As equity markets rise, long-term expected returns are falling, leaving growth focused investors with a difficult choice as to where to allocate their funds. We explore the use of alternative asset managers as a means of gaining equity-like investment returns while providing downside protection in the event of a market correction.

The fear of loss is one of the most powerful forces driving investor behaviour. A rich history of academic research has proven that human behavioural biases can lead to irrational or sub-optimal decision making. In investment markets these biases can result in systematic mispricing of assets which the independent minded investor can exploit to achieve above market returns.