A few weeks ago, Alt Goes Mainstream went to the capitol of capital for alts, AltsLA by CAIA, the largest alternative investments conference on the West Coast, to speak with industry leaders about how they are allocating capital. Alt Goes Mainstream partnered with CAIA, the premier educational organization for the alts space, to have topical conversations on the world of alternative investments. With the backdrop of an uncertain macro environment and changing investor preferences that have resulted in a 60/40 portfolio no longer, top allocators in the industry discussed how alts are becoming an increasingly important part of investors’ portfolios. Over the next few days, we will bring you CAIA shorts: live interviews with the people who are making the decisions for many of the world’s largest investment institutions. Apologies in advance if there is background noise on the podcasts, but it’s because we recorded live and unfiltered from the AltsLA conference. There were 10 great podcasts with such rich conversations from some of the world’s smartest investors, so we will release these episodes in 4 parts. Today's episode (8/10) in this CAIA mini-series is with Jane Buchan, CEO of Martlet Asset Management. Jane and I go back to the beginning of the private equity and hedge fund industries to discuss the different market cycles and why diversification is critical.