A story from Money Management Institute states that over 40% of net hedge fund flows for wirehouses in 2013 came in the form of liquid alternatives. This is at the expense of fund of funds and long-term hedge funds. Almost half of the alternative investments went into the non-traditional bond category. Investors want liquid yield. Alternative assets at wirehouses total $172 billion with 51% in the liquid alts category.
The asset flows actually were dominated by just five funds. The market is getting more institutional and focused on mass marketing.
No comments:
Post a Comment