The Index Revolution (Finally) Comes to Hedge Funds

The index revolution in hedge funds is here!  Well, actually, it arrived fifteen years ago — but established allocators spent the first decade or so fighting it tooth and nail to prevent it from spreading and, in the process, tried their damnedest to convince everyone it couldn’t, wouldn’t or shouldn’t work.  So here we are […]

Did Morningstar Just Make the Case for Hedge Fund Replication?

Morningstar recently published two comprehensive reports that should be required reading for anyone interested in the liquid alternatives space.  The 2021 Global Liquid Alternatives Landscape tackles the difficult experience of most investors in the space due to numerous product “challenges”; aptly, it’s subtitled, A new generation of strategies aims to deliver where pioneers failed.  A second report, Mind the […]

Making the Case for Liquid Alts. In Barrons

DBi’s thesis about Liquid Alts 2.0 and related ETFs are featured in a comprehensive survey of the US liquid alts market in Barron’s. Liquid Alts Were Complex, Pricey, and Underperforming. That May Be Changing. The first generation of liquid alternatives languished—and they were pricey to boot. But that may be changing in a post-Covid market. […]