Hedge Funds and Mutual Funds

Blackstone Group: Traditional hedge funds, those lightly regulated investment pools open exclusively to large institutions and rich individuals, have been duds lately, trailing the U.S. stock market performance every year since 2009 by an average of 10 percentage points, according to Hedge Fund Research Inc data, according to Euro News. But already, McCormick, a senior managing director at Blackstone Group LP, has been wildly successful. That may seem like a tough sell. He has done so as a tireless evangelist for what are called liquid alternative investments, or liquid alts. The main difference is that liquid alts are packaged as mutual funds and marketed to retail investors who can’t invest in traditional hedge funds. Like hedge funds, they invest in everything from simple stocks and bonds to all sorts of complex derivatives and other alternative assets. (news.financializer.com). As reported in the news.