The product is designed to mitigate historical issues of investing within FOHFs. Namely, to provide investors improved liquidity, diversification, transparency, and reduced overall fees.

In our view, the New York-based alternative investment specialist RASL provides local investors with an experienced institutional-quality manager able to deliver on the investment objectives of the offering through efficient access to a diversified portfolio of alternative investments.

“Advance and RASL have combined to offer Australian investors a more efficient access to alternative multi-strategy investing while maintaining the diversification benefits of investing within alternative investments. Through the use of ‘alpha managers’, alternative beta replication, managed accounts, rules-based ‘algorithmic’ strategies, and hedging overlays, the offering seeks more efficient access to a given strategy for liquidity, cost, transparency, and performance,” said S&P alternatives sector head Michael Armitage.

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