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18

Morning Agenda: Liquid Alts, a $5 Trillion Comeback, Deutsche Faces a Fine

By Tony Seruga

Clifford Asness’s quantitative investment firm AQR Capital Management has become the biggest manager of liquid alts. CreditPatrick T. Fallon/Bloomberg

Mutual funds that mimic the strategies of hedge funds — the so-called liquid alternatives sector — were the hottest investments a few years ago. And, despite lagging returns and setbacks at several funds, retail investors have continued to stick with them.

This could all be about to change, though.

In the last five months, investors have pulled $5.1 billion from liquid alts. Even the market leader has been unable to shake off lackluster performance…

Morning Agenda: Liquid Alts, a $5 Trillion Comeback, Deutsche Faces a Fine

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