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Infinity Q's Consistent Alpha Should Have Been a 'Red Flag'


There were plenty of signals to warn investors away from Infinity Q’s $1.8 billion Diversified Alpha Fund long before the redemption gates went up, according to a quantitative analysis by Markov Processes International.
The fund, a mainstream version of a hedge fund called a liquid alternatives fund, had grown quickly on the back of the prestigious roots of its founder. (Infinity Q Capital Management, founded by James Velissaris, spun out of the family office of TPG’s David Bonderman.) But according to MPI, which uses a returns-based style analysis, the now-liquidating fund produced excess returns in a highly consistent way, which is clearly attractive to investors, but rare in the real world. ....

James Velissaris , Exchange Commission , Alpha Fund , Markov Processes International , Diversified Alpha Fund , Markov Processes , Infinityq Capital Management , Diversified Alpha , Infinityq Diversified Alpha , பரிமாற்றம் தரகு , ஆல்பா நிதி , மார்க்கோவ் ப்ரோஸெஸஸ் சர்வதேச , பன்முகப்படுத்தப்பட்ட ஆல்பா நிதி , மார்க்கோவ் ப்ரோஸெஸஸ் , பன்முகப்படுத்தப்பட்ட ஆல்பா ,