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Alternative Investments Institute

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As we help our students prepare for a life and career in the modern world, the Alternative Investments Institute focuses on nontraditional investments, providing faculty with opportunities for research, and bringing cutting-edge knowledge into Quinnipiac’s classrooms.

What We Do

Tackling the nuanced world of unconventional investments

Alternative investments refer to funds or asset classes such as hedge funds, private equity funds, venture capital funds, managed futures, derivatives, real estate and commodities. While many hear these terms on television and radio news programs, few really know what they are, how they function and what they mean for their own financial futures.

We believe it is important to educate students of all business disciplines about these nontraditional investments and their relevance to our economy, as well as provide faculty with the means necessary to keep curricula current. To this end, the Alternative Investments Institute conducts surveys among institutional investors by partnering with Wall Street firms, publishes white papers on the issues that affect players in this field, and hosts a guest lecture series. These resources delve into the natures of these complex, high-worth, high-yield investment types.    

Investor Survey Project

The purpose of the Investor Survey Project is to gather insights, views and market beliefs of institutional investors, as well as their opinions on various investment strategies. Past survey responders have represented the U.S., Europe, Middle East and Africa (EMEA), and Asia Pacific markets. We hope to better understand the views of major institutional investors on a range of topics, including allocation intentions, various asset class trends, the role of hedge funds in institutional portfolios, and the credit crisis of 2007–08 and subsequent global market downturn.

Guest Lecture Series

The Alternative Investments Institute’s Guest Lecture Series brings seasoned leaders from a range of industries to campus to share their experiences, perspectives and predictions for where the market is heading. Distinguished speakers have come from the worlds of banking, innovation and tech industries, and manufacturing. Lecture topics have ranged from the trading in agricultural commodities such as sugar, coffee and soybeans to managing money during the financial crisis.

White Paper Series

The Alternative Investment Institute’s White paper series offers a relevant, in-depth exploration of the many issues that affect players in the field of investing. Research areas have included hedge fund returns and long-term performance; dynamic trading and asset management strategies; and the correlation of alternative investments with the performance of stocks and bonds. White paper data is captured by seasoned researchers and thought leaders in the business world at large, and the field of investing specifically. 

Lecture Series

April 2018

Douglas K. Mellinger, managing director of marketing for Clarion Capital Partners, presented “Career Opportunities in Private Equity.” An avid entrepreneur, Mellinger has founded numerous groups and organizations, including Foundation Source, the nation’s leading provider of outsourced services for private foundations and Enherent, a global software development company.

February 2013

Carol McFate, chief investment officer with Xerox Corporation, presented “Managing Money During the Financial Crisis: Lessons Learned” as part of the Dean’s Distinguished Speaker Series.

November 2015

Stephen Vesce, junior sugar trader from Noble Agri, presented the lecture “Sugar Trading” in the Terry W. Goodwin ‘67 Financial Technology Center.

White Paper Series

State of Connecticut and the Hedge Fund Industry (2014)

Hedge funds are alternative investment vehicles that employ dynamic trading strategies and have been growing both in terms of their numbers and assets under management (AUM). Current estimates place the number of active hedge funds to 10,000 active hedge funds industry-wide. While the hedge fund industry struggled during the financial crisis of 2008, industry-wide AUM have increased by over 50% since January 2009 to an all-time record of $2.25 trillion at the end of the fourth quarter of 2012. The level of growth in the hedge fund industry is remarkable given the changing dynamics in the relationship between investors and hedge fund managers, as concerns over liquidity, fees, lock-ups and transparency grow. 

Hedge Fund Returns (2011)

Aiken, Clifford and Ellis use a unique sample of hedge fund returns that have been calculated from hand-collected SEC filings. By matching these returns to two different commercial databases, they are able to split the sample into two groups: funds that report (or have reported) to a database and funds that never (or no longer) report. Their data captures the returns for 1,445 distinct hedge funds, yielding over 10,000 quarterly returns during the period 2004 through 2009. They find that the bias in commercially available hedge fund data is severe. Funds that do not report their returns to commercial databases have significantly worse performance than funds that do.

Contact Us

Osman Kilic
Professor of Finance
Director of the Alternative Investments Institute