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The HSBC Way to Alternatives Investing -- Barron's Asia
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'Alternative' funds come with the same disadvantages hedge funds have: high fees, inconsistent performance and strategies that take a PhD to decipher.
Bronze-rated IQ Alpha Hedge Strategy attempts to capture the tactical asset allocation of hedge funds but at a lower cost.
Managing Asia's Wealth The HSBC Way -- Barron's Asia
Investors are likely better served by traditional bond funds.