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PLANSPONSOR Excellence in Alternative Investment (Alties): Alternate Energies
Alternative assets—hedge funds, private equity, real
estate, and other unconventional investments—are to pension
funds what classic cars are to the world of automobiles:
Prospective owners go to great lengths to find the makes and
models they want, and those cars don't change hands very
often; buyers need a special body of knowledge to evaluate
them; and the classics have unique problems, and are
frequently temperamental and expensive to maintain.
Reported by John Keefe
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