liquid alternatives are investment products, available to retail investors, generally through mutual funds or ETFs. These Products are designed to provide the diversification and absolute-return benefits typically associated with hedge fund strategies. Liquid alternative make these strategies accessible to other investors apart from the limited range of qualified investors.
There is a new wave of second generation liquid alternative products is now on the anvil. These products will try to address the performance and high fee structure issues of the first generation liquid alts.