Liquid alternatives: a worthwhile trade-off?

Liquid alternative products, a fast-growing asset class globally, are increasingly being touted in Asia, but some see them having the potential to harm the reputation of the industry. Liquid alternatives are typically hedge fund, private equity, real estate and infrastructure investments offered in structures that comply with the US’s 40 Act or Europe’s Ucits requirements. Hence they have tighter conditions around how they are managed than typical alternative funds. Numerous fir…