Time is of the essence.
By Tom Florence
Hedge fund managers have built their business on exclusivity, traditionally catering to wealthy investors and institutions. Lately, though, as accessing those fundraising channels has gotten more competitive, hedge funds are exploring – and offering – products for which they have never been associated – mutual funds.
Money invested in alternative mutual funds in the U.S. rose 51 percent through the first ten months of 2013, to $239 billion, according to Morningstar. Experts are forecasting the staggering growth of liquid alternatives to continue for the foreseeable future, with one survey conducted by Citi