The (Relatively) Brighter Side
It has been 10 years since alternative investments burst onto the scene. In 2009, after the financial crash, they were the mutual fund story, gathering much of the industry’s headlines. Hundreds of alternatives funds were launched over the next several years. Exchange-traded funds followed suit, with offerings that ranged from staid to highly speculative.
The timing was poor; with one notable exception (more on that later), equities have since pounded all rivals. For stock-heavy investors, alternative investments have come in two flavors: 1) mostly useless and 2) thoroughly useless.