Sign up to save your podcasts
Or
Share Skin in the Game: Beyond 60/40 with Alan Strauss
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Skin in the Game: Beyond 60/40 with Alan Strauss
Episode Overview
In this episode of The Uncertainty Edge, host Sam Sivarajan sits down with Alan Strauss, Managing Partner at Crystal Capital Partners. With three decades navigating institutional-grade alternatives — from the dot-com crash to the GFC and today’s volatile markets — Alan unpacks why alternatives are no longer truly “alternative,” how to allocate across hedge funds, private credit, and private equity, and what separates elite managers from the rest. Practical, candid, and advisor-focused.
Key Quote
“Alternatives are not that alternative — they should probably be called mainstream at this point.” — Alan Strauss
Key Takeaways
• Alternatives should be evergreen — not a timing play. Treating them opportunistically is the most costly mistake advisors make.
• Think in three levers: capital preservation (hedge funds), income (private credit), and growth (private equity) — matched to each client’s life stage.
• Not all managers are created equal. Prioritize those with genuine skin in the game over product-centric asset gatherers.
• Diversification is non-negotiable. One manager in one strategy is not a strategy — build multi-manager, multi-discipline exposure.
• Advisors who can’t offer intelligent alternatives risk losing clients. The right platform partner handles due diligence, execution, and reporting so you don’t have to.
Sound Bites
• “Alternatives are not that alternative — they should probably be called mainstream at this point.”
• “The tortoise always wins.”
• “Not all managers are created equal.”
• “If an advisor cannot satisfy their client’s objectives, the client is going to go elsewhere.”
Topics Discussed
00:01 — Introduction: Alan Strauss & Building Crystal Capital Partners
05:27 — Is It Too Late for Alternatives? Timing, Opportunity & Risk
14:57 — The Three Levers: Capital Preservation, Income & Growth
22:12 — Skin in the Game: Real Decisions During Market Stress
26:01 — Private Credit: Separating Genuine Opportunity from Yield Chasing
Resources Mentioned
Learn more about Alan Strauss and Crystal Capital Partners:
crystalfunds.com
Stay Connected with The Uncertainty E.D.G.E.
• Join the conversation on LinkedIn — share your thoughts and connect with other forward-thinking leaders.
• Explore more insights on Sam’s website.
• Check out Sam’s Two Free Substack newsletters: theuncertaintyedge.com and thegoodhumanpractice.com
View all episodes
By Sam SivarajanEpisode Overview
In this episode of The Uncertainty Edge, host Sam Sivarajan sits down with Alan Strauss, Managing Partner at Crystal Capital Partners. With three decades navigating institutional-grade alternatives — from the dot-com crash to the GFC and today’s volatile markets — Alan unpacks why alternatives are no longer truly “alternative,” how to allocate across hedge funds, private credit, and private equity, and what separates elite managers from the rest. Practical, candid, and advisor-focused.
Key Quote
“Alternatives are not that alternative — they should probably be called mainstream at this point.” — Alan Strauss
Key Takeaways
• Alternatives should be evergreen — not a timing play. Treating them opportunistically is the most costly mistake advisors make.
• Think in three levers: capital preservation (hedge funds), income (private credit), and growth (private equity) — matched to each client’s life stage.
• Not all managers are created equal. Prioritize those with genuine skin in the game over product-centric asset gatherers.
• Diversification is non-negotiable. One manager in one strategy is not a strategy — build multi-manager, multi-discipline exposure.
• Advisors who can’t offer intelligent alternatives risk losing clients. The right platform partner handles due diligence, execution, and reporting so you don’t have to.
Sound Bites
• “Alternatives are not that alternative — they should probably be called mainstream at this point.”
• “The tortoise always wins.”
• “Not all managers are created equal.”
• “If an advisor cannot satisfy their client’s objectives, the client is going to go elsewhere.”
Topics Discussed
00:01 — Introduction: Alan Strauss & Building Crystal Capital Partners
05:27 — Is It Too Late for Alternatives? Timing, Opportunity & Risk
14:57 — The Three Levers: Capital Preservation, Income & Growth
22:12 — Skin in the Game: Real Decisions During Market Stress
26:01 — Private Credit: Separating Genuine Opportunity from Yield Chasing
Resources Mentioned
Learn more about Alan Strauss and Crystal Capital Partners:
crystalfunds.com
Stay Connected with The Uncertainty E.D.G.E.
• Join the conversation on LinkedIn — share your thoughts and connect with other forward-thinking leaders.
• Explore more insights on Sam’s website.
• Check out Sam’s Two Free Substack newsletters: theuncertaintyedge.com and thegoodhumanpractice.com