@article {Greenbaum72, author = {Gary R. Greenbaum}, title = {APACS}, volume = {9}, number = {1}, pages = {72--87}, year = {2006}, doi = {10.3905/jwm.2006.628692}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article introduces a new service that wealth management firms can offer to high net worth clients{\textemdash}to include alternative asset classes in their diversified investment portfolios. {\textquotedblleft}APACS{\textquotedblright} (Alternative Pooled Asset Class Service) overcomes many of the real-world obstacles, which, until now, have limited their clients{\textquoteright} ability to reduce their portfolio risk levels by diversifying into negatively correlated alternative asset classes such as oil and gas, venture capital, timber, private mortgage, arbitrage, and real estate.TOPICS: Wealth management, real assets/alternative investments/private equity, portfolio construction, risk management}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/9/1/72}, eprint = {https://jwm.pm-research.com/content/9/1/72.full.pdf}, journal = {The Journal of Wealth Management} }