Greece-Inspired Volatility Proves Value of Alternative Mutual Funds

NEW YORK (TheStreet) -- The spike in volatility as a result of the Greek debt crisis has the market on edge and the VIX, or so-called fear index, spiking over 30% to almost 19. Jonathan Angrist, portfolio manager for the Cognios Market Neutral Large Cap Fund, said this choppiness may be rough on investor nerves, but it proves the value of market neutral and other alternative mutual funds. "Market-neutral funds tend to do better than the index when the market's going down," said Angrist. "The rea...