Despite a rocky 2014, Bronze-rated AQR Diversified Arbitrage can still function as a very effective diversifier to a fixed-income portfolio.
The low-cost Vanguard Large Cap Value Index makes Gold, and TIAA-CREF Large-Cap Value earns a Bronze for outperformance. Meanwhile, a manager change knocks Calamos Market Neutral Income down a notch.
Despite their complexities, investing in convertible securities and market-neutral strategies makes sense amid heightened volatility and uncertainty, says Calamos Investments' John Calamos.
The outlook for bonds is just as cloudy as ever, but Morningstar's Miriam Sjoblom and Marta Norton offer helpful tips for setting the right expectations and creating a game plan in today's challenging bond market.
Hitting singles and doubles is the way alternatives should play the game, and investors should not expect a gain of 20%-30% from these vehicles, says Alpha Capital manager Brad Alford.
Hedge funds outperform the major indexes, including the S&P 500 and MSCI World.
Gratus Capital Management is an SEC registered investment advisor. Our ADV documents are available upon request. The opinions expressed are as of the pubication date and may change as market conditions vary. As with any investment, past performance is not a guarantee of future results.
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