Alts Democratized, + Website: A Practical Guide to by Jessica Lynn Rabe

By Jessica Lynn Rabe

A complete assessment of the Liquid Alts marketplace and the way ‘40 Act items Can improve purchaser Portfolios

Liquid choices provide traders entry to hedge fund innovations with the advantages of ’40 Act items: reduce charges, larger liquidity, higher transparency, and better tax efficiency.

Alts Democratized is a hands-on advisor that provides monetary advisors and person traders the instruments and research to reinforce consumer portfolios utilizing substitute mutual money and ETFs. Well-grounded in examine and replete with greater than a hundred indicates of Lipper information, Alts Democratized profiles the pinnacle ten cash in all the 11 Lipper liquid alt classifications. This contains overall internet resources, fund flows, danger and go back metrics, and the issue exposures that force functionality and support clarify correlations to varied different types of beta. Jessica Lynn Rabe and Robert J. Martorana, CFA, mix this learn with a entire framework for fund choice and portfolio building to augment the asset allocation approach, facilitate portfolio customization, and deal with customer expectations.

In addition, the publication comprises sensible views on matters pertinent to monetary advisors equivalent to charges, customer suitability, and volatility administration. This is helping advisors follow the options to portfolios and supply actionable funding recommendation. The authors additionally interviewed executives at top wealth administration enterprises to supply colour on developments and top practices.

The better half site offers ancillary fabrics that strengthen and complement the booklet, including:

  • The authors’ most sensible ten takeaways
  • Classification cheat sheet
  • Portfolio building advisor (full color)
  • Talking issues for clients
  • Q&A on liquid alts
  • Presentation with all 118 indicates from the publication (full color) 

Alts Democratized comprises a whole source for the consultant looking new assets 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

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S. 9% 5% 20% $169,305 $103,285 $12,181 ($34,341) $1,292,825 $428,400 $1,439,357 $1,750,641 $436,855 $1,898,339 $974 $45,709 ($88,176) $169,061 $18,223 ($13,187) $345,951 $279,770 $26,209 ($46,934) $1,316,394 $405,382 $1,598,393 $2,312,409 $870,508 $350,240 $1,288,943 $573,148 $1,958,133 $2,337,732 $1,216,747 $465,405 $166,795 ($8,826) $88,175 $9,995 ($3,883) $29,128 ($32,316) $27,010 $108,415 $40,638 $63,990 $62,405 $1,105,175 $1,060,141 $109,611 ($15,807) $250,473 $406,367 $234,110 $589,725 $27,737 ($14,281) ($11,613) $29,444 $285,667 $269,686 ($146) ($15,539) $788,528 $1,099,008 $54,331 $63,845 $114,750 $139,824 ($127) $5,308 $262,293 $13,937,361 $270,128 $16,279,118 $37,930 $521,177 $18,544 $546,763 Sum of TNAs 2012 ($Mil) Sum of TNAs 2013 ($Mil) $50,516 $144,429 $194,945 Source: Lipper, a Thomson Reuters company.

Each investor has different goals, and each advisor has a different value proposition. Some readers may be new to liquid alts whereas others may already have an established process. The authors recognize this range of expertise, and show how liquid alts might be used accordingly. We aim for this book to be both a practical tool and an authoritative source of information, and we hope you find it useful. CHAPTER 2 Road Map for the Liquid Alts Space Synopsis Despite a decade of blistering growth in assets, including 10 straight years of positive net flows, liquid alternatives have only a 2 percent share of the mutual fund market.

The history of IPOs gives a snapshot of the depth and breadth of the liquid alts space, and we discuss the details of fund launches in the chapters describing each classification. 5 shows fund closures from 2006 to early 2014. Alternative Long/Short Equity Funds and Dedicated Short Bias Funds have had the greatest number of liquidations, which makes sense since these classifications have the most funds. Profitability is usually the driving force behind fund closures, since funds need a certain level of assets to remain viable (though fund families may carry small funds on the books to offer a complete lineup, or for other competitive reasons).

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