SEC probes retail hedge fund liquidity

So-called multi-alternatives are growing rapidly - too rapidly for some sceptics

SEC headquarters

It sounds too good to be true – a bundle of hedge fund strategies in a mutual fund format, which promise stable returns to retail investors along with daily liquidity – so it should not be surprising that the Securities and Exchange Commission (SEC) is nosing around in what is known as the liquid alternatives market. So-called multi-alternatives funds, which parcel up a number of strategies, represent about a third of the money raised in the liquid alternatives space over the past