Morning Agenda: Liquid Alts, a $5 Trillion Comeback, Deutsche Faces a FineBy
CreditPatrick T. Fallon/Bloomberg
Mutual funds that mimic the strategies of hedge funds — the so-called liquid alternatives sector — were the hottest investments a few years ago. And, despite lagging returns and setbacks at several funds, retail investors have continued to stick with them.
This could all be about to change, though.
In the last five months, investors have pulled $5.1 billion from liquid alts. Even the market leader has been unable to shake off lackluster performance…
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