Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

Say it sotto voce, the dirty secret of hedge funds is that they mix alpha and beta as well. A typical long/short equity strategy will have a lot of beta, a fixed income arbitrage fund rather less ...

I analyzed the S&P 500 from the inside to find true, sustainable alpha. I’ve classified stocks as "Hogs," "Losers," or "Makers" based on their performance cycles. My study reveals that even top ...