Liquid alternatives largely performed in-line with their private placement or hedge fund counterparts in 2015, according to Goldman Sachs Asset Management’s 2015 Liquid Alternative MAPS Report. Following the extraordinary market turbulence during the second half of last year, the wisdom of taking relatively complicated and/or potentially illiquid alternative investment strategies and placing them within publicly traded wrapper has been increasingly questioned. However, according to Goldman’s research, while absolute performance was underwhelming and return dispersion wide, the company’s five liquid alternative investment (LAI) peer groups - equity long/short, event driven, relative value, tactical trading/macro, and multistrategy - performed well relative to...