Does anyone here work with liquid alts? Alternative investment mutual funds are growing like crazy and I’d love to hear the opinion of someone who works with/sells these products regularly.
For those that don’t know, liquid alts are just alternative investment strategies that are sold in a mutual fund. They are restricted on leverage, can’t hold illiquid investments and can’t pay their managers an incentive fee. So outside of a long/short equity or managed futures strategy, these things barely represent the actual strategy they’re promoting.