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

By Jessica Lynn Rabe

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

Liquid possible choices supply traders entry to hedge fund options with the advantages of ’40 Act items: reduce charges, better liquidity, higher transparency, and stronger tax efficiency.

Alts Democratized is a hands-on consultant that provides monetary advisors and person traders the instruments and research to augment patron portfolios utilizing substitute mutual money and ETFs. Well-grounded in study and replete with greater than a hundred indicates of Lipper facts, Alts Democratized profiles the head ten cash in all of the 11 Lipper liquid alt classifications. This comprises overall internet resources, fund flows, danger and go back metrics, and the issue exposures that force functionality and aid clarify correlations to varied 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 procedure, facilitate portfolio customization, and deal with patron expectations.

In addition, the publication contains practical views on concerns pertinent to monetary advisors comparable to charges, shopper suitability, and volatility administration. This is helping advisors follow the strategies to portfolios and provide actionable funding recommendation. The authors additionally interviewed executives at major wealth administration enterprises to supply colour on tendencies and top practices.

The significant other site offers ancillary fabrics that make stronger and complement the publication, 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 shows from the e-book (full color) 

Alts Democratized comprises an entire 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

These funds may use stocks, bonds, currencies, derivatives, and other securities, as well as short selling and go-anywhere approaches. Many of these strategies are tactical in nature, and are driven 21 22 ALTS DEMOCRATIZED by quantitative analysis over a short time horizon; other funds rebalance the asset allocation based on long-term valuations, and target broad diversification across all asset classes. Some funds use subadvisors to manage various strategies, and reallocate assets based on expectations of the risk/return potential for each subadvisor.

TOP TEN FUNDS The Wells Fargo Advantage Absolute Return Fund (WARDX) tops the list in terms of total net assets and estimated net flows for Absolute Return Funds. 3 Top Ten Absolute Return Funds as of 12/31/13: Total Assets ($ Millions) Total Net Assets Estimated Net Flows WARDX GBMFX $8,139 $4,993 $5,459 $3,543 JHAIX ASFIX $4,611 $3,270 $2,736 ($879) GJRTX $1,745 $84 JCUAX LASYX $1,314 $1,243 $194 $606 GDIFX PDMYX PTRNX $1,039 $1,025 $985 ($302) $143 $43 Symbol Wells Fargo Advantage Absolute Return Fund GMO Benchmark-Free Allocation Fund John Hancock Global Absolute Return Strategy Fund Absolute Strategies Fund (Institutional) Goldman Sachs Absolute Return Tracker Fund John Hancock Absolute Return Currency Fund Natixis Loomis Sayles Strategic Alpha Goldman Sachs Dynamic Allocation Fund Putnam Absolute Return 700 Fund Putnam Absolute Return 300 Fund Source: Lipper, a Thomson Reuters Company.

QUESTIONS 1. What are the key drivers behind the growth of liquid alts? 2. Why is it dangerous to make direct comparisons of risk and return for different Lipper alternative classifications? CHAPTER 3 Absolute Return Funds Synopsis Absolute Return Funds have become tremendously popular in the wake of the 2008 crash as investors seek new forms of diversification. This classification contains a wide variety of strategies, and some funds offer an attractive level of risk and return that is uncorrelated with the market.

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