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Fund Spy

4 New Alternative Fund Medalists

Compelling liquid alts strategies are in short supply, but we've identified several new Morningstar Medalists in recent months.

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We have added several Morningstar Medalist alternative-strategy funds to our coverage since the autumn of 2016. That's not an easy bar to clear, as when it comes to alternatives, we tend to view new funds with a skeptical eye. They're often overpriced, and frequently the strategies, while intriguing, are untested or lack transparency.

The funds described below come from four different Morningstar Categories: market neutral, long-short equity, option-writing, and multialternative. While they represent different strategy types and are new as mutual funds, a common thread for the funds earning medalist Morningstar Analyst Ratings is experienced management teams with specialized expertise running the strategies that power these funds. Given the complexity and technical difficulty of executing many alternatives strategies, veteran and accomplished management is critical. Also noted are two recently added Neutral-rated funds that have some positive characteristics but also drawbacks that keep them from rising to medalist status.

Josh Charlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.