Another Merit Badge For Liquid Alternatives?

Another Merit Badge for Liquid Alternatives?

When the curtain came down on 2014, liquid alternative funds surprised a lot of people by outperforming hedge funds, their more experienced, more glamorous alternative investment cousins. After all, the reasoning goes, liquid alts are more constrained than hedge funds, so they should underperform. I disagree. The fact is that the competitive landscape has changed. Since…