management (“Beachhead”), an innovative alternative investment manager, announced the release of a new report:  Generation Two Liquid Alternatives:  Built to Meet the Needs of Asset Allocators. This timely report addresses two key questions for investors today:  why were many investors disappointed with the first generation of liquid alternative mutual funds, and what better solutions are available going forward? Liquid alternative products created in the wake of the financial crisis (“Generation One”) often had three issues:  poor performance, high fees and/or highly unpredictable performance.  With short track records, the funds too …

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Beachhead Capital Nominated Twice at Investors Choice Awards

 (New York, 23 March 2017) – Beachhead Capital Management, LLC (“Beachhead”), an investment advisory firm that specializes in liquid alternative investments, is pleased to announce that its Managed Futures Dynamic Beta and Stable Return Dynamic Beta strategies have been nominated in their respective categories at the Investors Choice Awards 2017. The annual Investors Choice Awards honor fund managers that have achieved outstanding risk-adjusted absolute returns during the preceding calendar year.  Fund managers from around the world are considered for the awards by some of the most distinguished institutional investors in the industry. The judges apply a holistic approach to the …

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