Dec. 19, 2025

When Alts Go Bad: The BlueRock Blowup and a Liquidity Wake-Up Call

When Alts Go Bad: The BlueRock Blowup and a Liquidity Wake-Up Call

On this episode of Talking Wealth, we’re diving into one of the most misunderstood—and increasingly controversial—corners of investing: alternatives.

Over the past few years, interval funds and other semi-liquid vehicles have exploded in popularity, promising access to private markets with smoother returns and less volatility. But as recent events around BlueRock have made painfully clear, the structure matters just as much as the strategy.

My guest today is Leyla Kunimoto, co-founder of Accredited Investor Insights, and one of the leading experts on private investment funds and fiduciary responsibility.

In this conversation, we’re going to break down what actually went wrong, how interval funds really work when markets turn, and—most importantly—what investors and advisors must understand before allocating capital to alternative investments.


This episode is sponsored by VanEck.  Learn more about the VanEck Semiconductor ETF: http://vaneck.com/SMHCompound

For more from Talking Wealth sign up at: ⁠⁠⁠⁠⁠⁠https://talkingwealthpod.com/⁠⁠⁠⁠⁠⁠ Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. This program is for informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or product. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. Ritholtz Wealth Management and its affiliates may invest in the technology company discussed. The Compound Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. #finance #financialplanning #financialeducation #financialadvisor

Learn more about your ad choices. Visit megaphone.fm/adchoices