MPI Research Corner

The November 21 WSJ article “Hedge Funds Kiss Their Alpha Goodbye“ and a follow-up article look critically at the performance characteristics of hedge funds by presenting facts that, in authors own words, “aren’t exactly great PR for the hedge fund industry.” The article and its controversial conclusions got a lot of attention so we were [...]

Please click on the enclosed video for a quick, step-by-step analysis of American Funds Growth Fund of America. Please check our blog and research area in the near future for a longer-term quantitative analysis of this fund with associated .pdf reports.

by Daniel Li and Alexandre Dussaucy By the end of September, John Paulson’s two flagship funds, the Paulson Advantage and the leveraged Advantage Plus fund, have lost 32% and 45%, respectively, for the year. As these losses loom large, many analyses and commentaries are trying to explain what went wrong. These reports, such as the [...]

Following our previous analysis of the Waddell & Reed fund we performed a similar analysis of a group of the largest equity funds with combined AUM over $500B. Average fund exposures are shown in chart below (bottom part) and contrasted with the Ivy Asset Strategy fund (top). The Ivy fund is not included in this [...]

An October 6th story in The Wall Street Journal “The Mutual Fund in the Flash Crash” points to Waddell & Reed’s $27 Billion Asset Strategy Fund as a potential cause of May 6 “flash crash.” We ran a quick analysis of the fund with the findings outlined below. First, notable information from SEC filings (Q1 [...]