Sooner or later, even the scariest cutting edge becomes mainstream. Remember Elvis?

Back in April, we argued that alt funds are now like alt bands that have graduated from college radio. Andrew Rogers, chief executive of Gemini Fund Services agreed with us in an opinion piece in Investment News.

To-be-sure, the pace is picking up. Wilshire has launched an alts index, notes BenefitPro, and Larch Lane and Rothschild Asset Management have launched their first fund, an alt. Even BlackRock, reports Reuters, has launched a multi-manager fund

Of course, not every body is boogieing to the alts beat. Investment News writes that alts are still giving some advisors night terrors, while the SEC has put alts under the microscope.

Still, some are getting into the alternative melodies, like Kiplinger, which recently touted alts' ability to hedge for retail investors.

Maybe some day, alts will be like the Beatles. A magical mystery investment tour. 

Edited by: Tommy Fernandez


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