(Harvest) Liquid alternatives offer hedge fund strategies in mutual fund format
The correlations to the S&P 500 have been high, even of market neutral funds. Diversification benefits have therefore been limited. Liquid alternatives have been heralded as hedge funds for Main Street as these investment vehicles offer typical hedge fund strategies in mutual fund format with daily liquidity. While they have higher management fees than plain vanilla mutual funds, liquid alternatives charge less than hedge funds and don’t charge performance fees.
Liquid Alternatives: Alternative Enough?
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