While the basic premise of Modern Portfolio Theory and the so-called efficient frontier have remained unchanged, the availability of uncorrelated asset class choices has extended well beyond traditional equities and bonds. Large institutions have been using private capital, real assets, commodities, hedge funds, and other structured products as part of their asset allocation for decades. In more recent times (after the great financial crisis or GFC), many of these offerings have been repackaged into liquid alternatives, such as in the form of mass-marketed mutual funds. In other cases, the minimum amount required for investment has been lowered or syndicated via