The allure of the outlier: A framework for considering alternative investments

October 28, 2015

 

The global low-yield environment seen in recent history has some advisors considering a broader range of portfolio solutions for clients, including the use of alternative investments. This, coupled with institutional endowments such as Harvard and Yale using alternative investments to noted success, helped spur significant growth in alternative investment assets for the period 2005–2013.

In this research paper, Vanguard's Daniel Wallick, Douglas Grim, Christos Tasopoulos, and James Balsamo discuss the difficulties with analyzing private investments, their performance compared to public investments, and considerations to make when deciding whether to include private investments in a portfolio.

Use this paper to:

  • Understand some of the challenges regarding the analysis of private alternatives.
  • See how private alternative investments have performed compared to public markets.
  • Discover a thorough, bottom-up approach for determining whether to include private investments in a portfolio.
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Additional materials

Note:

  • All investments are subject to risk, including possible loss of principal.
 

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