Different return drivers
Alternative Investments
Explore real assets, specialist finance and absolute-return strategies through cash flows, ownership rights and downside—not fashionable labels.
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6 guides. 30 connected topics.
Every topic below links to a substantial, indexable section inside a complete pillar guide.
Featured coverage
Research and explainers.
3 selected cases · evidence first
Outcomes that worked—and those that did not.
Use the real result to pressure-test the guide: chronology, economics, stakeholder outcomes and primary sources are shown inside every file.
Open the selected cases →Embassy REIT: why a distribution is not the same thing as rental yield
A data-rich FY2026 case study connecting leasing, occupancy, NOI, debt cost, development capital and the composition of a listed Indian REIT distribution.
Read the case →What fell shortThe $236.4 million Klimt: what a record auction hides about art investing
The November 2025 Klimt sale and the wider $59.6 billion art market show why record prices are poor proxies for portfolio return, liquidity and after-fee outcomes.
Read the case →What fell shortYPF litigation: a $16 billion judgment can still become a losing branch on appeal
The Petersen/YPF litigation shows why a court award is not cash: appeal probability, sovereign enforcement, duration and financing structure must be modelled separately.
Read the case →Knowledge graph
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