List of Top 20 Multi-Alternative Funds Released
From the Desk of Jim Eccleston at Eccleston Law LLC:
Morningstar has released their list of the Top 20 multi-alternative funds. At the top of the list are the John Hancock Global Absolute Strategies Fund, Principal Global Multi-Strategy Fund, and Blackstone Alternative Multi-Strategy Fund. Those funds have seen $1.12B, $840M, and $783.2M year-to-date net flows respectively. Rounding out the top five are the Goldman Sachs Multi-Manager Alts Fund and Natixis ASG Global Alternative Fund, with $691M and $516.M year-to-date cash flows for each respective fund.
Overall, the funds on the Top 20 list have three year returns which exceed routinely over 5.00%. Some funds, in fact, have seen returns as much as 12.29%. Even though the Top 20 list paints a positive picture of multi alternative funds, not all funds see such success. The Neuberger Berman Absolute Return Multi-Manager Fund, for example, has lost over $59M year-to-date.
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