You estimate the CAPM regression for a hedge fund. The estimation is done using monthly returns over the time-period from 2002 to 2019. The results of the estimation are shown below. Suppose that during this time-period, the average monthly return on the hedge fund was 1.295 % and on the market portfolio (MKT) it was 1.700 %.

	Coefficients
Intercept	0.008
X Variable	0.33
Std.Dev.(ri,t-rf,t)	0.0563
Std.Dev.(rm,t-rf,t)	0.0246
Std.Dev.(i,t)	0.0325

The numbers in the table are given in decimal form (e.g., 0.05 is 5 %).

What is the annualized alpha of the hedge fund? The answer should be given in decimal form (e.g., 1% is 0.01).