How do the investment objectives of convention mutual funds, liquid alternative funds and hedge funds compare? Mutual funds seek to maximize relative returns while liquid alternative funds and hedge funds seek to maximize absolute returns Liquid alternative funds seek to maximize relative retums while mutual funds and hedge funds seek to maximize absolute retums Mutual funds seek to maximize absolute returns while liquid alternative funds and hedge funds seek to maximize relative returns Mutual funds and liquid alternative funds seek to maximize relative returns while hedge funds seek to maximize absolute returns