EFTA Document EFTA01364388

Liquid Alternatives for Diversification 'Liquid Alternatives' have recently emerged as a source of portfolio diversification, providing returns previously associated only with hedge funds. - Liquid Alternatives are attractive to investors that are constrained from making substantial allocations to HFs due to liquidity. - Academic research has shown that a significant portion of HF returns are not manager-specific alpha and are systematically replicable. - This is Risk Premia / Alter