Download e-book for kindle: Alts Democratized, + Website: A Practical Guide to by Jessica Lynn Rabe

By Jessica Lynn Rabe

A entire evaluate of the Liquid Alts industry and the way ‘40 Act items Can increase customer Portfolios

Liquid possible choices provide traders entry to hedge fund suggestions with some great benefits of ’40 Act items: decrease charges, larger liquidity, higher transparency, and greater tax efficiency.

Alts Democratized is a hands-on consultant that provides monetary advisors and person traders the instruments and research to augment consumer portfolios utilizing substitute mutual money and ETFs. Well-grounded in study and replete with greater than a hundred shows of Lipper information, Alts Democratized profiles the head ten cash in all of the 11 Lipper liquid alt classifications. This comprises overall web resources, fund flows, hazard and go back metrics, and the issue exposures that force functionality and aid clarify correlations to varied different types of beta. Jessica Lynn Rabe and Robert J. Martorana, CFA, mix this learn with a finished framework for fund choice and portfolio building to augment the asset allocation method, facilitate portfolio customization, and deal with consumer expectations.

In addition, the ebook comprises sensible views on concerns pertinent to monetary advisors reminiscent of charges, consumer suitability, and volatility administration. This is helping advisors follow the suggestions to portfolios and provide actionable funding suggestion. The authors additionally interviewed executives at major wealth administration organizations to supply colour on developments and most sensible practices.

The spouse web site presents ancillary fabrics that toughen and complement the booklet, including:

  • The authors’ best ten takeaways
  • Classification cheat sheet
  • Portfolio development consultant (full color)
  • Talking issues for clients
  • Q&A on liquid alts
  • Presentation with all 118 shows from the e-book (full color) 

Alts Democratized comprises a whole source for the consultant looking new resources of alpha, diversification, and hedging of tail risks.

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Additional info for Alts Democratized, + Website: A Practical Guide to Alternative Mutual Funds and ETFs for Financial Advisors

Example text

S. Large Cap Core Plus Fund dominates the space with an 86 percent market share of total net assets, making this the most concentrated of Lipper’s 11 alternative classifications. S. large-cap equities, with a target net exposure of 100 percent long. Typical strategies vary between 110 percent long and 10 percent short to 160 percent long and 60 percent short. Definition of the Lipper classification: Alternative Active Extension Funds Alternative Active Extension Funds have boomed since 2007, as investors seek exposure to equities with the potential for enhanced returns.

The data extend through April 22, 2014. The growth of liquid alts accelerated dramatically in 2005, when there were 25 new products launched in eight different Lipper alternative classifications. 4 Alternative Fund IPOs Grand ABR ACF AED AGM AMS CRX DSB ELCC EMN LSE MFF Total 1969 1977 1982 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Grand Total 1 1 4 1 5 14 6 6 1 1 1 1 2 4 4 1 6 2 1 6 6 18 17 14 19 16 17 22 2 1 6 11 9 5 2 1 2 1 1 1 1 1 1 2 2 1 2 7 8 5 11 4 10 7 9 25 49 77 67 49 89 105 89 99 21 56 161 35 747 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 4 6 2 8 4 14 18 29 23 1 1 3 3 3 7 12 4 13 5 2 3 2 3 6 1 3 2 1 1 3 2 3 1 114 56 22 16 1 1 2 3 1 5 4 5 9 9 4 4 7 9 14 2 3 4 3 6 44 54 3 2 1 4 2 2 1 6 3 17 33 16 14 26 17 7 6 4 165 Abbrev Classification ABR AED ELCC ACF CRX EMN AGM LSE MFF AMS DSB Absolute Return Funds Alternative Event Driven Funds Alternative Active Extension Funds Alternative Credit Focus Funds Alternative Currency Strategies Funds Alternative Equity Market Neutral Funds Alternative Global Macro Funds Alternative Long/Short Equity Funds Alternative Managed Futures Funds Alternative Multi-Strategy Funds Dedicated Short Bias Funds Source: Lipper, a Thomson Reuters company 1 2 3 1 1 5 8 2 2 1 3 24 1 1 5 3 1 17 Road Map for the Liquid Alts Space on the alts bandwagon.

4 shows the initial public offerings (IPOs) of liquid alternative funds for all 11 Lipper classifications going back to 1969. These funds were not labeled as alternative back then, but a few funds that exist today have long track records. The data extend through April 22, 2014. The growth of liquid alts accelerated dramatically in 2005, when there were 25 new products launched in eight different Lipper alternative classifications. 4 Alternative Fund IPOs Grand ABR ACF AED AGM AMS CRX DSB ELCC EMN LSE MFF Total 1969 1977 1982 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Grand Total 1 1 4 1 5 14 6 6 1 1 1 1 2 4 4 1 6 2 1 6 6 18 17 14 19 16 17 22 2 1 6 11 9 5 2 1 2 1 1 1 1 1 1 2 2 1 2 7 8 5 11 4 10 7 9 25 49 77 67 49 89 105 89 99 21 56 161 35 747 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 4 6 2 8 4 14 18 29 23 1 1 3 3 3 7 12 4 13 5 2 3 2 3 6 1 3 2 1 1 3 2 3 1 114 56 22 16 1 1 2 3 1 5 4 5 9 9 4 4 7 9 14 2 3 4 3 6 44 54 3 2 1 4 2 2 1 6 3 17 33 16 14 26 17 7 6 4 165 Abbrev Classification ABR AED ELCC ACF CRX EMN AGM LSE MFF AMS DSB Absolute Return Funds Alternative Event Driven Funds Alternative Active Extension Funds Alternative Credit Focus Funds Alternative Currency Strategies Funds Alternative Equity Market Neutral Funds Alternative Global Macro Funds Alternative Long/Short Equity Funds Alternative Managed Futures Funds Alternative Multi-Strategy Funds Dedicated Short Bias Funds Source: Lipper, a Thomson Reuters company 1 2 3 1 1 5 8 2 2 1 3 24 1 1 5 3 1 17 Road Map for the Liquid Alts Space on the alts bandwagon.

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