asset allocation for alternative investments - …（另类投资资产配置u2014u2014u2026）.pdfVIP

Asset Allocation for Alternative Investments QWAFAFEW Renato Staub, May 16, 2003 Alternative Investments: Questions ♦How do we approach alternatives in our investment framework? ♦What is a recommended allocation to alternative investments? ♦What is the composition of the alternative investments “portfolio”? The Plan ♦Defining alternative investments — Assets vs. strategies ♦Historical perspective on risk and return ♦Forward-looking risk and return characteristics — Consistency with traditional asset classes — Systematic compensation and illiquidity ♦Constru