The Spratt Trusts Are a Behemoth

The classic 60-40 portfolio of stocks and bonds is having its worst performance in 100 years, already down 34%. Financial institutions are fighting to avoid the same fate by allocating 30 to 50% of their money into alternative assets. Alternatives like fine art have far less volatility than stocks. This year the above average piece of fine art is selling for 26% more at auction.