October was a tough month for liquid alts – the category saw its first monthly outflow in more than two years. What makes this surprising is that October was the most volatile month of the year, and your gut instincts would tell you that this would drive money in, not out. Until you realize that the largest liquid alt manager is down more than 10% on the year. There’s an alternative nobody’s interested in.
Read Trevor Hunnicutt’s piece at the link below: