The article presents alternative investments and quotes the example of hedge funds
and managed futures strategy. For starters, the author offers a definition of alternative
investments. Attention is also paid to hedge funds which represent the main group of
alternative funds. The last section of the paper analyses investment attractiveness of
funds based on managed futures strategy. The author also focuses on alternative investments whose value depends on performance. Finally, a conclusion is made that the
greatest advantage of such investments is their potential for portfolio diversification
due to slight correlation with traditional instruments.