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From time to time, Hillsdale is in the news. Our partners often speak at conferences or other events, and our accomplishments are covered in the financial media.

Hedge Funds for Private Investors

Speaker: Christopher Guthrie, CEO Hillsdale Investment Management

Date: November 15, 2002

Venue: Metro Toronto Convention Centre, Toronto, ON


1. How Do Managers Generate Returns – Size bets – Sector bets – Style bets – Corporate spread bets

2. Separating Risk from Return – Alpha vs. Beta – Decomposing Returns – Determine the Manager’s ability to generate Alpha – Measure the Manager’s Beta and Standard Error – Get Familiar with the Manager’s Strategy

3. Know Your Manager’s Limits – Are there any restrictions on concentration by position, style, industry or sector? – What is the range of net market exposure (long/short) allowed. How often will it change? – How much leverage can be used? How often will it change? How often is it monitored? – What is the fund’s capacity to generate alpha?

4. Case Studies – Managing Net Market Exposure – Attribute Matching – Benefiting from Non-Correlation

Sponsor: Strategy Institute