Advocates of alternative investing often point to the market crash of 2008 and 2009 as a good reason to hold more than just stocks, bonds and cash in a portfolio. During that period, being long-only in the three traditional asset classes meant there was practically no way to avoid the damaging effects of increasingly interdependent equity and fixed-income markets that fell simultaneously. More than once in the past dozen years, significant market turbulence has persuaded advisors to at ...

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