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Hedge fund-like mutuals losing shine

Liquid alternative funds were among the hottest investments just a few years ago. But there are signs that is about to change.
Saturday, September 17, 2016 - 05:50
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BANKING ON ALTERNATIVES: The liquid-alts sector took off after the financial crisis of 2008, when investors intensified their search for funds that could protect them from the full force of a severe stockmarket decline.

MUTUAL funds that mimic hedge fund strategies - the so-called liquid alternatives sector - were among the hottest investments just a few years ago. Despite lagging returns and setbacks at several noteworthy funds, retail investors until recently have stuck with them even as they have pulled