A Simple Guide To Liquid Alternatives with Joshua Emanuel

Investors are increasingly looking for ways to diversify their portfolios and generate alpha. One way to do this is by investing in liquid alternatives. But what exactly are liquid alternatives? How can investors use them to protect themselves from market volatility?
In this episode, Rusty and Robyn talk with Joshua Emanuel, Chief Investment Officer at Wilshire. Prior to Wilshire, Joshua also served as CIO for The Elements Financial Group, where he developed and managed various multi-asset investment strategies, portfolio manager of two actively managed exchange-traded funds, and co-developed RiskPro®. In his current role, Joshua is responsible for the Wilshire business unit's investment platform and directly supervises the portfolio management, manager research, and investment research teams.
Joshua talks with Rusty and Robyn about what liquid alternatives are, the pros and cons of investing in these assets, and how investors buy and use them.

Key Takeaways

[03:50] - An overview of Joshua's career and his role at Wilshire.

[05:02] - What Wilshire's Monday Market Flash is all about.

[05:59] - Joshua's market outlook for the rest of the year.

[08:06] - What liquid alternatives are and how they work.

[10:36] - The pros and cons of liquid alternatives.

[12:09] - How investors buy and use liquid alternatives.

[15:46] - How liquid alternatives fit into the current market environment.

[17:20] - What makes a good investment manager.

[20:50] - Joshua’s best practices for investment committees.

[22:55] - How Joshua manages money on a personal and professional level.

[24:27] - How Joshua maintains his physical and mental well-being to perform at his best.

[26:09] - Joshua’s book recommendations for advisors.

Quotes
[10:16] - "Liquid alternatives are solutions that can be beneficial from a portfolio construction perspective. It allows investors to diversify their risk away from the traditional sources of return, which, as we have seen year to date, whether you're in bonds or equities, there's been nowhere for you to hide." - Joshua Emanuel
[11:04] - "The biggest challenge for many financial advisors and even for investors is managing emotion." - Joshua Emanuel 
[16:47] - "Multi-strategy is a category commonly used by investors as a core anchor to substitute both equity and fixed income risk into one underlying fund." - Joshua Emanuel

Links 

Joshua Emanuel on LinkedIn

Wilshire

Gimme Shelter by The Rolling Stone

Morningstar

The Drunkard's Walk: How Randomness Rules Our Lives by Leonard Mlodinow

Connect with our hosts

Rusty Vanneman

Robyn Murray

Subscribe and stay in touch

Apple Podcasts

Spotify

Google Podcasts

1072-OPS-6/17/2022

Investors are increasingly looking for ways to diversify their portfolios and generate alpha. One way to do this is by investing in liquid alternatives. But what exactly are liquid alternatives? How can investors use them to protect themselves from market volatility?

In this episode, Rusty and Robyn talk with Joshua Emanuel, Chief Investment Officer at Wilshire. Prior to Wilshire, Joshua also served as CIO for The Elements Financial Group, where he developed and managed various multi-asset investment strategies, portfolio manager of two actively managed exchange-traded funds, and co-developed RiskPro®. In his current role, Joshua is responsible for the Wilshire business unit's investment platform and directly supervises the portfolio management, manager research, and investment research teams.

Joshua talks with Rusty and Robyn about what liquid alternatives are, the pros and cons of investing in these assets, and how investors buy and use them.

Key Takeaways

[03:50] - An overview of Joshua's career and his role at Wilshire.
[05:02] - What Wilshire's Monday Market Flash is all about.
[05:59] - Joshua's market outlook for the rest of the year.
[08:06] - What liquid alternatives are and how they work.
[10:36] - The pros and cons of liquid alternatives.
[12:09] - How investors buy and use liquid alternatives.
[15:46] - How liquid alternatives fit into the current market environment.
[17:20] - What makes a good investment manager.
[20:50] - Joshua’s best practices for investment committees.
[22:55] - How Joshua manages money on a personal and professional level.
[24:27] - How Joshua maintains his physical and mental well-being to perform at his best.
[26:09] - Joshua’s book recommendations for advisors.

Quotes

[10:16] - "Liquid alternatives are solutions that can be beneficial from a portfolio construction perspective. It allows investors to diversify their risk away from the traditional sources of return, which, as we have seen year to date, whether you're in bonds or equities, there's been nowhere for you to hide." - Joshua Emanuel

[11:04] - "The biggest challenge for many financial advisors and even for investors is managing emotion." - Joshua Emanuel 

[16:47] - "Multi-strategy is a category commonly used by investors as a core anchor to substitute both equity and fixed income risk into one underlying fund." - Joshua Emanuel

Links 

Joshua Emanuel on LinkedIn
Wilshire
Gimme Shelter by The Rolling Stone
Morningstar
The Drunkard's Walk: How Randomness Rules Our Lives by Leonard Mlodinow

Connect with our hosts

Rusty Vanneman
Robyn Murray

Subscribe and stay in touch

Apple Podcasts
Spotify
Google Podcasts

1072-OPS-6/17/2022