February/March 2018 6 7 Dispatches Contributors Letter From the Editor Letter From the Board 8 The Difficult Case for Liquid Alternatives Phillips Curve 11 The Alternative Time Warp 12 Ivory Towers AQR Dominates 14 Alexa! Take Me to My Office The Old Squirrel Policy 16 How Regulators Can Unleash Fintech to Improve Retirement Security 18 What's Our Real Impact? 20 Express Yourself 22 Americas Greater Europe Australia & New Zealand Asia Behavioral Insights Behavior Gap Global Briefs 25 26 27 Spotlight A New Way to Approach Alternative Funds To fully understand alpha-seeking alternatives, bring beta on board. 29 34 Mapping Alternatives 3