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Generation Alt: The New Movement in Alternative Investing

By Clifford Jack

Published by FT Press

Published Date: Jul 28, 2014


Focusing on a new movement in alternative investing, this book provides insight into this exciting portfolio strategy.  The author demystifies and uncovers the alternative asset class; educates and entertains everyday investors with colorful analogies and easy-to-understand methodologies; identifies useful portfolio strategies, tools and techniques in alternative investing. Following the worst global financial crisis, volatility and a low interest rate environment remain major concerns for investors. Clifford Jack combines the art of analogy and the science of methodology to help investors seek out ideas on building a portfolio.  He digs deep to uncover and help simplify the alternative asset class.  This timely and insightful read will help everyday investors gain insight into alternative investing.  

Table of Contents

Foreword     x
Chapter One:  What Goes Up...     1
Chapter Two:  The Modern Portfolio Problem     9

   The Long and Winding Road: Preparing for the Ride      11
   Employers Stall Out: Finding a New Map to Your Financial Future     14
   From the Alt Vault: Valuable Takeaways from Chapter Two     18
Chapter Three:  A Volatile Reality     19
   Motion Sickness: Markets Are Increasingly Cyclical     20
   Investor Shock: When Fear Leads to Missed Opportunities     25
   New Prescription: Rethink Buy-and-Hold     27
   Is It Time to See a Specialist? The Role of Proper Diversification.     28
   Radical Idea: Do Something Different     29
   From the Alt Vault: Valuable Takeaways from Chapter Three     29
Chapter Four:  It’s a Smaller World After All     31
   Booster Shot: Globalization Begins     33
   Immune System Breakdown: Volatility Reaches Fever Pitch     35
   Modern Medicine: Combating Home Country Bias     36
   Second Opinion: The Best Advisors Seek the Counsel of Their Peers     38
   Fatal Mistake: Do Nothing     40
   From the Alt Vault: Valuable Takeaways from Chapter Four     40
Chapter Five:  Disappearing Diversification     43
   Sugary Sweet: Learning Self-Control     45
   Similar Taste: The Rise of Correlation     46
   Proper Diversification: A Well-Balanced Diet     51
   Thirst for Diversification: Develop an All-Weather Strategy     51
   From the Alt Vault: Valuable Takeaways from Chapter Five     53
Chapter Six:  Exploring the Alternative Universe     55
   Flight Plan: Collaborate to Win     56
   Down to Earth: What It Means for the Average Investor     60
   Alternative Investments: No Longer So Alien     62
   From the Alt Vault: Valuable Takeaways from Chapter Six     65
Chapter Seven:  Play the Percentages     67
   Risk Mitigation: Eye on the Ball     68
   Loss Aversion: Play It Safe     69
   Hall of Fame: Unparalleled Returns     71
   From the Alt Vault: Valuable Takeaways from Chapter Seven     75
Chapter Eight:  Beta Blockers     77
   The Prescription: Bringing Balance     78
   Better Beta: Reduce Stress     81
   Clinical Trial: Safe for Public Use?     83
   Risk Parity     86
   From the Alt Vault: Valuable Takeaways from Chapter Eight     87
Chapter Nine:  Think Outside the Style Box     89
   Boxing Out: A Defensive Strategy     90
   Xs and Os: Running a New Play     93
   Driving the Lane: The Importance of
   (Timely and Consistent) Yield     95
   From the Alt Vault: Valuable Takeaways from Chapter Nine     97
Chapter Ten:  The Scouting Report     99
   Due Diligence: A Fundamental Layup     101
   Size and Reach: Is Bigger Better?     102
   Team Performance: Stars vs. Cellars     103
   Preparation: The REIT Way to Do It     103
   Expensive Egos: Managing the Managers     104
   From the Alt Vault: Valuable Takeaways from Chapter Ten     105
Chapter Eleven:  Survival of the Fittest     107
   Hedge Funds: Asset Hunters and Gatherers and More     109
   Alternative Investments: Global Migration Patterns     111
   From the Alt Vault: Valuable Takeaways from Chapter Eleven     113
Chapter Twelve:  Fast and Furious     115
   Post-Modern Portfolios: Revving the Engine     117
   Getting Tactical: Rotate the Tires     118
   Alternative Investments: Riding an Annuity Chassis     120
   Portfolio Optimization: Balancing Risk and Return     122
   Portfolio Overlay: Understanding the Diagnostics      122
   From the Alt Vault: Valuable Takeaways from Chapter Twelve     123
Chapter Thirteen:  How Leverage Works     125
   The Mortgage Industry: Strawberry Fields Forever     127
   130/30 Funds: Short But Growing Longer     128
   Leverage: Note the Danger and Look Down     129
   From the Alt Vault: Valuable Takeaways from Chapter Thirteen     131
Chapter Fourteen:  Over the Hedge     133
   Hedge Funds     135
   Partnerships.     139
   Liquidity and Alternatives     141
   From the Alt Vault: Valuable Takeaways from Chapter Fourteen     143
Chapter Fifteen:  Strategy and Execution     145
   Relative Value     149
   Event-Driven     151
   Equity L/S     152
   Global Macro     153
   Multi-Strategy     155
   From the Alt Vault: Valuable Takeaways from Chapter Fifteen     155
Chapter Sixteen:  Completing the Picture     157
   So What Now?     159
   10 Important Points to Remember     159
Glossary     163
Index     173

Purchase Info

ISBN-10: 0-13-339190-6

ISBN-13: 978-0-13-339190-9

Format: Book


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