The long view: Liquid and illiquid alternatives and private assets

The cost of diversification

Investors searching for greater diversification have been considering  uncorrelated return streams from private credit, real estate, infrastructure, and other alternatives. Insights from Berenberg, PIMCO, GMO, and more break down the risks and opportunities that exist for investors today – including liquidity risk and a possible solution in liquid alternatives.

Five Forces Shaping the Data Center Landscape (Principal Asset Management)

Data center supply, demand, and more: What’s impacting investments in the sector?

PE: Characteristics and implications for liquid portfolios (FTSE Russell)

For compliance reasons, this paper is only accessible in certain geographies

What makes private equity attractive, and how can it be used effectively in a multi-asset portfolio?

Assessing Private Credit Risks and Exposures (Fisher Investments)

For compliance reasons, this paper is only accessible in certain geographies

Private credit – and the banking sector in conjunction – has been under the microscope for some time now. What are the true risks?

Daily Pricing Is Not Daily Liquidity (PIMCO)

Within private credit, does increasing the frequency of marks truly improve liquidity – or just the perception of it?

Hedging Tail Risk With Liquid Alternatives (Fidelity International)

For compliance reasons, this paper is only accessible in certain geographies

Looking to reduce downside tail risk? How an overlay or allocation to liquid alternatives might help.

The Case for Liquid Alternatives in Today’s Environment (GMO)

Liquid alternative strategies draw returns from sources that are structurally distinct from the equity and bond risks that dominate most portfolios.

Accelerating Liquidity in GP Stakes (Bonaccord Capital Partners)

GP stakes have a hybrid return objective targeting both private credit levels of yield and private equity levels of appreciation.

How Serious Are the Spillover Risks from Private Credit? (Schroders)

Problems in private credit are worrying investors in public markets. Are they right to be concerned?

European Private Credit: Still an All-Weather Asset Class? (Morgan Stanley)

Does the illiquidity premium of European direct lending over broadly syndicated loans remain intact?

LP-Led Managed Funds: A Strategic Liquidity Option (Evercore)

For the right portfolio, managed funds can be a powerful liquidity tool.

The Compounding Edge in Evergreen and Secondary Funds (Pantheon)

Capital efficiency is a differentiator among evergreen and secondary strategies, and at the heart of capital efficiency is recycling.

Liquid Alternatives – Reliable Diversification (Berenberg)

Why liquid alternatives are poised to become an essential cornerstone for building resilient investment portfolios.