The term ‘alternative investments’ is typically associated with strategies that have relatively low correlations to equity and bond indices. The difference in returns often comes down to specialized skills and distinct investment techniques.
As we move into the later stages of the global business cycle, investors should prepare for some shifts in the current market climate.
Chart of the Week
Source: Bloomberg, S&P Dow Jones Indices, August 2, 2018. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.
CHART OF THE WEEK
July's employment report showed growth continuing; the Fed sounded optimistic about growth in its latest statement; the UK's rate rise was about normalization, not Brexit; China took some market-based steps in the currency market.
Waiting around for the dust to settle is not the usual approach for Gregg Hymowitz, the chief executive of EnTrustPermal, a Legg Mason affiliate specializing in managing funds of hedge funds.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.