This piece explains the inherent structural problem with many bond funds and makes a case for using absolute return funds as a possible alternative for portfolio diversification. (arrowfunds.com)
But when taken collectively, the portfolio of picks has an average absolute return of 135 %, which is double the 67 % the market return over the same period. (fool.com)
Other absolute return strategies with low, or negative, correlations with equity markets are attractive too. (wexboy.wordpress.com)