FYI: Josh Brown recently wrote a piece, “How to Raise 20 Billion Dollarz,” that takes on alternative investments.1 Brown documented the rise and fall of an alternative strategy fund that crushed it during the 2008–2009 down market but has been a real dog during the straight-up market we’ve experienced ever since. This alternative strategy fund saw round-trip flows of $20 billion in assets chasing its performance and then moving out as it failed to keep up with the market’s rip higher.
I write this post with some trepidation, as I will be leaning into liquid alternatives that Brown regularly mocks. My fellow bloggers are likely shaking their heads at the moment: “He’s not the wisest of fellows.” But here goes anyway.
Regards,
Ted
https://www.wisdomtree.com/blog/2017-11-21/not-all-alternative-strategies-are-created-equal
