The Fast Money Takes It Slow

The Fast Money Takes It Slow by Maz Jadallah – AlphaClone

It’s a virtual certainty. You can bet your bottom dollar on it. Whenever we discuss our methodology with prospective investors, the first question ALWAYS relates to the delayed nature of Form 13F filings. The implication is that a hedge fund manager is likely to have already exited their position by the time the manager’s quarterly filing is published 45 days after quarter end, rendering the form useless.

After nearly six years, our response is also now very predictable. The truth is hedge funds hold their positions on average for at least a year and for high conviction holdings it can be much longer than that, therefore disclosing positions quarterly...