(Daily ALts) Balter Responds to the Critics of Liquid AlternativesThe gloves are off! Troy Gayeski, Senior Portfolio Manager of fund-of-hedge funds manager Skybridge Capital, came out swinging against liquid alts, warning investors of their risks during last month’s SALT Conference in Las Vegas.
However, this wasn’t the first time Skybridge has voiced their concerns about alternative mutual funds. In June of last year, Ray Nolte, Skybridge’s Chief Investment Officer, voiced his concerns noting in an article in InvestmentNews that “his firm simply hasn’t been able to figure out a way to build a strategy that meets the strict liquidity requirements imposed on mutual funds without compromising the underlying investment strategy.”
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