The diagram illustrates the components of Hedge Fund Returns, showing a tiered structure with Alpha at the top, 'Replicable Alpha' (Risk Premia / Alternative Beta) in the middle, and Traditional Beta at the bottom. It suggests that hedge fund returns are composed of these three elements. The text explains that 'Liquid Alternatives' offer diversification and returns similar to hedge funds, are attractive to investors with liquidity constraints, and that a significant portion of hedge fund returns are systematically replicable. DB CB&S is highlighted as a market leader in the Risk Premia space.
documents/vol00010-efta01364443-pdf.pdf
{"title":"Liquid Alternatives for Diversification","document_type":"media","document_subtype":"diagram","key_organizations":["DB CB&S"]}