ProSPOTLIGHT Menu

Professor Sharath Sury was awarded the honored "Extraordinary Faculty Award" by Santa Clara University. The award was given to Professor Sury for his teaching and University service.

Mr. Sury spoke at the Real Estate Investors Summit: Dealmakers Conference in Miami in April. Sharath Sury was a key contributor to the topic of "FDIC and the Bank Auction Process"

Sharath M. Sury spoke at the Emerging Managers Summit in Chicago in May; Sury joined the discussion which focused on the topic of "Risk Management".

Professor Sury moderated the Santa Clara Initiative for Financial Innovation & Risk Management (SIFIRM) "Value of Values" Conference, focusing on corporate social responsibility, social investing, and behavioral finance.

An Appointment as an Honorary Deputy Sherriff was awarded to Sharath Sury by the Santa Clara Co. Sheriff's Office. Mr. Sury received the award in May and is a full member of the Sheriff's Advisory Board.

** Please Check back for the latest updates and news bulletins for Profs Sharath and Manda Sury.

***Upcoming Speaking Engagements Coming Soon.

SOURCE http://blog.suryonline.net/2010/06/05/alert-latest-news-on-sharath-sury-and-surys-speaking-engagements-list-updated-today.aspx

Make Sure You Got The Latest One: 415-SHARATH is now 312-450-SURY!

Thursday, March 18, 2010

415-SHARATH is now 312-450-SURY!
Now You Can, "Tell It 2 Sury"!

Posted by SURYONLINE.NET at 3/18/2010 12:48 AM

Beginning Thursday, March 18, 2010, we will be announcing the immediate and official end of the 415 - Sharath comment project, and will be pleased to introduce (312) 450 - Sury as the new, also non-profit, comment line for Dr. M. Sury and Family!

Join us next weekend, starting 3/26/10, as we bid farewell and pay respects to the non-profit project attempt by posting three common questions from 415 - Sharath to be answered by Expert Contributor of Finance and Statistics, Professor M. Sury, online and exclusively at

http://blog.everything-finance.net .

Then, after some administrative transitions have been quickly implemented, we will begin proceeding with the introduction of Tell It 2 Sury! - the new, interactive comment line for M. Sury and family that replaces 415 - Sharath. M. Sury, like his son, wants to see participation online and over the phone to give users a platform in which they are encouraged to safely network and solve problems together, instead of secluding themselves — discouraged from what they think is impossible to learn.

Dr. M. Sury wants these students and future enthusiasts to know that Finance is exciting, fast paced, and can be very rewarding. Like Sharath, M. Sury would like to see a new cooperation amongst students, enthusiasts, finance thought leaders and instructors to get these students more involved, while cultivating an ethical environment with a focus on implementing innovative safe-guards against the types of failures that led to the financial crisis we still face. While there is no way to stop some students from spitefully turning away from finance, M. Sury hopes to keep students interested with interaction today, attempting to inculcate the new perceptions that forge the new standards of tomorrow.

So, the next time someone tells you to "Tell It to Someone That Cares", assure that person that you will, indeed; and go "Tell It 2 Sury"!

SOURCE http://blog.suryonline.net/2010/03/17/415sharath-is-now-41542sury.aspx

Tip your Favorite Finance Articles by Expert Sharath Sury to The Top! Vote Now: Your Opinion Counts!

Tuesday, March 16, 2010

Sharath Sury Wants to Hear From You, Today! Voice Your Opinion and vote!

Posted by SURYONLINE.NET at 3/15/2010 1:19 AM

Vote for the one of the several Aricles by Sharath M. Sury on Tipd.com, and let your choice be heard!
You can also call 415-Sharath (* Sury Online advises that long distance charges may apply), and leave a voicemail for the chance to be selected by Sharath M. Sury as one of three messages, monthly, to receive closer attention and examination to, on SuryOnline.net, and/or its affiliate sites.
So, Be Heard! Sharath Sury Listens.

SOURCEhttp://Blog.SuryOnline.net/2010/03/15/now-you-can-voice-your-opinion--vote-for-the-articles-by-sharath-sury-today.aspx

NEW!! Analytic Due Diligence Using an Alpha Cost Index

Wednesday, March 10, 2010

Analytic Due Diligence Using an Alpha Cost Index

Posted On:

Founder and Chief Executive Officer of the Sury Initiative for Financial Innovation & Risk Management (SIFIRM) at Santa Clara University in California’s Silicon Valley, Sharath Sury devotes his time and energy to the development of real-world solutions to the current economic climate. Sharath Sury has worked with some of the brightest and most experienced experts in finance and risk management through SIFIRM and aims to bring a greater sense of ethics and responsibility to his profession. Through his efforts with SIFIRM, Sharath Sury has established an invaluable forum for the research and discussion of new developments in the world of economics and finance and has attracted a renewed spirit of innovation to the industry.

Issue
Effective portfolio managers recognize that not all returns are created equally.

Examination
Investment strategies can deliver returns that are the result of systematic (market or beta) exposures, nonsystematic (skill or alpha) exposures, and random variation. The relative proportions of alpha, beta, and randomness vary across strategies and even within strategies as they evolve over time. Historically, most investment products have bundled alpha and beta. However, as low-cost, investable proxies for beta grow more pervasive, it is increasingly important for portfolio managers to consider only those actively managed products that are truly delivering incremental alpha. In this article, we introduce a new measure that adjusts product fees to account for the level of alpha delivered—the Alpha Cost Index (ACI).

Conclusion
The ACI levels the playing field by penalizing products that charge active management fees but deliver the preponderance of their returns from beta exposures; thus serving as a useful ranking tool for due diligence.

Keywords: hedge funds, alpha, beta, fees, due diligence

JEL Classifications: G10, G19

Working Paper Series

Date posted: October 06, 2009 ; Last revised: November 04, 2009

Suggested Citation

Sury, Sharath M. and Sury, Manda B, Analytic Due Diligence Using an Alpha Cost Index (April 16, 2006). Available at SSRN: http://ssrn.com/abstract=1482904

Contact Information
Sharath M. Sury (Contact Author)
Santa Clara University ( email )
500 El Camino Real
Santa Clara, CA 95053
United States
HOME PAGE:
University of California ( email )
Santa Cruz, CA 95064
United States