E274:How LPs Miss Early Asymmetry by Waiting

GLASFunds' Brett Hillard discusses democratizing access to alternative investments for high-net-worth individuals by streamlining K-1 management and offering customized portfolio options. GLASFunds addresses the K-1 challenge through its legal structure, consolidating tax information into a single K-1, which significantly reduces administrative burdens and costs for investors. Model portfolios typically allocate 10-20% to alternatives, including hedge funds and private capital funds across credit, buyout, growth, and real estate. Hillard also highlights the importance of understanding the nuances within alternative investments and suggests starting with strategies like secondaries or private credit to minimize risk and ensure quicker cash flows. He emphasizes the need for emotional intelligence in investing, advocating for a focus on managing emotions to make better decisions.