Alternative Assets and Strategic Allocation: Rethinking the Institutional Approach

Introduction

There is a wealth of literature on alternative investments, ranging from collections of admiring interviews with the various wizards and rocket scientists whom the media seem to think populate the industry, to detailed strategy-by-strategy guidebooks and an ever-mounting corpus of densely argued academic discussion. Although there is considerable chaff among the wheat in all this mass of material, alternative investments are certainly not in want of attention, and by now many of the requirements of serious investors who are new to the topic, let alone those of sensation-seekers, have been quite fully addressed. There is little need for yet another introduction to alternative investments or yet another encyclopedic handbook to guide ...