A unit of Chicago-based Envestnet is now providing financial advisors with access to a range of alternative long/short equity strategies on the company’s platform through separately managed accounts (SMAs). The new offerings allow advisors working with Envestnet’s portfolio management consultants group (PMG) to offer hedge fund strategies for lower minimums and through the use of investment vehicles that can provide greater control, liquidity, and transparency than traditional hedge fund structures, the company said in a statement.