Listed Alternatives

Listed Alternatives (LALTS) is a rules-based solution designed to offer tactical, flexible exposure to a broad universe of liquid alternatives strategies. The strategy attempts to replicate the capital protection and risk-adjusted return characteristics of hedge funds and other strategies comprising “alternatives” space, but aims for improved liquidity, transparency and cost-efficiency by leveraging publicly traded instruments.

Objective: Deliver flexible and liquid exposure to a range of alternative assets

Primary asset class: Listed alternative funds

Tactical ranges: 

• Growth & diversification-focused alternatives, 42%-100%
  • Non-traditional equity, 9%-32%
  • Non-traditional fixed income, 28%-53%
  • Hedged multi-strategy, 5%-15%
• Capital preservation assets, 0%-48%

Target allocation: 100% alternatives

Portfolio Construction Ideas:

• Substitute flexible, cost-efficient and liquid exposure for non-listed alternatives
• Complement private portfolio with liquid strategies
• Use cyclically or as a transition tool when equity & fixed income rebalance appears untimely due to market conditions