PLANSPONSOR Excellence in Alternative Investment (Alties): Alternate Energies

Alternative assets—hedge funds, private equity, real estate, and other unconventional investments—are to pension funds what classic cars are to the world of automobiles: Prospective owners go to great lengths to find the makes and models they want, and those cars don't change hands very often; buyers need a special body of knowledge to evaluate them; and the classics have unique problems, and are frequently temperamental and expensive to maintain.