The Wall Street Journal has waxed poetic on the growing alternative funds trend.

In short, the article doesn't reveal very much that alt-addicts don't already know, but it does reinforce the idea that this asset class is getting hot. For example, it cites stats that indicate advisers to high net-worth investors are likely to increase their allocations to alternative funds on average by nearly three percentage points to 20% of the pie by 2014, according to Cerulli Associates.

The story also features fund-selection insights from Jerry Miccolis, chief investment officer at Brinton Eaton Wealth Advisors, and Greg Bitz, president of Metropolitan Financial Group, and Scott Wetherington, senior portfolio manager at Lindner Capital Advisors.

Funds noted in the story include the Calamos Market Neutral Income Fund; the Wasatch Long/Short Fund; Guggenheim Managed Futures Strategy Fund; the Direxion Indexed Commodity Strategy Fund and the MutualHedge Frontier Legends Fund. 

Edited by: Tommy Fernandez


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