摘要：A well-diversified portfolio means investments in stocks, bonds, cash or alternative assets, such as cryptocurrencies, commodities, real estate, art pieces, wine collections or even collections of cars or diamonds. Alternative investments have been used for long time by investors, but these have been diversified permanently, depending on the interest of investors for new categories of assets, depending on the level of demand, as well as on returns and risks of these assets. The development of the capital market also had the effect of updating the legislation in the field. At the beginning of 2020, the Romanian legislation, aiming to increase investors' confidence in alternative investments, regulated the operation of alternative investment funds, as well as their obligation to request authorization from the Financial Supervisory Authority. This article aims to present a number of advantages and specifics of investments on the capital market in diversified portfolios, as well as in investment funds.
