Why Are All Illiquid Alts Outperforming?

Data manipulation is a superpower

George Aliferis
10 min read
21 Feb 2022

This research note is a guest post from George Aliferis, CAIA, who runs InvestOrama, a content platform that explores the future of investing across alternative assets, Defi and technology – but without the hype.

SUMMARY

  • Alternative asset classes like wine, PE, or art have been outperforming the stock market
  • However, the performance data is often from the asset managers, which represents a conflict of interest
  • Unsurprisingly these indices are sometimes revised and unlikely reliable indicators of realized performance

INTRODUCTION

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