PT  - JOURNAL ARTICLE
AU  - Thomas W. Moller
TI  - Portable Alpha
AID  - 10.3905/jai.2001.319022
DP  - 2001 Dec 31
TA  - The Journal of Alternative Investments
PG  - 59--68
VI  - 4
IP  - 3
4099  - https://pm-research.com/content/4/3/59.short
4100  - https://pm-research.com/content/4/3/59.full
AB  - Active management of equity portfolios remains the rule rather than the exception. In this report, the alpha produced by active equity management-its magnitude, consistency, risk, and correlation to the underlying equity market-is compared with the another type of alpha-portable alpha-derived from an alternative Commodity Trading Advisor (CTA) investment strategy.