Longboard PM Sees 'Incredible Demand' for Alternative Forms of Diversification

Mutual funds may not be on a hiring spree right now, but Longboard Asset Management Portfolio Manager Cole Wilcox is seeing demand increase elsewhere. Longboard CEO “What I see collectively is actively managed, traditional beta-type long-only equity managers who are having an incredibly difficult time winning business and competing with the very low-fee ETF and index-type fund platforms that exist,” Wilcox, who also serves as Longboard’s CEO and CIO, told StreetID. “We’ve seen a lot of restructuring, a lot of people re-organizing things. “The alternatives world, right where you can produce alpha and put a hedge fund strategy inside of…