Overview

This tutorial examines the emergence of liquid alternative funds (“liquid alts”) as a significant asset class since the global financial crisis. The drivers behind the growth of liquid alts are examined, along with the differences between these funds, standard mutual/investment funds, and hedge funds. The tutorial also covers the main liquid alternative trading strategies, as well as the key risk and regulatory considerations for both fund managers and investors.

Objective

On completion of this tutorial, you will be able to:
- Distinguish liquid alternative funds from traditional mutual/investment funds and hedge funds
- Identify the main strategies implemented by liquid alternative fund managers
- Recognize the risk and performance characteristics of liquid alternative funds, as well as the key regulatory issues in relation to these funds

Content

Topic 1: Overview of Liquid Alternatives
Topic 2: Fund Strategies
Topic 3: Fund Risk, Performance, & Regulation