“It has been an incredibly accretive period for those people that are long equity,” he said, “But based on where we are in terms of macroeconomic policy, where we are in terms of valuations, we are starting to see alpha centric investment starting to become more relevant.”
Alpha-centric investment to gain traction again in 2016
The past five years on the equity side have been non-normal, says Patrick Reid, managing director, alternative investment partners, Morgan Stanley Investment Management. But, this bodes well for alpha investors in 2016.
