GLOBAL PROPRIETARY ALTERNATIVE INVESTMENT FUND
Global Proprietary alternative investment fund (GPAIF) is an investment in asset classes other than stocks, bonds, and cash. …Investments in real estate, forestry and shipping are also often termed “alternative” despite the ancient use of such real assets to enhance and preserve wealth.
There is no uniform definition of alternative investments or definitive list of alternative assets.
Alternative assets have risk characteristics, or exposures, that differ from those experienced with a relatively stable portfolio of long-only positions in ordinary stocks and bonds. Alternative investments include strategies that offer unusual risk and return characteristics even when the securities underlying the strategy are traditional stocks and bonds. The unusual risk-and-return characteristics of the strategy may be generated from trading that causes large shifts in risk through time and from positions, such as short sales, that generate these nontraditional risk exposures.