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998:, as defined in the report, to have 10% of their financial assets in alternative investments. For the purposes of the report, alternative investments included "structured products, luxury valuables and collectibles, hedge funds, managed futures, and precious metals". By 2007, this had reduced to 9%. No recommendations were made in either report about the amount of money investors
872:
platforms allow "the crowd" to review early-stage investment opportunities presented by entrepreneurs and take an equity stake in the business. Typically an online platform acts as a broker between investors and founders. These platforms differ greatly in the types of opportunities they will offer up
856:
used the repeat sale method and compared prices of 500 paintings sold over 410 years before concluding that the average real annual return on art was 0.55%. Another study of high-quality oil paintings sold in Sweden between 1985 and 2016 determined the average return to be 0.6% annually. However, art
922:
consists of large-scale private investments into unlisted companies in return for equity. Private funds are typically formed by combining funds from institutional investors such as high-net-worth individuals, insurance companies, university endowment funds and pension funds. Funds are used alongside
898:
Only available in the UK, SEIS funds and EIS funds present a tax-efficient way of investing in early-stage ventures. These work much like venture capital funds, with the added bonus of receiving government tax incentives for investing and loss relief protection should the companies invested in fail.
885:
The notion of “infrastructure as an asset class” has grown steadily in the past seven years. But, so far, this development has been the preserve of institutional investors: pension funds, insurance companies and sovereign wealth funds, with very limited access to high-net-worth investors (except a
1079:, which specializes in only alternative investments including private equity, private debt, real assets, hedge funds, and hedge funds of funds, became the first alternative investment manager to reach $ 1 trillion in assets under management (AUM). Other notable alternative asset managers include
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In 2014 there were an estimated 298 liquid alternative funds with strategies such as long-short equity funds; event-driven, relative value, tactical trading (including managed futures), and multi-strategy. This number does not include option income funds, tactical shorting and leveraged indexed
1144:
Liquid alternatives became popular in the late 2000s, growing from $ 124 billion in assets under management 2010 to $ 310 billion in 2014. However, in 2015 only $ 85 million was added, with 31 closed funds and a high-profile underperformance by the largest long-short equity fund at the time,
899:
Such funds help to diversify investor exposure by investing in multiple early ventures. Fees are normally charged by the management team for participating in the fund, and these can end up totaling anywhere between 15% and 40% of the fund value over the course of its life.
873:
to investors, how much due diligence is performed, degree of investor protections available, minimum investment size and so on. Equity crowdfunding platforms have seen a significant amount of success in the UK and, with the passing of
1071:
Alternatives may be offered by traditional investment companies or specialized companies. Among companies which specialize in alternative investments, some offer a variety of strategies others offer only a specific type.
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662:
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Liquid alternatives ("alts") are alternative investments that provide daily liquidity. Liquid alternative investments should produce returns uncorrelated to GDP growth, must have protection against
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may be included in this category; however, traditional hedge funds may have liquidity limitations, and the term is usually used for registered mutual funds which use hedge fund strategies such as
1781:"with a loss of 2 trillion USD, High Net Worth Individual wealth declines after seven consecutive years of growth but HNWI's trust and satisfaction in wealth managers and firms remain high"
808:
As the definition of alternative investments is broad, data and research vary widely across the investment classes. For example, art and wine investments may lack high-quality data. The
857:
gallerists are sometimes ambivalent to the idea of treating artwork as an investment. Art is also notoriously difficult to value, and there are quite a few factors to bear in mind for
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1160:(AUM) in 2010 to $ 185 billion in AUM in 2017 driven in part by marketing mutual-fund like products with lower fees. As of 2016, AQR Capital was the largest manager of liquid alts.
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2014:
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are also often termed "alternative" despite the ancient use of such real assets to enhance and preserve wealth. Alternative investments are to be contrasted with
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There has been expressed skepticism over the complexity of liquid alts and the lack of able portfolio managers. One of the world's largest hedge fund managers,
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consists of private investments made into young start-up companies in exchange for equity. Venture capital funds are typically formed by drawing capital from
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income. Through these platforms, investors can have fractional ownership of a particular asset leased to an organization and earn fixed returns.
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place in alternative investments. As of 2019, the global breakdown of financial assets included a 13% allocation to alternative investments.
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such as high-net worth individuals, banks, and other companies will also invest in a start-up company if it grows to a large enough scale.
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borrowed money and the money of the private equity firm itself to invest in businesses they believe to have high growth potential.
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Lease investing platforms provide investors with options to co-invest and have partial ownership in physical assets that earn
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Coslor, Erica; Spaenjers, Christophe (2016). "Organizational and epistemic change: The growth of the art investment field".
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1871:"Blackstone Is the First Alternative Asset Manager to Hit $ 1 Trillion AUM. So Where Does It Go From Here?"
1845:"Blackstone Is the First Alternative Asset Manager to Hit $ 1 Trillion AUM. So Where Does It Go From Here?"
1564:"HOSTILE WORLDS AND QUESTIONABLE SPECULATION: RECOGNIZING THE PLURALITY OF VIEWS ABOUT ART AND THE MARKET"
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A British 1 shilling embossed stamp, typical of the type included in an investment portfolio of stamps.
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1627:, Roundtable led by Arbejdsmarkedets TillægsPension (ATP), Denmark’s National Supplementary Pension
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Alternative investments are sometimes used as a way of reducing overall investment risk through
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As of 2023, traditional asset management companies had begun to offer alternatives including
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1649:"Pension Investment in infrastructure Debt: A New Source of Capital for Project Finance"
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Please help update this article to reflect recent events or newly available information.
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2042:"Inside The Booming Financials Of Billionaire Cliff Asness' AQR Capital Management"
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Financial
Instruments: Equities, Debt, Derivatives and Alternative Investments
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has opened up new avenues to investing in alternatives such as the following:
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Alternative
Investments: Instruments, Performance, Benchmarks and Strategies
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1930:"Drowning in Liquid Alts | IMPACT 2014 content from WealthManagement.com"
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1495:(May 1986). "Unnatural Value: Or Art Investment as Floating Crap Game".
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Title III in early 2016, are now picking up steam in the United States.
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Economic Action in Theory and
Practice: Anthropological Investigations
1040:
It may be difficult to determine the current market value of the asset
2221:
1755:
1570:. Research in Economic Anthropology. Vol. 30. pp. 209–224.
1425:"Tax Receivable Agreements | Parallaxes Capital | Alternative Assets"
1128:
and should be too small to create new systemic risks for the market.
1099:
2375:
1719:
1287:"Five Alternative Investments To Protect Your Wealth From Inflation"
1029:
Some of the characteristics of alternative investments may include:
1013:
bar, the standard for trade in the major international gold markets.
37:
1994:"As liquid-alt mutual funds proliferate, some question their value"
994:
The 2003 Capgemini World Wealth Report, based on 2002 data, showed
874:
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A high degree of investment analysis may be required before buying
1472:"Alternative Investments - What is the best way to invest money?"
1424:
1005:
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520:
2169:
by Chris Veld, University of
Stirling. (Incomplete first draft)
1291:
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with traditional financial investments such as stocks and bonds
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2102:
1156:, began offering funds in 2009, and grew from $ 33 billion in
2864:
908:
259:
1617:"Infrastructure As A New Asset Class for Pensions and SWFs"
702:
485:
2167:
1429:
Parallaxes
Capital | Experts in Tax Receivable Agreements
1043:
Alternative investments may be relatively illiquid (see "
820:
to provide research and a forum for discussion regarding
717:
1614:
1395:"Investing In The Big Screen Can Be A Profitable Story"
1960:"The Year the Hedge-Fund Model Stalled on Main Street"
2068:"Investors Stick With Assets That Mimic Hedge Funds"
1053:
There may be limited historical risk and return data
835:
880:
62:. Unsourced material may be challenged and removed.
1674:Barber, Felix; Goold, Michael (1 September 2007).
1095:, each of which have hundreds of billions in AUM.
1352:"First class returns for alternative investments"
1050:Costs of purchase and sale may be relatively high
3130:
2015:"AQR hedging its bets with big mutual fund plan"
946:is also used by start-up companies for capital.
708:The term is a relatively loose one and includes
2843:Qualifying investor alternative investment fund
1312:
2121:
1543:"Ny svensk studie: Konst en dĂĄlig investering"
1231:
2729:
2189:
642:
27:Investments other than stocks, bonds and cash
2803:Labour-sponsored venture capital corporation
1615:WPC Conference Committee (9 February 2012).
2673:Alternative investment management companies
2650:Standards Board for Alternative Investments
1673:
3115:
2736:
2722:
2698:
2554:Taxation of private equity and hedge funds
2196:
2182:
1716:Merrill Lynch/Cap Gemini Ernst & Young
649:
635:
2743:
1807:"Introduction to Alternative Investments"
1653:World Bank (Infrastructure and PPPs Blog)
1521:
1349:
1334:
122:Learn how and when to remove this message
1897:"The Definition of A Liquid Alternative"
1676:"The Strategic Secret of Private Equity"
1392:
1175:Chartered Alternative Investment Analyst
1004:
818:Emory Center for Alternative Investments
660:
2103:H. Kent Baker and Greg Filbeck (2013).
1522:Kundu, Dennis; Raza, Alexander (2016).
14:
3131:
1957:
1646:
1491:
1113:
864:
2717:
2254:fixed-income relative-value investing
2177:
2065:
1953:
1951:
1924:
1922:
1839:
1837:
1647:Firzli, M. Nicolas J. (24 May 2016).
1540:
1315:Accounting, Organizations and Society
1284:
893:
2066:Smith, Randall (15 September 2016).
1991:
1393:Schwartz, Shelly (18 October 2010).
957:
740:) and some financial assets such as
60:adding citations to reliable sources
31:
1541:Modig, Karolina (4 February 2017).
1239:"Scope - Definition of AIF - AIFMD"
736:, watches, musical instruments, or
24:
2096:
1958:Krouse, Sarah (31 December 2015).
1948:
1919:
1889:
1834:
1576:10.1108/S0190-1281(2010)0000030012
1350:Greenwood, John (6 October 2008).
1017:
926:
902:
25:
3150:
2159:
2142:How To Invest In Stamps And Coins
2039:
1561:
914:
836:Access to alternative investments
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881:Infrastructure as an asset class
149:
36:
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2007:
1985:
1932:. 30 March 2015. Archived from
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1799:
1773:
1737:
1701:
1667:
1640:
1625:2nd Annual World Pensions Forum
1608:
1555:
1534:
1524:"What drives the value of art?"
1515:
1485:
1464:
840:In recent years, the growth of
392:Over-the-counter (off-exchange)
47:needs additional citations for
2940:Socially responsible investing
2870:Split capital investment trust
1442:
1417:
1386:
1365:
1343:
1306:
1278:
1257:
1108:Franklin Templeton Investments
1067:List of asset management firms
788:. Investments in real estate,
13:
1:
2828:Open-ended investment company
1528:Stockholm School of Economics
1225:
1120:Liquid alternative investment
618:Sustainable development goals
3086:Returns-based style analysis
2849:Real estate investment trust
2528:security characteristic line
1754:. p. 14. Archived from
1718:. p. 12. Archived from
1562:E, Coslor (1 January 2010).
1497:The American Economic Review
953:
7:
3021:Efficient-market hypothesis
2516:Capital asset pricing model
2235:Capital structure arbitrage
2144:. Quick Easy Guides. 2008.
1163:
1060:
803:
679:alternative investment fund
10:
3155:
2860:Short-term investment fund
2318:Commodity trading advisors
1745:"World Wealth Report 2008"
1709:"World Wealth Report 2003"
1373:"FAQs - The Gold Standard"
1200:Palladium as an investment
1117:
1064:
996:high-net-worth individuals
3104:
3063:
3008:
2967:
2903:
2808:Listed investment company
2777:Fonds commun de placement
2751:
2663:
2655:Managed Funds Association
2637:
2599:High-net-worth individual
2571:
2479:
2433:
2424:
2383:
2372:
2350:
2305:
2272:
2220:
2211:
2107:. John Wiley & Sons.
1327:10.1016/j.aos.2016.09.003
1210:Platinum as an investment
1180:Diamonds as an investment
971:This section needs to be
786:Tax Receivable Agreements
501:Diversification (finance)
3016:Arbitrage pricing theory
2492:Arbitrage pricing theory
1752:Cap Gemini Merrill Lynch
1285:Investing, Intelligent.
1265:"Alternative Investment"
810:Goizueta Business School
71:"Alternative investment"
3091:Traditional investments
3076:Commodity pool operator
3050:Noisy market hypothesis
3045:Modern portfolio theory
2895:Unitised insurance fund
2823:Open-ended fund company
2765:Common contractual fund
2604:Institutional investors
2497:Assets under management
2322:managed futures account
2122:David M. Weiss (2009).
1680:Harvard Business Review
1220:Traditional investments
1215:Silver as an investment
1158:assets under management
798:traditional investments
18:Alternative investments
3071:Alternative investment
2985:Institutional investor
2629:Sovereign wealth funds
2401:High-frequency trading
2250:Fixed income arbitrage
1822:Cite journal requires
1014:
847:
671:alternative investment
666:
466:Alternative investment
2885:Unit investment trust
2745:Investment management
2471:Structured securities
2287:Distressed securities
2259:Statistical arbitrage
2245:Equity market neutral
2240:Convertible arbitrage
1205:Philatelic investment
1185:Gold as an investment
1008:
774:financial derivatives
754:distressed securities
664:
598:Investment management
511:Environmental finance
2875:Tax transparent fund
2771:Exchange-traded fund
2589:Financial endowments
2534:Fundamental analysis
2282:Shareholder activism
2264:Volatility arbitrage
1450:"Invest in a forest"
1136:equity investments.
1126:systemic market risk
948:Accredited investors
816:has established the
56:improve this article
2930:Manager of managers
2838:Private-equity fund
2703:List of hedge funds
2693:Hedge fund managers
2609:Insurance companies
2594:Fund of hedge funds
2502:Black–Scholes model
2416:Proprietary trading
2391:Algorithmic trading
2358:Fund of hedge funds
1964:Wall Street Journal
1901:Advent Alternatives
1761:on 24 December 2010
1114:Liquid alternatives
870:Equity crowdfunding
865:Equity crowdfunding
842:alternative finance
782:non-fungible tokens
772:, film production,
673:, also known as an
623:Sustainable finance
137:Part of a series on
3040:Martingale pricing
2950:Thematic investing
2915:passive management
2559:Technical analysis
1907:on 19 January 2015
1145:Marketfield Fund.
1015:
894:SEIS and EIS funds
667:
613:Speculative attack
378:Structured product
3126:
3125:
2904:Investment styles
2711:
2710:
2567:
2566:
2370:
2369:
2337:Long/short equity
2313:Convergence trade
2297:Special situation
2151:978-1-60620-661-4
2133:978-1-59184-227-9
2114:978-1-118-24112-7
1593:978-0-85724-117-7
1548:Svenska Dagbladet
1245:. 31 January 2017
992:
991:
852:In a 1986 paper,
675:alternative asset
659:
658:
486:Banks and banking
476:Asset (economics)
302:Credit derivative
270:Stock certificate
143:Financial markets
132:
131:
124:
106:
16:(Redirected from
3146:
3118:
3117:
3110:
3109:
2959:growth investing
2925:Impact investing
2793:Investment trust
2738:
2731:
2724:
2715:
2714:
2701:
2700:
2691:
2690:
2681:
2680:
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2670:
2614:Investment banks
2461:Foreign exchange
2431:
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2378:
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2198:
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2184:
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2155:
2137:
2118:
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2063:
2057:
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2054:
2052:
2037:
2031:
2030:
2028:
2026:
2011:
2005:
2004:
2002:
2000:
1992:Benjamin, Jeff.
1989:
1983:
1982:
1980:
1978:
1955:
1946:
1945:
1943:
1941:
1936:on 30 March 2015
1926:
1917:
1916:
1914:
1912:
1903:. Archived from
1893:
1887:
1886:
1884:
1882:
1877:. 21 August 2023
1875:Morningstar, Inc
1867:
1861:
1860:
1858:
1856:
1851:. 21 August 2023
1849:Morningstar, Inc
1841:
1832:
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1713:
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1671:
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1662:
1660:
1655:. Washington, DC
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1621:
1612:
1606:
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1552:
1538:
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1513:
1512:
1489:
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1478:
1468:
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1459:
1457:
1452:. 24 August 2007
1446:
1440:
1439:
1437:
1435:
1421:
1415:
1414:
1412:
1410:
1401:. Archived from
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1384:
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1381:
1379:
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1347:
1341:
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1261:
1255:
1254:
1252:
1250:
1235:
987:
984:
978:
966:
965:
958:
814:Emory University
778:cryptocurrencies
716:, collectibles (
651:
644:
637:
593:Impact investing
588:Growth investing
321:Foreign exchange
307:Futures exchange
255:Registered share
153:
134:
133:
127:
120:
116:
113:
107:
105:
64:
40:
32:
21:
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3143:
3129:
3128:
3127:
3122:
3100:
3059:
3004:
3000:Performance fee
2990:Net asset value
2980:Fund governance
2975:Closed-end fund
2963:
2899:
2756:
2754:
2747:
2742:
2712:
2707:
2659:
2645:Fund governance
2633:
2563:
2487:Absolute return
2475:
2426:
2420:
2411:Program trading
2406:Prime brokerage
2379:
2366:
2346:
2342:Trend following
2327:Dedicated short
2301:
2268:
2225:
2213:
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2162:
2152:
2140:
2134:
2115:
2099:
2097:Further reading
2094:
2084:
2082:
2064:
2060:
2050:
2048:
2040:Vardi, Nathan.
2038:
2034:
2024:
2022:
2013:
2012:
2008:
1998:
1996:
1990:
1986:
1976:
1974:
1956:
1949:
1939:
1937:
1928:
1927:
1920:
1910:
1908:
1895:
1894:
1890:
1880:
1878:
1869:
1868:
1864:
1854:
1852:
1843:
1842:
1835:
1823:
1821:
1812:
1811:
1805:
1804:
1800:
1790:
1788:
1779:
1778:
1774:
1764:
1762:
1758:
1747:
1743:
1742:
1738:
1728:
1726:
1722:
1711:
1707:
1706:
1702:
1692:
1690:
1672:
1668:
1658:
1656:
1645:
1641:
1631:
1629:
1619:
1613:
1609:
1594:
1560:
1556:
1539:
1535:
1520:
1516:
1493:Baumol, William
1490:
1486:
1476:
1474:
1470:
1469:
1465:
1455:
1453:
1448:
1447:
1443:
1433:
1431:
1423:
1422:
1418:
1408:
1406:
1405:on 12 June 2011
1391:
1387:
1377:
1375:
1371:
1370:
1366:
1356:
1354:
1348:
1344:
1311:
1307:
1297:
1295:
1283:
1279:
1269:
1267:
1263:
1262:
1258:
1248:
1246:
1237:
1236:
1232:
1228:
1195:Investment wine
1190:Inflation hedge
1166:
1142:
1122:
1116:
1069:
1063:
1024:diversification
1020:
1018:Characteristics
988:
982:
979:
976:
967:
963:
956:
940:angel investors
932:Venture capital
929:
927:Venture capital
917:
905:
903:Lease investing
896:
883:
867:
850:
838:
830:venture capital
806:
770:venture capital
714:precious metals
710:tangible assets
655:
496:Climate finance
425:
411:
339:
338:
318:
317:
312:Hybrid security
250:Preferred stock
220:
211:High-yield debt
206:Government bond
128:
117:
111:
108:
65:
63:
53:
41:
28:
23:
22:
15:
12:
11:
5:
3152:
3142:
3141:
3124:
3123:
3105:
3102:
3101:
3099:
3098:
3093:
3088:
3083:
3078:
3073:
3067:
3065:
3064:Related topics
3061:
3060:
3058:
3057:
3052:
3047:
3042:
3037:
3023:
3018:
3012:
3010:
3006:
3005:
3003:
3002:
2997:
2992:
2987:
2982:
2977:
2971:
2969:
2965:
2964:
2962:
2961:
2952:
2947:
2945:Social trading
2942:
2937:
2935:Social finance
2932:
2927:
2922:
2917:
2907:
2905:
2901:
2900:
2898:
2897:
2892:
2887:
2882:
2877:
2872:
2867:
2862:
2857:
2852:
2846:
2840:
2835:
2830:
2825:
2820:
2815:
2810:
2805:
2800:
2795:
2790:
2785:
2780:
2774:
2768:
2761:
2759:
2749:
2748:
2741:
2740:
2733:
2726:
2718:
2709:
2708:
2706:
2705:
2695:
2685:
2675:
2664:
2661:
2660:
2658:
2657:
2652:
2647:
2641:
2639:
2635:
2634:
2632:
2631:
2626:
2621:
2619:Merchant banks
2616:
2611:
2606:
2601:
2596:
2591:
2586:
2584:Family offices
2581:
2575:
2573:
2569:
2568:
2565:
2564:
2562:
2561:
2556:
2551:
2546:
2544:Securitization
2541:
2536:
2531:
2513:
2499:
2494:
2489:
2483:
2481:
2477:
2476:
2474:
2473:
2468:
2463:
2458:
2453:
2448:
2443:
2437:
2435:
2428:
2422:
2421:
2419:
2418:
2413:
2408:
2403:
2398:
2393:
2387:
2385:
2381:
2380:
2373:
2371:
2368:
2367:
2365:
2364:
2354:
2352:
2348:
2347:
2345:
2344:
2339:
2334:
2329:
2324:
2315:
2309:
2307:
2303:
2302:
2300:
2299:
2294:
2292:Risk arbitrage
2289:
2284:
2278:
2276:
2270:
2269:
2267:
2266:
2261:
2256:
2247:
2242:
2237:
2231:
2229:
2227:relative value
2215:
2209:
2208:
2201:
2200:
2193:
2186:
2178:
2172:
2171:
2161:
2160:External links
2158:
2157:
2156:
2150:
2138:
2132:
2119:
2113:
2098:
2095:
2093:
2092:
2072:New York Times
2058:
2032:
2021:. 24 June 2009
2006:
1984:
1947:
1918:
1888:
1862:
1833:
1824:|journal=
1798:
1772:
1736:
1725:on 24 May 2010
1700:
1666:
1639:
1607:
1592:
1554:
1533:
1514:
1484:
1463:
1441:
1416:
1385:
1364:
1342:
1305:
1277:
1256:
1229:
1227:
1224:
1223:
1222:
1217:
1212:
1207:
1202:
1197:
1192:
1187:
1182:
1177:
1172:
1165:
1162:
1141:
1138:
1118:Main article:
1115:
1112:
1062:
1059:
1058:
1057:
1054:
1051:
1048:
1041:
1038:
1019:
1016:
990:
989:
983:September 2016
970:
968:
961:
955:
952:
928:
925:
920:Private equity
916:
915:Private equity
913:
904:
901:
895:
892:
888:family offices
882:
879:
866:
863:
854:William Baumol
849:
846:
837:
834:
822:private equity
805:
802:
766:carbon credits
762:exchange funds
750:private equity
695:capital stocks
657:
656:
654:
653:
646:
639:
631:
628:
627:
626:
625:
620:
615:
610:
605:
600:
595:
590:
585:
580:
575:
574:
573:
568:
563:
558:
553:
548:
543:
538:
533:
528:
518:
513:
508:
503:
498:
493:
488:
483:
478:
473:
471:Angel investor
468:
460:
459:
455:
454:
453:
452:
447:
442:
434:
433:
427:
426:
424:
423:
418:
412:
410:
409:
404:
398:
395:
394:
388:
387:
386:
385:
383:Swap (finance)
380:
375:
370:
365:
360:
355:
350:
345:
337:
336:
330:
323:
319:
316:
315:
309:
304:
297:
293:
290:
289:
285:
284:
283:
282:
277:
275:Stock exchange
272:
267:
262:
257:
252:
247:
242:
234:
233:
227:
226:
225:
224:
222:Securitization
218:
216:Municipal bond
213:
208:
203:
198:
196:Corporate bond
193:
191:Bond valuation
185:
184:
178:
177:
176:
175:
163:
155:
154:
146:
145:
139:
138:
130:
129:
44:
42:
35:
26:
9:
6:
4:
3:
2:
3151:
3140:
3137:
3136:
3134:
3121:
3113:
3103:
3097:
3094:
3092:
3089:
3087:
3084:
3082:
3079:
3077:
3074:
3072:
3069:
3068:
3066:
3062:
3056:
3053:
3051:
3048:
3046:
3043:
3041:
3038:
3035:
3031:
3027:
3024:
3022:
3019:
3017:
3014:
3013:
3011:
3007:
3001:
2998:
2996:
2995:Open-end fund
2993:
2991:
2988:
2986:
2983:
2981:
2978:
2976:
2973:
2972:
2970:
2966:
2960:
2956:
2953:
2951:
2948:
2946:
2943:
2941:
2938:
2936:
2933:
2931:
2928:
2926:
2923:
2921:
2918:
2916:
2912:
2909:
2908:
2906:
2902:
2896:
2893:
2891:
2888:
2886:
2883:
2881:
2880:Umbrella fund
2878:
2876:
2873:
2871:
2868:
2866:
2863:
2861:
2858:
2856:
2855:Royalty trust
2853:
2850:
2847:
2844:
2841:
2839:
2836:
2834:
2831:
2829:
2826:
2824:
2821:
2819:
2818:Offshore fund
2816:
2814:
2811:
2809:
2806:
2804:
2801:
2799:
2796:
2794:
2791:
2789:
2786:
2784:
2783:Fund of funds
2781:
2778:
2775:
2772:
2769:
2766:
2763:
2762:
2760:
2758:
2750:
2746:
2739:
2734:
2732:
2727:
2725:
2720:
2719:
2716:
2704:
2696:
2694:
2686:
2684:
2676:
2674:
2666:
2665:
2662:
2656:
2653:
2651:
2648:
2646:
2643:
2642:
2640:
2636:
2630:
2627:
2625:
2624:Pension funds
2622:
2620:
2617:
2615:
2612:
2610:
2607:
2605:
2602:
2600:
2597:
2595:
2592:
2590:
2587:
2585:
2582:
2580:
2579:Vulture funds
2577:
2576:
2574:
2570:
2560:
2557:
2555:
2552:
2550:
2547:
2545:
2542:
2540:
2537:
2535:
2532:
2529:
2525:
2521:
2517:
2514:
2511:
2510:delta neutral
2507:
2503:
2500:
2498:
2495:
2493:
2490:
2488:
2485:
2484:
2482:
2478:
2472:
2469:
2467:
2466:Money markets
2464:
2462:
2459:
2457:
2454:
2452:
2449:
2447:
2444:
2442:
2439:
2438:
2436:
2432:
2429:
2423:
2417:
2414:
2412:
2409:
2407:
2404:
2402:
2399:
2397:
2394:
2392:
2389:
2388:
2386:
2382:
2377:
2363:
2362:Multi-manager
2359:
2356:
2355:
2353:
2349:
2343:
2340:
2338:
2335:
2333:
2330:
2328:
2325:
2323:
2319:
2316:
2314:
2311:
2310:
2308:
2304:
2298:
2295:
2293:
2290:
2288:
2285:
2283:
2280:
2279:
2277:
2275:
2271:
2265:
2262:
2260:
2257:
2255:
2251:
2248:
2246:
2243:
2241:
2238:
2236:
2233:
2232:
2230:
2228:
2223:
2219:
2216:
2210:
2206:
2199:
2194:
2192:
2187:
2185:
2180:
2179:
2176:
2170:
2168:
2164:
2163:
2153:
2147:
2143:
2139:
2135:
2129:
2126:. Portfolio.
2125:
2120:
2116:
2110:
2106:
2101:
2100:
2081:
2077:
2073:
2069:
2062:
2047:
2043:
2036:
2020:
2016:
2010:
1995:
1988:
1973:
1969:
1965:
1961:
1954:
1952:
1935:
1931:
1925:
1923:
1906:
1902:
1898:
1892:
1876:
1872:
1866:
1850:
1846:
1840:
1838:
1829:
1816:
1808:
1802:
1787:. 9 July 2019
1786:
1782:
1776:
1757:
1753:
1746:
1740:
1721:
1717:
1710:
1704:
1689:
1685:
1681:
1677:
1670:
1654:
1650:
1643:
1628:
1626:
1618:
1611:
1603:
1599:
1595:
1589:
1585:
1581:
1577:
1573:
1569:
1565:
1558:
1551:(in Swedish).
1550:
1549:
1544:
1537:
1529:
1525:
1518:
1510:
1506:
1502:
1498:
1494:
1488:
1473:
1467:
1451:
1445:
1430:
1426:
1420:
1404:
1400:
1396:
1389:
1374:
1368:
1353:
1346:
1337:
1332:
1328:
1324:
1320:
1316:
1309:
1294:
1293:
1288:
1281:
1266:
1260:
1244:
1240:
1234:
1230:
1221:
1218:
1216:
1213:
1211:
1208:
1206:
1203:
1201:
1198:
1196:
1193:
1191:
1188:
1186:
1183:
1181:
1178:
1176:
1173:
1171:
1170:Art valuation
1168:
1167:
1161:
1159:
1155:
1150:
1146:
1140:United States
1137:
1135:
1131:
1127:
1121:
1111:
1109:
1105:
1104:T. Rowe Price
1101:
1096:
1094:
1090:
1086:
1082:
1078:
1073:
1068:
1055:
1052:
1049:
1046:
1042:
1039:
1036:
1032:
1031:
1030:
1027:
1025:
1012:
1011:Good Delivery
1007:
1003:
1001:
997:
986:
974:
969:
960:
959:
951:
949:
945:
941:
937:
933:
924:
921:
912:
910:
900:
891:
889:
878:
876:
871:
862:
860:
859:art valuation
855:
845:
843:
833:
832:investments.
831:
827:
823:
819:
815:
811:
801:
799:
795:
791:
787:
783:
779:
775:
771:
767:
763:
759:
755:
751:
747:
743:
739:
735:
731:
727:
723:
719:
715:
711:
706:
704:
700:
696:
692:
688:
684:
680:
676:
672:
663:
652:
647:
645:
640:
638:
633:
632:
630:
629:
624:
621:
619:
616:
614:
611:
609:
606:
604:
601:
599:
596:
594:
591:
589:
586:
584:
581:
579:
576:
572:
569:
567:
564:
562:
559:
557:
554:
552:
549:
547:
544:
542:
539:
537:
534:
532:
529:
527:
524:
523:
522:
519:
517:
514:
512:
509:
507:
506:Eco-investing
504:
502:
499:
497:
494:
492:
489:
487:
484:
482:
481:Asset pricing
479:
477:
474:
472:
469:
467:
464:
463:
462:
461:
458:Related areas
457:
456:
451:
448:
446:
443:
441:
438:
437:
436:
435:
432:
429:
428:
422:
419:
417:
414:
413:
408:
405:
403:
400:
399:
397:
396:
393:
390:
389:
384:
381:
379:
376:
374:
371:
369:
366:
364:
361:
359:
356:
354:
351:
349:
346:
344:
341:
340:
334:
333:Exchange rate
331:
329:
325:
324:
322:
313:
310:
308:
305:
303:
299:
298:
296:
292:
291:
288:Other markets
287:
286:
281:
280:Watered stock
278:
276:
273:
271:
268:
266:
263:
261:
258:
256:
253:
251:
248:
246:
243:
241:
238:
237:
236:
235:
232:
229:
228:
223:
219:
217:
214:
212:
209:
207:
204:
202:
199:
197:
194:
192:
189:
188:
187:
186:
183:
180:
179:
174:
171:
167:
164:
162:
161:Public market
159:
158:
157:
156:
152:
148:
147:
144:
141:
140:
136:
135:
126:
123:
115:
112:November 2013
104:
101:
97:
94:
90:
87:
83:
80:
76:
73: –
72:
68:
67:Find sources:
61:
57:
51:
50:
45:This article
43:
39:
34:
33:
30:
19:
3081:Robo-advisor
3070:
3026:Fixed income
2957: /
2913: /
2833:Pension fund
2456:Fixed income
2332:Global macro
2274:Event-driven
2166:
2141:
2123:
2104:
2083:. Retrieved
2071:
2061:
2049:. Retrieved
2045:
2035:
2023:. Retrieved
2018:
2009:
1997:. Retrieved
1987:
1975:. Retrieved
1963:
1938:. Retrieved
1934:the original
1909:. Retrieved
1905:the original
1900:
1891:
1879:. Retrieved
1874:
1865:
1853:. Retrieved
1848:
1815:cite journal
1801:
1789:. Retrieved
1785:Capgemini US
1784:
1775:
1763:. Retrieved
1756:the original
1751:
1739:
1727:. Retrieved
1720:the original
1715:
1703:
1691:. Retrieved
1679:
1669:
1657:. Retrieved
1652:
1642:
1630:. Retrieved
1623:
1610:
1567:
1557:
1546:
1536:
1517:
1503:(2): 10–14.
1500:
1496:
1487:
1475:. Retrieved
1466:
1454:. Retrieved
1444:
1432:. Retrieved
1428:
1419:
1407:. Retrieved
1403:the original
1398:
1388:
1376:. Retrieved
1367:
1355:. Retrieved
1345:
1336:11343/119743
1318:
1314:
1308:
1296:. Retrieved
1290:
1280:
1268:. Retrieved
1259:
1247:. Retrieved
1242:
1233:
1151:
1147:
1143:
1123:
1097:
1074:
1070:
1028:
1021:
999:
993:
980:
972:
944:crowdfunding
942:. Nowadays,
930:
918:
906:
897:
884:
868:
851:
839:
807:
730:vintage cars
707:
682:
678:
674:
670:
668:
608:Market trend
583:Greenwashing
465:
440:Participants
245:Growth stock
240:Common stock
231:Stock market
201:Fixed income
169:
118:
109:
99:
92:
85:
78:
66:
54:Please help
49:verification
46:
29:
3055:Yield curve
2968:Terminology
2920:Hedge Funds
2813:Mutual fund
2753:Investment
2683:Hedge funds
2446:Derivatives
2441:Commodities
2396:Day trading
2306:Directional
2205:Hedge funds
1881:2 September
1855:2 September
1584:11343/59437
1270:13 February
1154:AQR Capital
1130:Hedge funds
1045:liquid alts
1035:correlation
758:hedge funds
746:commodities
742:real estate
691:asset class
603:Market risk
416:Spot market
373:Reinsurance
368:Real estate
358:Mutual fund
295:Derivatives
265:Stockbroker
182:Bond market
3139:Investment
2890:Unit trust
2798:Hedge fund
2788:Index fund
2757:structures
2638:Governance
2212:Investment
2085:15 October
2051:15 October
2025:15 October
1409:29 October
1243:Linklaters
1226:References
1134:long-short
1085:Brookfield
1077:Blackstone
1065:See also:
936:seed money
886:few large
826:hedge fund
693:excluding
687:investment
445:Regulation
173:Securities
82:newspapers
3034:Convexity
2572:Investors
2222:Arbitrage
2080:0362-4331
1999:7 January
1972:0099-9660
1911:7 January
1688:0017-8012
1632:17 August
1602:187187796
1477:7 January
1456:7 January
1378:7 January
1357:7 January
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1298:7 January
1249:1 October
1100:BlackRock
1075:In 2023,
954:Investors
685:), is an
546:corporate
521:Financial
343:Commodity
3133:Category
3112:Category
3030:Duration
2214:strategy
1765:28 March
1729:28 March
1659:9 August
1164:See also
1061:Industry
875:JOBS Act
804:Research
794:shipping
790:forestry
726:antiques
712:such as
571:services
561:personal
556:forecast
526:analysis
450:Clearing
402:Forwards
328:Currency
166:Exchange
2845:(QIAIF)
2434:Markets
2425:Related
2384:Trading
2019:Reuters
1977:16 June
1940:16 June
1509:1818726
1149:funds.
1093:Carlyle
973:updated
689:in any
578:Fintech
541:betting
531:analyst
431:Trading
407:Options
96:scholar
3009:Theory
2911:Active
2851:(REIT)
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1292:Forbes
1106:, and
1091:, and
1081:Apollo
1000:should
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738:stamps
701:, and
566:public
363:Option
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3096:UCITS
2955:Value
2865:SICAV
2779:(FCP)
2773:(ETF)
2767:(CCF)
2549:Short
2539:Hedge
2520:alpha
2427:terms
2351:Other
1759:(PDF)
1748:(PDF)
1723:(PDF)
1712:(PDF)
1620:(PDF)
1598:S2CID
1505:JSTOR
938:, or
909:lease
734:coins
699:bonds
551:crime
536:asset
421:Swaps
353:Money
260:Stock
103:JSTOR
89:books
3120:List
2755:fund
2524:beta
2480:Misc
2146:ISBN
2128:ISBN
2109:ISBN
2087:2017
2076:ISSN
2053:2017
2027:2017
2001:2017
1979:2016
1968:ISSN
1942:2016
1913:2017
1883:2023
1857:2023
1828:help
1793:2022
1767:2010
1731:2010
1695:2022
1684:ISSN
1661:2017
1634:2017
1588:ISBN
1479:2017
1458:2017
1436:2022
1411:2011
1399:CNBC
1380:2017
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1300:2017
1272:2021
1251:2022
1033:Low
792:and
722:wine
703:cash
491:Bull
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1580:hdl
1572:doi
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1089:KKR
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848:Art
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