Do outperforming managers exist or are they really just lucky managers who got a fortunate roll of the dice? How can we even define and measure manager talent? Assuming we found a model to spot outperformance, how does one build optimal portfolios of Alternative UCITS funds? An upcoming academic publication “The Alpha and Beta of Equity Hedge UCITS Funds – Implications for momentum investing” by Nabil Bouamara (KU Leuven) et al. goes in great depth answering these questions for Equity Hedge Alternative UCITS, we’ll provide a short synopsis here of the methodology and main results.