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September 28, 2015

‘Hedge funds for the masses' get a stress test

  • These funds, also called liquid alternative funds, are supposed to deftly maneuver rocky markets thanks to the more complicated strategies they use. So how have they done lately?
    • By STAN CHOE
    AP Business Writer

    NEW YORK — Hedge funds aren't just for the 1 percent. The mutual-fund industry wants average investors to get into its own version of hedge funds, saying they can offer protection when the stock market is tumbling. Kind of like it has been doing the last few weeks.

    The industry's push has helped draw more than $10 billion in investment to these “hedge funds for the masses” over the last year, and they're now in the midst of a stress test. These funds, also called liquid alternative funds, are supposed to deftly maneuver rocky markets thanks to the more complicated strategies they use. So how have they done lately?


     
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