Book description
A Comprehensive Review of the Liquid Alts Market and How '40 Act Products Can Enhance Client Portfolios
Liquid alternatives give investors access to hedge fund strategies with the benefits of '40 Act products: lower fees, higher liquidity, greater transparency, and improved tax efficiency.
Alts Democratized is a hands-on guide that offers financial advisors and individual investors the tools and analysis to enhance client portfolios using alternative mutual funds and ETFs. Well-grounded in research and replete with more than 100 exhibits of Lipper data, Alts Democratized profiles the top ten funds in each of the eleven Lipper liquid alt classifications. This includes total net assets, fund flows, risk and return metrics, and the factor exposures that drive performance and help explain correlations to various forms of beta. Jessica Lynn Rabe and Robert J. Martorana, CFA, combine this research with a comprehensive framework for fund selection and portfolio construction to enhance the asset allocation process, facilitate portfolio customization, and manage client expectations.
In addition, the book includes functional perspectives on issues pertinent to financial advisors such as fees, client suitability, and volatility management. This helps advisors apply the concepts to portfolios and offer actionable investment advice. The authors also interviewed executives at leading wealth management firms to provide color on industry trends and best practices.
The companion website provides ancillary materials that reinforce and supplement the book, including:
The authors' top ten takeaways
Classification cheat sheet
Portfolio construction guide (full color)
Talking points for clients
Q&A on liquid alts
Presentation with all 118 exhibits from the book (full color)
Alts Democratized comprises a complete resource for the advisor seeking new sources of alpha, diversification, and hedging of tail risks.
Note: The ebook version does not provide access to the companion files.
Table of contents
- Title Page
- Copyright
- Dedication
- Foreword
- Acknowledgments
- Introduction
- Chapter 1: Definitions and Methodology
- Chapter 2: Road Map for the Liquid Alts Space
- Chapter 3: Absolute Return Funds
- Chapter 4: Alternative Active Extension Funds
- Chapter 5: Alternative Credit Focus Funds
- Chapter 6: Alternative Currency Strategies Funds
- Chapter 7: Alternative Equity Market Neutral Funds
- Chapter 8: Alternative Event-Driven Funds
- Chapter 9: Alternative Global Macro Funds
- Chapter 10: Alternative Long/Short Equity Funds
- Chapter 11: Alternative Managed Futures Funds
- Chapter 12: Alternative Multi-Strategy Funds
- Chapter 13: Dedicated Short Bias Funds
-
Chapter 14: Lipper Alternative Classifications Summary
- Lipper Alternative Classification Roles
- Absolute Return Funds
- Alternative Active Extension Funds
- Alternative Credit Focus Funds
- Alternative Currency Strategies Funds
- Alternative Equity Market Neutral Funds
- Alternative Event Driven Funds
- Alternative Global Macro Funds
- Alternative Long/Short Equity Funds
- Alternative Managed Futures Funds
- Alternative Multi-Strategy Funds
- Dedicated Short Bias Funds
- Chapter 15: Portfolio Construction
- Chapter 16: Volatility Management
- Chapter 17: Suitability and Fees
- Chapter 18: Fund Selection
- Chapter 19: Interviews
- Conclusion
- About the Companion Website
- About the Authors
- Index
- End User License Agreement
Product information
- Title: Alts Democratized: A Practical Guide to Alternative Mutual Funds and ETFs for Financial Advisors, + Website
- Author(s):
- Release date: December 2014
- Publisher(s): Wiley
- ISBN: 9781118971017
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