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To support advisors with the tools they are looking for to navigate the alts space, Fidelity is making significant enhancements in two key areas: launching a proprietary research portal of third-party alts strategies and expanding its thought leadership library focused on customer exposure to alts.

At a time when alts strategies are rapidly evolving, advisors are looking for additional resources to evaluate these investment opportunities. Fidelity's surveys found that:

• More than half of advisors (54%) indicate investment manager research as the most important attribute to begin or expand the usage of alts.
• More than half of advisors cite due diligence of underlying strategies and managers as barriers when investing in intermittent liquidity (53%) and illiquid (55%) alts.
• More than half of advisors indicate communicating the strategy to clients as a barrier when investing in alts.

Fidelity launches proprietary Alts research for advisors

Fidelity is broadening its existing research offering to include research notes on third-party registered alternative investment strategies. This research is exclusively available to clients via Wealthscape (SM), Fidelity's platform for advisors. Advisors can now navigate the new alts investment research portal seamlessly and review research on various private credit, private real assets, and private equity funds to evaluate and compare a wide range of alts investment strategies.

Fidelity leverages a consistent and repeatable research process to assess investment products including evaluating the people, investment process, strategy alignment, track record, investment terms, and overall governance.

Fidelity expands Alts thought leadership suite

Fidelity is also expanding its library of alts thought leadership and insights for wealth management firms with the release of Evaluating Alternative Investment Strategies. This is the latest white paper in its series of alts-focused content that discusses the manager due diligence process for alternative investments, highlighting how it differs from evaluating traditional strategies.

Alternative investments at Fidelity

Fidelity, through its asset management divisions, offers a range of alternative investment strategies to investors including private equity, private credit, real assets, liquid alternatives, and digital assets. In the past year, Fidelity launched its first interval fund, Fidelity Multi-Strategy Credit Fund, as well as its first business development company (BDC). In 2022, Fidelity launched Fidelity Hedged Equity Fund (FEQHX), Fidelity Macro Opportunities Fund (FAQAX) and Fidelity Risk Parity Fund (FAPSX), three liquid alts mutual funds available for individual investors and advisors to purchase commission-free through Fidelity's online brokerage platforms.

Fidelity, through its Fidelity Institutional Wealth Management Services division, is also a leading provider of custodial services of more than 5,000 alternative products to its institutional, and intermediary clients.

Privately held for 77 years, Fidelity Investments employs more than 74,000 associates across the United States, Ireland, and India. It has assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023.

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