In this Opalesque Institutional Investor Series interview, moderator Michael Oliver Weinberg interviews Ram Ahluwalia, CFA, Portfolio Manager at family office Winged Foot Capital. Ram Ahluwalia prefers alternative investments with a preference for managers with a relative value approach and niche advantages operating in capacity constrained markets where there is limited competition and less traffic. Markets discussed include private credit / specialty finance, distressed mortgages, and relative value biotech. Mr. Ahluwalia shares potential short-term tactical opportunities, such as dislocations in the municipal bond market and TARP preferred stock in community banks. Mr. Ahluwalia also discusses formiing long-term capital market expectations using historically predictive metrics.