Where is the talent on Wall Street? According to Ram Ahluwalia, a former Senior Vice President at Bank of America-Merrill Lynch, you might not find it in familiar places.

"Increasingly, I see more talent flowing into the alternative investments space rather than traditional equity-only, long-only, or long fixed income buy-side firms," Ahluwalia told StreetID. "Passive investment management companies need to keep their costs lean so they can capture beta efficiently. There is also a new middle-ground between alpha and beta consisting of active beta alternatives, hedge fund replication techniques, and rules-based ETF strategies."

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