Investing in Alternatives With Bob Hennessey
b'In this episode of Strategic Investor Radio, host Charley Wright interviews Bob Hennessey of San Diego-based Coastal Capital. Bob started out in the 1990s as a financial planner and advisor, but then started wholesaling for a variety of asset management shops some years later. Around five years ago, he went into business for himself with Coastal Capital, and now he works as an independent wholesaler, representing funds to the advisory community.
Bob is an alternative investments specialist. He says he likes alternatives because of their low correlation to traditional asset classes, such as stocks and bonds, and their ability to \\u201cdampen the volatility\\u201d of a portfolio. He loves liquid alternatives for expanding access to alternative asset classes and strategies for everyday investors, and he notes how as recently as the late 1980s, retail investors\\u2019 only real options were stocks, bonds, and real estate. Host Charley Wright also notes that alternatives provide a \\u201csmoother ride\\u201d during volatile times, such as the period immediate following the Brexit vote.'