130/30 Funds: What is Behind the Commercial Offensive?

Name: Work Video:
Duration: 3 min 30 s
Description: High-conviction funds, beta-one funds, short extension funds, limited-shorting funds, long-enhanced funds, active extension funds, hedge-fund lite: there is a wide range of terms for what is most frequently called 130/30. Broadly, this strategy initially invests 100% in an index, sells short 30%, and uses the proceeds from the shorts to buy an additional 30% likely to beat the benchmark.
Walter Géhin
{'id': 'https://openalex.org/W1558564755', 'doi': 'https://doi.org/10.2139/ssrn.1032110', 'title': '130/30 Funds: What is Behind the Commercial Offensive?', 'display_name': '130/30 Funds: What is Behind the Commercial Offensive?', 'publication_year': 2007, 'publication_date': '2007-01-01', 'ids': {'openalex': 'https://openalex.org/W1558564755', 'doi': 'https://doi.org/10.2139/ssrn.1032110', 'mag': '1558564755'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.2139/ssrn.1032110', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5053835827', 'display_name': 'Walter Géhin', 'orcid': None}, 'institutions': [{'id': 'https://openalex.org/I90326151', 'display_name': 'Ecole des Hautes Etudes Commerciales du Nord', 'ror': 'https://ror.org/05q7a8a02', 'country_code': 'FR', 'type': 'education', 'lineage': ['https://openalex.org/I90326151']}], 'countries': ['FR'], 'is_corresponding': True, 'raw_author_name': 'Walter Géhin', 'raw_affiliation_strings': ['EDHEC Business School - EDHEC Risk and Asset Management Research Centre'], 'affiliations': [{'raw_affiliation_string': 'EDHEC Business School - EDHEC Risk and Asset Management Research Centre', 'institution_ids': ['https://openalex.org/I90326151']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': ['https://openalex.org/A5053835827'], 'corresponding_institution_ids': ['https://openalex.org/I90326151'], 'apc_list': None, 'apc_paid': None, 'fwci': 0.311, 'has_fulltext': False, 'cited_by_count': 1, 'citation_normalized_percentile': {'value': 0.486829, 'is_in_top_1_percent': False, 'is_in_top_10_percent': False}, 'cited_by_percentile_year': {'min': 63, 'max': 70}, 'biblio': {'volume': None, 'issue': None, 'first_page': None, 'last_page': None}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10047', 'display_name': 'Financial Markets and Investment Strategies', 'score': 0.9203, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10047', 'display_name': 'Financial Markets and Investment Strategies', 'score': 0.9203, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/offensive', 'display_name': 'Offensive', 'score': 0.9100749}], 'concepts': [{'id': 'https://openalex.org/C176856949', 'wikidata': 'https://www.wikidata.org/wiki/Q2001676', 'display_name': 'Offensive', 'level': 2, 'score': 0.9100749}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.51137227}, {'id': 'https://openalex.org/C73283319', 'wikidata': 'https://www.wikidata.org/wiki/Q1416617', 'display_name': 'Financial system', 'level': 1, 'score': 0.39867187}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.3196631}, {'id': 'https://openalex.org/C187736073', 'wikidata': 'https://www.wikidata.org/wiki/Q2920921', 'display_name': 'Management', 'level': 1, 'score': 0.13024777}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.2139/ssrn.1032110', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'score': 0.48, 'display_name': 'Partnerships for the goals', 'id': 'https://metadata.un.org/sdg/17'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 4, 'referenced_works': ['https://openalex.org/W1560050212', 'https://openalex.org/W1863029622', 'https://openalex.org/W4245941818', 'https://openalex.org/W4300532638'], 'related_works': ['https://openalex.org/W4385323698', 'https://openalex.org/W4287020359', 'https://openalex.org/W3214407891', 'https://openalex.org/W3213194066', 'https://openalex.org/W3194113117', 'https://openalex.org/W2967125893', 'https://openalex.org/W2899084033', 'https://openalex.org/W268355439', 'https://openalex.org/W2385362579', 'https://openalex.org/W1568520348'], 'abstract_inverted_index': {'High-conviction': [0], 'funds,': [1, 3, 6, 8, 10, 13], 'beta-one': [2], 'short': [4, 40], 'extension': [5, 12], 'limited-shorting': [7], 'long-enhanced': [9], 'active': [11], 'hedge-fund': [14], 'lite:': [15], 'there': [16], 'is': [17, 25], 'a': [18], 'wide': [19], 'range': [20], 'of': [21], 'terms': [22], 'for': [23], 'what': [24], 'most': [26], 'frequently': [27], 'called': [28], '130/30.': [29], 'Broadly,': [30], 'this': [31], 'strategy': [32], 'initially': [33], 'invests': [34], '100%': [35], 'in': [36], 'an': [37, 51], 'index,': [38], 'sells': [39], '30%,': [41], 'and': [42], 'uses': [43], 'the': [44, 47, 57], 'proceeds': [45], 'from': [46], 'shorts': [48], 'to': [49, 55], 'buy': [50], 'additional': [52], '30%': [53], 'likely': [54], 'beat': [56], 'benchmark.': [58]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W1558564755', 'counts_by_year': [], 'updated_date': '2024-12-12T14:14:21.548310', 'created_date': '2016-06-24'}
Publication Information

Basic Information

Access and Citation

AI Researcher Chatbot

Primary Location

Authors

Topics

Keywords

Related Works
