Alternative investments offer opportunities for investors next year, says Adam Taback, head of global alternative strategy at Wells Fargo's (WFC) - Get Report Wells Fargo Investment Institute. Taback is bullish on private equity for 2017, and also sees a better environment for hedge fund strategies, particularly long-short equity and long-short credit. He's less excited about event driven strategies. Taback also is bullish on investing in certain distressed debt. The Wells Fargo Investment Institute recently released its outlook report for 2017, forecasting that the S&P 500 will reach 2,230 to 2,330 by the end of the year.