(Daily Alts)Liquid alternatives struggled in 2015, but few asset classes didn\u2019t. Excluding the \u201cFANG\u201d stocks \u2013 Facebook, Amazon, Netflix, and Google \u2013 even the S&P 500 lost ground last year, and while most liquid alts categories posted losses, every strategy \u201cpeer group\u201d outperformed or at least performed similarly to its hedge-fund counterpart.<\/p>\n
These are the key findings of Goldman Sachs Asset Management\u2019s (\u201cGSAM\u201d) recently released Year-End 2015 Liquid Alternative MAPS report. Other highlights include: Performance among liquid alts funds was widely dispersed, and within each strategy, certain sub-strategies, funds, and managers profited while others lost. Due to this wide dispersion, and the difficulty of predicting which strategies will outperform in a given year, diversification \u201cacross and within\u201d liquid alts proved important.<\/p>\n
GSAM looks at a universe of 337 \u201chedge fund-like\u201d mutual funds, culled from the 677 funds categorized as \u201cliquid alternatives\u201d by Morningstar.<\/p>\n