Marketable Alternatives

Portfolios built to address specific goals and risks

Marketable alternatives can be beneficial for creating greater diversification as they can be used to fill a variety of roles, from alpha generation to downside protection.

However, if viewed narrowly, these investment strategies have the potential to work against institutional investors’ own interests.

Meketa believes marketable alternatives are best deployed with a holistic view of the client’s asset allocation. We help our clients mitigate costly, redundant investment exposures by putting the marketable alternatives program in context of a broader asset allocation.

Our customizable approach to marketable alternatives allows us to work with many different types of clients with varying needs.  Our extensive resources provide us the ability to serve clients with limited internal resources as well as dedicated internal staff. We work with clients on a full-service, comprehensive retainer or in a specific service area such as:

  • Strategic planning
  • Portfolio construction
  • Investment and operational due diligence
  • Manager selection, monitoring, and reporting
  • Back-office support
  • Specialized project work
  • Board and staff education

Our goal is that every investment serves its intended purpose, and we seek to accomplish this by leveraging the in-depth research of the entire firm.

Our initial conversation with clients is understanding what role marketable alternatives serve in their portfolio. The design of the marketable alternative program is built with purpose to achieve the role and goals set forth by the client. We do not believe there is a single “right” method to design a marketable alternative program. Investors can use these vehicles for directional or defensive purposes. Our role is to ensure each piece of the program serves the intended role, supports the overall asset allocation and avoids higher cost redundant exposures.

W. Brian Dana, Managing Principal / Director of Marketable Alternatives